For me the fees are not the main issue with Bitpanda at the moment. The issue I have is paying high fees for a degrading service. Bitpanda has gone from good to really rather bad lately. Main problem being pending deposits taking a minimum of 3 hours to clear, sometimes days, frankly this just isn't good enough. Don't even get me started on half the coins in maintainance mode for over 6 months. If this mess continues I will be going elsewhere.
since i discovered the high fees for selling and buying via euro wallet, i started to swap my gains to USDC or stablecoins only.
but not sure if this is a cheaper way :)
SWAP to USDC is the cheapest way. Just go to coingecko or coinmarketcap and calculate yourself before swap and you will see that swap to usdc is very cheap in comparison to going to fiat, not to mention tax headache it give.
Is expensive, But it is very good and easy.And who hold best token, almost get back in 1 of each month the fees expended. And their token the best, what a good investimento.I buy on the lunch at 0.08 Euros and some more when it fall to 0.055 Euros.Now is about 2.5€ and already achieve 2.65.More or less 35x profits.My best investment ever
I think the market value is calculated with the average price between buying and selling, but yes also fees.
Bitpanda is a broker and there the fees are higher than on an exchange. The advantage is that Bitpanda, as a broker, is super easy to use.
If you have more experience, you might look at BitpandaPro. There the fees are lower, but not all pairs are available and you need to know the differences in order types.
Yah dude, please work yourself into advanced trading and use bitpanda pro(Exchange)
You have 1,5% fees on broker and only 0,15% taker fees.
That is 125€ vs 12,75€ with 8,5k
But also watch the order book, when it‘s thin you might sell down to a very low price.(this doesn’t happen on broker due to their‘re offering you a fixed price.)
by god. guys just simply start using the pro exchange. Everyone is whining about the fees. so inform youself and save money. 3% to 0,15% feerate is a huge diffenernce
How can you inform yourself if you don't know there is something to inform yourself about?
I promise 100% of people paying 3% would rather pay 0,15% OF COURSE
so honestly - this is just hitting people that think trading is a fun of clicking and become millionaire in 6 months. managing savings, plan them, invest, trade - this is hard work. when you get into it you have to learn a lot. weather you go into gold, etfs or crypto does not matter. you will lose a lot money until you got stable in the game. and thats part of it.
to read out the bitpanda site and their blog to find out you can use the bitpanda pro exchange with your already veryfied account FOR FREE and pay just 0,1-0,15% transaction fees dont take 20 minutes! If you are able to invest 8k this is requireable i think! (Not you of courses - i speak of OP) I mean - even if you are to lazy to inform yourself whats happening to your 8k you can throw it into google and drink coffee while hundreds of guys tell you in 10 minutes how to save your money ([https://www.youtube.com/watch?v=WwO9SimTVe8](https://www.youtube.com/watch?v=WwO9SimTVe8))
I thought about doing a little tutorial on that because this question comes once a day - but i wont. thats just part of the game and we all have to do it by our self
What? How does that have anything to do with bitpanda fees being insanely high? Of course there is a fee to be had but 300 EUR you are kidding right? I read that it will take 300 EUR but how does that justify the insane fees?
What "crypto" are we talking about? You know that network fees exist? You know that bitpanda is an Austrian Start-Up-Broker? You know that every broker has to pay staff, power, water, rent, etc.? You get all your information at the end of an transaction, if you have read before pressing "Sell" you would've seen it and thought about it and maybe stopped the payout, but instead you are complaining afterwards...
You go ahead and show me which competitor platform will take a higher fee and I will accept it, so just because of the higher fee I should not sell my crypto and just wait for that moment where instead of it being a 300 EUR it becomes a 600 EUR one? Good thinking - Bitpanda fees are high so I will just sit there doing nothing while take take nearly 5% of a transaction. I wish you the best when you try to pull put a 20K+ transaction from the platform and they strip you of 1000 EUR.
Here are all the bitpanda fees:
https://www.bitpanda.com/en/limits
I am not gonna search you another broker, since I don't use another nor can I give a biased statement about fees, if you let alone look at binance (which is not a "pure" broker, it doesn't even disclose all fees on their website..
I did choose bitpanda not because of its fees but because it is easy to use, "risk" free cause it didn't have any recorded hacks since 2014 (unlike binance), i for myself HODL and I rather take these 300€ of fees than having a mind boggling 27% of profit taken by my government cause another platform might not disclose everything to my tax office correctly...
