Bitpanda Level 2

Bitpanda Level 1 Review

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7/10 (Expert Score)
Product is rated as #34 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
7
Perks & rewards
7
Company & Reputation
8
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
KYC
Credit Check No
Savings Information
Supported Fiat Currencies , , , , ,
Supported Cryptocurrencies , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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
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
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing Yes
2FA Yes
Asset protection & Insurance
Audited KPMG
Cold Storage Yes
Company Backing /
FDIC insurance No
Insured by /

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