Bitpanda Pro Exchange Overview
Bitpanda Pro is a Centralized exchange that ranks #547 on BitDegree Exchange Tracker. Bitpanda Pro has a trading volume of $0 in the last 24 hours and $1,309,740,789 in the last 7 days.
Bitpanda Pro currently has 13 cryptocurrencies, 4 fiat currencies and 21 markets (cryptocurrency trading pairs).
Bitpanda Pro is a centralized cryptocurrency exchange (CEX) that is based out of Vienna, Austria. This digital assets platform was founded in 2014. It allows users to buy and sell cryptocurrencies, stocks, and metals. The Bitpanda Pro cryptocurrency exchange removes financial barriers by offering low Bitpanda Pro exchange fees using blockchain technology to give users real-time control over their digital assets.
The Bitpanda Pro crypto exchange platform complies with AML procedures and requires you to follow some KYC requirements to verify your identity. This is done to ensure that you don’t create more than one account and also to prevent any fraudulent activity under your name. Bitpanda Pro is available in almost all countries except the USA and China. This crypto exchange is available on all devices, such as tablets, mobile phones, and desktop computers.
Markets
Bitpanda Pro allows users to trade both crypto-crypto and crypto-fiat pairs on the cryptocurrency exchange platform. There are currently 59 asset pairs up for trading on the platform. These Bitpanda Pro trading pairs don’t come with leverage or margin facilities.
BEST is the native currency of the exchange. It was launched in 2014 and helped grow Bitpanda Pro into a multi-billion dollar company in 2021. Over €50 million has been paid out in BEST rewards to date. Besides, platform fees get reduced by 20% if paid using BEST.
The Bitpanda Pro cryptocurrency exchange was developed for advanced traders who require additional tools for their trading. It provides professional trading solutions and fully automated clearing and settlement processes. This exchange also provides advanced order types through the Bitpanda Pro API. Bitpanda Pro also recently created a crypto trading bot to offer automated trading solutions.
The Bitpanda Pro crypto fees follow the maker-taker model. Fees begin at 0% and vary depending on several factors. For instance, the higher your trading volume is, the higher the maker and taker fees get.
The minimum crypto fees for deposits and withdrawals depend on the type of currency and wallet that is being used in the transaction. For the BEST token, the wallet deposit fee is 14.630 BEST, and the wallet withdrawal fee is 4.89923028 BEST for transactions above 292.560 BEST. Similarly, for Bitcoin, the wallet deposit fee is 0.00010 BTC, and the wallet withdrawal fee is 0.000060 BTC for transactions above 0.050 BTC.
Other Services
The Bitpanda Pro crypto exchange allows users to participate in staking. Staking allows you to validate transactions on the blockchain, and in return, get rewarded. You can earn up to 18.4% APR by participating in staking on the Bitpanda Pro platform. There are currently 15 coins that are up for staking on the platform. The more BEST tokens you hold, the more you can get rewarded. Overall, you can increase your staking rewards by up to 12.5% by holding BEST tokens.
Also, Bitpanda Pro has a Tell-a-Friend program that allows both you and your friend to earn €2 each once they sign up to the platform using your referral link. They must complete their verification, deposit a minimum of €25, and trade a minimum amount of €25 to become eligible. This service is only for friends, though. If you want to reach a larger audience, sign up for the affiliate program. This program allows you to earn a commission for every person who signs up using your referral code. There are different payouts for different traffic sources.
Besides that, there are a lot of other features that the exchange offers. For instance, Bitpanda Pay enables you to pay your bills using your Bitpanda account. You can pay your rent and utility bills, send money to friends and family in Euros, and shop from anywhere around the world. This feature is only available to verified users on the platform.
Bitpanda To Go is a program that allows you to buy cryptocurrencies for cash. You pay cash at an Austrian post office, and they give you a coupon that can be used to get crypto on Bitpanda Pro.
Bitpanda Metalsallows you to buy metals in real life and have them stored in Switzerland. You can also exchange these metals for cryptocurrencies in the future.
Bitpanda Savings helps users to safely increase their investment portfolio and set up a personal savings plan.
Finally, Bitpanda Plus is a feature for high-volume traders who want to increase their trading limits.
About the Company
Bitpanda was founded in 2014 and is one of the most popular crypto exchanges in the European Union. It was founded by Eric Demuth, Paul Klanschek, and Christian Trummer. The company was originally known as Coinimal before it was later rebranded to Bitpanda in 2016. Besides, the platform was later branched out in 2019 and formed Bitpanda Pro for professional and experienced traders who require more technical tools with their trading accounts.
In 2020, the company raised $52 million during an initial seed funding round. In 2021, they teamed up with Visa to introduce credit card payment solutions allowing users to pay for goods and services using cryptocurrency or commodities. They underwent another round of seed funding in 2021, where they raised $260 million, which raised their market value to $4 billion.
Bitpanda offers AI trading bots and API services to automate your trading and provide a more professional and intuitive work environment. The platform has a diverse range of payment and funding solutions using both crypto and fiat currencies. The crypto price ranges on this platform are on the affordable side, and they have a great reward system based on the Bitpanda Pro trading volume, BEST tokens, and other factors. Besides, the platform has not been subjected to any industry hacking situations or other controversies.
