Below you will find a step by step guide on how to deposit euro or other FIAT currencies to your Bitpanda account. Bitpanda supports Euro, British Pound Sterling, Swiss Franc and US Dollar.
Once you are logged in to Bitpanda, click “Deposit” in the top navigation bar.
From there you click the FIAT currency you want to deposit. In this case we choose the euro.
Next you will need to select the desired payment method Visa or Mastercard.
Once you have selected the payment method you will go to the next screen where you specify the amounts you want to deposit. Keep in mind that depositing with a credit card is one of the most expensive ways to buy crypto. You can also consider doing a bank transfer, which is for free on the Bitpanda platform.
In the next step you need to confirm that you are the rightful owner of the used credit card and your name is on the card.
You are almost done. As a security feature you will need to put in a pin code that is sent to you via SMS it will be sent to the number that you filled in when signing up for your Bitpanda account. Bitpanda does this to protect their customers and you.
Next you will be taken to an external online payment provider. In this case mPAY24. Here you fill in your credit card details and follow the necessary steps and if all goes well your money should be on the account instantly.
The deposited amount is now on your account but notice that it is a bit less than what you typed in. This is the fee that is associated with depositing via credit card.
After depositing you can start buying cryptocurrencies on Bitpanda.
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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.