Bitpanda review & 2 testimonials for www.bitpanda.com (03.2020)
What is Bitpanda in a nutshell?
It's
maybe not the most popular, but
respectable,
well established,
exchange service (trading platform) supporting
4
cryptocurrencies:
you can
buy and sell coins using 4
fiat currencies
(11
banks & payment systems are supported).
Exchange service started the business Jun 2014,
it's a
fully compliant, licensed financial company.
Besides the cryptocurrencies exchange, Bitpanda
also provides other services, for example,
Payments for Utility Bills,
Precious Metals Trading / Investments.
This service works with a number of currencies, banks, and payment systems.
Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here.
Based on this number
(2.87%)
we may say that Bitpanda
charges
considerably low fees, comparing to the local market:
1.29% — 5.09%
(according to our statistics,
the average fee for the
GBP
to BTC exchange is currently
~9.5%)
— you'll find all the details about the fees, limits, etc. below —
This Trading Platform welcomes customers from
46
countries
(unfortunately, your country: United States is not supported at the moment;
but there are good alternatives).
Due to regulatory restrictions, US citizens and residents are not served by the exchange.
Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Bitpanda,
although according to the information from the exchange itself, order processing is automated and should be instant.
Depending on the order details, you may need to verify your account
(ID Verification,
Bank Account Verification,
Video Verification should be normally required)
to exchange money on this Trading Platform.
Since
2014,
Bitpanda
has got
great testimonials
from the customers: just our platform,
already has
2 user reviews,
100% of those are positive.
It's hard to say for the majority of the users what they like dealing with the service,
most of all.
Based on all these facts,
our verdict is the following:
Bitpanda is a
legit, but
promising, although not yet reviewed much by our visitors
place to
buy and sell
cryptocurrencies,
an interesting exchange that we believe will get some nice feedback soon!
Overview: is Bitpanda safe?
Bitpanda is the
Trading Platform;
Bitpanda GmbH
(dba Bitpanda)
started the business in June 2014.
The company is based in the Switzerland
with the headquarters located in the Vienna.
Official Bitpanda address is Campus 2, Jakov-Lind-Straße 2 1020.
The firm is a licensed MSB, regulated by the Finanzmarktaufsichtsbehörde (FMA);
it holds the Financial Services license.
Bitpanda was founded by Eric Demuth, Paul Klanschek & Christian Trummer.
Bitpanda CEO is
Paul Klanschek, Eric Demuth.
Bitpanda also holds PSD2 payment service provider license; the software is compliant with the highest standards of data security.
Bitpanda has quickly grown into a popular trading platform, becoming Europe's leading retail broker: there are over a million users; the team has over 100 members. It has an impressive list of features interesting for the newbies and pro traders alike. It's definitely more than just another crypto exchange! Besides the features described below, there is a native token BEST, holders of which enjoy discounted fees and rewards and get priority access to all the new exciting future products in the ecosystem.
Answering the question how safe is Bitpanda:
We are sorry, our platform has't yet collected enough data, but you can help!
We know fairly much about this Trading Platform (please continue reading),
but our policies require to collect more testimonials from the users of Bitpanda
to draw a conclusion. Do you have any experience dealing with this service?
Please
add your feedback,
this will be a great help!
Or maybe you know someone who does?
Kindly ask him/her to tell us about it here!
We really appreciate your participation.
Overall rating for Bitpanda:
N/A
Although we have not collected enough testimonials to assign a rating to
Bitpanda,
we can pre-estimate the rating (considering there will be no user complaints) as
100/100.
Pros & Cons of Bitpanda
Although Bitpanda is not yet rated
by our visitors,
common sense tells us it should have both strong sides and some downsides.
Let's check it out:
- It's very stable and reliable exchange service operating from 2014.06. Fully compliant and regulated business, service provided by licensed financial company.
- 4 digital currencies and 4 fiat ones are supported. Although, a lot of payment systems & banks, totally 11 are supported, both international and national ones: Visa & Mastercard, SEPA Transfer, Skrill, etc.
- Fees are not high in comparison with other local exchanges.
