Remember when Bitpanda introduced the Bitpanda Ecosystem Token (BEST) together with the Bitpanda Global Exchange (now Bitpanda Pro) on the 7th of August, 2019? In the scope of just one year, BEST has evolved into the key to getting the most out of Bitpanda, offering our growing community of more than 1 million Bitpanda users a wide range of rewards and benefits.
The number of Bitpanda users holding BEST in their wallets is steadily increasing on a monthly basis, as is the number of users who are paying their trading premiums with BEST. Today, we want to thank each and every Bitpanda user holding and using BEST for your support and enthusiasm over the past year!
Celebrate with us and win BEST
250,000 BEST from the company reserve will be given away in total in this promotion on Bitpanda (not Bitpanda Pro). There are two ways you can win:
Everyone who buys at least €25 worth of BEST between the 6th of August, 2020 00:00 am (CEST) and the 13th of August, 2020 11:59 pm (CEST) on Bitpanda (not Bitpanda Pro) will be eligible to win 20,000 BEST. 200,000 BEST will be raffled to 10 users.
Plus, the user with the highest total amount purchased (multiple buys also count towards the total amount) on the 7th of August, 2020 between 00:00 am and 11:59 pm CEST will receive 50,000 BEST.
The winners will be credited on the 14th of August, 2020 and will receive BEST directly in their BEST wallet on Bitpanda.
Good luck! You can view the terms and conditions here.
Need a refresher on why you should hold and use BEST?
With BEST Rewards, you can increase your BEST holdings by up to 12% each year! All you have to do is hold BEST on your Bitpanda wallet and complete at least one monthly trade.
Bitpanda users holding BEST enjoy a 25% trading premium reduction across the Bitpanda ecosystem. This stacks with other rebates or promotions we run on Bitpanda and Bitpanda Pro.
In addition to the 25% discount, there is also a guaranteed minimum value of €0.12 until the end of 2020 when BEST is used to pay trading premiums. This value will increase by 10% each year for the following five years.
In order to constantly decrease the supply of BEST, a part of the BEST spent on trading premiums on Bitpanda is burned on a quarterly basis until 50% of the total BEST is destroyed. Learn more about the latest burn here.
Once you have at least 5,000 BEST (VIP level 1) in your Bitpanda wallet, you get access to exclusive BEST VIP votes and get a say in strategic decisions like which digital assets we add next and more.
BEST users also enjoy lower deposit fees when depositing via SOFORT or credit card on Bitpanda. As a BEST VIP (levels 2 and 3), you even benefit from 20% lower deposit fees when using credit cards and 25% lower deposit fees for SOFORT.
