Summary
Bitpanda is one of the best-digitalized asset trading platforms that has a user-friendly interface for both skilled traders and beginners
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Reputation
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Customer Support
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Fees
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App Design
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Ease of Use
BitPanda is one of Europe’s most popular crypto exchanges, and it is perfect for someone unfamiliar with the crypto world founded in 2019 and headquarters in Vienna. The platform ranks as #67 with an average 24-hour trading volume of £ 11,008,137 GBP , 37 markets, and more than 26 pairs ready to trade in EUR, USD, GBP, CHF, and TRY. The platform supports more than 80 cryptocurrencies.
BitPanda is an exchange for people who want to make small investments in cryptocurrency without getting bogged down in the complexities of trading. It also has an intuitive user interface that is simple and easy to use. The platform also allows users to invest in various assets, such as stocks, ETFs, indices, and metals, but primarily focuses on cryptocurrencies.
BitPanda Pro is an upgraded version of the BitPanda exchange designed for customers who trade digital assets frequently. Users can sign up for BitPanda Pro if users already practice day-trading or swing-trading. The trading interface is similar to Binance and Kraken exchanges.
Some of the key features of BitPanda Pro include European Union regulation, a cutting-edge API, an intuitive user interface, high security, and a wide range of funding and payout options. BitPanda Pro supports all order types and provides access to advanced charting tools.
The trading fee on BitPanda varies according to the account level and can range between 0.065 % and 0.150 %. Level 1 traders pay a maker fee of 0.10 % and a taker fee of 0.15 %, and Level 7 has a maker fee of 0.05 % and a taker fee of 0.065 %. The fee reduces as the level progresses. The deposits and withdrawal charges range from 0.25 to 3.60 % of the total amount. BitPanda takes security seriously and has some precautions to protect its customers, including cold storage, user-level protections such as two-factor authentication, and sending confirmation emails to authorize withdrawals.
Pros
- Crypto index fund
- Trades stocks, and commodities
- Extremely user friendly
- Great educational resources
- BitPanda Visa card
- Low fees
Cons
- Not available in the U.S.
- No interest-earning features
- The limited crypto range on the BitPanda Pro platform
- Crypto deposit fees
BitPanda Details
Devices Compatability:
- Desktop
- Android
- Smart TV
- iOS
- Tablet
Currencies: EUR USD, GBP, CHF, TRY, BTC, XRP, ETH, ADA
Deposit Methods: SEPA, Neteller, Visa, MasterCard, SOFORT, Skrill, GiroPay, EPS
Withdrawal Methods: Crypto wallet, SEPA, Neteller, Visa, MasterCard, SOFORT, Skrill, GiroPay, EPS
Withdrawal Limits: €10,000/ day
Restricted Countries: China and USA
Final Thoughts
BitPanda is an excellent exchange for those new to the crypto space who want to diversify their investment portfolio without getting bogged down in complexities. The exchange is based in Austria and is considered highly secure due to its excellent reputation. It is also a good option for experienced traders, as BitPanda Pro provides access to various trading tools that are ideal for spot trading. BitPanda is a cryptocurrency platform that is a little costly, but the features and convenience it provides may be worth the cost.