Bitpanda Review- Is it safe or scam to use

Bitpanda Review Buy and sell digital assets like Bitcoin in 2020

What is Bitpanda?

Bitpanda a home of digital assets, and Austria-based companies founded in 2014. It allows investing in bitcoin, gold, and over 30 other digital assets on your phone or desktop. Fast, secure, and 24/7.

Payment methods.

Bitpanda supports a wide range of payment methods and you can freely use any method to buy and sell your coins.
  1. SOFORT,
  2. VISA/MASTER CARD.
  3. NETELLER,
  4. SKRILL.
  5. GIROPAY/EPS.
  6. Amazon.de voucher (payout only).
  7. EURO WALLET.
  8. BANK TRANSFER.  

Selling Cryptos.



Bitcoin, Ethereum, BEST, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether, USD Coin, Cosmos, TRON, Basic Attention Token, and Chiliz. Including Gold, Silver, Palladium, Platinum.

Deposit Method.

Bitpanda supports 4 types of fiat currencies for deposit and withdrawal. If you have verified then you can unlock all payment methods. Below, you can see all deposit and withdrawal methods of verified and unverified users.

Verified Users.

  1. Euro (EUR).
    Deposit- SEPA, GIROPAY/EPS, iDEAL, SOFORT, NETELLER, Skrill, Zimpler, Visa, and Mastercard. Withdrawal- SEPA, amazon.de, NETELLER, and Skrill from their Euro Wallet.
  2. US Dollar (USD).
    Deposit- Skrill, Visa, and Mastercard to their USD Wallet. Withdrawal- Only from Skrill, from their USD Wallet.
  3. Swiss Franc (CHF).
    Deposit- SEPA, SOFORT, NETELLER, Skrill, Visa, and Mastercard. Withdrawal- SEPA, NETELLER, and Skrill from their CHF Wallet.
  4. British Pound Sterling (GBP).
    Deposit- SEPA, NETELLER, Skrill, Visa, and Mastercard to their GBP Wallet. Withdrawal- SEPA, NETELLER, and Skrill from their GBP Wallet.

Unverified Users.

  1. Deposit in EUR, USD, CHF, GBP from unverified accounts is not possible.
    Withdrawals in EUR, USD, CHF, GBP from unverified accounts is not possible.

Limit.

Bitpanda has different deposit and withdrawal limits for different fiat such as EUR, USD, GBP, CHS look at the table for different fiat.

For EUR.
Payment MethodsLight VerifiedFull Verified
EUR/MonthDepositWithdrawDepositWithdraw
Online Payments000100.000,00300.000,002000.000,00
Credit Card000000300.000,00000
Bank Transfer(SEPA)5.000.000,005.000.000,005.000.000,005.000.000,00
Zimpler000000100.000,00000
creditcard_low00000031.000,00000
For USD.
Payment MethodsLight VerifiedFull Verified
USD/MonthDepositWithdrawDepositWithdraw
Online Payments00010,821.60324,647.922,164,319.46
Credit Card000000324,647.92000
Bank Transfer(SEPA)5.000.000,005.000.000,005.000.000,005.000.000,00
Zimpler000000000000
creditcard_low00000033,546.95000
For CHS.
Payment MethodsLight VerifiedFull Verified
CHF/MonthDepositWithdrawDepositWithdraw
Online Payments00010’516.00315’479.862’103’199.08
Credit Card000000315’479.86000
Bank Transfer(SEPA)5’257’997.705’257’997.705’257’997.705’257’997.70
Zimpler000000000000
creditcard_low00000032’599.59000
For GBP.
Payment MethodsLight VerifiedFull Verified
GBP/MonthDepositWithdrawDepositWithdrawl
Online Payments0008,940.74268,222.161,788,147.75
Credit Card000000268,222.16000
Bank Transfer(SEPA)4,470,369.374,470,369.374,470,369.374,470,369.37
Zimpler000000000000
creditcard_low00000027,716.29000

Fees.

Bitpanda does not display fees on its website, but the fees amount you can see during the buying and selling process of digital currencies. If you are using a credit card to buy coins, then it charges about 5% of the amount.

Security.

Bitpanda takes your security seriously. For example, they store user funds in secure offline wallets (cold storage), use SSL encryption, offer DDOS protection and session management and email confirmation, Two-factor Authentication (2FA), reCAPTCHA and more for all critical actions like sending cryptocurrencies from one to other users. 

Customer support.

Bitpanda using many customer support so users can easily interact with them and ask or solve their problems.

Trust Review.

A quick view of other media about Bitpanda and what are they saying.
Bitpanda operates as a cryptocurrency brokerage that allows you to buy and sell cryptocurrencies using fiat currency, and vice versa. by iNVEZZ


Bitpanda is all about providing a straightforward system that even someone new to digital assets trading can take part in. by Move Your Money 

Supporting Countries.

Bitpanda supports a wide number of countries to buy and sell, but mostly are Europian countries.

ArgentinaArmeniaAustraliaAustriaBelarus
BoliviaBosniaBrazilBulgariaCanada
ColombiaCroatiaCyprusCzech RepublicDenmark
EgyptEstoniaFinlandFranceGermany
GreeceHerzegovinaHong KongHungaryIceland
IrelandIsraelItalyJapanKuwait
LatviaLiechtensteinLithuaniaLuxembourgMalta
MexicoMontenegroMoroccoNetherlandsNew Zealand
Northern IrelandNorth MacedoniaNorwayOmanPeru
PhilippinesPolandPortugalRomaniaRussian Federation
SerbiaSingaporeSlovakiaSloveniaSouth Africa
South KoreaSpainSwedenSwitzerlandTaiwan
TurkeyUkraineUK


Conclusion.

  • Only supporting European countries.
  • Credit card fees are very high.
  • Charging fee for every action, even for deposit and withdrawal.
  • The minimum deposit and withdrawal amount are also high.
  • Charging 0.0250% fee per week for Gold, Silver, Palladium, Platinum.
  • For credit card charging 5% fee for buy and sell that is too high
  • while Coinbase charging 2.9% of the amount.
Comparison with others.

Websites

Fees for Credit Card

Supporting Countries

Coinbase.

2 - 4%

---------------------

Coinmama.

4.9 - 5.9%

All Countries

Bitpanda.

5%

Europe

** Cryptoswami does not sponsor this product.

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