Bitpanda Level 0 Review

Bitpanda

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Verdict: a great entry level card for European residents which has low fees and requires not staking. However, if you are looking for crypto cashback or perks, then this is not the card for you.

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Additional information
Reviews (0)

7/10 (Expert Score)

Product is rated as #33 in category Crypto Cards

Bitpanda has 4 different visa cards available which are currently exclusively available for EU residents. Level 0 is the lowest level card offered by Bitpanda, and the only card which does not require staking, this lower commitment also means that you do not benefit from the crypto cashback offered in the other 3 cards.

We really like the range of assets supported by Bipanda: 20+ cryptocurrencies, EUR, CHF, GBP, USD, TRY, PLN fiat currencies and also precious metals such as gold and solver.

Bitpanda is a no staking card making it a great starting point for checking out what Bitpanda has to offer. Level 1, 2 and 3 visa cards do require staking (5,000-500,000 BEST Tokens) and in return you get cashback (0.50%-2%) paid in Bitcoin on purchases both online or offline. All the cards that have attractive perks require staking in 2021, but Bitpanda Level 0 is great if you're looking for a low commitment option, or if you are trying out various platforms before staking in a particular company.

Bitpanda is a Vienna, Austria based company that established itself in 2014. Bitpanda has 1.2 million users and a growing team of 250 people. The future looks bright for Bitpanda and you can rest assured that your currencies are safe as Bitpanda keeps the majority of user funds in cold storage and has been audited by KPMG.

Features

7.5

Usability

Payment options

9.5

Fees and charges

7.5

Perks & rewards

Company & Reputation

8.5

Support

6.5

PROS:

An instant settlement from crypto to fiat - no need to topup your card.
€10,000 daily spending limit.
Trade a wide selection cryptocurrencies, fiat currency and precious metals.
Virtual and physical cards available.
No initial or monthly fees.
A high percentage of funds kept in old storage.

CONS:

EU residents only.
2.50% Foreign transaction fee + 1.49% fiat settlement fee.
No live support.
No cashback in crypto.
No perks.

Specification: Bitpanda Level 0 Review

Company & Availability

Eligible regions	EU residents
KYC	Yes
Credit Check	No

Savings Information

Supported Fiat Currencies	CHF, EUR, GBP, PLN, TRY, USD
Supported Cryptocurrencies	AAVE, ADA, ATOM, BAND, BAT, BCH, BEST, BTC, CHZ, COMP, DASH, DOGE, DOT, EOS, ETH, KMD, KNC, LINK, LSK, LTC, MIOTA, MKR, NEO, OMG, ONT, PAN, REN, REP, SNX, SXP, TCAD, TRX, TUSD, UMA, UNI, USDC, USDT, WAVES, XEM, XLM, XRP, XTZ, YFI, ZEC
Gas fees	No fees

Availability

ATM Access	Worldwide
Pay In Local Currencies	Yes

Support

24 hour support	Email support
Live Support	No

Staking

Staking required	No
Staking amount	N/A
Minimum stake Term	N/A
Token Ticker	BEST

Rewards

Cashback on spending	No
Cashback Restrictions	N/A
Max Cashback	N/A
On Chain Rewards	None
Referral Rewards	Referral Reward $10

Spending Limits

Daily ATM Limit	€350
Daily Purchase Limit	€10,000
Monthly ATM Limit	Unlimited
Monthly Purchase Limit	Unlimited

Fees

Signup fee	No fee
Online/Offline Purchase Fees	1.49% fiat settlement fee
Topping up fee	N/A
ATM Fees	€1.50 + 1.49% fiat settlement fee
International ATM fee	€1.50 + 2.50% foreign transaction fee + 1.49% fiat settlement fee
POS Foreign Transaction fee	2.50% foreign transaction fee + 1.49% fiat settlement fee
Card Replacement Fee	First free, €9.99 thereafter
ACH Declined	No fee
Charge back processing	No fee
Dormancy	Must make a monthly transaction
Exchange Rate Provider	/

Card Features

Instant settlement	Yes
Prepaid	N/A
Topping up limit	N/A
App Payments	Google Pay, Samsung Pay
Dual-Interface NFC/EMV (Card with chip)	Yes
Virtual Cards	Yes
Physical Cards	Yes