Bit Panda

Information about BitPanda Company

BitPanda GmbH company was registered in Vienna, the capital of Austria, in 2014. It is a fintech company providing brokerage services.

The license of the Austrian Financial Market Authority (FMA) is recognized throughout the European Union, allowing BitPanda to open several branches in European countries.

BitPanda is one of the fastest-growing companies in Europe, with a staff of over 700 employees and a customer base approaching 4 million.

Trading Conditions of BitPanda

The company offers trading of 2,000 assets from various categories, including company stocks, ETFs, cryptocurrencies, crypto indices, precious metals, and commodities.

Trading can be done with any amount of money, starting from 1 euro. BitPanda offers a proprietary trading platform that can be used on the website as well as in mobile applications.

Trading Cryptocurrency through BitPanda

BitPanda started dealing with cryptocurrencies in 2014 and adheres to a strict KYC policy to prevent money laundering. The company is authorized to work with cryptocurrencies in the European Union.

To create an account on BitPanda, it is necessary to undergo the verification process according to the requirements published on the website.

Depositing and Withdrawing Funds on BitPanda

BitPanda accepts 10 types of currencies, including euros, US dollars, Swiss francs, British pounds, and others. Additionally, the company accepts decentralized digital currencies.

For the turnover and withdrawal of decentralized assets, it is recommended to use the BitPanda crypto exchange.

Conclusion

BitPanda is a secure and attractive European broker offering services with both traditional and cryptocurrency assets. However, there are certain restrictions for citizens of the Russian Federation due to EU sanctions.

Until the end of the sanctions period, traders from Russia can use BitPanda services by providing evidence of resident status in another country.