For seasoned investors, professionals, and institutions, Bitpanda Pro is an advanced trading platform and digital asset exchange where you may trade well-known digital assets like Bitcoin, Ethereum, and others. The platform which was entirely created in-house in Vienna will offer a very liquid market for digital assets. Precious metals and other digitized asset classes will follow and can be traded against EUR, BTC, and BEST. Both in terms of coding and security requirements, Bitpanda Pro’s architecture is cutting-edge. The platform provides fully automated clearing, settlement, and netting procedures, as well as price matching and professional trading solutions. With the help of Bitpanda Pro, traders may trade cryptocurrencies and other digital assets for reasonable prices. Furthermore, it has systems in place to maintain liquidity in a variety of circumstances.
Trading crypto index
The trading platform allows traders to participate in crypto indexes in addition to conventional spot crypto investments. These cryptocurrency indexes provide access to the top cryptocurrencies without the need to purchase individual coins. The platform is the only place where these indices are accessible or tradeable. Additionally, you don’t truly own the underlying cryptocurrency asset when you invest in these crypto indexes. Therefore, rather than considering them as actual coin purchases, think of them as investments that offer exposure to cryptocurrencies.
Trading of ETFs and stocks
Despite being primarily a cryptocurrency platform, it also offers stock and ETF trading for as little as €1. Trading of precious metals is also supported by it. On the platform, you can trade gold, silver, palladium, and platinum around-the-clock for as little as €1. Each gram of metal you purchase on Bitpanda is backed by metal kept in a Swiss Brinks vault.
Bitcoin card
Only the Eurozone now offers the Bitpanda Card (but not in the UK). This is a debit card from visa that is associated with your Bitpanda wallet. You can use this card to spend any cryptocurrencies, precious metals, or euros (EUR) that are stored in your account. Foreign transactions and ATM withdrawals are the only costs associated with card use. With Bitpanda Pay, sending Euro (EUR) from your account to any EU bank is simple. This will enable you to pay bills and transfer money to loved ones using your Bitpanda Euro balance. With Bitpanda Pay, you may spend anywhere from €10 to €10,000 for each transaction. Technically, Bitpanda Pay also carries a 0.95% fee, but the business is now exempt from it.
Bitpanda charges
The complex fee structure on the trading platform varies according to what and how you’re trading.
Instant buy fees on the trading platform
A 1.49% fee is applied to all cryptocurrency purchases made via Bitpanda’s immediate buy platform (such as the standard Bitpanda trading terminal). By keeping tokens in your wallet and paying your fees with them, you can receive a reduction on your fees of up to 20%.
Advantages
- Supports trading in cryptocurrencies, stocks, ETFs, and precious metals.
- Provides a sophisticated exchange with scalable charts and minimal (0.15%) fees.
- Possibility of receiving discounts and prizes when you own BEST tokens.
- 4 stars, 6,700+ reviews, EU-regulated crypto asset firm with good Trustpilot ratings.
- Straight swapping of any two supported items (e.g., BTC for gold).
Disadvantages
- A complicated system of limits and fees.
- Identity and deposit verification are necessary.
- When using British pounds or in the UK, several functionalities are not available (GBP).
- Lacks disclosure of some features and costs.
The main selling point is its intuitive bitcoin exchange. By pressing a button, you can instantly purchase and sell supported cryptocurrencies for as low as €1 using the straightforward trading tool. On its instant buy platform, all trades are handled like market orders. Your money should be available in your wallet right away once you place a trade. For more seasoned investors, Bitpanda provides Bitpanda Pro, a sophisticated trading terminal that supports market, limit, and stop-limit orders. You can have access to less expensive trading fees and more sophisticated charting tools with the trading platform. However, there are only a few trading pairs available, especially if you wish to deal with British Pounds (GBP). The majority of trading pairs on the site are crypto-to-Euro, so you’ll either need to fund your account with EUR or use the trading platform to convert EUR from another supported cryptocurrency.
