Training Example: Bitpanda – Review the Data, Give Your Score & Compare to the Real AI Evaluation

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[H1] When crypto, then Bitpanda
Join over 7 million customers and trade 600+ cryptocurrencies on Bitpanda.Start investing
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[H3] 600+ cryptoassets
Buy, sell or swap cryptoassets and crypto indices.Learn more
[H3] Invest your way
Explore our exciting features, including staking, savings plans, limit orders, and more. Learn more
[H3] Safe and secure
Safety is at the core of Bitpanda’s identity. With cutting-edge technology and a commitment to transparency, we give you the peace of mind to invest with confidence. Learn more
[H2] All your cryptoassets. All on Bitpanda.
[H2] Cryptocurrencies
Buy, sell, and swap the cryptocurrencies you want anytime, anywhere.
[H2] Crypto Indices
Auto-invest in the whole crypto market with a single click.
[H2] More than an investment platform
Bitpanda Spotlight
[H2] The new stars on the crypto horizon
Get early access to new, hard-to-find and fast-moving crypto projects on our secure platform.Learn more
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Security
[H2] Best-in-class security
With cutting-edge technology and a commitment to transparency, we give you the peace of mind to invest with confidence. Learn more
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How it works
[H2] Get started in minutes
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01RegisterSign up to create your free Bitpanda account.Get started
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02VerifyVerify your identity with one of our trusted verification partners.Get started
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03DepositDeposit your funds securely through popular options.Get started
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04DiscoverExplore our wide range of digital assetsGet started01020304Disclaimer: While we’ve designed our account opening and verification process to be streamlined, phrases such as “get started in minutes” refer specifically to the time required to complete our sign up process and create your account. This does not mean:You can begin trading immediately after account creation. All UK cryptoasset platforms are required to impose a mandatory 24-hour cooling-off period before you can execute your first trade, during which you cannot transactVerification times vary depending on documentation quality, system availability and other factorsThe actual time to begin trading is therefore account setup time plus the mandatory 24-hour cooling-off period.All assetsAll assetsCryptoCrypto IndicesSee all pricesFigures shown refer to the past, and are based on gross performance. Past performance is not a reliable indicator of future results, and fees will reduce your net returns. Reference period: last 24 hours. Source: Bitpanda, based on prices from multiple trading venues. Please review the risk disclosure before investing.
[H2] Boost your financial literacy skills
[H2] The Crypto Knowledge Hub
Explore all things cryptoassets, investing, staking, and more.Find out more
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[H2] Crypto trading for beginners
How can you learn crypto trading? Read now!Visit Blog
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[H2] Questions? We’re here for you
[H3] Community
Join our online community so you can be the first to hear about company news, new products and more.Join us
[H3] Contact us
Visit the Bitpanda Helpdesk if you need more assistance. We are always available to lend a helping hand through our contact form.Go to Helpdesk

[H1] Cryptocurrency prices
Explore popular cryptocurrencies and track the prices of individual coins and tokens in real-time.Dive deeper into your favourite cryptocurrencies with a detailed analysis of price history, current market trends, and market capitalisation.Staking coinsExploreThe figures shown refer to the past. Past performance is not a reliable indicator of future results.All assetsCryptoCrypto Indices1D
[H2] Understanding cryptocurrency prices
Cryptocurrency prices are ever-evolving and determined by several important elements, including market sentiment, supply and demand, and macroeconomic factors. Let's take a closer look at how prices are formulated:Like any exchange of goods, the balance between buyers (demand) and sellers (supply) plays a crucial role in determining prices. More demand usually pushes prices up, while more supply tends to drive them down. Crypto prices often fluctuate with market sentiment and global news, usually the sources of these price swings. The term frequently used is 'volatility', which refers to the unpredictable nature of crypto rates, which can be both beneficial and detrimental for investors.
[H3] The dynamic nature of prices
Like  any exchange of goods, the balance between buyers (demand) and sellers (supply) plays a crucial role in determining prices. More demand usually pushes prices up, while more supply tends to drive them down.Crypto prices often fluctuate  with market sentiment and global news, usually the source of these price swings. The term frequently used  is 'volatility', which refers to the unpredictable nature of crypto rates, which can be both beneficial and detrimental for investors.
