Bitpanda Pro Review 2024

Bitpanda is a well-known bitcoin broker that allows users to buy, sell, and swap Bitcoin, Ethereum, Litecoin, Dash, and other cryptocurrencies. Bitpanda Pro’s parent company is Bitpanda, based out of Vienna, Austria; it was founded in 2014. This exchange is one of the most popular digital currency exchanges in the EU.

This exchange branched out in 2019 and gave rise to a new platform exclusively for institutions and professional traders known as Bitpanda Pro. (which was initially named Bitpanda Global Exchange). The core business of Bitpanda is to offer a simple and easy-to-use newbie-friendly broker service that allows users to buy and sell digital currencies. In contrast, businesses and professionals use Bitpanda Pro for trading and connecting trading bots via API.

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What Is Bitpanda Pro?

Per our Bitpanda Pro review, this exchange is a full-fledged platform for trading that caters to clients worldwide, except in China and the US. The Bitpanda platform is an advanced trading platform for professionals, institutions, and advanced traders where they can trade the most popular cryptocurrencies like Bitcoin, Ethereum, and several others. It allows crypto-to-crypto trading; if the user has an account with Bitpanda they can also use the same account with Bitpanda Pro.

This platform is a fully advanced version of the Bitpanda exchange, and it is designed for users who would like to trade cryptocurrencies more often.  Bitpanda is focused on buyers and traders who are new to the cryptocurrency market, while Pro is used by experienced traders who like to execute complex trades by accessing several advanced trading tools.

Here are a few highlights of Bitpanda Pro:-

• Offers advanced API that supports to create trading bot.
• It offers an intuitive user interface.
• This exchange is regulated by the EU.
• Diverse payout and funding options.
• Provides cold wallet solutions.

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According to several Bitpanda Pro reviews, this exchange supports all types of orders and offers access to two different types of charting tools that helps traders manage their crypto assets from the dashboard. It provides numerous trading pairs and allows traders to trade with different digital assets and fiat currencies. Some of the trading pairs include ETH/EUR, BTC/EUR, BTC/GBP, XRP/EUR, ETH/CHF, etc.

How Does Bitpanda Pro Work?

Bitpanda Pro is a leading cryptocurrency exchange that offers its traders to buy, sell, and trade cryptos. It provides a great intuitive interface that works well with mobile and desktop. The users of Pro find it to be an easy-to-use platform that provides the required tools to make trading decisions. This platform is much preferred by seasoned professionals, retail and institutional investors. As Bitpanda Pro is a fully regulated platform, it is preferred by European institutions and businesses looking to invest in crypto assets.

Features of Bitpanda Pro

Here are the few important features of Bitpanda Pro:-

• Pro is an easy-to-use, advanced platform for trading and exchange to trade digital currencies for professionals, institutions, and advanced traders where they can trade Bitcoin, Ethereum, Litecoin, etc.
• Bitpanda’s in-house developed platform is Bitpanda Pro, and it provides a highly liquid marketplace for buying and selling digital assets. Bitpanda offers other digitized assets like precious metals that are tradable against BTC, EUR, and BEST along with fiat currency.
• Bitpanda’s Pro architecture is state-of-the-art in terms of security standards and coding. It provides professional trading solutions, current price matching capabilities, fully automated, clearing, settlement, and netting processes.
• The maker fee is 0.1% and the taker fee is 0.15%, which is the lowest as compared to other exchanges in the crypto industry. These trading fees might decrease even more based on the 30-day trading volume.
• The user interface of Bitpanda Pro is responsive and automatically adapts to any screen size. The users can use the Bitpanda platform on any device like a tablet, mobile, or desktop.
• Even though beginners use this platform, Bitpanda Pro was developed for more advanced traders who have familiarity with the basic concepts of trading.

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Services Offered by Bitpanda Pro

Here is the list of services offered by Bitpanda Pro:-

• It offers an initiative user-friendly platform and empowers the traders to invest in cryptocurrencies, stock, and metals of their choice using their funds.
• Through Bitpanda Pro, the users can buy and sell more than 100 digital currencies such as stocks, crypto, precious metals, crypto indices, and ETFs.
• The users can automate their investments with saving plans using this platform.
• This exchange offers a wide range of payment options and users can invest in any asset with just one Euro.

Bitpanda Pro Reviews: Pros and Cons

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Bitpanda Pro Registration Process

According to our Bitpanda Pro review, registering on this platform is easy and quick. It offers convenient access to the users who want to trade and buy cryptocurrencies, precious metals, etc. Pro is preferred by advanced users who would like to trade huge volumes manually or through automated trading bots. If the user wants to trade with Bitpanda Pro, first they need to create an account on the platform.

Creating an Account

Creating an account with Pro is the first step and the user should keep in mind that they need to create only one account to use both Bitpanda or Bitpanda Pro. It includes all the features and services offered by the platform. If the user creates two accounts, it will block the account. The user should go to the website of Bitpanda Pro and click the sign-up button on the web page. If they have trouble signing up, they can contact the help desk.

Verifying the Account

This platform complies with AML procedures, hence the user should verify their account to start trading either with Bitpanda or Pro. The user can find the required information on the verification methods, accepted documents, and the supported countries in the help desk section.

Adding a Verification Deposit

After successful verification, the user should add funds to their account. There is a limit for deposits of EUR 2500. The user should add a verification deposit amount of EUR 25 to EUR 2500 through bank wire transfer or EPS. The user should be aware that this bank wire transfer can take around 3 days and they can increase the limit when the verification deposit is added.

