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What is Bitpanda.com? | Scam or a Legit Smart Solution?

November 25, 2019 by admin Leave a Comment

This is a review of Bitpanda. What is Bitpanda.com? How does it work? What do they offer? Is it for you or should you look at other options instead? This is just a few of many questions this short review helps you answer!bitpanda.com review

Name of the company: Bitpanda
Official Website URL: https://www.bitpanda.com/en
Overall Rating: 4.3 out of 5 stars (4.3 / 5)
Recommended? : Yes



Important to mention before we go into more details of this review:

We always strongly recommend doing your own research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly before you make your decision.

P.S.

==> Learn about our Top 5 List of Gold & Silver & IRA Providers on this page <==

With that being said, let´s continue with the review on Bitpanda!


Intro

What is Bitpanda Metals? Does it offer the benefits that its owners claim it offers?  In this review, I will be addressing such questions in an attempt to help you have a broad understanding of what this company is all about. Below is an outline of everything I will cover herein:

–    What is Bitpanda Metals?
–    How does it work?
–    Which services does it offer?
–    How are its services priced?
–    Is it a genuine company?
–    What are its major pros and cons?

What is Bitpanda?

Bitpanda exists as a fintech company that came to birth in 2014. It previously went by the name Coinimal. This Vienna-based company is the brainchild of Eric Demuth, Paul Klanschek and Christian Trummer. Since its creation, this company has managed to bring on board 1 million customers. These customers rely on Bitpanda’s trading platform to achieve their moneymaking objectives. With the support of over 120 staff members, Bitpanda’s customers are guaranteed of excellent services.
Bitpanda boasts of a PSD2 payment system, streamlined experience, as well as top-notch security, all of which make it a suitable platform for use by both experts and novices in the trading arena. All users can buy Cryptocurrencies, such as Bitcoin and Ethereum, precious metals such as gold, as well as 30 other digital assets.

How does it work? 

Bitpanda employs ambitious staff members and places them in various departments within the company. These employees are excellent at service provision and are very passionate about ensuring Bitpanda continues advancing. This has led to Bitpanda being at the forefront of innovation and being the leading digital assets trading platform in the whole of Europe.What is Bitpanda
All new customers are required to create a new user account before they can begin trading. This company currently has what is known as the Global Exchange platform, where people from all corners of the world can purchase and trade in various digital assets and precious metals. The owners of Bitpanda perceive this platform as being a robust platform, and as being capable of handling large quantities of information.

Traders, however, get to only view the information that matters about their assets, such as:

–    Last price
–    Volume
–    24-hour price change
–    24-hour price chart

Everything on this platform is quite straightforward. Customers can use the Web app or Android app to access their accounts. If a customer wants to deposit funds, they can follow the steps outlined below:

  • Press the deposit button that is found at the top right corner, right below your profile icon.
  • This prompts you to select the currency that you want to deposit.
  • You can then transfer your funds from an external source of money or simply from a Bitpanda Platform Wallet ( for those people who previously had the Bitpanda Regular platform).
  • Press the “deposit now” button after entering the amount of currency you want to transfer.

As you can see, the processes are quite straightforward.


What is offered on this platform? 

Bitpanda has several features that contribute to its strong position in the market. These include:

  • Bitpanda To Go – this feature makes it possible for clients to purchase to buy cryptos with cash. One is only required to buy cash – equivalent coupon codes in any of the post offices in Austria and they can later redeem the codes for cryptos on the web app or Android app.
  • Bitpanda Swap – with this feature, you can easily swap your funds from one crypto account to the other.
  • Bitpanda Plus – All high net worth traders can rely on this feature to purchase large digital asset volumes at better rates in comparison with regular platforms.
  • Bitpanda Savings – this is a feature that is aimed at helping you grow your crypto portfolio by making you commit to saving a given amount of money each month. This money is used to purchase Bitcoin upon being deposited.

What is bitpanda.com

  • Bitpanda Metals – you can easily invest in precious metals at very low fees. The precious metal options availed are gold, silver, palladium, and platinum.
    The Bitpanda platform also offers lots of other features that anyone can rely on to grow the volume of their assets. These features are summarized below:
  • Buying, Selling and sending cryptos as well as other digital assets.
  • A fully compliant platform with a PSD2 license.
  • A wide variety of payment as well as payout service providers.
  • Clients can get paid through several currency options e.g: EUR, CHF, GBP, and USD.

Pricing and Fees 

feesAnyone who has used other trading platforms can tell that Bitpanda’s fees are above the market average. Currently, the rates applied to the purchase and sales of digital assets are :

Buying – 1.49%
Selling – 1.29%

As we saw earlier on, you can deposit your funds from the regular Bitpanda wallet or from an external source. With external sources, you should know that when using MasterCard or Visa, Bitpanda charges a 1.50% commission for every deposit. Direct cash transfers from your bank account are however free.

P.S.

(If you are interested in Precious Metals and/or Bitcoin IRA solutions)

==> this company got the lowest fees for Bitcoin + completely waives your fees for up to the first 3 years recommendation


Is it legit and genuine? 

Yes. Bitpanda Metals is a genuine platform that has sufficient security measures. You can tell from the different customer reviews that Bitpanda’s customers barely have an issue with the security of their money. This is all thanks to the great team that this company’s top executive leaders have put together.

Bitpanda’s operations are overseen by :

–    Eric Demuth – The Chief Executive Officer
–    Paul Klanschek- Chief Executive Officer
–    Christian Trummer – Chief Technology Officer

This platform has a (4.5/5) star rating on Trustpilot, which is excellent. Since this rating is based on more than 1000 customer reviews it is only fair to say that Bitpanda is genuine and has so far fulfilled its mandate as far as service provision is concerned.

Want to see what Precious Metals and Cryptocurrency solution is #1 rated online? 

==> Learn more about the #1 rated company on this page


Pros and cons 

It might be wise to compare the positives against the negatives to get a better overall view o something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:

Pros

  • Low fees for customers in Europe
  • Lots of Payment options ( credit and debit cards, SOFORT Transfer, NETELLER, Skrill, OBT, SEPA Transfer, GIROPAY/ EPS)
  • High liquidity
  • Easy to use
  • Lots of digital currencies supported.
  • Many great services (such as auto-saving, etc)

Cons

  • Relatively high fees in comparison to other exchanges.
  • USA clients can NOT use this platform (legal restrictions)

Do You Own or represent Bitpanda.com?

If you are a representative, or associate of Bitpanda and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.


Final words and verdict

Verdict: Legit

Overall rating: 4.3 out of 5 stars (4.3 / 5)

Ok, I think that sums up the overall view of Bitpanda.com pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.

You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.

What I would recommend?

There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.

You can find the best from 2 worlds that we can recommend below:

==> Learn about our #1 Recommended (physical) Gold & Crypto Dealer <==

Or,

==> If you want to invest in the Metals, Mining and Energy then this is our #1 recommendation


I hope you found this short review of Bitpanda.com to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!

I wish you success!

Michael,

founder of: Goldretired.com

Filed Under: Crypto, Gold

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