Yandex

BitPanda

Name
    BitPanda
BitPanda image

BitPanda was formerly named Coinimal and was founded in October YR2014 with the helped of some excellent key-people, namely: Paul Klanschek (Co-CEO), Eric Demuth (Co-CEO), and Christian Trummer (CTO). The Company was an Austria-based exchange that currently holds an extensive list of deposit and withdrawal methods.

Bitpanda offers low fees for the customers at most 5%, although they are not displayed publically on their website; instead, it automatically add-up in your buy price when you checkout to purchase or sell Bitcoins. Also, they will apply charges for Fiat-to-Crypto trades for at most 1% - 4% depending on the payment methods used.

In my opinion, based on our research and reviews from other Blockchain forums. BitPanda seems like an excellent option for those crypto-enthusiasms who are living inside the EU, especially for those people who are looking to use SOFORT-Transfer, Visa/MasterCard, NETELLER, Skrill, GIROPAY/EPS, SEPA and even a Redeem Voucher. For the record, the Company won a startup award in October YR2016 and had been trusted in the Bitcoin space since it’s launched.

The Company also offer a pretty interesting affiliate program, where the affiliates are capable of earning 2.50 € bonus for every referred customer (Gold verified customer after the initial order). The commission fees will be received once per customer that will successfully place an initial order, and BitPanda will instantly pay the payout with no minimum earnings. Also, you will need to manually transfer/send your commission fees onto your Bitcoin Address or wallets, and they will provide a partial report on your referrals.

According to Alexa, the BitPanda.com  has reputable popularity on the Blockchain Technology inside European Countries. It currently holds the global rank of 10, 270 – To think, traffics it generated was originated from European Countries only, that makes it a more remarkable reputation among other Companies that were involved with this Bitcoin space. Apparently, most of their traffic came from European Countries only. Significant numbers of traffics were coming from Germany (34.2%), Austria (25.1%), United Kingdom (4.3%), Italy (3.5%) and Switzerland (3.2%).

 

Advantages:

•     Offers a LOW FEES for buying Bitcoins with a credit/debit card in Europe

•     Facilitates tons of payments options

•     Beginner Friendly

 

Disadvantages:

•     Fees are not stated explicitly on the Bitpanda’s website; it just included in the price.

•    Bitpanda supports all European Countries Only: Not available worldwide.

•     Not trading platforms to speak of.

•     Few altcoins available

 

How to Buy/Trading:

To purchase Bitcoins with BitPanda, you will need to verify basic verification first before doing so. The lowest and basic verification level requires only a phone number. Then, you will able to buy 50€’s worth of Bitcoins in a day and a Month up to a total of 600, whereas the higher verification levels require a government-issued ID, where the customers can place an order with the limit of 2,500€/day (75,000€ Monthly) for credit card purchases. For other options, especially for those corporate/business accounts, there’s a 10,000€/day (300,000€ Monthly).

Here are three simple steps buying Bitcoins:

Step 1: Select a Cryptocoin: e.g., Bitcoin, Ethereum, Dash, Litecoin and so on, as long it’s supported with the BitPanda’s platform.

Step 2: Choose the payment provider: There are tons of payment methods where you can choose based on your preferred payment provider. E.g., SOFORT-Transfer, Visa/Mastercard, NETELLER, Skrill, GIROPAY/EPS, SEPA and even a Redeem Voucher.

Step 3: Choose an amount to spend or receive: You can just proceed and placed your order/purchased. Once completed, it will automatically send onto your Bitcoin Address in no time or almost an instant (In some cases, your order will not be delivered in an instant depending on your choice of payment method, but they guarantee that the transaction time will be lower than two minutes).

 

Storage:

Storage of funds by Bitpanda is categorized as an “offline.” Anyhow, the Company are generous enough to offer a FREE wallet for the storage of Bitcoins. Although, the customers are still one who will decide on what type of crypto-currency storage they will prefer. All leading crypto-storage are supported such as Ledger, Trezor, and Keepkey (Hardware Categories); Jaxx, Coinbase and Blockchain (Online Categories), and many more.

1 comment

  1. User avatar

    Irving 1 month ago

    For a beginner in bitcoin, this company is a good start. A good word of mouth will give me additional coins and I will have nothing to worry about a minimum amount of payout. However, being limited to Europe is what will make me think twice. No issue about having limited coin options if i am a beginner.

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