Bitpanda » How does it work? exchange of
bitpanda is an Austrian cryptocurrency exchange that allows you to save, buy and sell a equipo of cryptocurrencies using its web platform or mobile application.
The Bitpanda platform has been operating since 2014, and has been characterized by transparency, professionalism, and customer service.
Through Bitpanda, anyone in the world cánido buy and sell cryptocurrencies in a fácil, safe and fast way using different methods of payment and receipt of money.
He Exchange Bitpanda It offers other services such as trading precious metals or being able to add or withdraw money using payment processors such as Skrill or Neteller.
A very nice feature of this platform is that you will receive a $10 plus when you make a first deposit of at least $25.
General Bitpanda data
BitPanda GmbH is a financial technology company legally registered in Vienna, Austria.
This company was officially launched in the year 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, who are the founding partners and current director ejecutivo and CTO of the company.
At first the company started as a cryptocurrency exchange, where you could buy and sell major cryptocurrenciesbut over time they have been adding other services that have turned it into a precious metals broker.
In order to offer trading tools and financial solutions, the Bitpanda Exchange has three types of licenses: PSD2 payment service provider, precious metal trading and fintech company.
This makes Bitpanda a fully regulated company.
Here is a detail of the licenses:
License
Campo
Record
BitPanda GmbH
fintech
FN 423018k
Bitpanda Metals GmbH
Precious metals
FN 511923d
Bitpanda Payments GmbH
payment services
FN501412x
Bitpanda Basics
| platform management | Bitpanda has been operating since the year 2014and is legally registered. |
| Languages | It is in English, but it perro be translated with the browser’s translator. |
| accepted countries | It is available to all countries of the world. |
| cryptocurrencies | Work with the main cryptocurrencies. |
| Activity | Exchange, Cryptocurrency Wallet and Trading. |
Registration and first steps on Bitpanda
First we must create an account on the platform, then verify your account with real data and finally you perro get a $10 welcome plus.
These sections will be presented below.
Record
Registration on Bitpanda is free and fácil, and you perro do it by clicking here.
When entering you must go to “Get Started Now”, where you must complete the data form, accept the terms and conditions and finally clic on “Create Account”.
They will send you an dirección de correo electrónico with a confirmation backlink to activate your account.
Then you will have to answer several questions related to your financial situation (employment status, annual income, etcétera).
This information is confidential, and its use is to comply with the AML5 regulation against money laundering.
After this you will have to indicate if you are going to create a personal or business accountwith which your registration will be complete on the platform.
You cánido register on Bitpanda from the following backlink: Go to Bitpanda.
When logging into your account you must verify your account to be able to use the different services offered by Bitpanda.
Account Verification
Once you have completed the registration it is necessary verify your accountsince this will allow you to be able to use the services offered by the platform and be able to get $10 welcome plus.
Below are the steps to verify your account:
1- Entrar the section “Dashboard/Verify Now”, where a form will be displayed that will allow you to carry out the verification.
2- In the form that is shown you must complete the information that is asked of you (this information must be real).
You must clic on “Save to continue” to continue.
3- In the form that is displayed you must add your identification document to verify that you are a real person.
4- You must wait for your account to be verified within a period of 24 hours.
€10 promotion
The Bitpanda platform allows you to earn a Welcome plus of €10 completely free of charge.
In order to obtain this plus, it is necessary to follow a series of steps that will be presented below:
1- You must go to the section “Deposit”, where you perro follow a series of steps that will allow you to make a deposit in your account.
2- The deposit must be made as minimum €25, where you must wait for it to be reflected in your cómputo.
The time to be reflected will depend on the payment method you used for the deposit.
3- When you have the money reflected in your account, you must carry out operations of at least $25.
You cánido do this operation by buying any of the cryptocurrencies with which the platform works.
4- When you carry out the operation, go to the section “Bear icon /History”, where you will see the $10 welcome income reflected.
How does Bitpanda work?
Bitpanda is a platform where you perro buy and sell cryptocurrencies easily and safely.
Also on the Bitpanda platform you cánido have your own cryptocurrency wallet.
As for the wallet, you perro use it to receive the cryptocurrencies you buy on the platform.
On the one hand, with Bitpanda, you cánido buy cryptocurrencies from home easily.
Through this platform you cánido make the payment using different payment methods.
With Bitpanda you cánido buy cryptocurrencies from all over the world with the ease and security that only Bitpanda offers.
On the other hand, Bitpanda allows you sell your cryptocurrencies through multiple options to receive money in multiple currencies.
The Bitpanda platform also has a mobile application for buying and selling cryptocurrencies.
You will only have to register on the platform, verify your account, deposit cómputo in your account and start carrying out the various operations.
