BitPanda Review

BitPanda Review

BitPanda is located in Vienna, Austria, founded in 2014. Operated by Coinimal GmbH. It accepts only residents of Europe countries only. However, various payment methods are accepted, including 1,800 Post Office branches in Austria, since July 2017. These and more details in this BitPanda Review can be found.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Dash (DASH)
Offered Services
  • Buy Bitcoin, Litecoin, Ethereum
  • Sell Bitcoin, Litecoin, Ethereum
  • Wallet
  • Buy Amazon.de Vouchers
  • BitPanda To Go
Payment Methods Accepted
  • Credit/Debit Card (VISA or Mastercard)
  • SOFORT-Transfer
  • Neteller
  • Skrill
  • Giropay
  • SEPA
  • Voucher
Fees
  • Fees are included in the base price of the cryptocurrency
  • It depends on the payment method
  • It is around 2-5%
Verification Process
  • There are different levels of verification (Bronze, Silver, Gold)
  • Different details are asked by the level of verification
  • Phone number, ID, webcam interview (IDnow, verify-U)
Supported Countries
  • All Europe
  • Some payment options may vary depending on your country of residence
BitPanda Review
Speed
  • When verification is completed, payments are done instantly after they are processed by the payment processor
  • Online payment methods are processed almost instantly
  • SEPA transfers can take up to 2 days
Limits
  • You must complete verification process for enabling cryptocurrencies buying function
  • Limits depend on the level of verification
  • If only phone number is verified, buying is limited to €50 per day, while sell limits of €1,500 daily, €10,000 monthly are applied
  • With Gold verification level user gets limits of €10,000 for buying and €300,000 monthly, limits for Online payment methods and €2,500 or €75,000 respectively for Credit Cards
Privacy
  • Keeps account log (with registered IP address)
  • On verification process email, phone number, address and ID or Passport are required. It has  to be approved by live webcam chat
Security
  • SSL certificate
  • Two-Factor Authentication
Pros
  • Very easy to use
  • Various payment methods are accepted
  • Good cryptocurrency price (including fees)
  • Great support
Cons
  • Very poor privacy
  • Do not exclude exact fees
Conclusion

BitPanda is a great exchange. Tons of payment methods available, great options for cryptocurrency selling, supports not the Bitcoin only but Litecoin, Ethereum and Dash as well. Furthermore, Bitpanda offers great UI and is very easy to use.

Sadly, privacy is certainly poor and BitPanda keeps all of users logs. Despite that, we gave great rating though.

Rating
9/10