Your money is really safe here

The last few months have hit the crypto market hard. The last few weeks in particular have made it clear why choosing a regulated and safe investment platform is absolutely essential.

We witnessed how one of the most established hedge funds in the crypto world (3 Arrows Capital) went bankrupt and was swallowed up overnight due to insufficient risk management.

In addition, entire cryptocurrencies (Terra Luna) collapsed. The associated stablecoins destabilized, leaving a billion-dollar hole in the crypto market. A small mistake in the code or in the economic theory was enough.

And if that wasn’t enough, FTX, one of the largest and most reputable exchanges, finally turned out to be a bad apple. There the deposits of users were used and they were simply reinvested.

Bear market fears are penetrating the deepest corners of the crypto market, and heroes who were celebrated in the crypto public’s light are now being sought by law enforcement agencies. Consequently, the question arises: what can we still trust?

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Bitpanda is safe and trustworthy

In an industry in which many unregulated players are up to mischief, a regulated player from Austria – Bitpanda – great importance to consumer protection.

Bitpanda came to make wealth accumulation easier. The fintech was founded in Vienna in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer to help people trust themselves enough to build financial freedom for their future. In order to really enable everyone to invest, Bitpanda provides a platform without digital walls or complex barriers, which enables investments in digital assets – around the clock and according to individual budgets.

To this end, Bitpanda makes a simple but fundamental promise to its users: you can always trust Bitpanda to keep your assets safe.

At Bitpanda, the user himself is the beneficial owner of the crypto assets; the company merely assumes and holds the role of trustee. In other words: your assets are and remain your investments, Bitpanda only takes care of their safety.

Regulated by law
Bitpanda has been pioneering cryptocurrencies for eight years now and is one of the safest and most regulated platforms in Europe. Bitpanda Group scrupulously follows European laws and regulations and operates on the basis of various VASP registrations as well as MiFID II, E-Money and PSD II licenses in all of its core markets. Bitpanda recently became the first European retail investment platform to receive the crypto custody and proprietary trading license from the German financial regulator BaFin.

Cold storage and regular checks
In concrete terms, this means: At Bitpanda, all crypto assets are kept in cold storage in a high-security vault and regularly checked by an external auditor. This means that if something goes wrong, you cannot be legally treated as an unsecured creditor and you do not run the risk of losing your assets. Instead, you exercise your right to preferential treatment in accordance with Austrian law. No dubious games with user deposits.

Bitpanda’s Proof of Crypto Reserves

To prove Bitpanda is staying true to this commitment, the fintech recently commissioned KPMG with an additional audit of the top 5 assets by volume under management – ​​BTC (Bitcoin), ETH (Ethereum), ADA (Cardano), XRP (Ripple) and DOGE (Doge) – commissioned. On November 18, 2022, KPMG determined that the crypto holdings of BTC, ETH, ADA, XRP and DOGE held in Bitpanda’s cold storages exceeded all accumulated customer balances.

Bitpanda’s user-friendly trading platform allows both beginners and seasoned experts to invest in a wide range of digital assets without a minimum amount, 24/7. The Bitpanda iOS and Android apps offer a modern solution for tracking and trading the price developments of your investments on the go. Users who prefer the traditional set-up with a computer can of course also use Bitpanda via web app on the desktop. With more than 730 team members and almost 4 million customers, the company is one of the most successful fintechs in Europe.

Create your account at Bitpanda in a few minutes.

How to get started at Bitpanda

If this convinces you and you want to keep your assets as safe as possible on Bitpanda, here’s what you need to do:

• Register on Bitpanda and log into your Bitpanda account via the desktop application.
• Click on “Deposit”,
• Click on “Cryptocurrencies”,
• Click on “Create new address”.

Use the deposit address you just created to securely transfer your assets to Bitpanda (please make sure your assets are compatible with the deposit address. If not, they will be irretrievably lost).

The Bitpanda iOS and Android apps offer the perfect solution for tracking and trading the price developments of your investments on the go. Users who prefer the traditional set-up with a computer can of course also use Bitpanda via web app on the desktop.

Whatever you decide, one thing is for sure: Bitpanda attaches great importance to the protection of users and compliance with regulatory requirements, thus providing a haven of calm in an otherwise highly turbulent crypto market.

Visit the Bitpanda official website and get started right away.