Bitcoin, a popular and increasingly accepted form of currency, has gained significant popularity in recent years. Its anonymity, speed, and security have made it an attractive option for those looking to make online transactions. BitPanda is a popular platform that allows users to buy and sell bitcoin and other digital assets. In this article, we will provide a step-by-step guide on how to purchase bitcoin on BitPanda.

1. Create an Account on BitPanda

To purchase bitcoin on BitPanda, you first need to create an account on the platform. Visit the BitPanda website and click on the "Sign Up" button. You will be directed to a registration page where you need to provide your email address, a strong password, and a secure recovery code.

2. Verify Your Account

After creating an account, you need to verify your email address to activate your account. Click on the "Verify Email" link in the email sent to your email address. Once verified, you can log in to your BitPanda account and start buying bitcoin.

3. Deposit Funds to Your Account

Before purchasing bitcoin, you need to deposit funds to your BitPanda account. Visit the "Deposit" section of your account and select your preferred payment method, such as credit card, debit card, or bank transfer. Follow the on-screen instructions to complete the deposit process.

4. Select Bitcoin as Your Trading Instrument

Log in to your BitPanda account and visit the "Trading" section. Here, you will see a list of different assets, including bitcoin, ethereum, and litecoin. Select "Bitcoin" as your trading instrument.

5. Set Your Trading Preferences

Before purchasing bitcoin, you need to set your trading preferences. Under "Account Settings," you can choose your preferred trading account type (leverage or margin), set your stop-loss order, and choose your preferred trading timeframe (M1, M3, D1, W1, or MT4).

6. Confirm Your Trading Order

Once you have set your trading preferences, you can place an order to purchase bitcoin. Visit the "Orders" section of your account and click on the "New Order" button. Select "Bitcoin" as the asset type, enter the amount of bitcoin you want to purchase, and click on the "Place Order" button. You will then be taken to a confirmation page where you need to confirm your trading order.

7. Confirm Payment

Once your trading order is confirmed, you need to confirm payment. Click on the "Confirm Payment" button on the confirmation page and follow the on-screen instructions to complete the payment process.

8. Wait for Your Bitcoin to Be Delivered

Once your payment is confirmed, your bitcoin will be delivered to your BitPanda account within a few minutes. You can now view your newly purchased bitcoin under the "My Assets" section of your account.

Purchasing bitcoin on BitPanda is a simple and easy process. By following the step-by-step guide provided in this article, you can easily buy and sell bitcoin on the popular BitPanda platform. Remember to always keep your security and financial information safe when trading online.