Bitpanda: the cryptocurrency exchange removes fees

Bitpanda, the cryptocurrency exchange, is making several new changes to the platform, including the removal of deposit and withdrawal fees for all currencies.

Summary

• Bitpanda and the new changes to the exchange: zero fees on withdrawals and deposits for all cryptocurrencies
• Bitpanda: the changes of the cryptocurrency exchange to create a new European standard
• The partnership with the traditional bank RLB NÖ-Wien

Bitpanda and the new changes to the exchange: zero fees on withdrawals and deposits for all cryptocurrencies

Bitpanda is making new changes to its crypto trading platform. The most striking one, announced at the beginning of this month, is the elimination of all deposit and withdrawal fees for all currencies.

“We are always looking for ways to make investments even easier, so you can maximize your potential returns. That’s why we’re excited to announce that you can now make free deposits and withdrawals from your Bitpanda account in all currencies and with all payment methods.”

A move that aims to allow its users to make more flexible decisions, and choose to invest in the 2800 assets available on the crypto-exchange.

On Bitpanda, therefore, withdrawals and deposits become zero-fee, regardless of whether you use PayPal, recently added as a payment method, Apple Pay, or credit and debit cards.

Not only that, the Austrian broker has also increased the payment limits on the entire platform. For example, the daily limit for credit cards has been raised from €10,000 to €20,000, well above market standards.

Bitpanda: the changes of the cryptocurrency exchange to create a new European standard

With these changes, Bitpanda becomes the European broker that now offers one of the highest daily and monthly limits available in Europe.

In this regard, Eric Demuth, CEO and co-founder of Bitpanda, commented:

“Bitpanda is the leader in the European market and we are accustomed to taking bold steps on behalf of our customers. The elimination of all deposit and withdrawal fees sets a new standard and ultimately will provide investors with an even better user experience.”

Not only that, Bitpanda has also announced that it will add several new local verification methods. The idea is to undertake greater localization in various key markets throughout the year.

Even here, Demuth commented as follows:

“To be successful, we must be a local actor in every market we operate in. This means being more local and more accessible to everyone, regardless of their location. Our field teams in each market make on-the-spot decisions to convince a unique target group. It starts with using the most common local verification method and ends with the most widespread payment method in that market. We are able to eliminate payment fees for one reason: Our users always demand the best once they decide to trust Bitpanda.”

The partnership with the traditional bank RLB NÖ-Wien

Last month, Bitpanda announced its partnership with the traditional bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), to offer crypto trading.

In practice, through the mobile banking app “Mein ELBA”, bank users can digitally invest in cryptocurrencies, precious metals, and other asset classes.

The user-friendly white-label integration of Bitpanda aims to make “trading for everyone” possible by providing a clear and understandable overview of all assets within the app.

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