Bitpanda Ecosystem Token (BEST) Rewards – Calculator
Enter values to start the BEST Rewards calculator
All fee percentages used for the calculator can be found here: Bitpanda Fees
What are BEST rewards?
In May 2020 Bitpanda introduced the so called BEST (Bitpanda Ecosystem Token) Rewards. This is a loyalty program of Bitpanda, where you can increase your BEST amount up to 12.86% annually. The snapshot (the amount, which is taken into account for the rewards) takes place on the last day of the month at 23:59:59 CET. On the first of the following moth the BEST rewards will be credited at around 1 pm.
Which requirements have to be met for the rewards?
To be able to claim and get the best rewards the following points have to be done on Bitpanda (not Bitpanda Pro):
- You have to own a verified Bitpanda account.
- An amount of BEST have to be on your Bitpanda account.
- The rewards have to be claimed once a month as well as the general terms and conditions have to be accepted.
- Every month a trade on Bitpanda has to be performed (Every type of trade counts on Bitpanda (not Bitpanda Pro) from 1 EUR onwards)
How many BEST do I get?
The amount of best you will receive depends on the amount of BEST you hold in your Bitpanda account.
Additionally you can increase your rewards through trades (buy and sell assets on Bitpanda). As a basis you will receive 0.5% of your BEST.
Your percentage will get increased after reaching a specific BEST VIP level (you have to hold a specific amount of BEST to reach a certain BEST VIP level):
- BEST VIP Level 1 (>= 5,000 BEST): +0.05%
- BEST VIP Level 2 (>= 50,000 BEST): +0.10%
- BEST VIP Level 3 (>= 500,000 BEST): +0.15%
On top you can increase the percentage by performing trades (buy and sell assets on Bitpanda):
- monthly trading volume of at least 1,000 EUR: +0.05%
- monthly trading volume of at least 5,000 EUR: +0.15%
- monthly trading volume of at least 10,000 EUR: +0.25%
- monthly trading volume of at least 50,000 EUR: +0.35%
To sum everything up it is possible to get 1% of the amount of BEST holding on Bitpanda as a reward every month. This is an increase of 12.68% a year.
2020-11-29 Source: bitpanda.com