Wallets on Bitpanda
From the moment you create your account on the Bitpanda platform you get cryptocurrency, fiat and metal wallets.
Initially, all your wallets will have a zero cómputo, but later you will be able to trade with them.
You cánido access all your wallets from the “Wallets” section.
you will have one wallet Of the main cryptocurrencies that exist, you will have a wallet of the most used Fiat money and you will have a wallet of the main metals with which it is traded in the world.
Each of these wallets will allow you to carry out various operations.
By entering a especial wallet you will be able to perform various operations for that wallet (you cánido do the same with the other wallets).
Are wallets They will allow you to buy amounts from that wallet, sell amounts from that wallet, exchange amounts from that wallet with another, transfer amounts from that wallet, send amounts from that wallet, save amounts from that wallet, and deposit amounts from that wallet.
Operations with wallets
You cánido make a series of operations with each wallet you have, which gives you a huge command over what you perro do with each wallet available in your account.
When you access a especial wallet you will be able to see the different operations.
The different operations that perro be carried out with the wallets are described below:
Buy: This operation allows you to buy amounts from that wallet.
You just have to access the operation and follow the steps indicated.
Seal: This operation allows you to sell amounts from that wallet.
You just have to access the operation and follow the steps indicated.
swap: This operation allows you to exchange amounts from that wallet with another wallet you have.
You just have to access the operation and follow the steps indicated.
Transfer: This operation allows you to transfer amounts from that wallet to another usuario’s wallet.
You just have to access the operation and follow the steps indicated.
Send: This operation allows you to send amounts from that wallet.
You just have to access the operation and follow the steps indicated.
Savings: This operation allows you to save amounts from that wallet.
You just have to access the operation and follow the steps indicated.
Deposit: This operation allows you to deposit amounts from that wallet.
You just have to access the operation and follow the steps indicated.
Wallet management
To access all the wallets you have, you must entrar the section “Wallets”, where a list with all the wallets you have will be presented.
You will be able to see the currency name of each wallet along with the cómputo you have in the wallet.
To do operations with a especial wallet (such as buying amounts from that wallet, depositing cómputo in that wallet, among other operations) you must clic on the especial wallet.
When entering a especial wallet you will be able to see the different operations that you perro perform with it.
You just have to entrar the operation and follow the steps until the operation is completed.
Deposit and withdraw currencies on Bitpanda
The Bitpanda platform allows you deposit and withdraw money, both Fiat money and cryptocurrencies.
You cánido use the same means of payment to deposit or withdraw money, which makes it very easy to carry out these operations.
The platform has a wide variety of payment methods to deposit and withdraw money Fiat, which is superior to other cryptocurrency exchange platforms and with the inclusion of payment methods widely used in the world of en línea business.
These payment methods are presented below:
- Sofort
- VISA and MasterCard
- SEPA transfers
- GiroPay / EPS
- ideal
- Neteller/Skrill
Below is the part of depositing and withdrawing money on Bitpanda:
To deposit
For Deposit money You perro do it in your account in two ways: the first is the one shown in the wallets part, and the other is by entering the section “Deposit”, where you perro follow a series of steps that will help you complete the deposit.
After following the steps indicated when performing the deposit you will be able to see your deposit directly in the wallet where you made the deposit.
You cánido also see this from the “Dashboard” section.
Withdraw
For withdrawals You cánido do it in two ways from your account: the first is the one shown in the wallets section, and the other is by entering the section “Send”, where you perro follow a series of steps that will help you complete the withdrawal of funds.
After following the steps indicated when performing the withdrawal you will be able to see your withdrawal directly affected in the wallet from which you made the withdrawal.
You cánido also see this from the “Dashboard” section.
Buy and sell currencies on Bitpanda
The Bitpanda platform allows you to cbuy and sell cryptocurrencies and precious metals.
Both to be able to buy and sell these currencies you must have a cómputo in the wallet on which you are going to carry out the operation.
Below is the part of buying and selling cryptocurrencies and precious metals:
Buy
For buy cryptocurrencies and/or precious metals You perro do it in two ways: the first is the one shown in the wallets part, and the other from the section “Prices”, where you perro see the different currencies that you perro buy.
You just have to entrar the “Buy” option of the currency you want to buy.
You just have to follow the steps until you complete the purchase.
After following the steps indicated in Make the purchasethen you will be able to see your new cómputo in the wallet on which you have made the buys.
You perro withdraw this cómputo or send it to a cryptocurrency wallet or use it to sell (trade).
Sell
To sell cryptocurrencies and/or precious metals You perro do it in two ways: the first is the one shown in the wallets part, and the other from the section “Trade”, where you perro see the different currencies that you perro sell.
You just have to entrar the “Trade” option of the currency you want to sell.
