Celebrate World Savings Day: Open a Bitpanda Savings Plan in crypto for a chance to win €1,200 in Bitcoin

Why saving is important

This is stating the obvious, but having a savings strategy is always a good idea, regardless of the time of year. As the world consistently shows, life is unpredictable, and you never know what’s coming around the corner. Having a personal savings fund is a smart idea and doesn’t have to be difficult or change the way you live right now: Just work out how much you can afford and send that amount of your income to a savings account at regular times. You can even automate it to happen on a day that suits you best. 

Investing with a Bitpanda Savings Plan

Speaking of setting and forgetting, a Bitpanda Savings Plan is an easy and automated way to buy Bitcoin, Ethereum and other crypto or digital assets on a weekly, biweekly or monthly basis. Here’s just a few reasons to start with a savings plan: 

• Benefit from the cost average effect
  Buying on a weekly, biweekly or monthly basis makes you less dependent on short term price fluctuations.
  
  
• Easily buy crypto, stocks*, ETFs*, metals, commodities* and all 8 Bitpanda Crypto Indices over time
  Once a savings plan has been created, it automatically buys at the set time.
  
  
• Simple payment options
  You can set up a personal savings plan using Visa, MastercCard or SEPA Direct Debit.
  
  
• Easily set up multiple savings plans
  You can set up as many savings plans as you want and for any asset supported on Bitpanda.
  
  
• Maximum flexibility
  You can temporarily pause and later resume your savings plans anytime you want.

What is the cost averaging effect? 

The cost averaging effect is an investment strategy that involves buying an asset in fixed amounts at regular intervals, regardless of the asset's price. You invest small amounts of your money into an asset, such as Bitcoin or gold for example, in regular intervals and keep doing this over a longer period of time. This way you can potentially reduce the effects of market volatility on assets that are subject to price fluctuations. TL;DR: By buying regularly in up and down markets, investors can potentially buy more assets at lower prices and fewer assets at higher prices.

Win €1,200 in Bitcoin

Open and activate a Bitpanda Savings Plan in crypto worth €100 between 31st of October and 14th of November for your chance to win €1,200 in BTC – €100 every month for a year. T&Cs.

Where can I learn more about investing? 

Head over to our app for iOS and Android or our web app and check out the price developments of your favourite cryptocurrencies, stocks*, ETFs* and precious metals. Learn more about investing in the Bitpanda Academy and on the Bitpanda Blog. Don't want to miss our news? Follow our X and Instagram.

Disclaimer

This article is distributed for informational purposes, and it is not to be construed as an offer or recommendation. It does not constitute and cannot replace investment advice.

Bitpanda does not make any representations or warranties as to the accuracy and completeness of any information contained herein. 

Investing carries risks. You could lose all the money you invest.