[H3] Broker vs. Marketplaces – Why prices can differ
Many people wonder why prices vary between brokers and marketplaces. Well, the answer lies in differences in operational models, fees, liquidity, and even regional factors. Not all platforms are created equal.Crypto Brokers: Brokers act as middlemen and often facilitate trading at set prices. They might include a markup or markdown, reflecting their operational costs and desired profit margins.Crypto Marketplaces: Also known as exchanges, these platforms allow buyers and sellers to trade directly. The prices here are purely determined by current trading dynamics.Get started
[H2] Top cryptocurrencies listed
In a sea of thousands of cryptocurrencies, focusing on the top-tier projects like Bitcoin or Ethereum can provide clarity and direction to an investment strategy. But what does it mean when we people  talk about the "top cryptocurrencies"?
[H3] What are the top cryptocurrencies?
The top cryptocurrencies refer to the most popular and highly valued coins in the market. These coins often lead in terms of market cap, technology, community engagement, and trading volume. They are often at the forefront of technological innovation, backed by robust security measures and supported by trustworthy teams.
[H3] The top 100 cryptocurrencies
Understanding the top 100 cryptocurrencies can provide insight into broader trends, including emerging niches and sectors like decentralised finance (DeFi) or non-fungible tokens (NFTs). This group changes over time, reflecting shifts in sentiment, technological developments, and economic factors. Keeping an eye on these dynamics can guide investment decisions.In the fast-paced world of crypto trading, it can be tempting to gravitate towards the "cheapest" options, hoping to discover the next big thing. But is cheaper always better with cryptocurrencies? This article does not constitute investment advice.Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency, serving as digital money that operates independently from banks or governments on a blockchain network. It's decentralised, secure, and widely accepted.Ethereum (ETH): Unlike Bitcoin's primary focus on digital currency, Ethereum's innovation lies in its ability to facilitate a wide range of programmable transactions, making it a fundamental driving force behind the broader blockchain ecosystem and the creation of various decentralised applications and tokens.Ripple (XRP): XRP specialises in swift and affordable cross-border transactions for banks and financial entities. Unlike Bitcoin and Ethereum, Ripple aims to revolutionise traditional banking by enabling real-time settlements, playing a vital role in global financial services.Researching the history, features, and vision behind other top coins and tokens like Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT) can add further context to why these cryptocurrencies are in the top 100.Understanding these cryptocurrencies can help simplify initial investment choices, combined with a measured approach consisting of diversification and ongoing research.For those exploring the option of diversifying their crypto holdings, Bitpanda Crypto Indices (BCI)1 represents an attractive, hassle-free solution. BCI allows you to acquire a variety of cryptocurrencies at once, broadening your portfolio and spreading the risk across several digital assets.1: The Bitpanda Crypto Indices are each a basket of cryptoassets, having one of a number of strategies, which provide exposure to a certain cryptoasset sector or bracket of the cryptoasset market. The weighting of the allocation of the cryptoassets and the calculation and recalculation of the allocation of the cryptoassets in each Bitpance Crypto Index is determined by an independent third party and not by Bitpanda.Your legal relationship in respect of the Bitpanda Crypto Indices is exclusively with Bitpanda Broker UK Ltd ("Bitpanda UK"). However, Bitpanda GmbH, as the issuer of the Bitpanda Crypto Indices, has prepared a prospectus in connection with the Bitpanda Crypto Indices. The prospectus does not represent an offer in the UK, and it does not form part of the contract between you Bitpanda UK, but Bitpanda GmbH has consented to the provision to you of the prospectus, solely for the purpose of helping you to understand the characteristics and risks of investing in a Bitpanda Crypto Index. Make sure that you understand all the relevant aspects of the product, including its risks, before you invest in a Bitpanda Crypto Index.
[H3] Factors influencing cryptocurrency prices
When it comes to understanding the turbulent world of crypto, several interconnected factors come into play. You may have found yourself wondering at times why the price of your favourite coin is soaring or plummeting. Here's an in-depth look at the key factors that influence price fluctuations:Market Demand and Supply: Similar to traditional markets, the balance of buyers and sellers is the heartbeat of the cryptocurrency rates. If more people want a particular cryptocurrency (demand), the price goes up. If more people are selling (supply), the price goes down. Technological Developments: In the fast-paced tech industry, innovations and upgrades can have a big impact on the appeal of a cryptocurrency. For example, if there’s a software update that makes a cryptoasset more secure or efficient, then these types of technological advancements can draw more interest, pushing up the price.Regulatory Changes: Governments and their regulations can be friends or foes to cryptocurrencies. A government that embraces crypto can boost public trust and drive up prices. Conversely, strict regulations or bans can scare off investors, causing rates to drop. Staying up-to-date with legal developments is crucial for any serious crypto trader.External Economic Factors: Major global events and general economic trends can sway markets. Economic stability, inflation rates, or even political unrest can influence investor behaviour. For instance, during times of economic uncertainty, some cryptocurrencies could be seen as a safe haven, driving up demand.Media and Public Perception: Never underestimate the power of public opinion. Positive news coverage about a cryptocurrency can create excitement, luring more buyers and driving up the price. Conversely, scandals or negative opinions from prominent figures can have the opposite effect. Even a social post from a famous entrepreneur can send prices skyrocketing or plummeting!The fascinating thing about crypto is how all these factors interplay. A technological advancement might spark media interest, influencing public perception, which then affects demand and supply. Understanding these connections can give you an advantage in predicting trends and making more informed trading decisions.
