We have also gathered many www.bitpania.com different perspectives from current and previous Bitpanda clients. Yes, Bitpanda is a fully regulated European platform, licensed under MiFID II, PSD2, and MiCAR, making it a secure and legitimate choice for EU-based crypto investors. Many Bitpanda Trustpilot reviews reflect its trustworthy reputation. Read our list of top no-fee cryptocurrency exchanges for cost-effective crypto trading and investing. Bitpanda prioritizes security by utilizing cutting-edge measures to safeguard user assets and data.
If you are looking to trade with higher leverage, we recommend checking out Plus500 or Pepperstone. Since launching 12 years ago, Bankless Times has brought unbiased news and leading comparison in the crypto & financial markets. Our articles and guides are based on high quality, fact checked research with our readers best interests at heart, and we seek to apply our vigorous journalistic standards to all of our efforts. Before creating your account, confirm that Bitpanda’s services are available in your region. You can easily check this through our Bitpanda Country Checker tool to avoid any location-based restrictions.
Nonetheless, there is no investor compensation scheme involved, which means that if Bitpanda goes bankrupt, you may lose all your money. Plus, Bitpanda is the sole counterparty to payment claims arising from OTC products. Bitpanda Stocks cannot be traded on stock exchanges or other trading venues. Fraudulent brokers often create websites or apps designed to look identical to real trading tools.
The ranking is determined by various factors, such as the overall rating on the site, the number of reviews, the business’s activity in managing reviews, engagement with customers, and more. The average trading fee for cryptocurrencies on Bitpanda is 1.49%. This fee structure is competitive within the cryptocurrency trading space.
Mobile apps on both iOS and Android work well, have no unnecessary features and are visually appealing as well. Desktop browser client’s feature set is somewhat limited, but the UI is very clean and all the core functions you would expect to be there are present and work flawlessly. Bitpanda also enjoys a great customer rating with an average of 4,4 stars out of 5 on Trustpilot (and while at it, please help us get better by leaving Fintech Compass a review too!). If you leave your money with them forever and are willing to pay high fees, great do it. If you want to eventually transfer your crypto, they will simply forbid it.
Very Supportive
The publishers of the ScamDoc site do not intervene to influence this score on a particular site or email.Website owners can request a review of the score by providing additional information via this form. Full identity verification is required before depositing or trading. Margin trading is available with limited options and up to 10x leverage. Bitpanda is fully regulated in Europe, uses cold storage, follows strict EU laws and has never experienced a security breach. We strive to keep this information up-to-date, but regulations may change.
The wallet supports 400+ digital assets, including popular cryptocurrencies like BTC, ETH, SOL, and many others. For USD deposits, it supports only Skrill, Visa, Mastercard, and bank transfers. You can check the full list of supported payment methods here based on your local fiat currency. To give a better user experience, the trading engine leverages on speed, security, and reliability.
Is Bitpanda Regulated?
The products they sell are also good, lots to choose from, the financial advice they give is sound and accurate. The products they offer are wide and varied to suit all investors – the membership rewards used to be excellent, not so good these days since they merged with the Coop. The app supports buying, selling, staking, deposits and withdrawals. User accounts are protected through modern password hashing, two factor authentication and detailed session monitoring.
It allows users to spend cryptocurrencies, stocks, or metals directly at retailers. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
After they realize that you don’t have any more money to give or don’t want to, they will cut ties with you by blocking you from the login page and by not replying to your messages. Warranreclaim.com, a professional digital asset recovery service, has built a strong reputation for helping victims trace, identify, and recover stolen cryptocurrencies from scams like Bitpania.com. Their forensic analysts utilize advanced blockchain intelligence tools and ethical hacking protocols to locate stolen assets and establish verifiable wallet trails. However, eToro is more focused on stocks than Bitpanda and only supports some 30+ digital currencies, while Bitpanda has around 300 cryptos for instant trading and 50 coins for pro trading.
For example, the user interface, wallets, or centralized databases can still be vulnerable to attacks. Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services. The material on this website is for informational purposes only and we make no guarantees as to the accuracy or completeness of its content – it is subject to change, so please conduct your own due diligence. This website is free to use but we may receive commission from some of the merchants mentioned. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
They build websites with celebrities or high return promises to collect your contact information. Once they have your details, they will pass it on to forex brokers like Bitpania, and their sales team will make their first contact using high pressure selling tactics. Once you make your first deposit, you will be transferred to the retention department and they will try to get as much money as they can from you.
This should not really be a problem though as the amount is so small (0.05BTC). There is also a tiny cryptocurrency “wallet withdraw” fee that is added on top of the mining network fees. They were established in 2014 and are owned and operated by Bitpanda GmbH. In the relatively new world of cryptocurrency exchanges, this makes it one of the older exchanges in Europe. Simple and intuitive, this platform is designed for investors with little experience or those who are entering the world of online trading for the first time. There are no deposit fees, but there is an ATM withdrawal fee of £1.50.
Users can invest in indices such as BCI DeFi leaders, BCI Smart Contract Leaders, and many more. These indices cover the most popular cryptocurrencies in various sectors, such as DeFi and smart contracts. Let’s go through a step-by-step review of Bitpanda to learn everything you need about the platform’s services and features. Bitpanda has received praise for its security features, including two-factor authentication (2FA), cold storage, and regulatory compliance.