Austria’s Bitpanda cuts fees on cash voucher purchases of cryptocurrency

In July 2017, European bitcoin exchange BitPanda launched a new service called “BitPanda to go“ which allowed for a new, fast, safe and inexpensive way to access Bitcoin at Österreichische Post AG branches all over Austria. It enabled buyers to swap cash into Bitcoin and other cryptocurrencies in blocks worth 5€, 100€, or 500€.

This week the company announced it has decided to substantially reduce the fee for buying supported coins with Bitpanda To Go vouchers to 2.99%. The joint offering by Bitpanda and the Austrian Post AG is available at over 400 Post branches and 1,350 Post partners throughout Austria.

[perfectpullquote align=”right” bordertop=”false” cite=”Bitpanda Co-Founder and CEO Eric Demuth” link=”” color=”” class=”” size=””] “The partnership with the Austrian Post AG turned out really well.”[/perfectpullquote]

Users can redeem purchases online within seconds into Bitcoin, Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash and Tezos. Once one or more vouchers have been purchased, the user just has to create an account and log in to Bitpanda using an email address.

No further verification is required. To buy any available cryptocurrency on Bitpanda the user just needs to redeem the voucher and select the cryptocurrency he wants to buy.

[perfectpullquote align=”full” bordertop=”false” cite=”Dr. Alexander Frech, Senior Vice President at Austrian Post AG” link=”” color=”” class=”” size=””]“Bitpanda To Go is constantly getting refined, which makes it even more attractive for our customers. It’s really unique, that you can buy cryptocurrencies this simple and all over the country.”[/perfectpullquote]

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