Bitpanda Review: Is it safe or scam to use?

Bitpanda Review: Is it safe or scam to use?

What is Bitpanda?

Bitpanda, a home of digital assets, and Austria-based companies founded in 2014. It allows you to invest 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, and platinum.

 


Deposit Method.


Bitpanda supports four 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 for 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 into 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.

Deposits in EUR, USD, CHF, and GBP from unverified accounts are not possible.

Withdrawals in EUR, USD, CHF, and GBP from unverified accounts are not possible.


Limit.


Bitpanda has different deposit and withdrawal limits for different fiats, such as EUR, USD, GBP, and CHS Look at the table for different fiats.
 
For EUR.
Payment Methods Light Verified Full Verified
EUR/Month Deposit Withdraw Deposit Withdraw
Online Payments 000 100.000,00 300.000,00 2000.000,00
Credit Card 000 000 300.000,00 000
Bank Transfer(SEPA) 5.000.000,00 5.000.000,00 5.000.000,00 5.000.000,00
Zimpler 000 000 100.000,00 000
creditcard_low 000 000 31.000,00 000
For USD.
Payment Methods Light Verified Full Verified
USD/Month Deposit Withdraw Deposit Withdraw
Online Payments 000 10,821.60 324,647.92 2,164,319.46
Credit Card 000 000 324,647.92 000
Bank Transfer(SEPA) 5.000.000,00 5.000.000,00 5.000.000,00 5.000.000,00
Zimpler 000 000 000 000
creditcard_low 000 000 33,546.95 000
For CHS.
Payment Methods Light Verified Full Verified
CHF/Month Deposit Withdraw Deposit Withdraw
Online Payments 000 10,516.00 315,479.86 2,103,199.08
Credit Card 000 000 315’479.86 000
Bank Transfer(SEPA) 5,257,997.70 5,257,997.70 5,257,997.70 5,257,997.70
Zimpler 000 000 000 000
creditcard_low 000 000 32’599.59 000
For GBP.
Payment Methods Light Verified Full Verified
GBP/Month Deposit Withdraw Deposit Withdrawl
Online Payments 000 8,940.74 268,222.16 1,788,147.75
Credit Card 000 000 268,222.16 000
Bank Transfer(SEPA) 4,470,369.37 4,470,369.37 4,470,369.37 4,470,369.37
Zimpler 000 000 000 000
creditcard_low 000 000 27,716.29 000

Fees.

Bitpanda does not display fees on its website, but the fees 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, session management, email confirmation, two-factor authentication (2FA), reCAPTCHA, and more for all critical actions like sending cryptocurrencies from one user to another.
 


Customer support.

Bitpanda uses many customer support channels, so users can easily interact with them and ask about or solve their problems.
 

Trust Review.


A quick view of other media about Bitpanda and what they are 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 most are European countries.
 
Argentina Armenia Australia Austria Belarus
Bolivia Bosnia Brazil Bulgaria Canada
Colombia Croatia Cyprus Czech Republic Denmark
Egypt Estonia Finland France Germany
Greece Herzegovina Hong Kong Hungary Iceland
Ireland Israel Italy Japan Kuwait
Latvia Liechtenstein Lithuania Luxembourg Malta
Mexico Montenegro Morocco Netherlands New Zealand
Northern Ireland North Macedonia Norway Oman Peru
Philippines Poland Portugal Romania Russian Federation
Serbia Singapore Slovakia Slovenia South Africa
South Korea Spain Sweden Switzerland Taiwan
Turkey Ukraine UK


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 amounts are also high.
  • Charging a 0.0250% fee per week for gold, silver, palladium, and platinum.
  • For credit card charging 5% fee for buy and sell, that is too high
  • while Coinbase charges 2.9% of the amount.
Comparison with others.
 

Websites

Fees for Credit Card

Supporting Countries

Coinbase.


2 – 4%


———————

Coinmama.


4.9 to 5.9%


All Countries

Bitpanda.


5%


Europe

Abhishek Rajbhar Avatar

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