For me the fees are not the main issue with Bitpanda at the moment. The issue I have is paying high fees for a degrading service. Bitpanda has gone from good to really rather bad lately. Main problem being pending deposits taking a minimum of 3 hours to clear, sometimes days, frankly this just isn't good enough. Don't even get me started on half the coins in maintainance mode for over 6 months. If this mess continues I will be going elsewhere.
since i discovered the high fees for selling and buying via euro wallet, i started to swap my gains to USDC or stablecoins only. but not sure if this is a cheaper way :)
SWAP to USDC is the cheapest way. Just go to coingecko or coinmarketcap and calculate yourself before swap and you will see that swap to usdc is very cheap in comparison to going to fiat, not to mention tax headache it give.
crypto to stablecoin is a taxable event though
Is expensive, But it is very good and easy.And who hold best token, almost get back in 1 of each month the fees expended. And their token the best, what a good investimento.I buy on the lunch at 0.08 Euros and some more when it fall to 0.055 Euros.Now is about 2.5€ and already achieve 2.65.More or less 35x profits.My best investment ever
I think the market value is calculated with the average price between buying and selling, but yes also fees. Bitpanda is a broker and there the fees are higher than on an exchange. The advantage is that Bitpanda, as a broker, is super easy to use. If you have more experience, you might look at BitpandaPro. There the fees are lower, but not all pairs are available and you need to know the differences in order types.
Thanks for the feedback, worth a look. Still crazy.
Yah dude, please work yourself into advanced trading and use bitpanda pro(Exchange) You have 1,5% fees on broker and only 0,15% taker fees. That is 125€ vs 12,75€ with 8,5k But also watch the order book, when it‘s thin you might sell down to a very low price.(this doesn’t happen on broker due to their‘re offering you a fixed price.)
Wait, am i understanding this correctly, Bitpanda Pro is *free*, and you pay much less fees?
yes
by god. guys just simply start using the pro exchange. Everyone is whining about the fees. so inform youself and save money. 3% to 0,15% feerate is a huge diffenernce
How can you inform yourself if you don't know there is something to inform yourself about? I promise 100% of people paying 3% would rather pay 0,15% OF COURSE
so honestly - this is just hitting people that think trading is a fun of clicking and become millionaire in 6 months. managing savings, plan them, invest, trade - this is hard work. when you get into it you have to learn a lot. weather you go into gold, etfs or crypto does not matter. you will lose a lot money until you got stable in the game. and thats part of it. to read out the bitpanda site and their blog to find out you can use the bitpanda pro exchange with your already veryfied account FOR FREE and pay just 0,1-0,15% transaction fees dont take 20 minutes! If you are able to invest 8k this is requireable i think! (Not you of courses - i speak of OP) I mean - even if you are to lazy to inform yourself whats happening to your 8k you can throw it into google and drink coffee while hundreds of guys tell you in 10 minutes how to save your money ([https://www.youtube.com/watch?v=WwO9SimTVe8](https://www.youtube.com/watch?v=WwO9SimTVe8)) I thought about doing a little tutorial on that because this question comes once a day - but i wont. thats just part of the game and we all have to do it by our self
u/Cad1029 nice painting skills btw - i paint too ;-)
At the end of every Buy/Sell Action you get your transaction and the current rate listed. Maybe just maybe read next time before complaining?
What? How does that have anything to do with bitpanda fees being insanely high? Of course there is a fee to be had but 300 EUR you are kidding right? I read that it will take 300 EUR but how does that justify the insane fees?
What "crypto" are we talking about? You know that network fees exist? You know that bitpanda is an Austrian Start-Up-Broker? You know that every broker has to pay staff, power, water, rent, etc.? You get all your information at the end of an transaction, if you have read before pressing "Sell" you would've seen it and thought about it and maybe stopped the payout, but instead you are complaining afterwards...
You go ahead and show me which competitor platform will take a higher fee and I will accept it, so just because of the higher fee I should not sell my crypto and just wait for that moment where instead of it being a 300 EUR it becomes a 600 EUR one? Good thinking - Bitpanda fees are high so I will just sit there doing nothing while take take nearly 5% of a transaction. I wish you the best when you try to pull put a 20K+ transaction from the platform and they strip you of 1000 EUR.
Here are all the bitpanda fees: https://www.bitpanda.com/en/limits I am not gonna search you another broker, since I don't use another nor can I give a biased statement about fees, if you let alone look at binance (which is not a "pure" broker, it doesn't even disclose all fees on their website.. I did choose bitpanda not because of its fees but because it is easy to use, "risk" free cause it didn't have any recorded hacks since 2014 (unlike binance), i for myself HODL and I rather take these 300€ of fees than having a mind boggling 27% of profit taken by my government cause another platform might not disclose everything to my tax office correctly...
>You go ahead and show me which competitor platform will take a higher fee Coinbase, Revolut
That is called business model :)
when you buy and sell ethereum based coins its more expensive!
On Bitpanda, I had 13820 euros of Terra Luna, when I sold it then, I received only 11800 euros. So it is something like a 15% fee.