Bitpanda is an easy to use cryptocurrency exchange providing buying, selling and transaction services covering a decent number of coins and fiat currencies for users from most European countries.

Users from outside the supported countries can use a Bitpanda wallet to receive cryptocurrency deposits and then trade freely, but they can only withdraw fiat currency by using USD and EUR through limited payment methods.

Bitpanda is designed to be a simple platform that is accessible to people new to the crypto space, with a variety of helpful guides and resources covering all their services.

While it does not have an advanced trading platform, Bitpanda does offer enough different crypto and fiat currency options that it can satisfy the needs of a large range of crypto users and investors.

Bitpanda states on its website that:

Bitpanda is known for having one of the largest ranges for payment options in the industry, supporting a wide variety of traditional and online payment services for people from different countries.

If Bitpanda sounds like it might be the right crypto exchange for you, then read on for further details about this exchange and the services it provides.

In this Bitpanda review, we’ll briefly cover the basic facts about the exchange, the main features that make it stand out from the competition, the registration and verification process, its fees, and then a quick pros and cons list to summarize how it all stacks up.

Let’s get started!

Bitpanda offers a robust set of services and some of its main benefits can be seen in the screenshot below:

The wide range of tradable coins available, the low transaction costs and fiat currency support will make Bitpanda an attractive platform for many crypto investors.

Let’s take a look at Bitpanda’s main features in a little more detail.

One of Bitpanda’s strongest features is its huge range of payment options.

From bank transfers to credit cards (VISA, Mastercard) to a number of major online payment systems (Zimpler, Skrill, Neteller), transferring fiat to and from Bitpanda is extremely easy, cheap and flexible.

At 1.49% for a purchase order and 1.29% for a sale order, Bitpanda has some of the lowest transaction fees in the industry.

The Low transaction costs for fiat-to-crypto and crypto-to-fiat trades makes Bitpanda an excellent on-ramp and off-ramp between the crypto world and fiat world.

Bitpanda currently has 24 cyptocurrencies available to buy, sell, and trade on its platform.

This includes:

Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Pantos (PAN), Bitcoin Cash (BCH), IOTA (MIOTA), Litecoin (LTC), Komodo (KMD), EOS (EOS), Dash (DASH), OmiseGO (OMG), Augur (REP), Stellar Lumens (XLM), 0x (ZRX), NEM (XEM), ZCash (ZEC), Tezos (XTZ), Cardano (ADA), NEO (NEO), Ethereum Classic (ETC), ChainLink (LINK), Waves (WAVES), Lisk (LSK) and Tether (USDT).

Bitpanda offers users a very smooth and flexible interface for moving both fiat and digital assets within the Bitpanda wallet and performing cryptocurrency transactions with other Bitpanda users or wallets outside of Bitpanda.

Bitpanda has a simple 2-tiered verification system.

Non-verified accounts can receive crypto deposits and perform internal and external crypto transactions while paying only small transaction fees.

They can also withdraw fiat currency in USD and EUR using a small number of payment processing services. However, these withdrawals have low daily value limits.

Users who wish to enjoy the full range of Bitpanda’s services can choose to verify their accounts through a short process, requiring only a simple ID verification.

However, Bitpanda’s verification process is also outsourced to third parties who require video verification, which may be technically inconvenient, uncomfortable or an invasion of privacy for some people.

However, overall the verification process is pretty fast, as compared to other exchanges.

Some payment methods also require a deposit verification.

Users who wish to bypass Bitpanda’s account size and spending period limits can apply for Bitpanda Plus, a more exclusive service with fewer restrictions and higher verification and approval requirements.

Bitpanda has an extremely competitive fee schedule.

Bitpanda’s fees include percentage transaction fees for fiat-to-crypto and crypto-to-fiat trades, a dynamic fee for crypto-to-crypto trades and flat fees for crypto transactions.

Bitpanda has highly competitive transaction fees for fiat-to-crypto (1.49%) and crypto-to-fiat (1.29%) trades.

Bitpanda does not have deposit and withdrawal fees for fiat currencies. However, payment service providers may charge their own fees, including fiat currency conversion fees for fiat currencies that are not directly supported by Bitpanda.

Bitpanda’s flat fees for straight cryptocurrency transactions are extremely low and based on each individual coin. These fees are often waived completely for transactions above a certain value.

The Bitpanda Swap feature allows users to make direct crypto-to-crypto conversions within their Bitpanda wallet.

The fees are dynamic and automatically included in the transaction.

Now that we’ve covered all the key details about Bitpanda, let’s summarize what we’ve learned in a simple pros and cons list.

Bitpanda’s somewhat unique combination of services and features makes it an ideal choice for a number of different crypto user types:

Overall Bitpanda is a solid choice and one of the better cryptocurrency exchanges in general. It’s an excellent option for Europeans.

Hopefully, this review helped to answer your questions around this cryptocurrency exchange, so you can decide for yourself if Bitpanda is the right choice for you.

Bitpanda Review [2019] – Is It Safe? 4 Must-Read Facts was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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