Bitpanda is an Austrian company and offers the sale and purchase of Bitcoin and other crypto currencies since October 2014. Formerly under the name Coinimal and now as Bitpanda.
In addition to buying and selling Bitcoin over the Internet, Bitpanda offers the “Bitpanda to go” product. Under the name Bitpanda to go, Bitcoin vouchers in €50, €100 and €500 pieces can be purchased at over 1,700 Austrian post offices. See also “Bitpanda to go”
Under the name Bitpanda Swap it is possible to switch from coin to coin. See also Bitpanda Swap
Offered crypto currencies
The following crypto currencies can be bought or sold at Bitpanda as of May 2019
Bitcoin, Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether und USD Coin.
Create a Bitpanda account
The link Register can be found on the Bitpanda homepage.
You will then be taken to the registration page, where you must enter your email address.
Customers from Europe can buy Bitcoins from Bitpanda.
Bitcoins sales are available to customers worldwide.
You have reached starter status within the Bitpanda verification system. Starter status only allows the sale of crypto currencies, but not yet for the purchase of Bitcoins and other crypto currencies.
After logging in, you will be taken to the Bitpanda dashboard.
One has the Wallet-Anischt. Here the credit balance on the different crypto currencies is shown. Your last transactions and the QR code to make deposits on your crypto-wallet, which can then be sold at Bitpanda.
To buy Bitcoin with Fiat currencies (EUR, GBP, CHF or USD) you must be verified.
Verification is not required for a deposit of crypto currencies.
For verification, an identity check is carried out via video conference. You make a videophone call with a clerk, pointing your identity document and proof of residence into the camera. Video verification is carried out by external, specialised service providers such as IdentityTM or IDNow for Bitpanda.
At Bitpanda you have several crypto-wallets and a Euro-wallet.
To be able to buy Bitcoin from Bitpanda, the Euro-Wallet must be topped up. So a euro deposit can be made to Bitpanda.
The following payment methods are available for euro deposits:
- Credit card Mastercard / Visa
- Instant bank transfer
- SEPA Credit Transfer
The limits depend on the payment methods. The maximum daily limit is €10,000 for online deposits, €2,500 for credit cards and €49,999 for a SEPA bank transfer
Depending on the payment method, the transfer amount will be credited to the Euro-Wallet.
If you pay by instant bank transfer, the amount will be credited immediately.
If you use the SEPA credit transfer, it takes 2-3 bank working days to be credited.
The cost of the payment method used will be deducted from the subsequent euro credit. A deposit of €50,- will then be credited with €49,01, or just under 2%.
With a SEPA credit transfer, the entire transfer amount is credited.
Conditions / Prices
Bitpanda integrates its fees into the underlying Bitcoin exchange rate.
On 22.02.2018 the Bitcoin price on octopus was €8,597.90
Bitpanda provides the following courses at the same time:
purchase = €8,8883.70 = 0.0110 BTC for €100 = approx. 3.3% surcharge
Sale = €8,504.40 = 0.0118 BTC for €100 = approx. 1.1% surcharge
These courses also vary according to the chosen payment methods.
Bitcoin sales can be up to €1,000 per day without verification. With verification up to €500.000,- daily.
If the Bitcoins are sold to Bitpanda, the Euro credit can be paid out as follows
- SEPA Credit Transfer
- Amazon.com voucher
Sell Bitcoin to Bitpanda
To sell Bitcoin to Bitpanda, the Bitcoins must be transferred accordingly.
You enter the Bitcoin wallet and generate a BTC deposit address.
After confirmation, the Bitcoin amount is credited to the Wallet and can be sold.
To do so, select the respective coin and the desired payout method.
In addition to SEPA payouts, Bitpanda supports special payouts via Neteller or as Amazon vouchers.
Once you have selected Neteller as your payment method, click Next.
You must provide your Neteller email address or your Account ID.
and then receives the confirmation
After approximately 10 minutes, you will receive feedback from Neteller that the amount has been credited to the Neteller account.
Payout Amazon voucher
As payment you can choose an Amazon voucher code. This voucher code can be redeemed on the Amazon.de site.
After the Bitcoins have been sold, Binpanda waits 1 to 3 confirmations in the Blockchain network (about 10-30 minutes). Afterwards the Amazon.de voucher code is automatically sent to your email address.
You can redeem this voucher code yourself or give it away to friends and family.
To redeem the voucher code, go to www.amazon.de/gp/gc and click on “Redeem voucher” and enter the voucher code.
Your voucher credit will then be automatically credited to your next Amazon order.
You will receive confirmation from Bitpanda of the successful sale.
Bitpanda is a convincing Bitcoin exchange office. The Austrian provider has been active on the market since 2014 and also offers a Bitcoin voucher system as Bitpanda to go via the Austrian postal service.
The most common payment methods are offered for the purchase of Bitcoin & Crypto currencies.
Bitpanda gains absolute plus points when Bitcoin is sold and paid out as an Amazon voucher or to Neteller.
The conditions for the services are not quite as transparent and are integrated into the respective course.
The premium over the Bitcoin exchange Kraken is around 3.3% when buying Bitcoin and around 1.1% when selling Bitcoin.
Considering that Bitpanda bears the price risk for a certain period of time, the price for the settlement is absolutely justified.
Step-by-step instructions at Bitcoin-Kaufen.org: http://bitcoin-kaufen.org/bitpanda/
Go directly to Bitpanda (*): Bitpanda.com
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