Bitpanda

Bitpanda is one of the biggest names that come up when looking for reputable exchanges to buy cryptocurrencies. This post reviews the company’s services and compares it to other exchanges out there. Bitpanda Review Summary Bitpanda is a cryptocurrency broker that specializes in buying and selling Bitcoins within the Eurozone. The company was founded in late 2014 and has since grown to become one of the more popular options to purchase Bitcoins around Europe. If you leave inside the EU it’s one of the cheapest ways to buy Bitcoin with a credit card or SEPA transfe

Bitpanda GmbH (formerly known as Coinimal) is a fintech company based in Vienna, Austria specialises in selling and buying Bitcoin and other cryptocurrencies. It has quickly grown to become Europe’s leading retail broker for Bitcoin, Ethereum, Ripple and more. With over 900K users the company has recently expanded its services to allow users to invest in precious metals (gold, silver) as well.

Bitpanda offers a brokerage service which enables its customers to buy and sell cryptocurrencies. Basically, this means Bitpanda supplies you with the coins directly, unlike a trading platform where you interact with other traders. The company charges a premium above market price for their services. Bitpanda To Go  offers the ability to buy cryptocurrency with cash through their “ service”. This service allows you to purchase cash-equivalent coupon codes in post offices around Austria, and later redeem those codes on Bitpanda for purchasing cryptocurrencies. Bitpanda Savings allows you to commit a certain amount each month and create a savings plan by buying Bitcoin or other cryptocurrencies. Bitpanda Metals allows you to diversify your portfolio with physically backed and 100% insured precious metals. You can also swap gold and silver with any other digital asset on Bitpanda. Bitpanda Swap allows you to instantly swap one cryptocurrency for another. There no limits on the transaction size of swaps. Bitpanda Plus allows high net worth individuals to buy large amounts of Bitcoin or other cryptos with better terms than the regular platform. Bitpanda is scheduled to launch its own trading platform soon. Bitpanda is also conduction an IEO (Initial Exchange Offering) of their token called BEST (Bitpanda EcoSystem Token). Similar to Binance Coin, this token will give Bitpanda users specific discounts on related services. Finally, the Bitpanda team has launched an ICO backed project called Pantos (PAN) which aims to be  an open-source, open-innovation driven scientific research project.

 

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Bitpanda fees for buying cryptocurrencies are 1.49% and 1.29% for selling them. However, fees are already incorporated into the price in real time so they are somewhat invisible to the user. This is good since you know exactly how much you’ll pay. On the other hand, it sometimes distorts the real price of the cryptocurrency.

 

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