[H3] Understanding market capitalisation and synergising analysis
Navigating the complex world of cryptocurrency requires more than a basic understanding of prices, and understanding market capitalisation is crucial to add depth to your trading knowledge and investment strategy - but what is market cap? Market cap is the total monetary worth of a cryptocurrency in the market. To calculate it, you multiply the current price of a single coin by the total number of coins in circulation. For example, if a coin is worth $10 and there are 1 million of them, the market cap would be $10 million. Market cap matters because it’s like a snapshot that reveals a cryptocurrency's size and worth. While the price can provide an idea of a crypto's worth, market cap provides a more holistic view. A high market capitalisation usually indicates stability and lower risk, whereas a lower market cap might indicate more potential for growth or risk. Using market capitalisation in your analysisLooking at the price alone is like trying to understand a movie by watching a single scene. Combining price data with market cap analysis allows for more profound insights. For example,  we have two cryptocurrencies: crypto (A) is priced at $100 with a market cap of $1 billion, and crypto (B) IS priced at $10 with a market cap of $500 million. Though crypto (A) is more expensive, its higher market cap might indicate more stability and less risk, while crypto (B) might present a better growth opportunity. While important, it's essential to recognise that capitalisation isn't the end-all-be-all. Other factors like trading volume, supply data, and technological development must also be considered for a well-rounded investment strategy.
[H3] Navigating the crypto price charts
Cryptocurrency charts may look like abstract art to the untrained eye, but they're an essential tool for anyone trading cryptocurrencies. Whether you’re an expert or new to crypto investment, we're here to help you make sense of these seemingly imposing and complex price charts. Types of Charts and trendsLine charts: These are entry-level charts. Simple and straightforward. They trace the rate over time with a line and are a great starting point to see general price trends.Candlestick charts:  These charts provide more detailed information by showing the opening, closing, high, and low rates during a specific period. At first glance, they may look complex, but over time, they are incredibly insightful.Upward trends: If you identify a series of higher highs and higher lows, that's an upward trend, which often signals bullish sentiment.Downward trends: Conversely, lower highs and lower lows indicate a downward trend, possibly reflecting bearish sentiment.Patterns and indicators: Beyond simple trends, you can delve into specific patterns like "head and shoulders" or "double tops." These can signal potential future movements.Importance of Technical AnalysisTechnical analysis is the practice of predicting future prices based on past movements and trading volume. By identifying patterns and trends, technical analysis can help gauge general sentiment, entry and exit points, and potential investment opportunities. It's a vital tool for novice and pro traders alike. From Moving Averages to the Relative Strength Index (RSI), learning to read and understand price charts can be difficult at first, but these tools and analyses can greatly enhance trading prowess. Whether you're looking to day trade or make long-term investments, understanding these charts is key to making informed decisions. Bitpanda Savings Plan 2 can help investors looking to grow their holdings over the long term. With consistent investments over a long period, investors can benefit from the cost-average effect. The expense of an investment corresponds with the mean asset price over time, which can significantly reduce the influence of abrupt price changes.2: The Bitpanda Savings Plan product enables the ongoing acquisition of assets on the platform.
