You are welcome to my BitPanda Review. But, Is BitPanda legit or a scam? Is the BitPanda app safe and secure? Is there anything like BitPanda USA? Can you make money with BitPanda?
I am sure you are here to investigate if BitPanda App is a save Crypto Exchange or not.
I commend you that you are doing the right thing; researching an online program is discovering a legitimate online program. It also helps to avoid many scams online.
But is BitPanda safe and secure for your use? I will be addressing many of the above questions in this article.
Please keep reading . . .
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BitPanda Review at a Glance
Year Founded: December 2014
Owners: Eric Demuth, Paul Klanschek, & Christian Trummer
Summary of BitPanda Review
This is my take about how to make money with BitPanda. Is BitPanda legit or scam? Yes. And I love BitPanda App.
But, can you really make money with BitPanda? You will make some money, and you can also lose it all.
The best way to build a crypto asset is to keep and invest your crypto coins for a long time and choose the best crypto.
Trading bitcoin is a very risky business, and you can lose all your holdings in one day if you are very greedy. And this is why forex and crypto trading is no for me.
I am still making huge money with Crypto, Bitcoin, and forex trading without trading them.
I am affiliated to over 53 cryptocurrencies websites that make me money via there affiliate programs. You can join and build your own online business if the bitcoin eco-system is where you love to play.
You can even make money with Bitpanda USA. Because affiliate marketing has no limitation to region all countries.
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What is BitPanda?
This site is a formidable player in the cryptocurrency business with strongholds in the EU and the UK.
It was founded by three Bitcoin enthusiasts; Eric Demuth, Christian Trummer, and Paul Klanschek in October 2014.
The founders realized that there was a vacuum in Europe for clients who were looking to trade in Bitcoin and other Altcoins.
The existing platforms at the time were not reliable or safe so they launched Coinimal in 2014.
Coinimal was later changed to this website. In 2016, The site won the Alpbach Start-up Award.
They offer instant completion of cryptocurrency transactions for its users. They can sell or buy Bitcoin, Ethereum, Dash, or Litecoin.
There is no holding money for days as the transaction is processed.
Users have the option of using the free Bitcoin wallet to store their virtual currency. If they so wish, they can as well use any other wallet they prefer.
The transactions are fast. A typical transaction takes minutes to complete. They puts a lot of emphasis on security for both the business and clients.
There is a 2-factor authentication process and multi-sig practicality to ensure outward trades are secure.
The user interface on the site is easy for both Bitcoin gurus and beginners. The site is available in 30 countries predominantly in the EU and UK.
Users from all over the world can sell Bitcoin but only users from the EU can buy. What do you think of my BitPanda review?
You can learn more about BitPanda USA on Reddit here. Can you make money with BitPanda?
Do I Recommend BitPanda?
Yes, this is a legitimate cryptocurrency trading platform. You can buy and sell your Bitcoin, Ethereum, Dash, and Litecoin.
They supports all the popular payment options including Credit and Debit Cards, Skrill, OBT, SOFORT, NETELLER, Euro Wallet, SEPA, and GIROPAY/EPS just to mention a few.
Online reviews overwhelmingly support the site as a safe and reliable site for trading in virtual currency.
If you are looking for a secure platform to conduct your cryptocurrency business, This exchange is one of the best there is. Can you make money with BitPanda?
How to Make Money with BitPanda
Creating accounting is extremely easy and fast. However, it is important to note that there are different levels of authentication.
Each level awards you a different limit on the number of trades you can conduct on the site.
With a verified email address only, you cannot buy any virtual currency but you can sell cryptocurrency equivalent to 1,000EUR per day or 10,000 EUR per month.
Your verified email address and phone number, you can buy virtual coins of up to 50 EUR per day but not by a Credit Card.
With a verified email address, phone number, and video ID, you can buy, by Credit Card, virtual coins worth 350 EUR per day or 10,000 EUR per month.
If you transact using any other payment method you can buy cryptocurrency worth 5,000 EUR per day or 75,000 EUR per month.
