When you have deposited FIAT on to your Bitpanda account you are ready to buy your first crypto on Bitpanda. In this example I will show you how easy it is to buy bitcoin on Bitpanda.
Click on the bitcoin chart at the top of the screen.
Here you will see the price development over the past days, weeks and months.
Next you click “Buy BTC” (BTC is short for Bitcoin, all crypto assets, have an short name also called a ticker name). If you are concerned that you are buying at the top, then you can always use a savings plan also called a recurring payment.
On the next screen you choose what currency you would like to buy bitcoin with. In this case there is only euro to choose from. Bitpanda supports Euro, British Pound Sterling, Swiss Franc and US Dollar.
In the next step you need to define how much money you want to spend on Bitcoin.
Note there is also an option to pay your fees with BEST. This will give you a 25% discount on all your fees that you pay. Read more about the BEST token.
In the last step you need to accept the transaction and this is the final confirmation before you trade is done.
Done! You have now successfully completed your first bitcoin trade on Bitpanda.
You can now check your wallet and see that the purchased bitcoin is in there.
Buying any other crypto currency on Bitpanda is just as easy as buying bitcoin. It takes the exact same steps for every coin you want to buy.
Read the full Bitpanda review
Read about Bitpanda BEST rewards
Bitpanda is the leading crypto exchange in Europe with more than 1 million users. You can trade more than +30 cryptocurrencies, gold, silver and other metals.
Kraken is for the professional and more experienced crypto traders, who wants a more technical platform and with many different trading pairs and a “Best in the industry” security.