The Bitpanda Ecosystem Token (BEST) offers many benefits. One of which is the new BEST Rewards loyalty programme.
What is BEST Rewards
BEST Rewards is a loyalty programme that you can use to increase your BEST holdings by up to 12.78% a year.
Every user holding BEST in his wallet on Bitpanda, who does at least one monthly trade and accepts the monthly pop-up receives the equivalent of 0.5% of his BEST holdings. In other words, all you have to do is have BEST in your Bitpanda wallet and do at least one monthly trade.
Tip: Although you can also use it without being a BEST VIP, the higher your BEST VIP level and the more you trade, the more BEST you get.
How to claim BEST Rewards
In order to receive BEST Rewards each month, you have to actively do a couple of things:
- Have a verified Bitpanda account
- Hold any amount of BEST in your Bitpanda wallet (not Bitpanda Pro)
- Actively claim BEST Rewards once a month on Bitpanda (not Bitpanda Pro)
- Accept the BEST Rewards terms & conditions during the claim process
- Trade any digital asset at least once a month on Bitpanda either before or after your BEST Rewards claim in the given month (not Bitpanda Pro)
Tip: A savings plan purchase also counts as a trade.
- Head over to Bitpanda and log in with your verified account
- On the Bitpanda dashboard, you will see a BEST Rewards banner. There, you have to click on the button Claim now
- Read the information on the popup you’ll see carefully and also check out the BEST Rewards terms and conditions
- Click on the two toggles next to the BEST Rewards terms and conditions and the additional information to agree to both of them
- To finish the claim process, click on the button Claim BEST Rewards now
- After you have successfully completed the claim process, you will see that the button on the Bitpanda dashboard now says Already claimed
The snapshot of your BEST holdings, BEST VIP level and total amount traded over the whole month is taken at 11:59:59 pm CET on the last day of the month.
If you meet all the requirements, you will receive at least 0.5% of your BEST holdings on the 1st day of the following month at 1 pm CET for the previous month (eg. on the 1st of May, you receive the rewards for April).
Every user holding BEST in his wallet on Bitpanda, who does at least one monthly trade and accepts the monthly pop-up receives the equivalent of 0.5% of his BEST holdings.
In addition to the 0.5%, you can receive even more depending on your VIP level:
- BEST VIP level 1: +0.05%
- BEST VIP level 2: +0.10%
- BEST VIP level 3: +0.15%
Plus, you receive up to an additional 0.35% depending on your total amount traded in the previous month.
- +0.05% if your monthly trading volume is at least EUR 1,000
- +0.15% if your monthly trading volume is at least EUR 5,000
- +0.25% if your monthly trading volume is at least EUR 10,000
- +0.35% if your monthly trading volume is at least EUR 50,000
In addition to the 0.5% BEST Rewards, a BEST VIP level 2 user (+0.1%) who has already registered for the BEST Rewards programme and accepted the terms and conditions has €5,000 volume (+0.15%) and therefore gets 0.75% (0.5% + 0.1% + 0.15%) of their BEST holdings as a reward for the past month.
In addition to the 0.5% BEST Rewards, a BEST VIP level 3 user (+0.15%) who already registered for the BEST Rewards programme and accepted the terms and conditions has more than €50,000 volume (+0.35%) which means that this user gets the full 1% BEST Reward (0.5% +0.15% + 0.35%).
As this is a customer loyalty programme, please keep in mind that Bitpanda may stop this programme at any time and is not legally bound to give out these Rewards. Learn more in our BEST Rewards terms & conditions.