Bitpanda Pro Cryptocurrency Exchange Review : Pros & Cons

About Bitpanda Pro

Bitpanda Pro is a digital asset exchange designed to serve experienced traders, professionals, and institutions. At Bitpanda, they see investing differently. Today’s financial system is complex, exclusive and expensive – making it hard for the typical person to start investing. So, they’re building a platform without digital walls and complex barriers. A platform that empowers you to see new possibilities for your money – and helps make them a reality. Bitpanda was founded in 2014 in Vienna, Austria with the aim of making investing accessible for everyone.

Your goals since day one was to reimagine what it means to invest, by making simple, easy-to-use financial products for everyone. Now, 8 years later, and with more than 700 team members and 4 million users, they’re one of the fastest growing fintechs in Europe. With a PSD2 payment service provider licence and E-Money licence, state-of-the-art security and streamlined user experience, they make it possible for both first-time investors and seasoned experts to invest in what they believe in. 

Information Table

How To Register At Bitpanda Pro Exchange?

To register on Bitpanda Pro, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Bitpanda Pro Cryptocurrency Account ?

There is no mandatory verification at Bitpanda Pro, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitpanda Pro, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Bitpanda Pro Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Bitpanda Pro Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Bitpanda Pro Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Fees

Features Of Bitpanda Pro Crypto Exchange

Available At Android & IOS Store

Bitpanda Pro Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Advanced Trading

Bitpanda Pro offers advanced trading features such as limit and market orders, charting tools, and a wide range of trading pairs, including fiat-to-crypto pairs.

Security and Compliance

The platform provides users with a high level of security and compliance, including 2FA, cold storage, and regulatory compliance.

User-Friendly Interface

Bitpanda Pro has a user-friendly interface that is easy to navigate, making it accessible to both beginner and advanced traders.

Competitive Fees

Bitpanda Pro has competitive trading fees, which are based on a user’s trading volume and can be reduced by using the platform’s native token, BEST.

High Liquidity

Bitpanda Pro has high liquidity, which means that users can quickly and easily buy or sell cryptocurrencies without experiencing significant price fluctuations.

24/7 Customer Support

The platform provides users with 24/7 customer support via email and live chat, ensuring that users can get help when they need it.

API Access

Bitpanda Pro provides users with API access, which allows for the integration of trading bots and other third-party applications.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Bitpanda Pro Conclusion

Bitpanda Pro is a cryptocurrency exchange platform that provides advanced trading features, a user-friendly interface, and a high level of security and compliance. The platform caters to both beginner and advanced traders and offers a range of trading pairs, including fiat-to-crypto pairs.

Overall, Bitpanda Pro is a reputable exchange that is well-suited for users who are looking for a reliable and secure platform to trade cryptocurrency. However, as with any exchange, users should be aware of the risks involved in trading cryptocurrency and should take appropriate measures to secure their accounts and assets.