BitPanda is an exchange based in Austria and primarily offers buying and selling of cryptocurrencies the Eurozone. The platform offers a wide range of payment methods like credit card, SOFORT transfer, Skrill, SEPA transfers and many more. The cryptocurrencies that are available on BitPanda are Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple.
Fees on the exchange can be a bit high. Depending on your payment method, costs can be between 2% and 5%. Withdraws, in general, are expensive and we found that fees for some transactions are very unclear and not properly disclosed. If you are selling your coins, you must add a miner fee to the sale price as well to guarantee that BitPanda processes it.
However, BitPanda has a very easy and simple to use interface and is therefore super for crypto beginners and first time users. Navigating through the site, finding out how to buy your coins and how to withdraw is very intuitive.
BitPanda's processes, whether it is selling or buying, are fully automated, which means that the support team has time for they costumers questions.