- Besides the buying and selling, you may trade cryptocurrencies and earn some profit.
- Bitpanda is something much bigger than just another crypto exchange, there are extra services, some of which may be very interesting for bitcoiners.
- Many countries are not supported, please check if yours is in this list before registering!
- Trading platform business model is based on holding the clients funds at the online wallet; such approach has some risks.
Seems that there are not so many cons, but a lot of pros.
We hope you will enjoy your experience exchanging at Bitpanda!
Try Bitpanda today
and let us know how you like it!
Services, Bitpanda Provides
The platform provides the following cryptocurrency exchange-related services:
- Allows the customers to buy cryptocurrencies with fiat currencies
- Provides the clients with ways to "cash out" the crypto to fiat currency
- Payments for the utility bills (water, electricity, landline, gas, etc.) in cryptos
- Investing and/or trading in precious metals: gold, silver, platinum, palladium, etc.
That's impressive number of features!
According to our statistics,
94%
of the competition provide less services,
many just allow the buying and selling, so this
trading platform
is among the champions in this field!
Currencies & Payment Systems
Bitpanda provides the service of
buying and selling
4 digital currencies
using fiat currencies.
The following cryptocurrencies are available to
buy/sell:
Bitcoin (BTC),
Ether (ETH),
IOTA (MIOTA),
Ripple (XRP).
If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides.
For example, these:
Top 10 cryptocurrencies to invest to invest in 2021.
4 fiat currencies
are supported to provide crypto purchase and selling:
Swiss Franc (CHF),
Euro (EUR),
Pound Sterling (GBP),
US Dollar (USD).
The Trading Platform will let you buy and sell Bitcoins
and 3 other cryptos
using the following payment systems:
-
Visa & Mastercard.
An international payment system
(available worldwide)
allowing credit/debit cards payments
in various currencies.
GBP,
CHF,
EUR and
USD
payments are available for
purchasing cryptos at the exchange.
Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at
14 exchanges of various types.
You are welcome to find the best rate for
buying bitcoin with visa & mastercard
at our home page!
-
SEPA Transfer.
An international payment system
(it's available in 46 countries)
allowing international bank transfers payments
in Euro currency.
Just the EUR
payments are available for
both buying and selling cryptocurrencies at this exchange.
-
Skrill.
An international payment system
(available worldwide)
allowing e-wallet payments
in various currencies.
CHF,
EUR,
GBP and
USD
payments are available for
both buying and selling cryptocurrencies at this exchange.
-
Amazon.
An international payment system
(it's available in 11 countries)
allowing gift cards payments
in various currencies.
Just the EUR
payments are available for
selling cryptocurrency to fiat solely; at the time you can't buy crypto using this payment method here.
-
NETELLER.
An international payment system
(it's available in 202 countries)
allowing e-wallet payments
in various currencies.
CHF,
EUR,
GBP and
USD
payments are available for
both buying and selling cryptocurrencies at this exchange.
-
GiroPay.
A local bank
(serving Germany)
in Euro currency.
Just the EUR
payments are available for
purchasing cryptos at the exchange.
-
iDEAL.
A local bank
(serving Netherlands)
in Euro currency.
Just the EUR
payments are available for
purchasing cryptos at the exchange.
-
Zimpler.
An international payment system
(you may use from
Germany,
Finland,
Sweden)
allowing mobile payments payments
in various currencies.
Just the EUR
payments are available for
purchasing cryptos at the exchange.
-
Bitpanda To Go.
A local payment system
(serving Austria)
allowing prepaid cards payments
in Euro currency.
Just the EUR
payments are available for
purchasing cryptos at the exchange.
-
EPS Überweisung.
A local bank
(serving Austria)
in Euro currency.
Just the EUR
payments are available for
purchasing cryptos at the exchange.
-
SOFORT (Klarna).
A local bank
(it's available in 13 countries)
in various currencies.
CHF,
EUR and
GBP
payments are available for
purchasing cryptos at the exchange.
Bitpanda fees
The fees you need to pay at this trading platform during the process of
buying and selling cryptocurrencies
are easier to understand if you break it down like that
(note that you can skip the details,
jumping to the conclusion):
-
Deposit/withdrawal fee.
