An international speaker and author who loves blockchain and crypto world. In 2013, during one of the bigger Bitcoin waves, they had to witness first-hand how hard it still was to acquire cryptocurrencies in Europe. Founded in 2014, it has become one of the favorite user brands. Bitpanda was previously named Coinimal and was founded in October 2014. Interestingly, Bitpanda has expanded its operations into precious metals sales such as Gold, Silver, and Palladium. As a specialist in buying and selling cryptos all around the Eurozone, it is operating only on the European market. An award-winning blogger with a track record of 10+ years. Buy Bitcoin Worldwide does not offer legal advice. It supports Bitcoin, ethereum, litecoin, Zcash and many other coins. Yes, Bitpanda has been around since 2014 and is definitely a legitimate platform for trading crypto assets. Next, the verification requires a stable Internet connection, a webcam or smartphone, and an accepted photo ID. Bitpanda has a large selection of payment methods: 1. Bitpanda is one of the most reputable cryptocurrency exchanges in 2021 – and it is quickly becoming one of the most popular due to its wide range of innovative features. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Home > Review > Bitpanda Review- Is it safe or scam to use. CoinSutra » Exchanges » Bitpanda Review: Is it a Safe Exchange or Scam? They also offer some of the best guides of any exchange on the market. Don’t forget to share it! Start the process to get your funds back TODAY ! Bitpanda is a safe and secure platform for your cryptocurrency exchange that will help you buy and sell different crypto coins using fiat currency. This platform has been around since 2014, maintaining a strong reputation throughout the years. In the relatively new world of cryptocurrrency exchanges, this makes it one of the older exchanges in Europe. Is Bitpanda a scam? Welcome to Blockchain and Bitcoin Information platform: CoinSutra. The company specializes in buying and selling Bitcoins, Ethereum, Gold, and over 50 other digital assets. CEX.IO allows for the buying of bitcoins for low fees via credit card. The site supports USD, EUR, GBP, CHF, and other fiat currency across the world. Bitpanda is a trustworthy exchange based within the EU, which lets users buy, sell, and trade cryptocurrencies using fiat currencies and digital tokens.Originally established back in 2014, under the name of Coinimal GmbH, it was later rebranded to Bitpanda. BitPanda exchange, previously known as Coinimal is an Austria-based cryptocurrency exchange that primarily services the European economic area. If you’re interested in trading amounts over €1 million and require specialized service, please fill out this form so we can review your requirements. SOFORT Transfer 2. For high volume traders, Bitpanda also offers over-the-counter (OTC) services. Bitpanda is a reputable exchange to buy, sell and store cryptocurrencies in the Eurozone. It is one of the most prominent crypto brokers that has been buying/selling cryptocurrencies in the European region since 2014. Visa/Mastercard Debit or Credit Card 3. Larger fiat deposits get stack in long checks. Customers from the USA cannot use Bitpanda. As soon as buyers/sellers make the required payments, appropriate currencies are delivered. That’s why, we at CoinSutra do the hard work of identifying, verifying and testing out the services to make your life easier. Thank you @Bank_Austria & @UniCredit_PR #fintech #BitPanda pic.twitter.com/U0zeQa15TG, Additionally, Bitpanda serves over 1.2 million customers worldwide and has a 4.6 star score on trustpilot as a result of 2,652 reviews. Unfortunately, there is no way around this compliance except to buy Bitcoins from someone you know or connect to online, but this can be a hassle and potentially dangerous if you don’t know the person very well. Is Bitpanda legit? Once you will withraw your gains you are not very popular. Bitpanda and Visa use state-of-the-art anti-fraud detection systems to keep your money as safe as possible. He has a background in both finance and technology and holds professional qualifications in Information technology. The exchange supports 30+ coins for purchase. This means users must provide Bitpanda with a picture of themselves as well as photos of their IDs and perhaps other documentation verifiying their identity. This is all thanks to the great team that this company’s top executive leaders have put together. Like most large exchanges and brokers who service many western countries, Bitpanda requires its users to submit to KYC/AML procedures. Using the other payment methods, you can buy up to 50 EUR per day. Scammed By bitpanda.bid ? For instance, if you deposit less than 0.05 Bitcoin, you will pay a wallet deposit fee of 0.0001BTC. A driving license is not sufficient for the verification. Customers can also purchase for free with bank transfers. Bitpanda offers good security protocols, such as 2-factor authentication and ID verification to enable credit card payments. Is it legit and genuine? Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. If you’ve had your own experience (good or bad) with Bitpanda, I’d love to hear about it in the comment section below. The official website that they have includes the legitimate website. The fact that the number of user complaints is so low proves that Bitpanda continues to consolidate its position as one of the most prominent exchanges. Bitpanda is one of the leading cryptocurrency exchanges in Europe, offering secure access to buying or selling cryptocurrencies at any time of the day. If you withdraw less than 0.0015BTC, you will pay a wallet withdrawal fee of .00049680 BTC. Bitpanda has customer support that responds quickly using the support request form on all pages of its website. Most notably, Bitpanda has never been hacked. eToro is a trading platform that supports users from nearly any country. Coinbase Pro is an exchange run by San Franisco based Coinbase. Credit/debit card buys, plus SOFORT, NETELLER, EPS or OBT are instant so your bitcoins will also be delivered almost immedietely. This means that as soon as the platform confirms payment, the cryptocurrency gets sent automatically to the buyer. As mentioned in this article, investors will always see gold as a safe investment when the world takes an economic downturn. eToro is a trading platform based in the United States. This post contains affiliate links. Coinbase was launched in 2012 in San Francisco, California.As a company operating in the United States, Coinbase is required to comply with U.S. laws and regulations, including state money transmission laws and regulations, the USA Patriot Act, the Bank Secrecy Act, and is registered with FinCEN as a Money Services Business. They were established in 2014 and are owned and operated by Bitpanda GmbH. (Source-Bitpanda website). Bitpanda reviews Bitcoin, as well as some other Bitpanda alternative coins. Like any organisation that is legitimate, Bitpanda will never ask for your login credentials or other sensitive personal data but scammers will — and they will sometimes go to great lengths to get this information from you. Bitpanda currently supports the following 25 cryptocurrencies on its platform and 4 fiat currency wallets for EUR, USD, CHF, & GBP. See more details on Bitpanda Plus here. However, what I found was more than that and upon further research understood that this service is worth looking into in detail. Is it safe to use Bitpanda? Credit card is the most popular payment method on Bitpanda. Your email address will not be published. It also features industry leading custody services. Verified Phone Number: With a verified mobile phone number you can buy bitcoins with any payment methods besides credit card. (2021), Bitpanda Credit Card Purchase Limit Increases To €10,000. You can learn about CoinSutra on the “About” page. They ask you many personal questions about your economy. Here is a sneak peek into the same: Getting started on Bitpanda is quite easy and similar to any fiat linked crypto service. For other payment methods, you can buy up to 5,000 EUR worth of bitcoins per day, and up to 75,000 EUR per month. Some of the official links to stay updated about Bitpanda exchange and related news: Like this post? Gemini is one of the most compliant, regulated exchanges on the planet. Upon the first login, you will see a dashboard like this: Under the wallet section, you will see that both crypto and fiat wallets are well managed: And lastly, under the charts section, you can see daily, weekly, monthly charts of all these cryptocurrencies, plus you can set price alerts for different cryptocurrencies also. Also, there weren’t cases of Bitpanda down. Bitpanda is a scam Bitpanda is a scam. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in fintech space. Yes, the exchange is legit, in addition, it was launched in cooperation with the Austrian authorities. Their customer support is pretty standard and so far I haven’t heard of any significant issues on it. Coinbase vs Bitpanda: General info. Bitpanda Metals also offers other features, such as recurring buys and 0% insurance and storage premiums. Bitpanda is a Bitcoin broker based in Austria. Conclusion about BitPanda BitPanda offers a nice range of cryptocurrencies which you can purchase instantly, rather than having to utilize one exchange for fiat purchases and the trading on another platform, you are able to purchase them directly on Bitpanda and then withdraw to your own wallet. Having said that, BitPanda is a safe, legitimate bitcoin exchange that’s easy to use, particularly if you’re just getting started with cryptocurrencies. Bitpanda is a legitimate trading platform licensed as a PSD2 payment service provider with the Austrian Financial Market Authority. I found out about this service while searching for services