Note: There are currently impostors around pretending to be official Bitpanda employees. They are contacting other exchanges asking them to list our Bitpanda Ecosystem Token (BEST) and are promising financial opportunities. If you receive such emails, please contact our support team via our contact form.
With BEST you gain easy access to an entire ecosystem built to diversify your wealth across cryptocurrencies, digital assets and precious metals from the comfort of your home, just with the click of a button.
Explore the full scope of the Bitpanda Ecosystem Token (BEST) in our vision paper.
What is BEST?
BEST is the native token of Bitpanda, Bitpanda Pro and the entire Bitpanda ecosystem, and gives BEST holders several benefits.
Where can I buy BEST?
You can buy and trade the Bitpanda Ecosystem Token (BEST) in the following places:
When buying BEST on Bitpanda, just follow the steps on how to buy cryptocurrencies and digital assets.
You are entitled to various benefits when using the Bitpanda Ecosystem Token (BEST), some of which are:
- Up to 25% reduction on trading premiums on Bitpanda and trading fees on Bitpanda Pro when using BEST to pay for them
- Perks based on holding certain amounts of BEST in your wallet (either on Bitpanda or on Bitpanda Pro)
- As a BEST VIP (level 1 to 3; with a minimum of 5,000 BEST in your Bitpanda wallet), you have the unique opportunity to have a say in which cryptocurrency we will list next. Learn more
- As a BEST VIP (level 2 and 3; with a minimum of 50,000 BEST in your Bitpanda wallet), you benefit from 20% lower deposit fees when using credit cards and 25% lower deposit fees for SOFORT. Learn more
- The BEST Rewards loyalty programme where you can increase your BEST holdings by up to 12.78% a year
- Priority access to the upcoming Bitpanda Launchpad
Tip: Make yourself familiar with all the benefits of the Bitpanda Ecosystem Token (BEST).
How does the fee and premium reduction work?
All users holding BEST in their BEST wallet on Bitpanda or on Bitpanda Pro will be able to pay trading premiums, trading fees and metals storage fees using BEST starting from October 30th, 2019 and will receive a discount of 25% for doing so. You just have to activate the feature, depending on where you want to get the discount.
To enable paying trading premiums with BEST on Bitpanda, please follow these steps:
- Log in to Bitpanda
- Click on your User Icon
- Click on My Account
- Toggle the slider next to Pay trading premiums with BEST
- The feature to pay the metals storage fees, as well as the trading premiums for each trade, swap or savings, plan on Bitpanda is now enabled and active as long as you have enough BEST in your Bitpanda wallet
In addition, the feature can be enabled or disabled individually on each trade, swap or savings plan. Doing so will only affect that single instance, even though the feature is generally enabled or disabled respectively in the settings.
Note: You need to activate the feature on Bitpanda and on Bitpanda Pro separately. Enabling it on one platform does not automatically enable it on the other.
To enable paying trading fees with BEST on Bitpanda Pro, please follow these steps:
- Log in to Bitpanda Pro
- Click on your User Icon
- Click on Settings
- Toggle the slider next to Enable Pay trading fees with BEST
- The feature to pay trading fees on Bitpanda Pro with BEST is now enabled and active as long as you have enough BEST in your Bitpanda Pro wallet
The following BEST trading pairs will be available on Bitpanda Pro:
Tip: You qualify for a discount on trading fees on the applicable trading pairs, when using BEST to pay the fees.
Stay in the know
Keep in mind that we cannot speak about new features before they have been launched successfully or before we have publicly announced that we are planning to do so. Furthermore, we cannot comment on any rumours concerning such matters.
If you want to be the first to learn about upcoming events, you can join our Bitpanda Announcements Telegram group, or simply follow us on our social media channels:
Tip: Also check out our AMA session with Bitpanda CEO and co-founder Paul Klanschek. He answered the most pressing user questions about Bitpanda, our new Bitpanda Ecosystem Token (BEST) IEO and Bitpanda Pro.
Frequently asked questions
As an educated investor, we encourage you to read and understand our vision paper and its important considerations in its entirety before any potential investment.