BitPanda is a fully automated platform. As soon as payments are confirmed, the user receives the crypto-coins in less than two minutes. The exchange is designed for everyone, from newbies to experienced traders and offers several methods of payment. This technique provides one of the fastest services in the business.
The platform is designed for European users and provides a simple and clean user-interface. All the functions are easy to use and users don't need a technical background in order to use the exchange. The price of the cryptos consists of the market rate and access to full transaction features depends on the user's level of verification.
Traditional Currency Support
- Euros (EUR)
- European Union
- United Kingdom of Great Britain and Northern Ireland
- Web Interface
Stock Market Options
- Not customizable
- Limit Order
- Market Order
BitPanda security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Advanced Security Features:
- Email reports of logins
- Monitor bahavior patterns for suspicious activity
BitPanda is a product of Coinimal GmbH, a company based in Vienna, Austria. The platform started under the name of Coinimal but soon was changed to BitPanda by its founders, Erich Demuth, Christian Trummer, and Paul Klanschek. They aim to offer a more convenient exchange service than what currently exists and to mitigate any risks for their customers by not holding any funds in hot storage.
The platform is great and has a lot of positive reviews. We recommend paying attention to the fees they apply as this is not a transparent feature. Their customer support is easy to get in touch with for users and most of customer issues are easily solved. A mobile app would have been a good choice for the platform to keep up with the competition.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto
BitPanda customers worldwide can sell cryptocurrency on the platform. Buying is only available for European consumers. There is a minimum deposit of 0.00100 BTC required and a fee of 0.00010 BTC is charged for deposits below 0.10000 BTC, All the transaction fees are included in the currency price and can be checked before finalizing the purchase.
Invasive verification process, no mobile app, slow transactions, high fees