Bitpanda’s native cryptocurrency is the BEST tokens (Bitpanda Ecosystem Token). These tokens provide benefits to traders and are currently the best way to invest in the Bitpanda platform.
What is Bitpanda?
Founded in 2014, Bitpanda is positioned as one of the leading retail brokers in Europe for trading cryptocurrencies, precious metals, etc. You can open a free account on Bitpanda within minutes and start investing in stocks, cryptocurrencies and metals from the platform with as little as 1 Euro. Bitpanda makes it easy to trade over 50 digital assets and has the confidence of more than 2 million users. As an enabler, Bitpanda insists on removing complex financial barriers by leveraging the potential of blockchain technology and digital assets.
To date, Bitpanda has raised nearly $ 271 million of three investors. These investors include DST Global, Valar Ventures and Speedinvest. With respect to the following regulatory clearances and compliances, Bitpanda is a MiFID investment company and PSD 2 payment institution. It is fully AML5 compliant with its funds secured in offline wallets. Bitpanda’s native token is the BEST. As a Bitpanda ecosystem token, BEST offers users a wide range of rewards and benefits. BEST holders also qualify for Bitpanda’s loyalty program.
What problem is Bitpanda trying to solve?
The Bitpanda ecosystem helps investors invest in the crypto market. It also helps them learn about the crypto market, its fees, the trading process, and special products, such as NFTs.
# 1. Bitpanda offers an all-in-one platform for people to invest in cryptocurrencies, crypto indices, stocks and ETFs, and metals. Often, diversified investors suffer from having to deal with multiple platforms for different asset classes. Bitpanda solves this problem quickly. By taking advantage of the platform, you can buy, sell and trade the cryptocurrencies you want anytime, anywhere. If you want to invest across the entire market, the crypto index investing features allow you to automatically invest across the entire crypto market with just one click. You can also invest in stocks and ETFs as well as physically backed precious metals.
# 2. With Bitpanda, you can start investing in tokenized stocks and ETFs with as little as $ 1. Indeed, the platform removes the barrier to entry created by the constraint of funds. Bitpanda helps invest in fractional stocks. With fractional shares, you can invest in stocks and ETFs that cost hundreds or thousands of dollars for a single share with just $ 1. This feature gives you the flexibility to invest as much as you want in the companies or ETFs you prefer without worrying about the minimum threshold you need even for a single stock.
The product development process at Bitpanda
Bitpanda services are available as an app on the iOS App Store and the Google Play Store. The app uses best-in-class servers, robust API apps, and secure offline wallets. The Android app has a fully automated ordering system that is available 24/7. In this app you can choose between multiple payments and payment providers. The list of choices includes Credit Card, NETELLER, Skrill, SOFORT-Transfer, GIROPAY, Sepa, Amazon and many more. The iOS app also has much of the same functionality. Using the app, you can send digital assets to other users instantly and for free. You can also send them to your email address. All the recipient needs to have is a Bitpanda account.
# 1. Bitpanda Card
The Bitpanda Card is a debit card that provides you with provisions for spending your cryptocurrency, metals, and stocks. You can spend anything, anywhere. It is accompanied by a Visa logo. More … than 54 million Visa merchants in over 200 countries accept the card. You don’t have to pay card fees or monthly account fees. With the Bitpanda card, you also have the option of receiving up to 2% cash back per transaction and up to 2.25% discount on currency exchange fees. The card is backed by Visa security and fraud prevention, while blocking and unblocking is as convenient as a tap. The card also comes with additional 3DS protection for an added layer of security.
# 2. Bitpanda savings
With the Bitpanda Savings Plan, you can build your digital asset portfolio. The plan allows you to invest automatically. It will buy Bitcoin, Ethereum, or Gold for you at the appointed time. You can create your personal savings plan using your existing Visa, Mastercard or SEPA debit card. Recurring purchases are executed automatically thereafter. You are free to set up as many savings plans as you want and for any digital asset supported by Bitpanda. To create a personal savings plan on Bitpanda, all you need to do is log into your account and pay with the currency of your choice.
# 3. Bitpanda application
The Bitpanda app offers the optimal mix of speed, reliability and security. Bonuses start at 1.49%, which is the cheapest for instant bitcoin trading. It offers various payment and payment options which we have already discussed. You can buy Bitcoin, Ethereum, IOTA, and more on your phone, while you can send digital assets for free.
On the Google Play Store, the Bitpanda app has registered more than 500,000 downloads so far, with a rating of 3.8 out of 5 out of over 13,000 reviews. The rating is a little higher, 4 out of 5, on the iOS App Store. However, he has 228 reviews only in the iOS App Store.
BEST is Bitpanda’s ecosystem token. BEST holders benefit from many advantages. Anyone who uses BEST to pay Bitpanda trading bonuses and Bitpanda Pro trading fees can get a 20% discount. In addition to the discount, Bitpanda also guarantees a minimum value for BEST when paying trading bonuses on Bitpanda and Bitpanda Pro. For 2021, this minimum guarantee value is 0.132 euros. This value will increase by 10% each year and for the following five years. BEST tokens also provide governance rights once you’ve crossed a minimum threshold.
With at least 5,000 BEST tokens in your wallet, you have access to exclusive BEST VIP votes. With this voting right, you can have a say in strategic decisions such as which digital assets you want to add next. If you are the BEST VIP of level 2 or level 3, you get the benefits of 20% lower deposit fees on credit cards and 25% lower deposit fees on SOFORT. Bitpanda burns some of the best tokens spent on trading platforms each quarter until it manages to destroy 50% of the BEST total. To be eligible for BEST VIP level 2 and 3, you must have a minimum of 50,000 and 500,000 BEST tokens.
The BEST token was launched by Bitpanda in August 2019. IEO’s Initial Exchange Offer grossed over € 43 million. BEST works as an ERC-20 token on the Ethereum blockchain. During the creation of Bitpanda 1 billion BEST tokens, to start with, he only offered 500 million during the IEO. Bitpanda’s circulating supply is currently just over 394 million tokens.
Where to buy Bitpanda (BEST)
BitPanda – It’s the best option for residents of Europe, note that they do not accept residents from outside this region.
Bitfinex – It’s the best option for US residents and non-residents of Europe.
Bitpanda – High growth potential
Bitpanda is a service known for its versatility and inclusive offerings. You can trade cryptocurrencies, stocks and ETFs, commodities and crypto indices. Within cryptocurrencies, it offers a wide range of coins for buy / sell transactions. You can trade Bitcoin, Litecoin, Ethereum, Dash, Ripple, Bitcoin Cash, Komodo, IOTA, EOS, etc. To complement, Bitpanda also offers you Fiat trading opportunities. It accepts USD, EUR, GBP and Swiss Franc. Among the payment methods, Bitpanda accepts credit and debit cards, SEPA, wire transfer, EPS, GiroPay, Sofort and more. Transaction fees are as low as 1.49% and you can start trading with as little as 1 Euro.
All these elements combined, Bitpanda is a one stop shop for traders and investors with the minimum possible barrier to entry. With interests in diversified investments including crypto assets on the rise, the volume of Bitpanda users will only increase in the days to come.