Bitpanda is a retail trading broker that focuses on the online trading of multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, DASH, Ethereum Classic, Stellar, Tether, and others, via the proprietary Bitpanda trading platform, along with a range of useful trading tools. The Exchange was launched in 2014 and has grown significantly, serving over 1.2 million clients from around 41 countries of the world.
Bitpanda Review Introduction
In this Bitpanda review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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Bitpanda Platforms & Tools
Bitpanda has an in-house-developed trading platform, which enables traders to seamlessly trade a wide range of cryptocurrencies. The platform has a user-friendly interface, making it easy for newbies to easily navigate through it. There is also the Bitpanda Pro that is designed for professionals and businesses where they can trade and connect trading bots to APIs.
Both the Bitpanda trading platform and the Bitpanda Pro use TradingView’s charting tools to visualize trading data. The Exchange makes the platforms available as desktop applications for Windows and Mac computers and a mobile app that is designed for Android and iOS devices, which can be downloaded from the respective app stores. The mobile app aims to narrow down the full functionality of the platform to the screens of mobile handheld devices so that traders can trade on the move.
Clients also benefit from some useful trading tools, including API and TradingView that help to enhance clients’ trading experience.
Bitpanda Research & Education
The ‘Learn’ section of the Exchange’s website has a trading academy with a selection of trading articles and lessons for all levels of traders. The website also contains News and Press Releases that update traders on the latest happenings in the financial markets.
Bitpanda Trading Accounts
The Exchange gives traders access to create the Bitpanda Client Account. Persons interested in using Bitpanda Pro have to become Bitpanda clients first before they can create a Bitpanda Pro Exchange Account.
Bitpanda Account Funding
Traders can deposit and withdraw funds using any of the following payment methods:
- Bank transfer
- Credit/Debit cards, including Visa and MasterCard
- E-payment channels, such as Neteller and Skrill
Some payment methods may be available for both deposits and withdrawals, whereas the transaction processing time is dependent on the payment method used.
Bitpanda Customer Service
The Bitpanda client support team can be reached through a support ticket system, wherein users fill out an online form that is sent to the support team via email.
There are no regulatory laws on the Exchange’s website at the moment, and this may not go down well with professionals who would like to trade with only regulated exchanges. However, cryptocurrency regulation is still nascent.
Bitpanda Review Summary
Bitpanda is a cryptocurrency exchange that is based in Austria and has been operating since 2014. The Exchange provides clients with the proprietary Bitpanda trading platform for trading over 30 different cryptocurrencies. The platform is available in the desktop and mobile versions. They also provide clients with a few useful trading tools and educational resources, as well as a customer support team. However, Bitpanda is unregulated which may be a red flag for some potential clients.
It is worth mentioning that some of the trading products and services in this Bitpanda review may differ or not be available to traders in some countries due to regulations. As the broker’s terms can change over time, please verify all information is up to date directly from the Bitpanda broker website which you can visit by using the link below.
The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results.