[H3] Finding Value: Cheapest vs. most expensive cryptocurrencies
In the fast-paced world of crypto trading, it can be tempting to gravitate towards the "cheapest" options, hoping to discover the next big thing. But is cheaper always better with cryptocurrencies?Cheap vs. expensive: A Matter of PerspectiveJust because a cryptocurrency has a low price doesn't necessarily mean it's a bargain. A low price tag might be appealing at first glance, but it's essential to consider other factors like market cap and potential for growth. Furthermore, a high-priced crypto might not be "expensive" if it has strong fundamentals, a robust community, and promising technology behind it.Sometimes, a low price is merely a reflection of a large number of coins in circulation. Think of it like slices of a pie: the more slices, the smaller each piece, but the pie's overall size stays the same. Additionally, evaluating a cryptocurrency's market cap can provide a more nuanced view of its worth and potential, rather than just looking at the price. It's a myth that investing in the cheapest coins will lead to enormous profits. Though it may happen from time to time, it's a high-risk strategy.  While it might be tempting to buy thousands of low-priced altcoins, quality should always trump quantity and investigating cryptocurrency projects, the team, technology, and roadmap is vital before diving in.Navigating the landscapeWhether investing in low or high-priced cryptos, thorough research is vital before making any investment decisions.  Read the project's whitepaper, explore community engagement, partnerships, and learn more. Finding value in the cryptocurrency sphere is about more than simply hunting for the lowest price or avoiding the highest. Understanding the underlying factors that contribute to the going rate, such as market cap and circulating supply, can lead to more informed and successful investment decisions.This article does not constitute investment advice. Get started

[H1] Why your assets are safe with us
Customer safety is our first goal - this is how we approach security.
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[H3] +7,000,000
users
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[H3] 7.7k
trusted reviews
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[H3] All
our funds are regularly validated
[H2] Security at Bitpanda
[H4] Financial Transparency
We are a leading crypto investment platform, we believe in doing things the right way, not the easy way, which is why we choose to be fully transparent, and to have our funds and business practices regularly validated by external parties.
[H4] User data protection
Bitpanda only processes your personal data for the purposes permitted according to the UK Data Protection Act. We do not use personal data for automated decision-making, including profiling, and we have several security measures in place to make sure your data is safely stored and processed. Learn more.
[H4] Asset protection
We prioritise keeping your assets safe, incorporating multiple security measures to protect them from potential threats. Crypto assets are stored in highly-secure cold storage facilities that are examined by an external auditor. Your assets are yours.
[H4] Advanced Encryption
Bitpanda infrastructure and systems are secured with the most modern encryption technologies and supported by our dedicated security teams.
[H4] 24/7 Coverage
As the markets are open 24/7, so are we. Our Operations, Security and Engineering teams operate on a 24/7 coverage model to respond to any changes within the markets.Asset Protection and Custody Disclaimer Bitpanda holds your cryptoassets as trustee on your behalf, meaning you retain beneficial ownership in your cryptoassets (see the E-Token Terms for more details). However, you should be aware that:Your cryptoassets are not covered by the Financial Services Compensation Scheme (FSCS).You will not be able to refer disputes about our cryptoasset services to the Financial Ombudsman Service (FOS).While we employ advanced security measures, including cold storage, and conduct regular security audits, these measures reduce but cannot eliminate all risk of loss, theft or technical failure.Cold Storage and Security Measures DisclaimerOur security infrastructure, including cold storage facilities, encryption technologies, and 24/7 monitoring, is designed to protect your assets from threats. However, these measures are protective controls and do not constitute a guarantee against all risks. Cryptoasset investments remain high-risk, and technological or security failures could result in partial or total loss of your investment.Certifications Disclaimer Bitpanda has attained ISO27001 certification and SOC 2 Type 1 reporting, demonstrating our commitment to security and compliance standards. These certifications reflect our security program's alignment with industry best practices but do not eliminate the inherent risks associated with cryptoasset investments or guarantee protection against all potential security threatsData Protection and Account Security Disclaimer We comply with the UK Data Protection Act and implement multiple security measures to protect your personal data and account access. However, you remain responsible for maintaining the security of your account credentials, enabling multi-factor authentication (MFA), and following security best practices. Compromise of your account through phishing, social engineering, or credential theft is unlikely to be recoverableOverall Ease of Use DisclaimerWhen we describe Bitpanda as “easy”, “intuitive” or “designed for beginners”, we mean our platform interface is designed to be accessible to users with varying levels of experience with cryptoassets. This does not meanUsing our platform requires no financial knowledge; you remain responsible for understanding the risks associated with cryptoasset investments, even if the platform is easy to use A “simple” or “easy” interface does not mean that cryptoassets are a simple investment; cryptoassets remain complex investments with significant price volatility and operational risksAccessibility does not eliminate your responsibility to conduct due diligence and make informed investment decisions.