Depending on the fiat payment system and currency, it's as follows:
-
Commission for the money withdrawal to
Amazon
in
Euro:
1.29%
-
4.48%
to deposit funds by
Bitpanda To Go
in
Euro.
-
3.49%
+ €0.25
to deposit funds by
EPS Überweisung
in
Euro.
-
3.49%
+ €0.25
to deposit funds by
GiroPay
in
Euro.
-
3.49%
+ €0.25
to deposit funds by
iDEAL
in
Euro.
-
5.09%
+ €0.9
to deposit funds by
NETELLER
in
Euro.
-
5.09%
+ $0.9
to deposit funds by
NETELLER
in
US Dollar.
-
5.09%
+ £0.9
to deposit funds by
NETELLER
in
Pound Sterling.
-
5.09%
+ 0.9
to deposit funds by
NETELLER
in
Swiss Franc.
-
Commission for the money withdrawal to
NETELLER
in
Euro:
1.29%
-
Commission for the money withdrawal to
NETELLER
in
US Dollar:
1.29%
-
Commission for the money withdrawal to
NETELLER
in
Pound Sterling:
1.29%
-
Commission for the money withdrawal to
NETELLER
in
Swiss Franc:
1.29%
-
Commission for the money withdrawal to
SEPA Transfer
in
Euro:
1.29%
-
1.49%
to deposit funds by
SEPA Transfer
in
Euro.
-
5.09%
+ $1
to deposit funds by
Skrill
in
US Dollar.
-
5.09%
+ £1
to deposit funds by
Skrill
in
Pound Sterling.
-
5.09%
+ 1
to deposit funds by
Skrill
in
Swiss Franc.
-
Commission for the money withdrawal to
Skrill
in
Euro:
1.29%
-
Commission for the money withdrawal to
Skrill
in
US Dollar:
1.29%
-
Commission for the money withdrawal to
Skrill
in
Pound Sterling:
1.29%
-
Commission for the money withdrawal to
Skrill
in
Swiss Franc:
1.29%
-
5.09%
+ €1
to deposit funds by
Skrill
in
Euro.
-
3.48%
to deposit funds by
SOFORT (Klarna)
in
Euro.
-
3.48%
to deposit funds by
SOFORT (Klarna)
in
Pound Sterling.
-
3.48%
to deposit funds by
SOFORT (Klarna)
in
Swiss Franc.
-
2.99%
to deposit funds by
Visa & Mastercard
in
Euro.
-
2.99%
to deposit funds by
Visa & Mastercard
in
US Dollar.
-
2.99%
to deposit funds by
Visa & Mastercard
in
Swiss Franc.
-
2.99%
to deposit funds by
Visa & Mastercard
in
Pound Sterling.
-
1.99%
to deposit funds by
Zimpler
in
Euro.
-
Trading fee.
This trading platform charges the following when you make the funds transfer:
-
0.1%
of the exchange amount, whatever fiat or crypto currency you exchange.
-
Cryptocurrency withdrawal fee.
Please note that this fee applies only when you
transfer the crypto 'out': to your own wallet, to someone else, etc.!
- 0.000030 BTC when you purchase Bitcoins
- the usual transaction fee in the according crypto, when you are buying:
ETH,
MIOTA,
XRP.
Are Bitpanda fees high or low?
Now it's time to draw a conclusion:
considering the average fee the exchange changes for an operation we can state that
Bitpanda
charges less fees than most of the local competition.
According to our statistics,
the median (average) fee the local exchanges take from a buyer for the
GBP
to BTC exchange is currently about
~9.5%
that's roughly the same charges
Bitpanda does.
The exact rate depends on the Bank or Payment System choice.
For example, an average fee you pay to buy Bitcoin with Visa & Mastercard
in EUR
across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is
21%,
Bitpanda charges 2.99%
for this.
A nice opportunity and as you can see, the fee is low enough!
Hence we know that
Bitpanda
fees for certain exchange directions are rather moderate.
Buying and selling limits
This Trading Platform has the following limits,
applicable when you buy or sell cryptocurrencies:
-
Purchase limits (when you buy crypto).
