Sep 30, 2014
Eric Demuth and Paul Klanschek
Campus 2, Jakov-Lind-Straße 2, 1020, Austria
Dutch, English, French
Bank wire, Credit card (VISA/Mastercard), Neteller
up to 50000$
Euro, United States Dollar
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.
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%).
Excellent Customer support: they have a support request form on their website which you can fill whenever you need help. Their customer support responds promptly to all requests.
Speed in term of payment process: they have different modes of payment. Most of their methods of payment are instant. When you purchase bitcoins using any of the payment methods such as credit card, bitcoins will be delivered to your wallet almost instantly. However, for SEPA, it takes one business day for the transaction and so does bitcoin to reach your wallet.
Liquidity and Limits: depending on the kind of information you provide, there are 3 significant levels of verification:
- Verified email address
- Verified ID
- Verified phone number
Fees: although their fees not publicly displayed on their website, they have very low fees. Their charges are included in the buy price whenever you want to purchase bitcoins or sale in that case.
Cryptocurrencies supported: Bitpanda supports cryptocurrencies like Bitcoin, Ripple, Litecoin, Bitcoin Cash, Ethereum, and Dash.
Security: they have good security protocols for your safety. They have 2 step authentication and ID verification processes. These steps are meant to safeguard your debit or credit card during payment.
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).
Do you live in Europe? Try Bitpanda today. They have a very simple website where once you choose the “Get Started” button, you will register in easy steps and start trading in different cryptocurrencies.