How to convert dust to VSN

We are excited to announce a new feature that allows you to convert the remaining amounts of cryptocurrencies (dust) directly to our Vision Token (VSN). 

Follow these simple steps to exchange your dust for VSN:

Step-by-step guide

1
Access Your Portfolio
Open the Bitpanda app on your device and navigate to one of the following screens: Portolio overview / Asset List / Asset Details Page
2
Locate Dust Amounts
Identify assets with balances under €1, which qualify as "dust" and are eligible for conversion.
3
Start the Conversion
Tap the Convert crypto dust to VSN option, that will be available if you have at least one crypto under 1 EUR / GBP.
4
Select Assets
In the conversion window, select all the cryptocurrencies (up to 10 assets) you wish to convert into VSN.
5
Confirm Conversion
Follow the on-screen prompts to confirm your selections and complete the process.

Note: please keep in mind that this feature is not available for BCI, Leverage, Legacy or Real Stocks, or for assets worth €1 or more.

Benefits of converting dust to VSN

Streamlined portfolio management
Keep your portfolio organised by converting small amounts of various cryptocurrencies into a single, valuable asset.
Increased utility
VSN can be used for various features within the Bitpanda ecosystem, providing more value compared to holding multiple small amounts.
Ease of use
The new feature makes it easy to manage your assets directly within the Bitpanda app without needing multiple transactions.

Managing Small Balances for Withdrawal

If you prefer withdrawing your small balances, here’s an alternative approach:

  1. Increase Your Balances:
    • Buy additional amounts of the cryptocurrency to meet the minimum withdrawal or selling threshold.
  2. Withdraw or Sell the Entire Amount:
    • Once the balance is sufficient, proceed to withdraw or sell the entire amount, ensuring no residual balance remains.

Make sure to keep your app updated to enjoy the latest features and improvements. Happy trading!