Yes, Bitpanda requires full KYC verification. Bitpanda introduced mandatory identity verification in January 2020. Bitpanda is one of the largest fully regulated and licensed crypto exchanges in Europe.
Without identity verification, you can not use Bitpanda services. If you want to trade, deposit, and withdraw on Bitpanda, you must verify your identity by providing personal information.
Bitpanda KYC Requirements
In order to verify your identity on Bitpanda, you must submit personal information, including government-issued documents and proof of residence.
There are different verification types on Bitpanda, granting you access to all features on the platform.
Identity Verification
The requirements for the first KYC level are as follows:
- ID
- Passport
- Drivers Licence
- Selfie
You can find a full list of all accepted documents for Bitpanda verification here.
Bitpanda Withdrawal Limits
After verifying your Bitpanda identity, your daily withdrawal limits depend on your chosen withdrawal methods. Overall, Bitpanda has high withdrawal limits compared to other exchanges.
| KYC Level | Crypto Withdrawal Limit |
|---|---|
| Online Payments | $2,000,000 |
| Credit card | $0 |
| Bank Transfer (SEPA) | $5,000,000 |
FAQ
Does Bitpanda require KYC?
Yes, Bitpanda requires KYC verification. That means you must go through the identification process; otherwise, you can not use Bitpanda products and services.
Is Bitpanda safe?
Bitpanda is one of the largest European crypto exchanges, with over 4 million users. What we love about Bitpanda is its strong regulatory standing, with more than 12 licenses.
While Bitpanda appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Bitpanda available in the United States?
No, Bitpanda is not available in the United States. You can find a list of Bitpandas supported countries here.
