In the early days customers looking to buy cryptocurrency had a hard time finding a reliable vendor. For this reason, a trio of Bitcoin enthusiasts set out to create a solution for the community, hence Bitpanda was born.
BitPanda is one of the most reliable exchanges for Bitcoiners in the Eurozone. Formerly known as Coinimal, it was founded by a trio of die-hard Bitcoiners (Eric Demuth, Christian Trummer and Paul Klanschek) back in 2014.
It boasts of having received the prestigious 2016 Alpach Start-Up Award and is managed by a dedicated team of cryptocurrency experts who run and maintain its automated exchange platform. Currently, with zero risk involved, long-term investors as well as beginners in the Eurozone can enjoy easy, reliable and fast exchange services.
Check out what BitPanda has to offer
Table of Content
Ease of Use
The system is simple to use and beginner friendly. It features a stylish and functional user-interface is as easy to navigate for experienced buyers and newbies alike.
BitPanda offers flexibility for those that need it with a variety of payment options including:
| · Credit/Debit Card · Bank transfer · Neteller · SEPA · Skrill · SOFORT · Euro Wallet · Bitpanda To Go |
BitPanda services are only available in the EU, in around 40 countries. It’s probably the most reliable and affordable exchanges for countries in the EU.
Selling coins here is as simple as pressing the sell button. The website features a straightforward instructional guide that makes the whole process super easy and there are 11 coins available to sell into your EUR, GBP, USD and CHF.
Bitpanda Fees
Their exchange rate, when compared to its competitors, is slightly higher and the reason is simple. BitPanda allows chargeback payment methods such as Skrill, credit and debit cards and NETELLER. As a result, the payment method you choose to buy your Bitcoins will determine the fees you pay.
Bitpanda Support
The support features the ability to send tickets asking questions, giving feedback and resolving issues. It has a FAQ page but not a community forum.
Bitpanda Limits
After registering you’ll need to verify your account with an I.D. document, like a passport or driving license, before you can buy/sell Crypto and deposit fiat.
Reputation
BitPanda has a good reputation among its users because of its fast transaction times and the numerous different payment options it offers.
Bitpanda Security
It goes without saying that a secure transactional platform is super important whenever money is involved. Thanks to BitPanda’s two-step verification process, its clients get the best security available. It also takes advantage of a multi-signature function that secures outbound transactions giving peace of mind to its customers.
Read more exchange reviews here.
The Review
Bitpanda
One of the most attractive features of BitPanda is the fact that it's fast and secure. Although it comes with higher charges and it will take a little time for you to verify your account, you get the advantage of buying and selling Bitcoins and other cryptocurrencies on a reliable, fast and secure platform. Of all the options for buying into Crypto or Cashing out, for customers in the EU, this is by far the best, easiest and most reliable Exchange Gateway available. Give it try, you won’t be disappointed.
PROS
- Fast processing times
- Numerous payment options
- 11 cryptocurrencies available to Buy and Sell
- Simple and intuitive user interface
CONS
- Only available within the EU
- Slightly higher fees than its competitors
- Verification required
