Brief informationBitPanda
Bit Panda describes itself as one of the fastest growing fintech companies in Europe, having been established in 2014. The project claims that the main goal of its work is to create simple and easy-to-use financial products for people of all skill levels. The dealing center provides its clients with the services of selling, buying and exchanging assets 24/7. The main page of the official site bitpanda.com looks like this.
The legal entity of the broker is Bitpanda Financial Services GmbH, which:
- registered in Austria A-1020 Vienna, Stella-Klein-Löw Weg 17;
- is licensed by the Financial Market Authority (FMA) in accordance with FM-GwG;
- is controlled by the French regulator Autorité des Marchés financiers (AMF) in accordance with the PACTE law;
- is authorized by PSD2, the second Payment Services Directive.
Copies of official documents that would confirm the fact of registration and licensing of the company are not indicated on the site.
Bit Panda trading instruments and platforms
To make money in the financial markets, the dealing center offers to use its own trading platform, with which traders can:
- trade in more than 2,000 financial instruments;
- automate regular investments with savings plans;
- invest in any asset from 1€;
- apply various analytical functions for risk assessment.
The range of trading products for online trading and investment is represented by the following asset categories:
- cryptocurrencies;
- securities;
- ETF;
- commodities;
- crypto indices;
- precious metals.
The company has its own academy and blog, thanks to which each project participant will be able to gain basic knowledge in trading and improve their trading skills.
Bit Panda trading accounts
Information about available trading accounts is not indicated. The broker chose not to announce information about the supported currencies, the minimum deposit amount, and other trading conditions. The financial agent places particular emphasis on ensuring the security of customer accounts, using advanced security methods for this (password management, blocking an account in case of unauthorized access, KYC/AML, MFA, account monitoring, etc.).
To start earning on the platform, you must keep to the following steps:
- register on the site and create a free account;
- confirm the identity by passing the verification procedure;
- make a deposit to the account.
The company doesn’t mention the availability of a demo account for training.
The project has several bonus programs: accrual of up to 0.25% of the trading volume, earnings of up to 63% per annum on staking, monetization of traffic through participation in the affiliate program, receiving up to 100 € for each attracted participant.
Depositing and withdrawal of funds with Bit Panda
Various payment methods are available to traders for conducting financial transactions: bank transfers, credit and debit cards, online transfer systems, cryptocurrency wallets, etc.
Each payment method has its own limits and restrictions on depositing/withdrawing funds, which differ depending on the payment method used and the user's verification status. More detailed information can be found in the thematic section on the site. It also contains a table of commission fees for transactions with cryptocurrency.
Conclusion
Before investing in this brokerage platform and trying to make money on its terms, you should analyze BitPanda reviews left by real clients and experts. It can help you to get an objective picture of the work of the intermediary and make the right decision about the profitability of cooperation with the broker.
