The web’s most detailed Bitpanda review: One of Europes biggest and oldest cryptocurrency exchanges. Now offering to trade in Cryptocurrencies, Indices, ETFs, Stocks, and Metals. Keep reading to see if this platform has what you are looking for.
In this section of our Bitpanda review we highlight 6 special features that deserves extra attention.
Bitpanda is a cryptocurrency exchange based in Vienna, Austria and the team behind the operation is the double CEO Eric Demuth and Paul Klanschek. Right now the company has nearly 330 employees and keeps growing. The exchange has been online since 2014 which gives it the veteran badge on Tradingbrowser.
The company behind this exchange is called Bitpanda GmbH and has its registered address at A-1020 Vienna, Campus 2, Jakov-Lind-Straße 2. The team is very dedicated to following their dream and goal of making digital assets more mainstream to the public and so far they have reached over 2 million customers in 44 countries.
Why use Bitpanda
It sounds like a repeat from many platforms but Bitpanda is really for both beginners and more advanced traders. This is due to the fact that they have two different platforms for their users. The basic version is very easy to use and extremely beginner-friendly. It doesn’t have a lot of “fluff” to confuse you and you will find it easy to navigate.
If you are from Europe and you feel more safe trading on a “local” cryptocurrency exchange with regulation you should definitely check out this exchange. There is a lot of different utility and the fees are competitive. The combination of safety and user-friendliness will make you enjoy the platform for sure.
Trading on Bitpanda
Simple, two trading platforms, one basic for beginners, and one advanced for seasoned traders. The basic one is more for converting between digital assets and the advanced has all the trading tools you need if you are a day trader or a swing trader.
On the advanced interface, you will enjoy Tradingview charts which makes the experience very pleasant. Since this is a regulated European cryptocurrency exchange it makes for even better trading.
Payment methods and limits
Bitpanda has a very good variety of deposit methods: Bank Transfer, VISA, Mastercard, Neteller, Skrill, Sofort, iDEAL, EPS, giropay, and of course cryptocurrencies. For crypto, as usual, there are no limits. When it comes to fiat currencies it all depends on the level of verification of your account. If you decide to go for the Bitpanda Plus account you will have higher deposit and withdrawal limits than regular traders.
Things we don’t like
As with many other trading platforms, customer support can be improved with a live chat. It’s a large platform and I would love to see a live chat in the future.
About the special features on Bitpanda
This European cryptocurrency exchange has a good offering of features such as saving plans, a trading app, several altcoins, trading platforms for beginners and experienced traders, and of course, it’s regarded as a very safe exchange in general thanks to its regulation and cold wallet storage for all digital assets. It is a very beginner-friendly exchange for those of you who are new to cryptocurrency trading.
When you create an account for the first time you get to choose which platform you want to use, select the normal platform and you will get redirected to the basic version. If you are a more advanced trader I would suggest that you try the Pro version for better day trading tools.
If you are interested in investing capital in the entire cryptocurrency market you have the option to invest in a cryptocurrency index. On Bitpanda, you can invest automatically in a crypto index and add this to your current crypto portfolio as a diversification. In one investment you can buy the top 5, top 10, or top 25 cryptocurrencies by market cap. It’s very easy to use and saves you a lot of time.
Bitpanda Savings Plan
Here you have the option to set up your own personal cryptocurrency savings plan for bitcoin and other cryptocurrencies. The benefit of using this savings plan is that you will maximize the utility of a cost averaging strategy. This basically means that you can set up recurring purchases for your own savings and keep investing in crypto over time.
When you sign up for the Plus plan you will unlock several benefits on the platform such as key account manager support, increased limits for deposit and withdrawal, personalized updates about new platform features, reduced trading fees, and the ability to block specific deposits and payout methods.
Here you have the option to instantly exchange digital assets. There are no limits what so ever and the interface is extremely user-friendly. Simply insert the two cryptocurrencies you want to swap, select the amount, and then make the swap. Pretty simple and a great tool if you have a bunch of BTC and want to convert it into some altcoins as an investment.
This is something that I really like about Bitpanda. A good education center for everyone! They even have beginner lessons and intermediate lessons. Soon they will open up for the pro lessons as well which is going to be very cool. Don’t underestimate the power of education. The more you know the better decisions you will make and the closer you are to the truth. Good job!
This is the advanced trading interface on the exchange and it’s best suited for traders who already have experience. You will find more complex order selections, Tradingview charts, order book, market depth, and of course advanced trading tools such as indicators and drawing options.
Is Bitpanda safe to use?
Yes, we consider Bitpanda to be a very safe and secure crypto exchange to use. It is regulated and supervised by a government and has never been hack since its inception back in 2014. Cold wallet storage is another great security feature.
Is Bitpanda regulated?
Yes, the payment system is a subsidiary of the exchange and is a licensed payment service in Austra, and is supervised by the Austrian Financial Market Authority (FMA).
Frequently asked questions
Read the most frequently asked questions about Bitpanda. Find answers without searching the web.
Yes, this cryptocurrency exchange is one of few European-regulated platforms with cold wallet storage. We consider this to be a very safe place to buy, sell, and trade crypto.
No, citizens from the United States are not allowed to use this site.
The Pro version is for more experienced traders and the standard version is more suitable for beginners. On the Pro version, you have more advanced trading features while on the standard version the tools are more basic.
The headquarter is located at this address: A-1020 Vienna, Campus 2, Jakov-Lind-Straße 2, Austria.
No, it is a cryptocurrency exchange. However, there are cryptocurrency wallets on the platform.