Here Is A Step-By-Step Guide On How To Use Bitpanda
- Go to the site at Bitpanda
- On the homepage, click on the “Sign Up” button at the top right side of the page.
- You will be required to fill in your email address and answer an authentication question. Once you are done, click on “Register”.
- Confirm your account from your email and proceed to sign in.
- After your account has been created, you will be asked for your phone number. Afterward, you will receive a 6-digit confirmation code on your phone, which you will enter into the site.
- With your email address and phone number confirmed, you can now begin transacting on the site.
- To buy virtual currency, from your account, click on “Buy” at the bottom of your page.
- You will be requested to select the kind of cryptocurrency you are interested in.
- Once you do so, choose a payment method. It is important to note that the minimum amount for a single trade is 25 EUR.
- Complete your transaction and await your virtual coins.
Payment Methods Supported by BitPanda
You can sell or acquire Bitcoin, Litecoin, Ethereum, or Dash using any of the following payment methods.
- Euro Wallet
- Skrill OTB
- SOFORT Transfer
- Mastercard, Visa, and Maestro Debit and Credit Cards
- GIROPAY/ EPS
- Amazon and Redeem Vouchers
- Redeem Vouchers
BitPanda Fees Structure
The fees and transaction and processing fees are competitive.
Unfortunately, the fees are not clearly displayed so the user has to deduce the fees from the difference between the buying price and the total amount charged. Relatively, the fees are about 5%.
When compared to other virtual currency trading platforms, The fees on this site is not cheap.
Cryptocurrency giants like Coinbase charge 3.75% which is considerably lower than this website.
However, other giants like Coinmama charge 6% which is higher. So it is safe to say this is neither cheap nor expensive.
What do you think of my BitPanda review? Is BitPanda legit or scam? Can you compare the best Crypto hardware wallets with the BitPanda wallet?
Customer Support on BitPanda
Customer support is quick and efficient. Users have nothing but good things to say regarding the handling of their issues and the speed with which their issues are handled.
It has not experienced any mentionable customer support complaints in as far as their business is concerned.
The FAQs page is well furnished with clear instructions and “How To” articles for any user who doesn’t know where to begin.
Online and Public Opinion of BitPanda
Since its inception, This website has enjoyed positive reviews online. Apart from the usual exception of a customer who had a bad day, users report fast and easy transactions without any major hiccups.
While many other cryptocurrency trading platforms are plagued by complaints of tedious verification processes, the video verification process is a hit.
Customers reiterate effortless verification and smooth transactions.
Other Great Post Include:
Can You Really Make Money with BitPanda?
Yes. this site is a certified and safe way to trade your virtual currencies. However, if you are not an EU resident, you can only sell cryptocurrency on the site.
If you want to buy any virtual coins you have to be a resident of one of the 30 countries in the EU.
What do you think of the BitPanda wallet? Is BitPanda legit or scam?
You can now use the BitPanda App just as you use the website.
You can download BitPanda Apps on App Store and Google Play platform for your use.
With Bitpanda App, you will be able to trade in Bitcoin and over 37 other cryptocurrencies.
The Bitpanda App is secure, fast, and operational 24/7. It is trusted by over one million users across the world.
Bitpanda App gives you full control over your portfolio on the exchange. You need to go through the simple and seamless verification process.
BitPanda App will help you to:
- Send, receive, buy, sell and swap Bitcoin, gold, Ethereum, and over 37 other crypto digital assets.
- Save and plan your investment with the platform.
- Choose your payment methods.
- Decide on which fiat currencies you trade with
- Access to customer services and support
What I like About BitPanda
- It offers varied payment methods to suit your needs.
- You get a free Bitcoin wallet to store your virtual money.
- The interface is simple and intuitive to the needs of the user.
- Customer support is responsive and efficient.
- Trades are fast and the payout is instant.
- The site is secured with 2-step authentication and multiple signatures functionality.
Issues with BitPanda
- Buying functionality is only available for EU residents.
- Fees are higher than the typical cryptocurrency trading sites.
- There is no transparency regarding the fees charged.
- Many fear that the Bitpanda wallet may not be safe
Who is BitPanda for?
