Who hasn't heard of Bitpanda Today? Created in 2014 in Austria, it can now be proud of having managed to conquer the hearts of European users, and French ones, in particular. With more than 150 employees, the company now has more than a million customers.
Since the company received its AMF license in France (as well as its European PSD2 license), it has indeed become very practical for French people because they do not need to declare having an account abroad. Let's also remember that the site is available in French, and that too is a detail that may be important for users. This is certainly what explains why the site's user base continues to grow.
Moreover, we very often recommend the BitPanda platform for beginners and not only in fact. The more we move forward in time, the more Bitpanda is getting bigger. After launching its multi-cryptocurrency BitPanda bank card, the platform is launching a new stock purchase service.
All that was missing was to make it one of the most complete platforms in terms of service, like Binance for example.
Thus, we can largely say that BitPanda is clearly one of the leaders in the field.
Let's see in this article, how to use Bitpanda and how to take advantage of all these benefits and services.
Buy multiple asset types on the BitPanda platform
What is very practical with BitPanda is that of course you can buy cryptocurrencies, but you can also buy precious metals such as gold, silver and even platinum. Now, and this is also what motivated us to write this new article, is that we can buy shares.
Also, Bitpanda has an advanced trading platform (for intermediate and professional traders). By registering on Bitpanda classic, you can then have access to BitPanda Global Exchange by clicking on a simple tab. It is on this platform that you will have access to a much wider choice of new cryptos and tokens to trade.
So, depending on our uses, we can choose to stay on the simplified platform to make our purchases and resales and in the event that we want to trade cryptocurrencies, we can then switch to the trading platform.
Convenient, isn't it?
Now, let's see the types of assets that can be purchased on BitPanda.
Buy cryptocurrencies
You can therefore buy/sell more than 30 different cryptocurrencies and 4 types of metals. This means that one can buy classic cryptocurrencies like Bitcoin and Ethereum. You can also buy Chainlink, IOTA, Cardano, Qtum, Ripple, Komodo, Dogecoin or evenAvalanches (AVAX). New cryptocurrencies are regularly added.
Those that we can buy on the platform are already quite substantial and solid for beginners in any case. These are the essential cryptocurrencies that you must have in your portfolio, we could say without this being financial advice (yes!).
What's really great about BitPanda is its ease of use. Even a complete beginner who has never bought bitcoin for example and who has never even used an exchange platform can easily find their way around BitPanda.
Everything is clearly visible, everything is well ordered and organized with a simple and pleasant interface. A must-have for a platform of this type.
In addition, you can buy cryptocurrencies with several payment methods. You can pay by bank transfer, by instant purchase by credit card, or by other methods such as Skrill or Neteller for example.
More than 30 payment methods are available. You will certainly find the method that you like the most!
Buy Stocks and ETFs on BitPanda from 1 euro:
Now, as you know, you can buy stocks. It's just as easy to buy cryptocurrencies as it is to buy stocks, as you'll see.
You can therefore buy shares in Amazon, Apple, McDonalds or Netflix to name only the best known. You can now buy them from 1 euro. Here again, BitPanda was able to democratize access to stock market investment for all.
The big advantages of buying Stocks and ETFs on BitPanda are:
- There are no account fees
- No management fees either
- There are no listing fees
- You don't have to pay exchange fees
- No fees on distributions or other payments
- No commission on trades
Buy indices
This is certainly our favorite thing to do as an investment on zonebitcoin. We enjoy investing in indices because it allows us to invest directly in multiple cryptocurrencies without having to do so individually.
So, this is for example what we do on the site Iconomi ( see the video Iconomi if you prefer video format) and we also do that on Bitpanda.
For example, by investing in the BCI5 index, which, as you see in the graph, has gained meteorically this year. This is explained by the crazy rise in bitcoin in 2021 which, among other things, makes up this index. In the BCI5, we have 5 cryptocurrencies to be exact including Bitcoin, Polkadot, BNB, Ethereum and Litecoin.
There are various other indices and if you want to invest like this, then this is a very good opportunity to do so on the platform.
If you had invested 1000 euros a year ago in this index which gained 413%, then today you would have
How to register and validate your account on BitPanda?
If like us, you also want to register on BitPanda, then know that it is very simple to register on BitPanda.
You can immediately make deposits into your account without sending any documents but this is only possible if you deposit cryptos (and not euros for example). In this case, you will need to complete the KYC procedure.
You should know that you are not required to send your identity documents (KYC) to use the platform. This will depend on the amounts you wish to withdraw. So, you have different types of account (unverified, simple verification or standard verification). As with most other sites, the more verified your profile is, the higher limits you will have.
How to sell cryptocurrencies and recover euros on BitPanda?
The good thing about Bitpanda is that you can certainly buy cryptocurrencies but you can also sell them just as easily.
Thus, you will be able to sell your cryptocurrencies as you wish or part of them and receive the equivalent amount in euros. From there, you can withdraw your euros using the method of your choice.
You can send it by SEPA bank transfer and receive your euros on your traditional bank account for example. It takes between 2 and 5 business days to receive your money in your bank and start spending it.
How to receive and send cryptocurrencies:
To send cryptocurrencies, nothing could be simpler. You need to go to the wallet of your choice and click on "Withdraw" and indicate the address to which you want to send your cryptos. You must also mention the desired amount.
For greater security, we will ask you to validate your transaction via the confirmation email. Then, after the transaction has been validated on the blockchain, you have confirmation and your cryptos have been sent.
It's that simple if you want to receive cryptocurrencies on BitPanda. You must click on the wallet of your choice.
Then, as you see, you can swap, sell or even buy cryptocurrencies of your choice.
How to receive cryptocurrencies on BitPanda: What you need to know
Yes, as with many platforms, there are sometimes deposit thresholds to respect depending on the cryptocurrencies.
Even if it is a generality we still prefer to remind you of it. Each time, check what is the minimum amount you can send to this address.
You will also have the fees displayed to you. Fees vary depending on cryptos and networks naturally. You will be able to reduce your costs by having BEST in your wallet.
Final word on BitPanda: the ideal platform?
We admit that we are delighted that BitPanda has released this new service. We have been using this platform for years because we immediately found it very practical. Whether it is to buy cryptocurrencies or to sell them and receive them in cash/euros in our bank accounts, we have rarely found a simpler and more understandable platform.
We recommend it to all cryptocurrency users, whether novice or experienced.
Likewise, and to finish this article which we hope will help you see things more clearly, we think that investing in BitPanda's native token: BEST is a good opportunity to seize.
We have already gained a lot with it and as users grow and the demand for this token continues to grow, it is experiencing a significant increase.
Judge by yourself :
We imagine that each year, given the growing user rate, we can still expect a nice increase.
In addition, the advantage of having BEST is that your costs will be reduced on the platform. Personally, it is the crypto in which we invest the most.
Likewise, to conclude our opinion on Bitpanda, we can tell you about some very practical services such as the crypto savings plan. This allows you to buy cryptocurrencies regularly and automatically. This is what we do and we are delighted with it. Every month we invest and given the rise in cryptocurrencies, you will agree that we have made a good investment overall, right?
So, what do you think?
Are you also going to take action (no pun intended)?