BitPanda Review | Reliability, experience and explanation

After a series of articles on the current bear market (July 2022), it’s time for a review. Today we dive into the platform bitpanda. A very user-friendly, clear and fun platform. Both the site and the app are easy to use, so you can create an account in no time and have your investments ready. You can invest in cryptocurrencies, crypto index funds, stocks, ETFs and precious metals. Besides trading assets, you can also choose to learn about crypto and finance in general. Being a fully European company, founded in Austria, it is fully understandable to Dutch investors and also complies with our payment methods and laws and regulations. Do you have experience with Bitpanda, do you want to know more about it or are we missing something? Let us know in our community or send us a message. We like to think along with you and have only one goal: to inform you about AllesOverCrypto!

Take a quick look

Background Information Bitpanda

Bitpanda originated in 2014, so now about eight years ago. The three founders in Vienna, Austria, were convinced that it should be easier to invest. Making the investor market accessible was their main objective. After these years, we can conclude that user-friendly financial products are available to everyone through this platform.

The company now consists of more than 730 team members and has 3.5 million users. This makes it one of the fastest growing fintechs in Europe! Both beginners and experienced investors can get their money on the platform. You can invest in stocks, cryptocurrencies and metals, and the deposit amount is completely at your level; you can decide for yourself how much you want to invest. You can follow them further Twitter, if you find it interesting, but they can also be found on Facebook, LinkedIn, YouTube and Telegram. Do you already follow them on these channels?

Have Bitpanda

Bitpanda differs from other platforms because they make investing very accessible. You can deposit amounts in a simple, fast and cheap way, so you can start with a very small savings. What else does the team find distinctive about their platform?

  • PSD2 license for payment providers – read more about this license on De Nederlandsche Bank’s website;
  • State-of-the-art security methodologies;
  • Streamlined user experience.

Would you like to watch a video about Bitpanda and its range of investment products? Watch this video and in 2 minutes know where you stand:

The team behind Bitpanda

Bitpanda was founded by three driving forces, namely:

  • Erik Demuth
  • Paul Klanschek
  • Christian Drummer.

Erik Demuth

Eric Demuth is the co-founder and CEO of the platform. After studying International Finance in London and studying Business Administration and Management at Wirtschaftsuniversität Wien, he founded Bitpanda together with Paul and Christian. You follow him on LinkedIn or Twitter.

Paul Klanschek

Paul Klanschek is also the CEO of Bitpanda, as is Eric. He also studied at the Wirtschaftsuniversität, where he devoted himself entirely to finance. He completed a bachelor’s degree in Business Administration and Management and then a master’s degree in Finance and Accounting. You follow him too Twitter and LinkedIn.

Christian Drummer

Christian is the latest co-founder of the couple. He is now making himself useful as CTO and not much is known about him. You can follow him on LinkedIn, where he is not very active, or on Twitter.

Is Bitpanda reliable?

Bitpanda has seen tremendous growth in the past year. In just five months, the trio tripled its value to $4.1 billion. I have already described above that I have managed to get the necessary payment licenses and have built a gigantic organization. With a team of 730+ members, at least 50 nationalities and more than 3m5 million users worldwide… you can imagine anything!

Watch an introductory video of Bitpanda, which dates back to 2020, below:

What does Bitpanda have to offer?

Bitpanda is a user-friendly platform where you can trade anything. Whether you want to trade with crypto, shares or precious metals: Bitpanda is your partner in crime. On the website you will find a section where they list everything point by point. The overview looks like this:

  • Buy, sell or trade 100+ digital assets such as crypto, stocks, precious metals, ETFs and index funds;
  • Automate your investments with savings plans;
  • Invest in anything, from €1;
  • Extensive range of payment providers;
  • Withdraw in EUR, CHF, GPB, USD and TRY.

Sign up with Bitpanda

If you want to start trading with Bitpanda, sign up here. You fill in a standard form with information about your name, email address, etc. After that, you accept the terms and conditions, the privacy policy, and then you create an account. After registration, a KYC check is performed according to applicable laws and regulations. To do this, you must identify yourself and provide your payment information, as described here.

How can I buy crypto on Bitpanda?

On the platform you can buy the most famous crypto coins, such as:

In short, the crypto buying process looks like this. Let’s take Bitcoin as an example:

  1. Register on Bitpanda
  2. Go through the verification and deposit your money
  3. Buy Bitcoin (or one of the other 1000’s of digital assets)

Watch a video of Bitpanda below about buying assets on the platform:

Crypto Indices

The world’s first crypto index, you’ll find it at Bitpanda. In a simple way, automatically invest in several funds? You can now do it with the click of a button: super easy peasy lemon squeezer! By investing one amount in an index, you are effortlessly investing in a portfolio of leading cryptocurrencies. Diversity in market size and liquidity is sought by the algorithm. What are the advantages of this way of investing?

