Buy bitcoins with Bitpanda, bitcoins the digital currency

Friday, April 17, 2020
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Throughout recent history, there have been times when sourcing a resource or commodity could bring a person a huge amount of wealth. From the gold rush, to stocks and shares, the list is quite vast. However, there has been none in recent memory that is similar to Bitcoin and the digital currency revolution.

What is Bitcoin?

If you are reading this, you most probably know and understand what bitcoin is. But for any who don’t, bitcoin is a digital currency that has been around for the last 11 years. It was created in 2009 by a developer that uses the name Satoshi Nakamoto.

The premise of Bitcoin is that it is a more contemporary way for society to utilise currency. It’s completely digital and is decentralised from government-issued currencies.

The popularity of Bitcoin soared since its first creation, meaning some people who bought coins at a lower rate made a lot of money. This gave rise to another form of investment around digital currencies. One of the ways for people to trade and exchange cryptocurrencies is through Bitpanda, which is what this article is about. Read on below to find out more about how the platform works.

Bitpanda

Bitpanda has been around since 2014 and is a well respected exchange. It allows people within the Eurozone to sell and buy cryptocurrencies. There are more than 900,000 people who utilise the Vienna based company.

What is Bitpanda?

Bitpanda is a website and an app that makes it straightforward and easy for people to buy and sell cryptocurrency. The platform is fully automated, this means that currency is sent to the buyer straight away once payment has been confirmed.

When the company was first established, the aim was to make buying and selling cryptocurrencies easier, faster, and safer within the eurozone market. At the time when bitpanda was established, this process was long and difficult, which the company addressed head on.

The interface of Bitpanda is uncluttered and fairly easy to navigate. It runs at a very high speed and transactions can be processed straight away. In terms of customer support, the company receives good reviews around the speed of response and the helpfulness.

The platform is available to users all over the world, however, there are limits on what can be done for people outside the EU. EU residents that are within the SEPA have full access. Unfortunately, users not in the EU are only able to use their account for the storing and sending of cryptocurrency.

What services do Bitpanda offer?

The main conception of the company was as a broker, that allows customers to buy and sell cryptocurrency. This system works by Bitpanda supplying the buyer with the coins directly. This differs from a trading platform, where you would buy the currency from other traders.

Bitpanda to Go

This service lets a person buy cryptocurrency with traditional cash. A person in Austria could visit a post office and buy a coupon which can then be used on Bitpanda to buy cryptocurrency.

BitPanda Savings

By buying Bitcoin and wider digital currencies, Bitpanda helps a person create a savings plan and commit a set figure to it every month.

Bitpanda Metals

With this service, a person can diversify their portfolio and purchase physical and insured precious metals. Utilising this service also allows them to trade gold and solver with another Bitpanda digital asset.

Bitpanda Swap

In an instant a person can trade one cryptocurrency for another. This has no limitations on the size of the transaction.

Bitpanda Plus

For people with more capital behind them, this product allows an individual to buy a large sum of Bitcoin, at a better rate than the other platform.

What cryptocurrencies can you buy on Bitpanda?

Alongside bitcoin, a user can buy and sell the following currencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • IOTA (MIOTA)
  • EOS (EOS)
  • Dash (DASH)
  • Stellar (XLM)
  • Zcash (ZEC)
  • NEM (XEM)
  • Augur (REP)
  • 0x (ZRX)
  • Tezos (XTZ)
  • OmiseGO (OMG)
  • Komodo (KMD)
  • Pantos (PAN)
  • Cardano (ADA)
  • Neo (NEO)
  • Chainlink (LINK)
  • Waves (WAVES)
  • Tether (USDT)
  • USD Coin (USDC)
  • Lisk (LSK)
  • Tron (TRN)
  • Basic Attention Token (BAT)

In a market that can make people nervous and untrustworthy, Bitpanda really stands out as a trustworthy and respected platform for the buying and selling of Bitcoin. For people outside of the EU, they won’t have complete access to the platform’s functionality, but the security of the company means that it is still worthwhile looking at for the storing of digital assets.