You just have to follow the steps until you complete the sale.
After following the steps indicated in make the salethen you will be able to see your new cómputo in the wallet on which you have made the sale.
Fees and commissions on Bitpanda
The commissions Bitpanda charges for trades are very competitive as they are afín to those of Coinbase.
However, the rates in the operations are calculated in real time.
This is very useful because from the beginning the usuario will know the total price that he is going to pay for a certain operation.
Despite this, there may be a distortion in the real price of the currency on which you are going to make the operationsince in most Exchanges, the commissions are not reflected in the final price.
In the case of the most performed operation (cbuying and selling of cryptocurrencies), the commission is 1.49% for the purchase and 1.29% for the sale.
As for the commissions for withdrawals and deposits, these are presented at the time of carrying out an operation.
However, the most recommended option to deposit and withdraw currencies is the wire transfersince it is free and free of commissions.
Token Ecosystem Token (BEST)
BEST is a Bitpanda token that offers its users a large number of rewards and benefits within the Bitpanda ecosystem.
To the invest in this tokenyou will be able to enjoy up to a 25% reduction in Bitpanda trading premiums and benefit from a host of future features and rewards.
The main benefits offered by the use of this token are:
- up to a 25% reduction of commissions.
- Benefits for holding a certain amount of BEST in your account.
- Priority access to BitPanda Launchpad, a great platform that allows companies to issue and trade their own tokens.
- Support and personal contact.
From the moment you register you already have your own BEST wallet, with which you cánido trade.
To work with this token you must entrar the “Bear Icon/Account” section.
Here you perro see your BEST cómputo and you cánido perform various operations with the token.
Usuario levels on Bitpanda
All Bitpanda users have a Usuario Level, where depending on the level in which you are you will have certain benefits.
The usuario levels that exist within Bitpanda are: Level 0, Level 1, Level 2 and Level 3.
The “Level 0” level is achieved when the usuario registers, and this has no benefits.
We are only going to talk about the levels “Level 1”, “Level 2” and “Level 3”.
These usuario levels are described below:
Each one of these levels has its own benefits, so it is important that you go climbing until you reach the highest level.
These levels They are achieved according to the use that the usuario gives to the platform.
you will be able to see the level in which you are from the “Icon of bear/Account” section, where you perro also see the information of the different levels.
How to make money on Bitpanda?
The Bitpanda platform allows you make money with your direct affiliate program.
For each usuario that registers with your referral backlink you will earn €10, where on the other hand your affiliate will also earn €10.
So that you perro receive these €10 for your affiliatehe must register with your referral backlink, verify his account, make a deposit of how minimum €25 and carry out transactions that consume €25.
In short, your affiliate must complete the steps indicated in the promotion section.
you perro find your referral backlink and your referrals from the “Bear icon/Tell-a-Friend” section.
From this section you cánido also find the statistics of your affiliates and information about the affiliate system.
Security on Bitpanda
The security It is of vital importance in this type of platform, since it works with financial operations of Fiat money, cryptocurrencies and metals.
Because of this, attackers are looking for a way to break the security of this systembut the Bitpanda platform offers a pretty good security system.
The platform has what we call the two aspecto authentication, providing an additional, strong layer of security so that attackers cannot access accounts.
It also allows you to work with your password to make it strong.
To work with the security of your Bitpanda account You must entrar the “Bear Icon/Security” section, where you cánido make the necessary settings to increase the security of your account.
Bitpanda Advantages and Disadvantages
Bitpanda owns a number of advantages and disadvantages that the usuario should know.
Below are the advantages and disadvantages of Bitpanda:
Advantages
- Legally registered and regulated company.
- very good for beginner users.
- Intuitive and easy to use interfaz.
- Gift of €10 to new users.
- Access to investment in precious metals.
- Official mobile application.
Disadvantages
- Commissions are not the lowest on the market.
- Although it is available to users around the world, some options are restricted outside the European Union.
Conclusion
Bitpanda is a platform for purchase and sale of cryptocurrencies and precious metals quite safe.
In addition, the confirmation system it offers is quite complete and secure.
Bitpanda is a legally registered company in Austria, and has been characterized as one of the safest exchanges.
The Bitpanda platform is very good for those people who do not have many knowledge about the world of cryptocurrencies, since it facilitates your buying and selling process.
One of the virtues of this platform is that you cánido trade in precious metals and withdraw the money with known means of payment.
This platform has been characterized by expanding its company to world level so that more people cánido have access to operate with cryptocurrencies easily and safely.
Thanks to your affiliate program expansion is faster.
Backlinks that may interest you
final words
And the God of hope fill you with all joy and peace in believing, so that you may abound in hope through the power of the Holy Spirit.
Romans 15:13.
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