According to research, BitPanda has quite emerged as one of Europe’s most popular cryptocurrency exchange. The company, based in Austria only supports European members who want to do business on this site. One unique thing about this service is that it makes it quick and easy for you to buy and sell cryptocurrency using a credit card or via bank transfer. All you need to know about BitPanda cryptocurrency exchange have been detailed for you on this site.
One interesting thing about this service is that it offers quite a hefty payment options which allow marketers to trade on Bitcoin, Ethereum, and Dash. BitPanda also works more efficiently towards making sure that the payment process is been confirmed at a quick rate. That is why its privacy and security protocol is as effective, with a 2-factor authentication and ID verification which enables you to use credit cards for payments. Read further below so as to know more on the BitPanda cryptocurrency exchange.
What’s more about this BitPanda Cryptocurrency Exchange?
Just like stated before, BitPanda service is available worldwide but it should be noted that only those living in Europe can be able to make transactions on the site. Before you can be able to make transactions on each BitPanda account, you’ll have to pass through the process of status verification which determines the amount of money you can be able to deposit.
At first instance, your email account will be verified at first making you ineligible to buy Bitcoin. Once your phone number is been verified, you can then be able to buy cryptocurrency with any payment method but excluding credit card. Then the full ID verification now gives you the opportunity to make transactions even with a credit card.
The payment methods accepted by BitPanda are; Credit cards (Visa Card and MasterCard), SOFORT transfer, EPS, Giropay, Neteller, Skrill, OKPAY, SEPA, and Online Bank Transfer. This upgrade makes it the most cryptocurrency exchanges in the world. These payment methods vary with different kinds of transfer speeds. Take, for instance, if you’re making use of SOFORT, Neteller, EPS, or Online Bank Transfer, you’ll surely get your coins as quickly as possible compared to other payment methods, like SEPA which takes up to a full day to process its transaction.
Prior to the service fee which is not disclosed publicly, but it is been noted that anytime you want to make use of BitPanda as a route for your major purchases, you’ll be charged a 5% credit card fee. But if you decide to sell cryptocurrency on this site, you must make sure to add a low fee to the sale price if you want your transactions to be swiftly processed by BitPanda.
Since the BitPanda platform is fully automated, the support team has greater flexibility to respond to questions. If you have an issue, you can submit a ticket directly on the website with your name and email. This support ticket capability is available on all pages of the website.
Pros and cons
Some of the Pros and Cons of this service is been detailed for you below.
- The site is a fully automated platform with instant transactions.
- There are varieties of payment options or methods for you to choose from.
- The service is only limited to European members.
- The service fees are not disclosed publicly.
- There is lack of hierarchical deterministic (HD) and multi-signature protocols.
If you live in Europe and want to register via Bitpanda, you can go to the official site >>> BitPanda’s website and then click on “Get Started” so as to start your registration process.
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