Bitpanda Review: Pros, Cons, and More

Top perks

Bitpanda has a lot to offer European investors, as it makes it easy to trade a variety of assets. Here are some of the platform’s big advantages:

Crypto index fund

Not only does Bitpanda have a decent range of cryptos available, it also offers three crypto index funds. These contain the top five, 10, or 25 cryptos by market cap, and make it easy for European investors to diversify their crypto portfolios without having to buy each individual coin or token.

Also trades stocks and commodities

Bitpanda sells stocks, ETFs, and commodities such as gold and silver as well as cryptocurrencies. This makes it a good option for investors who want to manage all their investments in one place and ensure crypto makes up part of a diversified portfolio. Plus, customers can easily swap between one asset and another.

Extremely user friendly

Bitpanda has a tremendously intuitive interface. From the know-your-customer (KYC) verification to the trading, every aspect of the platform feels well thought out and is easy to use. Fee information is clear and transparent. Bitpanda has taken the same approach with its mobile apps.

The Bitpanda academy contains a lot of useful information, broken down for different types of investors. For example, beginner investors might want to know how blockchain technology works, and what a crypto wallet does. Intermediate articles cover things like consensus models and smart contracts. The expert section is not yet available. At the end of each section, investors can test their knowledge with a 15-question quiz.

Bitpanda Visa card

People who live in countries that have adopted the euro can apply for the Bitpanda Visa card. This fee-free debit card offers between 0.5% and 2% in rewards on spending. Users can choose which assets they want to use for payments, making it easy to spend cryptocurrency. However, it’s worth noting that crypto spending may not be great for long-term, buy-and-hold investors.