-
EUR 50
minimal buy and
EUR 500
max purchase
when using Bitpanda To Go in
Euro.
-
€10,000
max purchase
when using EPS Überweisung in
Euro.
-
€10,000
max purchase
when using GiroPay in
Euro.
-
€10,000
max purchase
when using iDEAL in
Euro.
-
€10,000
max purchase
when using NETELLER in
Euro.
-
EUR
10,000
max purchase
when using NETELLER in
US Dollar.
-
EUR
10,000
max purchase
when using NETELLER in
Pound Sterling.
-
EUR
10,000
max purchase
when using NETELLER in
Swiss Franc.
-
EUR 49,999
max purchase
when using SEPA Transfer in
Euro.
-
EUR
10,000
max purchase
when using Skrill in
US Dollar.
-
EUR
10,000
max purchase
when using Skrill in
Pound Sterling.
-
EUR
10,000
max purchase
when using Skrill in
Swiss Franc.
-
€10,000
max purchase
when using Skrill in
Euro.
-
€10,000
max purchase
when using SOFORT (Klarna) in
Euro.
-
EUR
10,000
max purchase
when using SOFORT (Klarna) in
Pound Sterling.
-
EUR
10,000
max purchase
when using SOFORT (Klarna) in
Swiss Franc.
-
€2,500
max purchase
when using Visa & Mastercard in
Euro.
-
EUR
2,500
max purchase
when using Visa & Mastercard in
US Dollar.
-
EUR
2,500
max purchase
when using Visa & Mastercard in
Swiss Franc.
-
EUR
2,500
max purchase
when using Visa & Mastercard in
Pound Sterling.
-
€2,500
max purchase
when using Zimpler in
Euro.
-
Withdrawal limits (when you out-exchange crypto to the fiat money).
-
€500
maximal withdrawal
when receiving money to Amazon in
Euro.
-
€100,000
maximal withdrawal
when receiving money to NETELLER in
Euro.
-
EUR
100,000
maximal withdrawal
when receiving money to NETELLER in
US Dollar.
-
EUR
100,000
maximal withdrawal
when receiving money to NETELLER in
Pound Sterling.
-
EUR
100,000
maximal withdrawal
when receiving money to NETELLER in
Swiss Franc.
-
EUR 5,000,000
maximal withdrawal
when receiving money to SEPA Transfer in
Euro.
-
€100,000
maximal withdrawal
when receiving money to Skrill in
Euro.
-
EUR
100,000
maximal withdrawal
when receiving money to Skrill in
US Dollar.
-
EUR
100,000
maximal withdrawal
when receiving money to Skrill in
Pound Sterling.
-
EUR
100,000
maximal withdrawal
when receiving money to Skrill in
Swiss Franc.
Supported countries
Platform allows the users from 46
countries to use the exchange.
The following countries are supported by the trading platform:
-
Aland Islands
(AX)
-
Andorra
(AD)
-
Austria
(AT)
-
Belgium
(BE)
-
Bulgaria
(BG)
-
Croatia
(HR)
-
Cyprus
(CY)
-
Czech Republic
(CZ)
-
Denmark
(DK)
-
Estonia
(EE)
-
Finland
(FI)
-
France
(FR)
-
French Guiana
(GF)
-
Germany
(DE)
-
Gibraltar
(GI)
-
Greece
(GR)
-
Guadeloupe
(GP)
-
Hungary
(HU)
-
Iceland
(IS)
-
Ireland
(IE)
-
Italy
(IT)
-
Latvia
(LV)
-
Liechtenstein
(LI)
-
Lithuania
(LT)
-
Luxembourg
(LU)
-
Malta
(MT)
-
Martinique
(MQ)
-
Mayotte
(YT)
-
Monaco
(MC)
-
Netherlands
(NL)
-
Norway
(NO)
-
Poland
(PL)
-
Portugal
(PT)
-
Réunion
(RE)
-
Romania
(RO)
-
San Marino
(SM)
-
Slovakia
(SK)
-
Slovenia
(SI)
-
Spain
(ES)
-
St. Barthélemy
(BL)
-
St. Martin
(MF)
-
St. Pierre & Miquelon
(PM)
-
Sweden
(SE)
-
Switzerland
(CH)
-
United Kingdom
(GB)
-
Vatican City
(VA)
Does Bitpanda allow the users from United States (US)?
