Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
There wasn’t much information we could find when it comes to security. However, there seems to be a sense of trust and a good reputation when it comes to reviews from the community. BitPanda says it uses the latest technology when it comes to security, but as always, do your research to ensure you build your own trust.
The problem with BitPanda is they don’t disclose how much their fees are. There is a lack of transparency which creates a lack of trust. After some research however, it appears that the average fee comes out to be around 2%. So with that in mind, the fee could be smaller or bigger.
BitPanda lets you buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Dash. These are the basic coins to buy into.
Ease of Use
The user interface of BitPanda is very beginner friendly and pretty intuitive. It shouldn’t take you very long to figure out how the system works. You’ll be buying Bitcoin in no time.
Overall BitPanda is average when you compare it to all the other exchanges. It’s nothing amazing but it’s not bad either. If you’re looking for an easy to use system that allows you to buy the basics when it comes to the cryptocurrency space, then BitPanda is for you. If you’re looking for something more advanced then you might want to look elsewhere.