BitPanda Review – Buy Bitcoin with Skrill, SEPA or a Credit Card

9

Bitpanda (formerly known as Coinimal) is a Bitcoin broker that specializes in buying and selling Bitcoins within the Eurozone. The company was founded in late 2014 and since has grown to become one of the more popular options to purchase Bitcoins around Europe.

BitPanda’s exchange rate is higher than your average exchange due to the fact that they allow you to buy Bitcoins with methods that allow chargeback (i.e. credit cards, Skrill, etc.). BitPanda’s base price consists of the market rate plus a small surcharge. The payment option you choose determines how much fee you pay for the order. While SEPA, EPS, Giropay and Sofort have very low fees, the e-wallets like Neteller charge a bit higher fees.

For example, at the time of writing the exchange rate on Bitstamp is 1129.00 EUR per Bitcoin while on BitPanda it’s 1152.82 EUR. This means there’s a 2.1% premium on the Bitcoin price. However, that’s not all, depending on your payment method you’ll pay an additional fee.

Using a credit card / SOFORT transfer has an additional fee of ~%2 (which is relatively low). Skrill has an additional fee of ~3.77%, Neteller is a bit lower than Skrill and the cheapest methods for buying Bitcoins on BitPanda are using a voucher or Giropay.

In order to buy Bitcoins with BitPanda you’ll need to verify basic verification. The lowest verification level requires only a phone number. This will allow you to buy 50 Euros’ worth of Bitcoins a month up to a total of 600 Euros. Higher verification levels require a government issued ID.

If your account is verified the limit is 2,500€ daily (75,000€ monthly) for credit card purchases. For other options, there’s a 10,000€ daily (300,000€ monthly).

bitpanda buy bitcoins

The user interface of BitPanda is pretty sleek and very intuitive. Even newbies will have an easy time navigating through it and buying Bitcoins. Other online reviews suggest BitPanda is doing a pretty good job with customer service as well. Finally, it seems that the company has won a startup award in late 2016, however, I can’t really tell what this award was all about.

Click here to visit BitPanda

To conclude, BitPanda seems like an excellent option for buying Bitcoins inside the EU for people who are looking to use Skrill, a credit card, or any other option. The company has been around long enough, charges relatively low fees and has good support going on.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

Bitpanda

Bitpanda
8.7

Fees

9/10

    Ease of use

    9/10

      Support

      8/10

        Reputation

        9/10

          Pros

          • Wide variety of payment options
          • Relatively low fees
          • Beginner friendly

          Cons

          • Not available Worldwide
          • Fees aren't stated explicitly

          Leave a Reply

          9 Comments on "BitPanda Review – Buy Bitcoin with Skrill, SEPA or a Credit Card"

          Notify of
          avatar
           
          smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
           
          Sort by:   newest | oldest | most voted
          georgi
          Guest
          Member
          georgi

          Bad experience with them. Rejected my online verification saying I’m a Romanian national??1 No other explanation and acted like I had fleas or something. No smile, no good-bye no nothing. Just this angry looking guy speaking in a robotic tone and with an unintelligible English. And here I was thinking I can support a local business…I live in Vienna where they are based.

          Jerôme
          Guest
          Member
          Jerôme

          Hello! I had terrible experience with Bitpanda, cannot get help from them in 2 month trying to sort out a loss of Ethereums, now it has been weeks they do not respond to my e-mails, I lost trust in that company.

          Laura
          Guest
          Member
          Laura

          Bad !

          They said they suspect I am buying for someone else, without any discussion they just shut my account down.

          Stupid and unreliable.

          Wiener Ninja
          Guest
          Member
          Wiener Ninja

          If you want to buy BTC much cheaper, check out Bitcoin.de. There you have to pay just 0,5% fee in total per transaction. At Bitpanda it seems to be at least 4% fees. The downside is that it is more complicated. But as always, there is nothing for free. Convenience has its price.

          Rodrigo Paulo Gomes
          Member
          Member
          Rodrigo Paulo Gomes

          Hi Ofir,
          Many thanks for this helpful review!
          On another subject, is your scheduled faucets payment changed from Sundays at 10am?
          Thanks also for your great website!
          Best regards,

          Rodrigo

          Zsofia Elek
          Admin
          Member
          Zsofia Elek

          Hi Rodrigo, thanks for the feedback. The faucet payment is still scheduled for Sunday.

          Col
          Guest
          Member
          Col

          Just a quick note: Thanks your exchange search facility. It’s really useful. But your link to Bitfinex actually contains a url to Bitfenix (a PC builder)! Had me confused for a bit:-)

          wpDiscuz
          X