Sorry, but the Bitpanda
can't provide the services to the citizens and residents of the United States of America at this time,
due to the local regulations and licensing matters, etc.
But there are no reasons to get disappointed because of that,
there are plenty of great exchanges as well as the ones of Trading Platform
type, who warmly welcomes the American people!
We can recommend you to look at these:
Customer service
Sorry, but we haven't collected enough data about this yet.
Do you have any experience exchanging with the Bitpanda?
Can you please
add your testimonial?
This will help everyone a lot, thanks!
Verification at Bitpanda
The trading platform may require the customers to pass through the user identification
(account verification) process.
The following procedures
should be completed if you desire to buy or sell the cryptos using fiat money here:
-
ID verification
-
A bank account verification
(if you wish to use this payment method)
-
A video verification (over a webcam)
Note that the verification is only required
for the exchanges with fiat currencies (i.e. buying and selling digital currencies)!
You may skip the video verification if you plan to use only the bank transfers. Some fiat withdrawal options are available even without KYC!
According to the customers surveys results, the average time to verify an account at
Bitpanda is the following:
Sorry, we haven't yet collected enough data.
Do you know, how fast Bitpanda
does account verification?
Kindly let us know, too.
Thank you very much!
Deposit/withdrawal speed
Bitpanda processes the orders automatically, that's definitely a good thing and the process should take no time.
Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer.
Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this trading platform,
let us and the community know about it, please!
Is Bitpanda instant?
So, what can we see?
In accordance with the data we know about the trading platform,
orders at Bitpanda should be instant.
Although we don't have enough information about the order delivery speed from actual customers yet, sorry.
Customers' testimonials
Our users left 2
testimonials about their experience dealing with Bitpanda,
100% of the testimonials are positive,
0% are neutral
and there are
0
negative ones.
Feel free to read as many of these as you like!
Very good and professional service. Used it couple of times and was very impressed. THANK YOU!
Bought some coins using Klarma instant payment from my bank account, so far so good. I will surely come back for more!
No more testimonials to show.
The rest are either outdated or written in other languages.
If you have any experience dealing with Bitpanda, can you please
leave your testimonial?
Thanks!
Overall result if great!
100% positive testimonials is something the business owners are very proud of,
such a rating is hard to get and even harder to maintain!
It means the community really trusts and likes the Bitpanda
services, so most likely, you'd enjoy it too!
FAQ about Bitpanda
Does Bitpanda holds my funds?
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" Bitpanda holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.
Is Bitpanda a good trading platform?
Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Is Bitpanda licensed? Does it hold e-money license?
Yes, Bitpanda GmbH (entity doing business as Bitpanda exchange) is licenced and regulated financial company. It holds Financial Services license and is regulated by the Finanzmarktaufsichtsbehörde (FMA) of the Switzerland.
Is Bitpanda a ripoff?
It is not a ripoff, although we have not rated Bitpanda yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Bitpanda legit or scam.
Bitpanda vs other exchanges
Let's compare Bitpanda to other similar exchange services with similar features: others of trading platform type mostly.
Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc.
Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and
33 other cryptos, check
the best rates to buy bitcoin and crypto in United States!
Bitpanda vs Binance
Let's compare the key features of these two platforms to see which one suits you best:
-
Binance is a trading platform
Bitpanda is a trading platform,
both are using the same business model.
-
Binance had started the business April 2017
Bitpanda started the business June 2014
(Bitpanda operates
2 years and 10 months longer).
-
Binance has all the required business licenses and permissions
Bitpanda has all the required business licenses and permissions
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides the crypto to crypto exchange,
Binance provides the following extra services:
Mobile wallet,
Lending and the
Margin Trading
Bitpanda provides the same number of services as Binance:
it allows us to purchase and sell digital currencies,
and besides that:
Payments for Utility Bills and the
Precious Metals Trading / Investments.