[H2] Best-in-class security
Possessing internally maintained security programs is one thing, but having them measure up to industry standards and validating them by achieving best-in-class certifications is another. The latter is much more difficult and time-consuming, but if you want to be a safe company, it is necessary and worthwhile. Our ISO27001 certification proves we do it.While we implement robust security measures including cold storage, encryption, and ISO27001 certification, no digital platform can guarantee absolute security. Cryptoassets carry inherent risks, including the potential loss of access to your assets due to technological failures, cyber-attacks, or other unforeseen events. You should only invest what you can afford to lose.
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[H2] Secure
We have attained the SOC 2 Type 2 report. This is a significant achievement that demonstrates our ongoing commitment to the highest security and compliance standards.
[H2] Keeping your account secure
[H4] Password Management
User passwords are stored using the most trusted and modern hashing algorithms. Nobody can read or decrypt them, including us.
[H4] MFA
If activated by the user (highly recommended by Bitpanda) time-based one-time passwords and multi-factor authentication to defend against security threats and additional 2FA in case of user password compromise.
[H4] KYC / AML
Robust KYC onboarding and verification procedures, and fully compliant with UK Anti-Money Laundering Regulations
[H4] Account Lock
Users are prompted via email to verify every password reset request and to freeze their account if the request was not initiated by them.
[H4] Session Management
Bitpanda allows users to see which browsers and devices they are logged in from to control their account access.
[H4] Account monitoring
Important notifications to the user to ensure overview of user account activity.
[H2] Platform Security
[H3] Infrastructure safeguards
We have a system of layered technical defences in place to safeguard our platform and to uphold the confidentiality, integrity and availability of our infrastructure. Additionally, we practise secure software development lifecycle in order to build our products
[H3] Internal security measures
Our internal security teams ensure the day-to-day activities of our colleagues take place in a secure manner as part of a safe and controlled environment. We build and run our insider threat monitoring programme and regularly conduct training exercises to increase awareness of security topics across the organisation.
[H3] Continuous security assessment
Routine assessments of our security controls and processes through exercises like penetration tests completed by reputable external parties, proactive internal threat hunting, as well as our public Bug Bounty programme ensure that we can prevent potential attacks and minimise risk.
[H2] FAQ
Is Bitpanda safe?We take our users’ safety very seriously. Security is a natural and foundational part of everything we do from developing and deploying code to building and running our platform.Who owns my assets?When you invest with Bitpanda, you do. You are the beneficial owner of your assets (crypto assets) and we hold them in custody, as a trustee. It’s your investment, your assets - we just keep them safe.Bitpanda operates as a trustee - what does that mean for our clients?Bitpanda manages client assets as a trustee, the client remains the beneficial owner. But what does that mean?Bitpanda holds clients crypto assets as trustee under a legally binding trust agreement with its customers and therefore there is a legally binding separation between our own assets and those of our customers.How does ownership of the assets included in the crypto indices work?Ownership works just like with other assets. You are acquiring each single asset and not a basket.Do we plan on integrating hardware wallet interoperability?Thanks for your suggestion. We are working around the clock to improve our blockchain infrastructure, so our customers have all deposit/withdrawal options they need. Withdrawing or depositing to and from Bitpanda to your Ledger is already possible, by simply using your ERC-20 deposit/withdrawal address. A deeper integration is not planned right now, but we can consider it for the future. Hope this answers your question.What does cold wallet storage mean? How does it work?Bitpanda holds all assets of customers as a trustee and these are 100% backed by real assets and kept in a highly secure environment (warm and cold wallets). We do not speculate with our clients’ assets and they are never used as collateral.How does this work when Staking is involved?With staking, we simply delegate the crypto assets, so the funds are always under our control.This article is distributed for informational purposes, and it is not to be construed as an offer or recommendation. It does not constitute and cannot replace investment advice.Bitpanda does not make any representations or warranties as to the accuracy and completeness of any information contained herein.Cryptoassets are a high risk investment. You could lose all the money you invest. You are not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service.

Estimated reading time: 2 minDue to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
[H3] What are the key risks?
[H4] 1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
[H4] 2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here.
[H4] 3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
[H4] 4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.You should do your own research before investing. If something sounds too good to be true, it probably is.
[H4] 5. Don’t put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.A good rule of thumb is not to invest more than 10% of your money in high-risk investments https://www.fca.org.uk/investsmart/5- questions-ask-you-invest.If you are interested in learning more about how to protect yourself, visit the FCA’s website here.For further information about cryptoassets, visit the FCA’s website here.www.bitpanda.com/en-gb