About Bitpanda

Bitpanda is a cryptocurrency exchange founded in 2014, formerly known as Coinimal. It boasts over 850,000 users and supports the exchange of fiat currencies for over ten cryptocurrencies.

Supported Fiat Currencies

Bitpanda allows users to exchange fiat currencies such as USD, GBP, EUR, and CHF for cryptocurrencies. Users can also sell cryptocurrencies using these fiat currencies.

Payment Options

Users have multiple payment options, including card payments, for purchasing cryptocurrencies on Bitpanda.

Fee Structure

Bitpanda does not charge fees for depositing fiat currency. There are also no fees for depositing cryptocurrencies above a certain amount. However, trading and withdrawal fees vary.

Security Features

Bitpanda offers the option to enable two-factor authentication, providing an additional layer of security for user accounts. However, some concerns have been raised about the security of Bitpanda's wallet. The wallet lacks hierarchical deterministic and multi-signature functionality, and user data is not encrypted.

User Experience

Bitpanda is known for its user-friendly and intuitive interface, making it accessible for both novice and experienced cryptocurrency users. It's important to note that cryptocurrency purchases on Bitpanda are currently limited to European users.