Bitpanda adds IOTA withdraw and deposit functionality and uses latest IOTA tech

The full article was originally published by Bitpanda on Medium. Read the full article here.

In addition to offering withdrawal and deposit functionalities for IOTA, Bitpanda is one of the first companies to use IOTA Hub in a production environment.

We are very pleased to announce not only withdrawal and deposit functionalities for IOTA on Bitpanda, but also that Bitpanda now officially supports the latest IOTA tech — IOTA Hub. Thanks to a close and fruitful collaboration between developers of Bitpanda and the IOTA Foundation we were able to be one of the very first companies who are able to take full advantage of the IOTA Hub in production environment.

Main advantages of the IOTA Hub

The IOTA Hub manages all of the work related to the IOTA Tangle behind a developer-friendly API. Essentially, it translates unfamiliar concepts in IOTA into familiar concepts for both exchanges and developers. “The main idea behind IOTA Hub is to offer a standardised, open-source solution to make the integration of IOTA as simple and easy as possible for any kind of service provider. You can read more about IOTA Hub in an article I wrote for the official IOTA blog”, says Edward Greve, Head of Engineering of IOTA Foundation.

One of the main advantages of the IOTA Hub is that it manages key indexes, provides transaction monitoring, and prevents improper use of the IOTA Tangle. It also increases operational security through secure seed management and optional second-factor signatures.

Collaboration between Bitpanda and IOTA Foundation

“It has been a pleasure working together. The Bitpanda team works quickly and professionally. They were able to set up the IOTA Hub integration with very little support, which we hope demonstrates that the Hub itself is easy to use”, says Greve.

Christian Trummer, CTO and Co-Founder at Bitpanda agrees: “The IOTA Foundation started with the development of the IOTA hub at about the same time we started with IOTA integration on Bitpanda. First we started on our own, but we soon decided that we want to switch to the official IOTA hub from the IOTA Foundation. With the integration of the IOTA hub we are prepared for future IOTA changes and updates.

Bitpanda developers worked closely together with IOTA Foundation developers on many occasions. Mainly on what to optimize so the IOTA Hub can be used in production. It turned out to be a really great collaboration.

How to Buy IOTA

Buy IOTA Bitpanda
Bitpanda GmbH is a fintech company based in Vienna, Austria specialised in selling and buying IOTA and other cryptocurrencies. It has quickly grown to become Europe’s leading retail broker for IOTA, Bitcoin, Ethereum, Litecoin and more with over 1,000,000 users. You can freely choose between SOFORT-Transfer, Visa / MasterCard, NETELLER, Skrill, GIROPAY / eps, Amazon voucher (payout only), euro wallet and bank transfer payment and payout options.

Bitpanda is all about ease of use. A one-tier verification process gives you access to an intuitive, fast and secure trading experience. The fully automated platform provides both new and experienced users with complete control over their portfolio. The simplest and fastest access to buying, selling, swapping or sending IOTA and other digital assets. Euro, Swiss Franc, British Pound Sterling and US Dollar support as well as a wide range of payment and payout providers offer you extra flexibility. To stay ahead of the curve, Bitpanda continuously improves existing products while expanding the scope to introduce new services.

Why you should choose Bitpanda to buy IOTA

  • Easy and convenient

    Bitpanda provides new users with the easiest and fastest access to the world of digital assets and cryptocurrencies, while giving experienced users full control over their portfolio.

  • Buy and sell securely

    Bitpanda feels strongly about security. To ensure that everything is 100% safe, Bitpanda uses state-of-the-art technology and store your funds in secure offline wallets.

  • Fast and reliable

    You can buy IOTA, cryptocurrencies and digital assets in minutes, 24 hours a day, 7 days a week. Thanks to strong API-applications, high-end servers and a fully automated order system.

  • Multiple payment options

    You can choose between many payment and payout options, like credit card, NETELLER, Skrill, SOFORT-Transfer, GIROPAY, Sepa, Amazon and many more.

I’m new to Bitpanda. Where should I start?

  • Sign up here to Bitpanda

    Enter and confirm your email address to sign up.

  • Finish the verification and deposit funds

    Easily get verified through a Bitpanda verification partner.

  • Start buying and selling IOTA

    Log in to start buying or selling IOTA and more.

Bitpanda believes in the innovative power of cryptocurrencies, digitised assets and blockchain technology. The mission is to tear down the barriers to personal finance and bring traditional financial products into the 21st century. In case you are stuck, the Bitpanda Support is at your disposal at any time.

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We do not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions

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