Terms and explanatory notes

“Bitpanda Pro Trading Competition Cyber August”

1. General 

The following Terms (“Terms”) govern the rules for participating in the Bitpanda Pro Trading Competition (“Competition”) of Bitpanda GmbH, with its corporate seat in Campus 2, Jakov-Lind-Straße 2, A-1020 Vienna (“Bitpanda”) and the legal relationship between Bitpanda and the Participant (as defined in Section 3. or “you”) arising thereof.

By participating in the Competition you confirm and accept these Terms and the applicable terms and conditions of Bitpanda which are an integral part of these Terms.

2. Competition period, prizes and trading fees  

This Competition begins on the 17th of August 2020, at 12:00 am CET and ends on the 14th of September 2020, at 12:00 am CET (“Competition Period”).

All Participants are individual traders and are part of a team. Either Team Human or Team Cyber.

Participants who sign up for Team Human can only trade via web and/or mobile. Participants who sign up for Team Cyber can only trade via API. The Participant is not allowed to switch teams once signed up.

The top 3 Participants who generated the highest return on investment (“ROI”) on Bitpanda Pro, regardless of which team, within the Competition Period (each of them referred to as “Winner” and together the “Winners”) will be forwarded the prizes as set forth in the table (“Prize”). 

Additionally, Bitpanda will, based on the highest ROI generated on trades by either Team Human or Team Cyber across all Bitpanda Pro markets during the Competition Period (“Winning Team”), award the top 10 Participants with the highest ROI of the Winning Team (each of them also referred to as “Winner” and together the “Winners”), which made at least 10 trades with a minimum of EUR 50.00 each during the Competition Period, EUR 240.00 each (also referred to as “Prize”). 

During the Competition Period, the Bitpanda Pro standard fee structure (which can be found here) will apply, regardless of your fee structure that was applied or agreed upon before the start of the Competition. Therefore, by signing up to the Competition, any orders executed on Bitpanda Pro during the Competition Period will be charged with the Bitpanda Pro standard fee structure. This is to ensure fair and equitable conditions for all Participants regardless of their usual (and individual) applicable fee structure. After the Competition Period your usual (and individual) Bitpanda Pro fee structure will apply again. You acknowledge and accept that you do not have any legal claim against Bitpanda arising out of or in connection with the application of this fee structure.

You acknowledge and accept that only Participants who (i) meet all the requirements described in Section 3. and (ii) were not, for whatever reason, disqualified by Bitpanda in accordance with Section 5. are eligible to be selected as Winners.

Rank Prize
1 EUR 6,000.00
2 EUR 4,000.00
3 EUR 2,000.00

Bitpanda will strive to transfer the payment of the Prizes within a week after the end of the Competition Period. You acknowledge and agree that such transfer may be delayed and Bitpanda shall not be liable for any losses arising out of or in connection with a late transfer (e.g. losses due to price changes). The Prize will be credited directly to the Winners’ respective Bitpanda Fiat Wallets.  

3. Requirements for Participation 

Only fully verified and registered Bitpanda Clients that accept these Terms are allowed to sign up and participate in the Competition, as long as such a client is not any natural or legal person performing market making services or similar services (“Participant”). For the avoidance of doubt, all market makers are excluded from this Competition. Any ROI the Participant may have generated on Bitpanda Pro prior to signing up to this Competition will not be taken into account and will not be included in the calculation on ROI. Any ROI generated outside of Bitpanda Pro will not be taken into account. For the avoidance of doubt, it is hereby stated and clarified that any ROI generated on Bitpanda Broker does not apply to this Competition. 

The Participant must have an initial minimum account value (regardless of what asset) of at least EUR 10.00 (“Minimum Account Value”). The Participant acknowledges and accepts, that any trades carried out that are not in accordance with these Terms (e.g. performing manual trades while being part of Team Cyber) are not counted towards the ROI of the Participant or the respective team and will result in disqualification of the Participant. 

You are aware and accept that Bitpanda, at its sole discretion may amend and/or call off the Competition as described herein at any time and you do not have any legal claim against Bitpanda arising out of or in connection with this Competition.

4. Determination and notification of the Winners 

All the Participants will be able to see their current ROI during the Competition Period in their dashboard. There will also be a list with the current ROIs of Participants and ROIs of Team Human and Team Cyber published on the leaderboard on Bitpanda Pro which will be available to the Participants as well as non-participants. Bitpanda strives to update the team ROI on a daily basis. 

The ROI of the Participant and the team is calculated and measured as set forth in the blog post.

Bitpanda will strive to ensure that the ROI, ranks on the leaderboard and in your dashboard are current at all times. However, due to technical or other issues, discrepancies between the ranks and the actual ROI might occur. Furthermore, such issues might lead to a mismatch between your rank on the leaderboard and your rank in your dashboard.

You hereby acknowledge and accept that your rank on the leaderboard and your rank in the dashboard are not binding determinants regarding the actual ROI and therefore do not determine the Winners of the Competition. Furthermore, you hereby acknowledge and accept that Bitpanda will not be liable for any direct or indirect losses resulting out of any rank (on the leaderboard or in the dashboard) not representing the corresponding ROI properly or any incorrect or wrong calculation of the ROI and that no right or claim against Bitpanda can arise thereof.

Participants, who are declared Winners in accordance with Section 2. will be notified accordingly via email on the email address they have stated in their Bitpanda account.

5. Disqualification 

You hereby acknowledge and accept that Bitpanda may at its sole discretion disqualify a Participant from the Competition at any time for whatever reason, including but not limited to cases where Bitpanda suspects collusion between the Participants aimed at manipulating the volume and prices on Bitpanda Pro, ROIs or any other manipulation by the Participants deemed unfair by Bitpanda.

You hereby acknowledge and accept that any breach of these Terms or any other terms and conditions of Bitpanda and/or its subsidiaries may result in disqualification.

You hereby acknowledge and accept you may not share your assigned Nickname with any other Participants during the Competition Period and that failure to abide by this obligation may result in disqualification.  

Bitpanda is not responsible for the correctness of the data provided by you and may disqualify a Participant if the registered Bitpanda user email address is not valid.

If disqualified, you hereby acknowledge and accept that you will not have any claim against Bitpanda including but not limited to any direct or indirect losses you might have accumulated in connection with the participation in the Competition.

6. Data protection 

Bitpanda collects your personal data on the basis of your consent in accordance with Article 6 Section 1 letter a General Data Protection Regulation 2016/679 (“GDPR”) and insofar as this is necessary for the establishment of the legal relationship with the Participant and for the subsequent implementation and handling of the Competition.

For more information regarding your personal data, how, why and how long it is processed and which rights you have according to the GDPR, please click here: https://www.bitpanda.com/en/legal#privacy.

7. Contact 

For further questions as to that, please contact Support.