What are the fees associated with buying Bitcoin on Bitpanda?

1 answers

• Dec 30, 2021 · 3 years ago
  Buying Bitcoin on Bitpanda comes with certain fees that you should be aware of. Firstly, there is a transaction fee which is a percentage of the total transaction amount. This fee is typically around 1.49% for buy orders. Additionally, there may be deposit fees depending on the payment method you choose. Bitpanda supports various payment methods such as credit card, bank transfer, and cryptocurrencies. Each payment method may have different deposit fees, so it's important to check the fee schedule on Bitpanda's website. Moreover, there may be withdrawal fees when you want to transfer your Bitcoin from Bitpanda to an external wallet. The withdrawal fees vary depending on the cryptocurrency and the amount being withdrawn. It's worth mentioning that Bitpanda offers a fee reduction program called Bitpanda Plus, which provides lower fees for users who hold a certain amount of BEST, the Bitpanda ecosystem token. By joining Bitpanda Plus, users can enjoy reduced fees and other exclusive benefits. Overall, it's essential to consider these fees when buying Bitcoin on Bitpanda to make informed decisions and manage your costs effectively.
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