  • Diversity in your portfolio;
  • Don’t miss opportunities;
  • Fully active supported;
  • Control in your hands.

You can choose from different indexes, such as:

Or choose a slightly more general fund where you invest in the top 5, top 10 or top 25 cryptocurrencies. Suppose you choose to invest in the Metaverse Leaders. Currently, you will find the following five assets there: ApeCoin, The Sandbox, Theta Network, Decentraland and Axie Infinity Shard.

Investing in ETFs and stocks on Bitpanda

ETFs and stocks are also part of Bitpanda’s offering. This allows you to own fractional shares of companies regardless of the share price. You start investing from €1 and in a simple way. You can also invest when the market is closed, so it is very convenient. If you want to trade commission-free with tight spreads, you will experience the following benefits at Bitpanda:

  • No account fees
  • No administration fees
  • No listing fees
  • No FX fees
  • No commission on trades

Let’s take a look at the offer. There are tons of ETFs out there, so you can totally customize it to your liking. For example, you can invest in Solar Shares, Gold Mining Shares or Top 50 Euro Shares. European Real Estate, Nordic Shares and Cybersecurity Shares are also an option.

In addition to the ETFs, you also have the option of investing in the old-fashioned but effective shares. Think Apple, Microsoft, Alphabet, Tesla, UnitedHealth, Meta, Coca-Cola, PepsiCO and Thermo Fisher.

Investing in Precious Metals on Bitpanda

The final category we will cover here is precious metals investing. So what should you think about? Well, very simple actually! Gold, Silver, Palladium and Platinum are the options. By building a diverse portfolio, you also spread the risks. A good option for many people in the long run. Please note: this is not financial advice. Always do your own research and never rely on someone else’s opinion, investment or gut feeling!

Bitpanda card

Now that we have discussed all the investment options, we would also like to discuss the Bitpanda card. It is a payment card with which you can easily use your cryptocurrencies, metals and stocks. Of course, always saving is nothing!

You can link the card to Google Pay, Samsung Pay, Apple Pay, so you can always use your crypto contactless. Via the Bitpanda app, you can keep track of your expenses and track them in real time, so you can maintain an overview. The card is covered for Visa, so you can rely on a reliable and secure system.

Bitpanda Strike

Strike, can we remember what it is? Staking gives you the opportunity to put your money to good use. By participating in transaction validation on Proof-of-Stake blockchains (PoS), you will earn rewards. You can suspend your assets with just a click of a button. At the time of writing (July 2022), this option on the platform is still quite new, so you can now participate in betting with ten coins.

Watch a video from Bitpanda about the effort on their platform below:

Bitpanda savings plan

If you want to be smart with your money right away, you can follow the platform’s savings plan. You can configure the app to automatically build your digital assets by trading automatically. Here are the benefits:

  • Easily buy Bitcoin, Ethereum, Gold and other assets;
  • Enjoy the benefits of the average cost effect;
  • Pay by credit card or SEPA;
  • Easily create multiple savings plans;
  • Maximum flexibility;
  • Make use of the advantages of the crypto indices.

How does auto trading work on Bitpanda?

  1. Log in to your Bitpanda account
  2. Click on ‘savings plan’ and choose what you want to invest in
  3. Select currency and payment option
  4. Deposit money and click ‘go to overview’
  5. Verify the payment provider and you’re good to go!

Bitpanda Academy

Bitpanda Academy ensures that you not only build your wealth but also expand your knowledge. Choose between three levels (beginner, advanced or expert) or start taking Personal Finance lessons right away. Examples of the teaching:

  • What are assets and liabilities?
  • How do you prepare a household budget?
  • Three future scenarios for cryptocurrencies
  • What are market orders, limit orders and stop limit orders?

Conclusion

The Bitpanda platform is a very convenient option, especially for beginners. You can buy and sell without too much stress and you also have all kinds of options. From gold to crypto and from stocks to crypto index funds. The working method on the page and in the app is very intuitive, so you can easily navigate through the options. It is a European platform, so also suitable for use in the Netherlands; good connection and clear laws and regulations.

After you’ve registered, passed the KYC check and accepted the terms and conditions, it’s time to start trading. Do you also want to invest? Or you can immediately set up automatic savings so that you can make a monthly contribution to increase your capital. You can also efficiently use your assets through Bitpanda Staking.

You can also learn a lot on the site, because Bitpanda Academy teaches you everything you want to know. You can start with Private Finance or choose between lessons for beginners, experienced investors or experts. It all looks very bright and colorful too, so it’s super motivating!

Looking for more information or have questions about the BitPanda platform? Or would you like to meet other crypto enthusiasts? In our product’s free Discord channels Money Mastery from AllesOverCrypto you can ask questions and meet thousands of other crypto enthusiasts. Have other crypto-related questions? The easiest way is to look up your question in our FAQ. Another thing you can do is google your question + All about crypto. Let us know your thoughts on Bitpanda!”

Picture of Bitpanda Twitter


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