Bitpanda experiences
The Bitpanda crypto exchange is certainly no stranger to crypto investors in German-speaking countries.
Bitpanda was founded in Vienna in 2014 and is still based there today. Bitpanda is fully regulated and offers so-called deposit protection up to €100,000, which is one of its biggest pluses.
The exchange has 50 cryptocurrencies on offer, as well as precious metals and stocks. In our report you will find out all the experiences we have had with Bitpanda.
possibilities
Bitpanda offers many ways to invest including:
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50 cryptocurrencies (spot trading)
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Shares
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Edelmetalle
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savings plans
Is Bitpanda legit & safe?
Bitpanda has all the hallmarks of a reputable crypto exchange, all parties involved are publicly known and trusted.
So far, the crypto exchange has not reported any security problems, such as hacker attacks. Additionally, Bitpanda is a regulated broker.
Bitpanda Fees
Bitpanda is in the middle with the fees, which are 1.5%.
This is fine for smaller investments, but it may be a little deterrent for long-term investors.
If you are looking for a crypto exchange with low fees, you should look KuCoin and binance look, you can also find these experiences on our website.
Deposit/ Withdrawal
The crypto exchange, like most, does not charge any fees for both withdrawals and deposits.
Deposit:
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SEPA transfer
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Debit card
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cryptocurrencies
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Credit card
Payouts:
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cryptocurrencies
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SEPA transfer
For payments in cryptocurrencies, there are so-called network fees, which are incurred with every transaction. The amount of these fees depends on the respective currencies.
Registration with Bitpanda
Registering with Bitpanda is very easy as usual, an email address and a password are required.
In addition, you have to do the KYC verification using your ID card. This means you need to verify your identity using an ID document.
user friendliness
The exchange has a very clear user interface and is also well suited for beginners. Every child will definitely find their way here.
support
If you have a request for Bitpanda support, you can choose between ticket and live chat, for simpler things live chat is sufficient.
If you have a slightly more complicated question, which is specific to your account and not very general, you should open a ticket, the answer will take longer here, but the solutions are better.
Conclusion
For those who want to invest just a little bit in everything, this is the place for you.
If you want to specialize in stocks or crypto, look elsewhere. The exchange's own token (BEST), on which you can get up to 15% interest annually, makes the crypto exchange a little more interesting.
Our recommendation: Bitpanda is a good second exchange, but you should look for another one for daily use, here we recommend our test winner 2022 KuCoin.