-
Binance supports 31 cryptocurrencies
Bitpanda allows to exchange 4 cryptos
(Bitpanda
supports 27 cryptocurrencies less).
-
Binance doesn't have any fiat currencies supported
You'll be able to use 4
fiat currencies to swap with digital ones at Bitpanda
(Bitpanda
supports 4 fiat currencies more).
-
Binance doesn't allow any fiat payments
Bitpanda allows the user to utilize 11
various fiat payment systems and/or banks
(Bitpanda
supports 11 fiat payment systems and banks more).
-
Binance charges
0.0%
fee
Bitpanda charges the client
1.29% — 5.09%
fee, depending on the currency, payment system, etc.
(Bitpanda
has higher fees, generally).
-
Binance allows registrations from 255 countries;
United States is among the supported ones
You may register at Bitpanda if you reside in one of 46 countries;
unfortunately, United States is not among the supported ones
(Bitpanda
supports less countries).
-
During the account verification Binance
usually asks for 1
document / procedure:
(selfie)
User identification at Bitpanda
usually consists of 3
different procedures:
id verification,
a bank account verification,
additional information upon compliance staff decision
(Bitpanda 's compliance program requires the client to take more actions or to provide more data).
-
Our users left 17
testimonials about Binance,
94%
of which are positive
We've collected 2
users testimonials about Bitpanda,
100%
are positive
(Bitpanda
has better testimonials from the clients
Although the final decision, which exchange —
Binance or Bitpanda — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
since at least one of them is not yet rated at our platform,
we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Bitpanda vs BitBay
Let's compare the key features of these two platforms to see which one suits you best:
-
BitBay is a trading platform
Bitpanda is a trading platform,
both are using the same business model.
-
BitBay had started the business March 2014
Bitpanda started the business June 2014
(BitBay is working for
2 months longer time).
-
BitBay has all the required business licenses and permissions
Bitpanda has all the required business licenses and permissions
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides buying, selling and exchanging cryptocurrencies,
BitBay provides the following extra services:
Merchant Services,
OTC trading and the
Fiat to Fiat Currencies Trading & Exchange
Bitpanda provides us with less services, related to the crypto exchange:
it allows us to purchase and sell digital currencies,
and besides that:
Payments for Utility Bills and the
Precious Metals Trading / Investments.
-
BitBay supports 16 cryptocurrencies
Bitpanda allows to exchange 4 cryptos
(Bitpanda
supports 12 cryptocurrencies less).
-
4 fiat currencies are available at BitBay
You'll be able to use 4
fiat currencies to swap with digital ones at Bitpanda
(Bitpanda & BitBay
support the same number of fiat currencys).
-
BitBay accepts deposits from and allows withdrawals to
5 fiat payment systems / banks
Bitpanda allows the user to utilize 11
various fiat payment systems and/or banks
(Bitpanda
supports 6 fiat payment systems and banks more).
-
BitBay charges
0.25% — 2.0%
fee
Bitpanda charges the client
1.29% — 5.09%
fee, depending on the currency, payment system, etc.
(Bitpanda
has higher fees, generally).
-
BitBay allows registrations from 254 countries;
we are sorry, but United States is not supported this time
You may register at Bitpanda if you reside in one of 46 countries;
unfortunately, United States is not among the supported ones
(Bitpanda
supports less countries).
-
During the account verification BitBay
usually asks for 2
documents and/or procedures:
(id verification,
phone confirmation)
User identification at Bitpanda
usually consists of 3
different procedures:
id verification,
a bank account verification,
additional information upon compliance staff decision
(Bitpanda 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange —
BitBay or Bitpanda — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
since at least one of them is not yet rated at our platform,
we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Bitpanda vs BITEXBOOK
Let's compare the key features of these two platforms to see which one suits you best:
-
BITEXBOOK is a trading platform
Bitpanda is a trading platform,
both are using the same business model.
-
BITEXBOOK had started the business May 2018
Bitpanda started the business June 2014
(Bitpanda operates
3 years and 11 months longer).
