Bitpanda: create an account, products and features

What is Bitpanda?

1. Founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, the company started out as Coinimal before adopting Bitpanda in 2016. Its expansion became apparent with the opening of a London office in 2018. Initially focused on cryptocurrencies, Bitpanda expanded its offering to include precious metals in 2019, followed by securities in April 2021. In September 2020, the company raised $52 million in an initial round of funding, counting Peter Thiel's investment company among its investors. In early 2021, Bitpanda collaborated with Visa to introduce a debit card enabling cryptocurrency payments in stores and for services. In a new round of funding in August 2021, the company secured $260 million, reaching a valuation of over $4 billion.
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Products offered by Bitpanda

Bitpanda offers a range of options including trading in cryptocurrencies such as Bitcoin or Ethereum, as well as precious metals such as silver and gold, but also commodities, crypto indices, in addition to a variety of corporate actions and funds. 

Cryptocurrencies can be held in a digital wallet on the Bitpanda platform and can also be transferred to other users. What's more, in partnership with Visa, the company offers its own debit card.

1. Bitpanda offers a variety of investment options suitable for a wide range of investors. Its diversified range attracts different investor profiles eager to vary their investments.
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Register on Bitpanda

Registering on Bitpanda, whether on computer or mobile, is a fairly straightforward procedure. The platform offers a user-friendly experience, and account creation is quick. Although KYC identity verification may take a little longer, overall, the registration process is intuitive. To register on computer or mobile, follow the steps below:  

1. Start by clicking on the ⬓Register⬝ or ⬓Log in⬝ icon.
2. Fill in the form with your full name and e-mail address. Make sure you choose a secure password.
3. Select your country of residence and accept the terms and conditions and privacy policy.
4. Then press the ⬓Create account⬝ button.
5. You will receive a confirmation e-mail. Click on the link to confirm the creation of your account. 

1. Once your account has been created and verified, we recommend that you activate double authentication (2FA) to enhance the security of your account. To do so, go to the ⬓Password and security⬝ tab, then ⬓Activate⬝ double authentication. 
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Bitpanda features

Find out more about Bitpanda's features below:

1. 1. Manage your portfolio in traditional currencies (⚬ or $) and make transactions to buy or sell cryptocurrencies.
   2. Make cryptocurrency deposits and transfers.
   3. Trade in cryptocurrencies with Bitpanda Swap.
   4. Buy and sell precious metals on Bitpanda.
   5. Create a savings program by automatically investing a predetermined sum.
   6. Stake your cryptos with the various staking options offered by Bitpanda.
   7. Use your Bitpanda card to make online payment transactions.
   8. Hold BEST (Bitpanda Ecosystem Token) to access exclusive advantages on the platform. 
   9. Learn with the Bitpanda Academy and the platform's Blog section.
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Deposit funds on Bitpanda 

To deposit funds in FIAT into your Bitpanda account, follow the steps below:

1. 1. Select the ⬓Trade⬝ option.
   2. Select ⬓Deposit⬝ from the menu.
   3. Select the fiat currency portfolio corresponding to your deposit.
   4. Choose your preferred payment method.
   5. Enter the amount you wish to deposit and press ⬓Continue⬝.
   6. Once you've accepted the transaction's early execution and checked that the payment method is registered in your name, press ⬓Deposit now⬝.
   7. You will receive a PIN code by SMS to enter, then confirm by pressing ⬓Send⬝.
   8. You will be redirected to the website of the chosen payment method, where you will receive bank details for transfers. Once the payment has been made, you will be redirected to the Bitpanda website and the amount will be credited to your fiat currency wallet.
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Buy cryptocurrencies on Bitpanda

Here are the steps to buy cryptocurrencies on Bitpanda :

1. Click on the ⬓Trader⬝ button at the bottom center of the screen.
2. Select the ⬓Buy⬝ option.
3. Select the desired cryptocurrency or digital financial asset.
4. Select one of your traditional currency wallets.
5. Enter the amount you wish to purchase and press ⬓Continue⬝.
6. In the final step, a summary of your order will be displayed. Once you have waived your right of withdrawal, press ⬓Buy now⬝ to finalize your purchase.

Conclusion

In conclusion, Bitpanda stands out as a comprehensive and accessible platform for investors of all backgrounds. With diversified features such as cryptocurrency trading, precious metals transactions, automatic savings programs and much more, Bitpanda offers an intuitive and secure experience. Its commitment to innovation and ease of use make it an attractive choice for those wishing to diversify their investment portfolio and explore the opportunities offered by the ever-evolving digital world.

1. Sources: 
2. https://www.bitpanda.com/en, consulted on 06.05.24
3. https://investx.fr/investir-cryptomonnaie/broker/bitpanda/avis/, consulted on 06.05.24
4. https://en.wikipedia.org/wiki/Bitpanda, consulted on 06.05.24
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Disclaimer : This is not financial advice. The purpose of the site is to inform readers. Any type of investment involves risk. Do your due diligence and do your own research on the projects featured on the site. Act as a good father and do not invest more than your objectives or financial means allow you.  In this regard, read our page: Warning about virtual currencies.

1. Some articles on the site contain affiliate links, and using them to register from the site allows the development of the site by collecting commissions. By doing so, you also make yourself eligible for a welcome bonus such as a voucher or fee reduction, for example.