The leading European exchange Bitpanda, with over 3 million users, has announced a revolutionary innovation: the elimination of deposit and withdrawal fees for all digital currencies available on the platform.
Short description
The Bitpanda exchange was founded in 2014 and stands out for its intuitive and user-friendly interface, which makes it accessible even to beginners. The services offered are different and make it very complete:
- buy/sell well over 100 cryptocurrencies
- margin trading
- Bitpanda Pro for advanced trading
- Savings, to earn interest on your cryptocurrencies
- Card, a prepaid debit card on the VISA circuit
- Investing in stocks, ETFs, precious metals, commodities and leverage
Standing out are the sponsor launched a few months ago with Bayern Munich and the recent partnership with the traditional bank Raiffeisenlandesbank Niederosterreich-Wien (RLB NO-Wien) to offer crypto trading from the Mein ELBA app.
Depending on the level you are in, there are transaction fees:
1.49% for Standard, 0.25% Plus and 0.10% PRO for maker 0.15% taker.
For the Bitpanda Card, however, the cost is €9.90 for issuance, 2% for currency exchange and €2.50 for ATM withdrawal.
Who is it recommended for?
I would confidently say that it is excellent for beginners and occasional investors looking for a safe, complete and reliable exchange.
However, it is not recommended for expert traders due to the not very low commissions on transactions.
The Bitpanda Card is certainly not among the best for both cashback and its commissions.
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