What is the trade only mode?

If a cryptocurrency is in trade only mode, it means it is currently only available for purchase and sale on Bitpanda.

Currently in trade only mode

  • Chainlink (LINK)
  • Ethereum Classic (ETC)
  • NEO (NEO)
  • Cardano (ADA)
  • Tezos (XTZ)

Once all the wallet features, such as sending and receiving, are available, we will announce this. When exactly that will happen depends on the final testing to ensure security and functionality.

The following procedure will also stay the same for additionally added cryptocurrencies:

  1. First we offer a trade only wallet, with which our users can buy and sell
  2. A bit later a fully functional wallet will be available

The time needed can vary for each coin between a few days or weeks, depending on the final testing to ensure security and functionality. This plan allows us to add new cryptocurrencies fast, while offering the same flexibility and features as you already know from our existing ones later. Including unlimited wallets, free and instant sending to other Bitpanda users and of course withdrawal options.

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