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BitPanda Review is an established EU-based cryptocurrency broker
Read 100% Free BitPanda Review Review by Scamorno Team
FULL REVIEW OF BitPanda Review
Would you like to find out more about the BitPanda cryptocurrency exchange, and whether or not you can really trust this exchange with your money? Bitpanda, which was formerly known as Coinimal, is a crypto company from Vienna, Austria.
We found out about this service while searching for services that offer buying/selling cryptocurrencies services in Europe using credit/debit cards. However, what we found was more than that and upon further research understood that this platform is worth looking into in detail. It is one of the most prominent crypto brokers that has been buying and selling cryptocurrencies in the European region since 2014.
What Exactly is The BitPanda All About?
Bitpanda is a 100% automated platform. As soon as buyers/sellers pay the required amounts, appropriate currencies are delivered. They are predominately active in Europe with several secure payment options about which we will discuss later.
Who Are Bitpanda’s Founders?
Bitpanda’s founding members are above, Eric Demuth, Paul Klanschek and Christian Trummer are cryptocurrency enthusiasts. In 2013, during one of the largest Bitcoin waves, they had to witness first-hand how hard it still was to acquire cryptocurrencies in Europe. This deficiency in the market led to the idea of Bitpanda, and after a long coordination, phase in consultation with the local authorities, Bitpanda was created as Coinimal GmbH in December 2014.
How Do You Start Trading On BitPanda?
Getting started on Bitpanda is very easy and similar to any fiat linked crypto service. But for now it can be broken into these couple of steps:
- The first part of the verification requires the following information from you: a mobile number accepted by them, an email address and personal data.
- The verification also includes of a video identification procedure. This is done by their partner companies. You can choose the options between IdentityTM and IDNow, and you will be connected to the appropriate provider immediately after selecting your available document.
- Next, the verification requires a stable Internet connection, a smartphone or webcam, and an accepted photo ID. A driving license is not required for the verification.
The Bitpanda exchange is for everyone. If you are a European crypto enthusiast and like to “HODL” or trade cryptocurrencies mentioned under the ‘supported cryptocurrencies’ section, Bitpanda exchange is the way to go for it has made things very easy.
You can choose any payment option that appeals to you and starts trading cryptocurrencies on Bitpanda once the verification is complete. Or if you are a crypto Whale, you can trade on the Bitpanda platform using their Bitpanda Plus service. This service also provides you with access to their OTC service where one can trade currencies at higher volumes (above €1 Million). See more details on Bitpanda Plus here.
Review Verdict: BitPanda is a legitimate platform that works
Consumer Fraud Alert Regarding BitPanda
The success of BitPanda has given rise to many frauds who try to sell their own fake websites in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about BitPanda , yet the write-up is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://BitPanda.com/Official (link opens in a new window). The official website that they have includes the legitimate website.
Conclusion about BitPanda
BitPanda offers a nice range of cryptocurrencies which you can purchase instantly, rather than having to utilize one exchange for fiat purchases and the trading on another platform, you are able to purchase them directly on Bitpanda and then withdraw to your own wallet. If you would like to start investing in gold or 30+ of the top cryptocurrencies from a reliable platform, we would highly recommend you to learn more about BitPanda at the button link below!
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