-
BITEXBOOK is an ordinary company without licenses, etc.
Bitpanda has all the required business licenses and permissions
(Bitpanda utilizes a safer and more stable business model).
-
Besides the digital currencies exchange,
BITEXBOOK provides the following extra services:
Cash codes
Bitpanda provides more exchange-related services:
it allows us to purchase and sell digital currencies,
and besides that:
Payments for Utility Bills and the
Precious Metals Trading / Investments.
-
BITEXBOOK doesn't have any fiat currencies supported
You'll be able to use 4
fiat currencies to swap with digital ones at Bitpanda
(Bitpanda
supports 4 fiat currencies more).
-
BITEXBOOK doesn't allow any fiat payments
Bitpanda allows the user to utilize 11
various fiat payment systems and/or banks
(Bitpanda
supports 11 fiat payment systems and banks more).
-
BITEXBOOK charges
0.8% — 5.5%
fee
Bitpanda charges the client
1.29% — 5.09%
fee, depending on the currency, payment system, etc.
(Bitpanda & BITEXBOOK
charge the customer with the equal fee level, more or less).
-
BITEXBOOK allows registrations from 255 countries;
United States is among the supported ones
You may register at Bitpanda if you reside in one of 46 countries;
unfortunately, United States is not among the supported ones
(Bitpanda
supports less countries).
-
During the account verification BITEXBOOK
usually asks for 2
documents and/or procedures:
(address confirmation,
selfie)
User identification at Bitpanda
usually consists of 3
different procedures:
id verification,
a bank account verification,
additional information upon compliance staff decision
(Bitpanda 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange —
BITEXBOOK or Bitpanda — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
since at least one of them is not yet rated at our platform,
we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Bitpanda vs CEX
Let's compare the key features of these two platforms to see which one suits you best:
-
CEX is a trading platform
Bitpanda is a trading platform,
both are using the same business model.
-
CEX had started the business July 2014
Bitpanda started the business June 2014
(Bitpanda operates
1 months longer).
-
CEX has all the required business licenses and permissions
Bitpanda has all the required business licenses and permissions
(both exchange services operate using the same approach to the business, utilizing a same legal model).
-
Besides buying, selling and exchanging cryptocurrencies,
CEX provides the following extra services:
Margin Trading
Bitpanda provides the same number of services as CEX:
it allows us to purchase and sell digital currencies,
and besides that:
Payments for Utility Bills and the
Precious Metals Trading / Investments.
-
CEX supports 16 cryptocurrencies
Bitpanda allows to exchange 4 cryptos
(Bitpanda
supports 12 cryptocurrencies less).
-
4 fiat currencies are available at CEX
You'll be able to use 4
fiat currencies to swap with digital ones at Bitpanda
(Bitpanda & CEX
support the same number of fiat currencys).
-
CEX accepts deposits from and allows withdrawals to
4 fiat payment systems / banks
Bitpanda allows the user to utilize 11
various fiat payment systems and/or banks
(Bitpanda
supports 7 fiat payment systems and banks more).
-
CEX charges
1.0% — 5.0%
fee
Bitpanda charges the client
1.29% — 5.09%
fee, depending on the currency, payment system, etc.
(Bitpanda
has higher fees, generally).
-
CEX allows registrations from 224 countries;
United States is among the supported ones
You may register at Bitpanda if you reside in one of 46 countries;
unfortunately, United States is not among the supported ones
(Bitpanda
supports less countries).
-
During the account verification CEX
usually asks for 3
documents and/or procedures:
(id verification,
phone confirmation,
selfie)
and it takes
a day or two
in most of the cases
User identification at Bitpanda
usually consists of 3
different procedures:
id verification,
a bank account verification,
additional information upon compliance staff decision
(Bitpanda 's compliance program requires the client to take more actions or to provide more data).
-
Our users left 19
testimonials about CEX,
95%
of which are positive
We've collected 2
users testimonials about Bitpanda,
100%
are positive
(Bitpanda
has better testimonials from the clients
Although the final decision, which exchange —
CEX or Bitpanda — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
since at least one of them is not yet rated at our platform,
we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Bitpanda vs EXMO
Let's compare the key features of these two platforms to see which one suits you best:
-
EXMO is a trading platform
Bitpanda is a trading platform,
both are using the same business model.
