Bitpanda Review 2019: Safe Exchange? | What I Found Out

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πŸ“˜ Bitpanda Review πŸ‘‰ : https://www.coinbureau.com/review/bitpanda/

BitPanda is a crypto exchange that is based in Vienna and was established in 2014.

They are a registered Austrian company which means that they can take users from all over the European Union.

In terms of security, they have not suffered any hacks. They appear to offer most of the standard security protocols on the exchange side including cold wallets, DDoS protection and multisig wallets.

They also have standard user side security such as two factor authentication and browser / IP brute forcing protections.

In terms of fees, they have a pretty standard trading fee structure. They charge a flat 1.49% for a buy order and 1.29% for a sell order. These are higher than the other exchanges that we have covered.

There are no fees that come with a fiat deposit / withdrawal but there are surprisingly fees applied to crypto deposits.

In terms of crypto coverage, they seem to have a pretty respectable list of coins that you can buy. There are over 16 cryptocurrencies that they offer on their platform and this seems to be expanding.

In terms of Fiat deposit options, there are a number of options. These include credit card, Sepa wires, Skrill, Neteller and even a cash deposit at Austrian post offices.

Take note that BitPanda is a full KYC exchange. They will need to you to submit identity documents if you want to buy crypto.

In order to complete this KYC, they will require some form of personal ID and address verification. How long this will take to process depends on their customer support backlog.

This customer support can be reached through a number of different mediums including contact forms, live chats, and email tickets.

In terms of the trading technology, BitPanda has a pretty simple trading interface. They do not operate order books and when you buy coins, you are buying it right from them.

This means that they are the market maker and the price that you are buying it at may be different from the price on other exchanges.

They do have charting integration from tradingview. However, given that these are simple buy / sell orders, you are severely limited in the amount of technical trading that you can do.

For those who trade on-the-go, Bitpanda also has a mobile app which has the same functionality as their online platform.

Bitpanda also has an OTC desk for those clients who want to clear larger block crypto trades.

In summary, Bitpanda could be a good fiat gateway for a number of smaller Altcoins in Europe. However, their relatively high trading fees and limited platform functionality may annoy some people.

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Disclaimer:
This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

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