Bitpanda Level 1 Review

Bitpanda

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Reviews (0)

7/10 (Expert Score)

Product is rated as #31 in category Crypto Cards

Bitpanda has four cards to chose from and all visa cards are currently only available to EU residents. Bitpanda's Level 1 is an instant settlement card that can be used worldwide. Whenever you make a purchase you will receive .50% cashback in Bitcoin. Bitpanda, allows up to €10,000 purchasing power everyday.

Bitpanda's Level 1 visa is a staking card, therefore, cardholders must hold 5,000 BEST tokens (roughly, € 3,400) in their wallet and make at least one trade a month. However, there are perks for holding 5,000 BEST token, for example, .50% cashback.

Bitpanda has done its due diligence when it comes to security. Bitpanda has cold storage, has been audited by KPMG and is registered with Austrian Financial Market Authority. Therfore, Bitpanda has taken important steps to insure their users their assets are safe on their platform.

Bipanda supports 20+ cryptocurrencies, EUR, CHF, GBP, USD, TRY, PLN fiat currencies and precious metals.

Features

7.5

Usability

9.5

Payment options

9.5

Fees and charges

Perks & rewards

Company & Reputation

Support

6.5

PROS:

.50% Cash back in Bitcoin.
Instant settlement.
Can trade precious metals, fiat and 20+ cryptocurrencies.
Virtual Card.
No monthly fees.
Cold storage.

CONS:

EU residents only.
No live support.

Specification: Bitpanda Level 1 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	Yes
Staking amount	5,000 BEST
Minimum stake Term	Indefinitely
Token Ticker	BEST

Rewards

Cashback on spending	0.5% in Bitcoin
Cashback Restrictions	No limit
Max Cashback	No limit
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 withdrawal with €1.50 fee waved + 1.49% fiat setttlement fee
International ATM fee	€1.50 fee + 1.75% foreign transaction fee + 1.49% fiat settlement fee
POS Foreign Transaction fee	1.75% 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	No fee
Exchange Rate Provider	N/A

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