Introducing BEST 2.0 the best way to get the most out of Bitpanda

The aim of Bitpanda is to offer you a simple, safe and secure investment experience that you also take advantage of. Now, you have one more reason to enjoy investing with Bitpanda.

Bitpanda is proud to hit the red carpet for BEST 2.0.

At the beginning of next year, Bitpanda’s Bitpanda Loyalty Program will receive a long-awaited update. Introducing BEST 2.0, the gateway to Bitpanda’s new and improved Bitpanda Loyalty Program, packed with updated benefits, features, and even greater BEST rewards.

Read on to find out what’s new and what Bitpanda has in store for the future:

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New VIP levels

Being a BEST VIP customer is a great way to get the most out of Bitpanda. Now more users will be able to participate, as Bitpanda has expanded the BEST VIP levels from three to five, giving you access to VIP benefits with only 10 BESTs in your portfolio. It’s Bitpanda’s way of building an inclusive community and simply giving you the best of Bitpanda.

Here’s a rundown of the updated BEST VIP levels and stages:

Here's a snapshot of the updated BEST VIP levels and their thresholds

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Get more than an additional 15% on BEST every year

As a BEST VIP, you will soon be able to get more than 15% in BEST every year if you have at least 10 BESTs, participate in the Bitpanda Loyalty Program and claim your weekly reward. Additionally, all VIPs can receive 0.10% of their BEST shares each week through Bitpanda’s Base-Rewards feature. Please note that starting in the first quarter of 2022, BEST rewards will go from monthly to weekly.

The higher your BEST VIP level and the more trades you make, the more BEST you can earn. Take a look at the table below to see the amount of extra BEST you can receive per week based on your VIP level:

how much extra BEST you can potentially receive per week based on your VIP level

In addition to increasing your BEST Rewards with your VIP level, you can earn up to an additional 0.075% per week, based on the total amount of volume you have traded in the previous week.

In this way you can increase your BEST Rewards to the maximum: you can get 0.275% (0.10% through Basic Rewards + 0.10% through their VIP Level Bonus and + 0.075% through the Bonus for Trading Volume) of your BEST shares each week, which translates into a potential annual increase of your BEST shares … of more than 15%!

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And that’s not all!

Through the new Instant Trade Bonus feature, Bitpanda now allows you to maximize the rewards you are entitled to claim, even exceeding 15%!

How does it work?

With the Instant Trade Bonus, you can earn up to 0.25% (depending on the asset you trade) of your investment volume in BEST, paid instantly after each trade. The amount you can receive is adjusted depending on your VIP level. The higher your VIP level in BEST, the more instant BEST you can receive.

Summary of Instant Trading Bonus by BEST VIP Level and by Asset Class:

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BEST stimulus and burn program

With the new BEST Stimulus Program, Bitpanda takes and burns BEST for an amount of up to 25% of the fees and commissions collected by BEST holders with VIP level. This burning process will be repeated monthly until a maximum of 75% of the total BEST supply (of the 1 billion BEST originally issued) has been burned.

Are you lost? Basically, Bitpanda is decreasing the amount of BEST in circulation faster than before. Fewer tokens means BEST becomes even more scarce.

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And this is just the beginning …

While Bitpanda is very excited to announce this update (and we hope you are too), it’s just the beginning. In the coming months, Bitpanda will offer even more advantages and benefits to the Bitpanda community. Think about things like access to new exclusive features for VIPs, or that you will soon be able to get BEST with everything you do on the Bitpanda platform, or the highly anticipated launch of the Bitpanda Launchpad: a platform that will help project teams to launch their own token. Everything is up and running and, as a BEST VIP customer, you have a front-row seat. Do not lose sight of everything that is coming in the next few months.

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How can you get started with BEST 2.0?

As of December 16, 2021 you can accept Bitpanda’s new terms and conditions in BEST 2.0 and the Bitpanda Loyalty Program.

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