that offer buying/selling cryptocurrencies in Europe using credit/debit cards. Can I use Bitpanda in USA? bitpanda.bid is an unregulated Investment Company.Problem with unregulated Investment Companies is that they are not reliable and abuse the regulations. This means you are very unlikely to have your Bitcoins stolen or hacked. Namely, here are the payment options it supports: Amongst these payment methods, SEPA takes a day to confirm the payment while in the other payment methods the transactions and settlements are way quicker. Bitpanda is a renowned exchange that offers the possibility to store, buy, and sell a large number of cryptocurrencies securely through its web platform or mobile application. Or if you are a crypto Whale, you can trade on Bitpanda using their Bitpanda Plus service. Europe's first platform where you can invest in big-name stocks, anytime, with tight spreads and zero commissions. BitPanda supports EUR, GBP, CHF or USD. In a major boost to its users, Bitpanda has increased the purchase limit from €2500  to €10,000. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Required fields are marked *. Bitpanda is a very safe option for newbies and experienced bitcoiners alike. BItpanda is one of the very few European exchanges that lets users purchase cryptocurrencies, including Bitcoin, using a credit card. Bitpanda Review- Is it safe or scam to use ABHISHEK RAJBHAR. ARROGANT AND LAZY SERVICE. The main downside being the fact that they don’t support enough countries. Thankfully, Bitpanda’s KYC is minimal compared to comparable exchanges so the intrusion is relatively tolerable. But for now it can be broken into these steps (Source- Bitpanda): If you are a European crypto enthusiast and like to HODL or trade cryptocurrencies mentioned under the ‘supported cryptocurrencies’ section, Bitpanda is the way to go for it has made things very easy. 11 Best Cryptocurrency Exchanges In The World To Buy Any Altcoins, Top 10 Binance Alternatives: Crypto Exchanges Similar To Binance, FTX Exchange Review 2021 – A Breeze of Fresh Air. MXC Exchange Review 2021: Has It Got The Potential? Join CoinSutra Newsletter & learn about Blockchain & Bitcoin. May 18, 2020 Review. Because of this, Bitpanda offers very little privacy. Thông tin về sàn Bitpanda Pro, cách nhận biết sàn Bitpanda Pro lừa đảo (scam) hay không?, cách đăng ký tài khoản Bitpanda Pro, hướng dẫn giao dịch trên Bitpanda Pro Yes, Bitpanda is a legitimate business and safe place to buy and trade cryptocurrencies, especially if you are from EU. In addition, online transactions need to be confirmed by you with your CVV (visible on the back of the card) and an SMS code, while offline transactions need to be confirmed with your PIN. Plus, they have a comprehensive support helpdesk where you have several frequently asked questions & answers which you can DIY. It never hurts to diversify a portfolio with gold and silver, and Bitpanda makes it easy if you already have an account set up from buying crypto. They specialize in selling bitcoins for credit card to nearly anyone in the world. Outside Europe, there are only a few high-quality crypto exchanges (eg: CEX, Coinmama) that support buying cryptos using a credit card. Bitpanda’s founding members Eric Demuth, Paul Klanschek and Christian Trummer are cryptocurrency enthusiasts. When you buy gold from Bitpanda, it is physical gold. Bitpanda’s Customer Support & Review Conclusion. Our CEO @eric_demuth received the cheque for winning the #Alpbach #StartUp Award. Yes. Bitpanda is a fully automated platform. This site uses Akismet to reduce spam. Is bitpanda.bid Legit? We may receive compensation when you use Bitpanda. ... To ensure that everything is 100% safe, we use state-of-the-art technology, store your funds in secure offline wallets and … Today, it remains based in Vienna, Austria and has become the chief cryptocurrency broker in the EU for … What is Bitpanda? It has been active since 2015 and supports Bitcoin, Litecoin, Ether and Bcash trading. (2021). Check out the full list (current to August 2020) below. You guarantee to bitpanda.bid that you will not use this site in any illegal way and you agree to respect your local, national and international laws. Read about Affiliate disclosure here. Wallabit Media LLC and/or its owner/writers own Bitcoin. Just so you know, €10,000 is the daily limit, a huge amount, which is expected to further foster the growth of cryptocurrencies. Bitpanda Stocks is coming. This table compares Bitpanda to other popular credit card exchanges. Bitpanda has one of the best user interfaces of all the larger, more established crypto exchanges and brokers. As stated on the page, here are some benefits of Bitpanda Plus: Fees on Bitpanda is a bit on the higher side, and that’s precisely because it uses third-party payment services and credit cards which usually charge more fees for the movement of money. Coinmama is a bitcoin broker based in Israel. This is the trade-off you need to weigh before working with any broker. Only after the first transaction can you enjoy the increased limits. It takes time and meanwhile crypto rates change and you LOSE MONEY! Bitpanda offers different levels of verification based on how much information you give them. Buy Bitcoin Worldwide is for educational purposes only. You also have many options to withdraw your funds from the platform. Bitpanda Review: Is it a Safe Exchange or Scam? Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Since its inception in 2014, Bitpanda has grown to be one of the most popular cryptocurrency exchanges in Europe for the buying and selling of Bitcoin. Coinbase, available to users in over 55 countries as of 2021, is the world's largest Bitcoin broker. More specifically, the supported countries are: Albania, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, UAE, and the United Kingdom. Bitpanda supports buying and selling of all the top digital currencies that most traders are interested in. They are predominately active in Europe with several secure payment options about which I will discuss later in … Therefore, you shouldn’t suspect Bitpanda scam. The exchange is completely open and does not hide information about the … Fees on Bitpanda are baked into the price you are paying for the coin as opposed to an explicit fee being charged separately. Bitpanda offers an incredibly intuitive mobile and desktop experience, making buying and selling crypto super easy for anyone. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Disclosure. Luno is a Bitcoin broker that supports Europe, South Africa, Nigeria, Indoensia and Malaysia. Is Bitpanda Legit? This 2019 BitPanda review will cover every important aspect of the service, from its payment methods and fees to its security and customer support. They are located at Burggasse 116/3+3A, 1070. It is worth mentioning that cryptocurrency exchanges and related services are on a serious rise. SEPA, GIROPAY/EPS, iDEAL, SOFORT, NETELLER, Skrill, Zimpler, Visa, and Mastercard, SEPA, SOFORT, NETELLER, Skrill, Visa, and Mastercard, SEPA, NETELLER, Skrill, Visa, and Mastercard, Low fees for buying bitcoins with a credit/debit card in Europe, Fees are not displayed, just included in price. The BitPanda cryptocurrency exchange is not regulated by any reputable regulatory authorities. If you don’t see the coin you want, it may be worth checking out Bitpanda’s supported currency page to see if there are any updates since this writing. You need sent them a lot of documents. Bitpanda is completely automated. Perhaps the only one who does it better is Coinbase. On the other hand, buying cryptocurrencies on Bitpanda is currently available for European users within the Single Euro Payments Area (SEPA), consisting of the majority of EU member states as well as Iceland, Liechtenstein, Norway, Switzerland, and Monaco. You can tell from the different customer reviews that Bitpanda’s customers barely have an issue with the security of their money. Bitpanda is one of the exchanges that continues to invest in the security of its users. It is becoming rather arduous to track how many services are commencing their operations every day. Save my name, email, and website in this browser for the next time I comment. You can select any payment option that appeals to you and starts trading cryptocurrencies on Bitpanda once the verification is complete. Bitpanda supports a variety of payment options because its primary aim is to make buying/selling cryptos easy in Europe. With the banking sector becoming more cautious with regards to their relationship with cryptocurrency exchanges and services, having an option to purchase cryptos using a credit card and higher limit is a right step for the future of cryptocurrencies. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Bitpanda is based in Vienna, Austria. All of these minimums and maximums are different for every coin, so we don’t have time to outline all of them, but you can easily check your desired coin on Bitpanda’s limits page. The Vienna, Austria-based company has 900,000 users who … Bitpanda does charge a separate set of fees for transactions in and out of the platform. bitpanda.bid is not responsible or liable for any damages, losses and costs resulting from any violation of the conditions and terms and/or use of our website by a member. Plus, if they launch mobile apps for iOS and Android users it will be a win-win situation for both the company and the users. Their UI, I must say, is one of the cleanest interfaces I have ever seen in a crypto service. However, more stringent verification requirements also mean that the broker is not as private as other platforms. Disclosure: This post may contain affiliate links, which means we may receive a commission if you click a link and purchase something that we recommended.
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