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Author Topic: PUT BITPANDA OR BITCOIN PAPER  (Read 106 times)
caro33 (OP)
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November 14, 2021, 04:17:58 PM
 #1

I have bought in shop two Bitpanda paper bonus (with codes and QR) and one Bitcoin Bonus (also with code and QR) in paper. Is it possible to redeem them by putting directly the value on my Binance wallet in Bitcoins ? How?

Or shall I spend them directly in some shop online....where can I find a list of them?

Sorry, I'm beginner, thanks for your help.

Caro
LoyceV
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November 14, 2021, 04:32:33 PM
 #2

Is it possible to redeem them by putting directly the value on my Binance wallet in Bitcoins ? How?
If you can send the balance, you can send it to a deposit address created by your Binance account.
I searched a bit, but can't find much about a "Bitpanda paper bonus". Since you bought it on paper: does it come with any instructions on how to redeem it?

hosseinimr93
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November 14, 2021, 05:21:05 PM
 #3

What's the code you are talking about? (Don't post it here, just tell us how it looks like)
Is it a private key or a seed phrase?

If that's a private key, it should start with 5, L or K. (There are other formats for a private key, but they are not common)
If that's a seed phrase, it should be a series of words (usually 12 or 24 words)

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SFR10
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November 14, 2021, 05:47:28 PM
Merited by LoyceV (4), ABCbits (3), BitMaxz (1), hosseinimr93 (1), dkbit98 (1)
 #4

I have bought in shop two Bitpanda paper bonus (with codes and QR) and one Bitcoin Bonus (also with code and QR) in paper. Is it possible to redeem them by putting directly the value on my Binance wallet in Bitcoins ?
I'm not a Bitpanda user but I did some digging and I believe you're referring to the "Bitpanda To Go Vouchers" that you can buy from post offices in Austria.


"Here's an old review" without the QR code.
Note: it comes with expiration dates.

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caro33 (OP)
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November 15, 2021, 09:16:41 AM
 #5

Thank you all for the kind help.

Yes, I got 2 “Bitpanda to Go“ as SFR10 said correctly. And one Bitcoin.at (Bitcoinbon). So as far as I understand the only way to redeem them is on the related sites, but this is very annoying because I have to open a profile and wallet on each site.... I hoped to avoid it.

In any case if I do so, then I hope I will be allowed to send the redeemed bitcoins from those sites to my Binance wallet, which is the only one which I want to keep...or?

Thank you. Too kind.

C
LoyceV
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November 15, 2021, 10:15:27 AM
 #6

I hope I will be allowed to send the redeemed bitcoins from those sites to my Binance wallet, which is the only one which I want to keep...or?
If you want to keep your Bitcoins long-term, I would recommend setting up your own Electrum wallet (on a secure system) and writing down the backup words. If it's a larger amount, you may want to consider a more secure (offline) storage system.
I wouldn't use Binance for long-term storage, only use them if you want to trade/sell. Besides, Binance is an exchange, not a wallet, which means you're moving your coins from one custodian to another (while you can keep it by yourself in your own wallet without relying on any third party).

Lucius
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November 15, 2021, 10:22:58 AM
 #7

@caro33, since you want to redeem your vouchers for Bitcoin, be careful in step 5 where you need to choose a cryptocurrency. Bitpanda probably also offers options for some altcoins that have Bitcoin in their name (BCH), so don't be confused with what you buy Wink

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dkbit98
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November 15, 2021, 11:28:15 AM
 #8

In any case if I do so, then I hope I will be allowed to send the redeemed bitcoins from those sites to my Binance wallet, which is the only one which I want to keep...or?
Don't use Binance ''wallet'' or any other exchanges for keeping your coins, because they hold your private keys, so it's not really your bitcoin.
Use exchanges only for trading, and non custodial wallets for holding your coins, good open source options would be Electrum or Wasabi software wallets.
Hardware wallets are also good option but they are not free or perfect, and more important thing whatever wallet you use is to keep your private key or seed words safe.

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November 15, 2021, 01:23:58 PM
 #9

If you want to convert those coins to another cryptocurrency, I am sure that you can do that on Bitpanda. There is no need to transfer them to Binance. Bitpanda also offers a VISA debit card that you can use to spend your crypto in places that accept credit/debit cards.

Since you mentioned Binance, do you already have an account there? Is it KYC verified? Binance no longer allows customers who haven't verified their identities to trade until they complete KYC. If you are looking to open a new Binance account, you are going to have to go through KYC as well.

A lot of people have been talking about FTX recently as a good alternative to Binance. I think they only require an email and phone number, but not a complete identity check.

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