-
EXMO had started the business May 2013
Bitpanda started the business June 2014
(EXMO is working for
1 years and 1 months longer time).
-
EXMO is an ordinary company without licenses, etc.
Bitpanda has all the required business licenses and permissions
(Bitpanda utilizes a safer and more stable business model).
-
Besides buying, selling and exchanging cryptocurrencies,
EXMO provides the following extra services:
Cash codes and the
OTC trading
Bitpanda provides us with less services, related to the crypto exchange:
it allows us to purchase and sell digital currencies,
and besides that:
Payments for Utility Bills and the
Precious Metals Trading / Investments.
-
EXMO supports 24 cryptocurrencies
Bitpanda allows to exchange 4 cryptos
(Bitpanda
supports 20 cryptocurrencies less).
-
6 fiat currencies are available at EXMO
You'll be able to use 4
fiat currencies to swap with digital ones at Bitpanda
(Bitpanda
supports 2 fiat currencies less).
-
EXMO accepts deposits from and allows withdrawals to
9 fiat payment systems / banks
Bitpanda allows the user to utilize 11
various fiat payment systems and/or banks
(Bitpanda
supports 2 fiat payment systems and banks more).
-
EXMO charges
1.95% — 5.95%
fee
Bitpanda charges the client
1.29% — 5.09%
fee, depending on the currency, payment system, etc.
(Bitpanda & EXMO
charge the customer with the equal fee level, more or less).
-
EXMO allows registrations from 255 countries;
United States is among the supported ones
You may register at Bitpanda if you reside in one of 46 countries;
unfortunately, United States is not among the supported ones
(Bitpanda
supports less countries).
-
During the account verification EXMO
usually asks for 3
documents and/or procedures:
(id verification,
address confirmation,
selfie)
and it takes
a day or two
in most of the cases
User identification at Bitpanda
usually consists of 3
different procedures:
id verification,
a bank account verification,
additional information upon compliance staff decision
(Bitpanda 's compliance program requires the client to take more actions or to provide more data).
-
Our users left 17
testimonials about EXMO,
94%
of which are positive
We've collected 2
users testimonials about Bitpanda,
100%
are positive
(Bitpanda
has better testimonials from the clients
Although the final decision, which exchange —
EXMO or Bitpanda — is better
is up to you, we'll try to help you with the decision.
Both exchanges are great,
since at least one of them is not yet rated at our platform,
we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Conclusion: is Bitpanda legit or scam?
Now it's time to draw a conclusion, is Bitpanda a scam or is it a legit exchange?
We hadn't yet collected enough testimonials to assign
Bitpanda a rating, but according to our research it's a good exchange.
We have found no evidence that this trading platform is a scam so it should
be save to deal with.
Let's summarize what we like most (and what we don't) about the Bitpanda:
- It is licensed, regulatory compliant financial company
- The trading platform holds users' funds
- This company has being in the business for a long time;
exchange was started
6 years
and
7 months
ago
- Exchange supports
4 cryptocurrencies
and 4
fiat ones
(totally 11
payment systems / banks are available).
Besides buying, selling and exchanging digital currencies, the following services are available:
Payments for Utility Bills and
Precious Metals Trading / Investments
- It charges competitive fees:
from 1.29%
to 5.09%
depending on the payment method;
although the exchange of smaller amounts is rather inexpensive
- Bitpanda
accepts the clients from 46 countries;
unfortunately, users from United States
are not permitted to use the service
- Clients' testimonials are perfect,
100% (2 out of
2) note their positive experience dealing with Bitpanda.
Bitpanda's profile impresses, to say the least! Without a doubt, it's a great exchange and we can recommend you to get acquainted with the service if you are residing in any of the supported countries. Enjoy!
Overall rating for Bitpanda:
N/A
Although we have not collected enough testimonials to assign a rating to
Bitpanda,
we can pre-estimate the rating (considering there will be no user complaints) as
100/100.