Bitpanda users can now trade XRP. The austrian exchange has just added Ripple’s cryptocurrency to the digital assets available on their platform, that can be traded for BTC, ETH, DASH, LITECOIN, BITCOIN CASH.
For the moment it is not possible to deposit XRP from your wallet, but you can only own those purchased on the platform. However, the Bitpanda team is working on the complete integration of the cryptocurrency.
About Bitpanda: Coinimal GmbH is an Austrian start-up company that specialises in selling and buying Bitcoins and other cryptocurrencies. It was founded in October 2014 after a long development phase in coordination with the local authorities. The three founding members are Bitcoin enthusiasts and had personally experienced how hard it was to acquire Bitcoin in the EU. This deficiency in the market led to the idea of BitPanda.
BitPanda.com is a fully automated platform: As soon as payment is confirmed, the Bitcoins and other cryptocurrencies are automatically sent to the buyers. This technique allows us to provide our customers the best and fastest service in the business.
Payment Methods Accepted
BitPanda has a large selection of payment methods:
- SOFORT Transfer
- Visa/Mastercard Debit or Credit Card
- NETELLER
- Skrill
- GIROPAY / EPS
- SEPA Transfer
- OBT
Supported Countries
It supports all European countries. Customers from the USA cannot use it.
Limits & Liquidity
BitPanda offers different levels of verification based on how much information you give them.
Verified Email: With a verified email you cannot buy bitcoins, but can sell up to 1,000 EUR worth of bitcoins per day, and up to 7,500 EUR per month.
Verified Phone Number: With a verified mobile phone number you can buy bitcoins with any payment methods besides credit card. Using the other payment methods, you can buy up to 50 EUR per day.
Verified ID: By verifying your ID you can buy bitcoins with a credit card, up to 350 EUR per day and up to 10,000 per month. For other payment methods, you can buy up to 5,000 EUR worth of bitcoins per day, and up to 75,000 EUR per month.
Speed
Most of BitPanda’s payment methods are instant so your bitcoins will also be delivered near instantly. Credit/debit card buys, plus SOFORT, NETELLER, EPS or OBT buys will deliver bitcoins to your wallet almost right away. SEPA transfers take about a day to complete which means it will take about that long for the bitcoins to arrive to your wallet.
Reputation
BitPanda was previously named Coinimal and was founded in October 2014. The company won a startup award in October 2016 and has been a trusted company in the Bitcoin space since its launch.
Fees
BitPanda has low fees although they are not displayed publically on the website. The fees are instead included in your buy price when you checkout to buy or sell bitcoins.
Customer Support
BitPanda has customer support that responds quickly using the support request form on all pages of its website.
