BEST.
The Bitpanda Ecosystem Token.
Your key to getting the most out of Bitpanda. Enjoy great benefits and discounts.
↓ Vision paper (PDF) ↓ Key facts (PDF)Discover more BEST Benefits
BEST offers you a wide range of rewards, perks and benefits, applicable to the whole growing Bitpanda ecosystem.
25% discount on trading premiums
Everyone who uses BEST to pay trading premiums on Bitpanda and Bitpanda Pro gets a discount of 25%. This is a constant rebate and stacks with other rebates or promotions we run on Bitpanda and Bitpanda Pro.
Guaranteed BEST value for trading premium payments
In addition to the 25% discount, we also guarantee a minimum value for BEST when paying trading premiums on Bitpanda and Bitpanda Pro. Throughout 2020, this value will be €0.12, which will increase by 10% each year for the following five years.
Regular token burns to decrease the supply
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. This means that the supply is constantly decreasing.
BEST VIP votes
When you have at least 5,000 BEST (VIP level 1) in your Bitpanda wallet, you get access to exclusive BEST VIP votes. You can have a say in strategic decisions like which digital assets we add next and more.
Lower deposit fees
Lower deposit fees when depositing via SOFORT or credit cards on Bitpanda. As a BEST VIP (level 2 and 3), you benefit from 20% lower deposit fees when using credit cards and 25% lower deposit fees for SOFORT.
And more to come
With every new feature we release we’re also incorporating a connection to BEST, so our most loyal users have some kind of additional benefit. Plus, we constantly add new incentives to hold BEST.
BEST VIP Levels
You can find your BEST VIP level in your Bitpanda account dashboard.
Level 1
(minimum 5,000 BEST)
- Claim an additional +0.05% in BEST every month (at least one trade per month).
- Participate in BEST VIP votes.
- and more to come
Level 2
(minimum 50,000 BEST)
- Claim an additional +0.10% in BEST every month (at least one trade per month).
- Participate in BEST VIP votes.
- 20% lower deposit fees when using credit cards and 25% lower deposit fees for SOFORT.
- As an affiliate, start earning 14% (instead of 10%) of the revenue share for customers you refer to us and up to 20% maximum.
- and more to come
Level 3
(minimum 500,000 BEST)
- Claim an additional +0.15% in BEST every month (at least one trade per month).
- Participate in BEST VIP votes.
- Exclusive VIP customer care support.
- 20% lower deposit fees when using credit cards and 25% lower deposit fees for SOFORT.
- Personal contact
- and more to come
FAQ
What is Bitpanda’s vision?
We are working hard on tearing down the barriers to investing and bringing traditional financial products into the 21st century. Today, Bitpanda has over 1 million users and more than 190 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike.
At its core, Bitpanda is an easy to use, straight-forward trading platform, which lowers the entry barriers and makes investments accessible for everyone. Users can currently trade cryptocurrencies like Bitcoin, Ethereum or IOTA, while we also offer innovations like digitised precious metals, stablecoins and over 30 other digital assets.
But this is just the beginning. Our mission is to tear down barriers and make investing as easy as ordering a pizza or a taxi. We are passionate about allowing everyone, no matter their budget, to get access to investment products under fair, transparent and convenient conditions.
What is the Bitpanda Ecosystem Token (BEST) and what are the benefits?
BEST is the Bitpanda token that offers the growing community of over 1 million Bitpanda users a wide range of rewards and benefits within the Bitpanda ecosystem. BEST is issued by Bitpanda. By investing in BEST, you will enjoy a reduction of up to 25% on Bitpanda trading premiums, and benefit from a wide range of upcoming features and rewards.
BEST will play a vital role in Bitpanda’s global expansion and in making our vision of changing the rules of investing a reality. BEST is the fuel of the Bitpanda ecosystem, which means that Bitpanda, Bitpanda Pro and future products will make heavy use of incorporating BEST and offering users, who hold BEST, exclusive rewards and perks.
What is the difference between Pantos and BEST?
Pantos, the joint scientific research project from Bitpanda and the Technical University of Vienna, aims to solve one of the key technical barriers in the crypto and digital asset space: interoperability between blockchains. BEST, on the other hand, is an ecosystem token for Bitpanda services, which will come with a lot of direct benefits for Bitpanda users. While the scope and features of Pantos and BEST are not the same, we aim to bring the technology developed within the Pantos project to BEST. Our goal is to implement and use Token Atomic Swap Technology (TAST), the first research endeavour within the Pantos project, as soon as it is production ready.
Where can I find out more about the legal implications for BEST?
You can find more information about this topic in our legal FAQ document for the BEST IEO.
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