Deposit /Transferring Funds 

Bitpanda Pro supports Swiss Franc(CHF) and Euro(EUR) deposits through SEPA bank transfer or direct transfers through their Bitpanda account. The users should note that the bank transfers will take 3 business days and this platform will not credit deposit amounts below EUR 25.

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Trading Experience at Bitpanda Pro

Users can start trading after registration and adding successful deposits to their accounts. If the user is new to the platform, they need to check the additional information to get used to it. This platform provides professional trading solutions and fully automated clearing, settlement, and netting processes. This platform also enables users to trade cryptos and other assets at competitive trading fees. Bitpanda provides advanced order types used by traders through Bitpanda Pro API; this functionality is not available for manual traders. To make it easier for the user, Bitpanda Pro’s partnership with CryptoHopper in 2022 offers features like the best crypto trading bot to create automated trading without the knowledge of coding.

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Bitpanda Pro Fees

Bitpanda Pro is based on the Maker and Taker fees model. The trading fees are as low as 0.05% based on the trading volume; the higher the trading volume, the lower the fees. Bitpanda Pro’s fees are highly competitive and are considered the lowest in the cryptocurrency industry for spot trading. Bitpanda Pro’s fee starts at 0.10% for the maker and 0.15% for the taker; it will be reduced to 20% if the user pays the fees with the Bitpanda ecosystem token(BEST). If the users are trading high volumes, they can get lower trading premiums. To know more about its fees structure click here.

Bitpanda Pro Supported Payment Method

This platform supports the following payment methods:-

• Transfer Via Bitpanda
• Bank transfer
• Credit cards like Visa and Mastercard

Bitpanda Pro Supported Currencies and Countries

Bitpanda Pro supports some of the most popular cryptos like Bitcoin, Ethereum, Ripple, Litecoin, IOTA, Stellar, Chainlink, Doge, etc. Few trading pairs that are supported by the platform are  BTC/EUR, XRP/EUR, BEST/BTC, ETH/EUR, BTC/CHF, XRP/CHF,  PAN/BTC, etc. Bitpanda Pro is available in almost all countries except the US and China.

Bitpanda Pro App

The trader can trade on the go using the mobile app offered by Bitpanda Pro. Here are the few features of the Bitpanda Pro mobile app:-

• The app can be downloaded from the Google play store.
• The app provides an intuitive user interface.
• Users can get trading alerts and notifications.
• It offers real-time and secure access to all types of markets.
• The user can view all pro order types and various charting tools available on the platform.

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Is Bitpanda Pro Safe?

Bitpanda Pro has become one of the best digital crypto exchange in terms of performance & quality and it has become one of the trusted platforms for many customers. It has gained a good reputation over the years and it is one of the safest cryptocurrency exchanges because of its credibility and its adherence to strict regulations. The exchange has never been hacked and it uses several advanced security protocols to protect its user’s privacy and assets.

Bitpanda Pro Security Features

This platform provides industry-best security and legal compliance for their client’s funds. Further, the user’s funds are stored safely and securely in cold wallet solutions and it offers regulated and safe exchange for institutional and retail traders. This platform is fully regulated and its highest level of compliance permits the platform to offer cryptocurrencies, thereby making it more accessible. This platform is trusted by several successful EU-based organizations starting from family offices and private banks to crypto ATM operators.

Bitpanda Pro Customer Support

As per our Bitpanda Pro reviews, Bitpanda is one of the leading platforms to trade cryptocurrencies and offers outstanding support services to its clients. The customer support team offers its services 365 days a year for its users starting from the onboarding process to a wide range of individual queries. The help desk is very well-tuned into the cryptocurrency industry in terms of speed, knowledge, and access to resources and information.

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Bitpanda Pro Review: Final Thoughts

To conclude, choosing a good digital currency exchange can be tricky and users should consider different factors when they are selecting an exchange that suits their needs. Bitpanda Pro is the best choice for professional and institutional investors; its interface is designed for all types of traders who use different screen sizes. This implies that users will have a great experience by trading on this platform, no matter if they prefer to use a phone or tablet to buy cryptos from this platform. Bitpanda Pro is the best platform for people who want to have a diversified portfolio without going into any complexities. This exchange has a great reputation and is considered a highly secured platform as it provides strict and secured industry measures.

FAQs

Is Bitpanda Pro Legit?

According to our Bitpanda review, this platform is a legit business and offers a safe and intuitive platform with security measures in place.

What Is the Difference Between Bitpanda and Bitpanda Pro?

Bitpanda is an easy-to-use platform and it is a newbie-friendly broker service that allows buying and selling digital assets. Bitpanda Pro is also an exchange that can be used by professionals and institutional investors where they can trade and connect with bots to connect with API.

Is Bitpanda Pro Available in Every Country?

Bitpanda Pro is available in all countries except China and the USA.

What Are the Limits and Which Payment Options are Available on Bitpanda Pro?

According to our Bitpanda Pro review, limits are based on the verification status and the payout or payment method. Further, the user can see that the transaction cost, minimum and maximum deposit, withdrawal amounts are available for all supported currencies.

The daily limits on this platform are applicable for 24 hours starting when the user has made their last withdrawal or deposit. Some of the payment methods that are supported by Bitpanda Pro are transferred via Bitpanda, Bank transfers, credit cards (Visa and MasterCard).