BitPanda is meant primarily for the residents of Europe and the UK. Nonetheless, if you are an altcoin vendor looking to sell your virtual coins, this is a great place to sell.
Few platforms offer the kind of security coupled with low-level identification that is provided here.
With just an email address, you can still sell your virtual currency which is a great attribute for the vendors who want to remain anonymous.
Alternatives to BitPanda USA
Seeing that non-EU residents cannot buy cryptocurrency from this website, there are other alternative trading platforms you can consider.
These include Coinmama, Coinbase, Coinhouse, CEX.IO, and Indacoin among others. But, Is BitPanda legit or scam? What do you think of the BitPanda wallet?
***Where is Bitpanda Located?***
It has the company headquarter in Vienna. Vienna is in northeastern Austria.
***Is Bitpanda Safe?***
Bitpanda is a safe and secure platform for your cryptocurrency exchange that will help you buy and sell different crypto coins using fiat currency.
The site supports USD, EUR, GBP, CHF, and other fiat currency across the world. You also have many options to withdraw your funds from the platform.
***Is Bitpanda a Wallet?***
Bitpanda is not a Wallet itself but a cryptocurrency exchange platform that helps users stores their funds in a secure offline wallet with state-of-the-art technology.
The site will protect your funds with DDOS protection and its SSL encryption technology. You can also save your account with a Two Factor Authentication.
***Does Bitpanda Require ID?***
Yes, you will need an acceptable ID for your account verification on the platform.
You need to activate your webcam or smartphone camera to verify your identification.
You will need a well-lit room, and your ID must be close to you.
***Can I Use BitPanda Exchange In the USA (i.e. Bitpanda USA)?***
No, the company is not currently allowed in the USA and China- for now. If you are or have a US citizen ID, you may not be permitted on the site as a Client.
It is purely for regulatory purposes. It can be altered in the future, and it all depends on the local regulatory framework.
Other countries or regions may be excluded or included in the nearest future.
***Is Bitpanda Regulated?***
The exchange is currently not regulated by any known reputable authorities.
You don’t need to worry because it has been around since 2014 without any known successful hack on the platform.
No user has ever reported theft or loss of any crypto asset via the BitPanda platform so far. This is why there is no Bitpanda USA.
***What is Bitpanda Minimum Deposits and Withdrawals?***
Below is the minimum fiat currencies deposits and withdrawals limit on the Bitpanda platform:
- EUR 25
- GBP 25
- CHF 25
- USD 25
- TRY 100
Note: Deposits that are below the minimum Bitpanda wallet limit will not be credited.
How do I Verify My Bitpanda Account Profile?
Verification process are:
- Log in to your Bitpanda account.
- Click your user profile icon.
- Click the verify now button.
- Input your full details (Ensure the information provided is accurate, complete and click the Save button)
- Ensure you select the type of ID, the issuance country, your preferred verification language, then click the Continue button.
- It takes a while for your verification to be active.
- Note: There is no other way to verify your details and ensure you deposit after your verification to activate the full deposit limit for SOFORT and GIROPAY/ EPS
Is BitPanda worth It?
Thanks for reading my BitPanda Review? Is BitPanda legit or scam? Will you now use BitPanda App? Are you using Bitpanda USA?
Do you think BitPanda is safe for your use?
It is believed that BitPanda was founded so that residents of Europe and the UK can have a safe and secure platform to trade in virtual currency.
To this end, the company has surpassed expectations. Anyone looking to trade in Bitcoins or Ethereum should give the exchange a try.
After all, everyone else who has tried it has loved it.
What do you think of my BitPanda review? The question remains, can you make money with BitPanda? Is BitPanda legit or scam? Are you worry about Bitpanda USA?
What do you think about BitPanda App?
BitPanda Exchange Review – Video
It is great to meet you finally. John is my name, and I'm the owner of Amazing Profits Online. I am a Full-Time Affiliate Marketer at Wealthy Affiliate, a community that teaches anyone to earn a full-time income online with their own passion-driven online business. No Credit Card Is Needed. It is FREE to Join. You can also Click here to get to know more about me.