News • 2 min read
By Bitpanda
25.04.2024
We’re constantly exploring ways to help you maximise your returns, diversify your portfolio and unlock your investment potential with exciting new products and asset classes. We also understand the frustration of having small, leftover amounts of assets in your portfolio, known in the crypto world as dust. Which is why we’re excited to launch the option to exchange dust for BEST, the Bitpanda Ecosystem Token.
This exciting option allows you to maximise your investments by converting dust into BEST, putting your previously unusable assets to work. It also helps to diversify your portfolio. If you haven’t already invested in BEST, this is an easy way to add valuable diversification to your investment mix and potentially improve your risk management strategy. We believe this innovative feature will be a valuable tool for you to unlock new investment opportunities and reach your financial goals!
This new feature means you can now swap assets for which you hold dust (<€1 or equivalent) to BEST with zero fees, for a maximum of ten assets per transaction. To swap any dust you hold to BEST, simply:
At the moment, this function is not available for Bitpanda Crypto Indices, Bitpanda Leverage assets, Fiat and staked assets, but we hope to include these soon. And as always, please make sure you have downloaded the latest version of the Bitpanda app.
In crypto trading, dust refers to tiny amounts of cryptocurrency left-over after a trade or transaction. Imagine spare change from your digital wallet - too small to be worth much on its own, and often less than the minimum amount you can trade. It's a common byproduct of using crypto.
BEST is Bitpanda's ecosystem token running on the Ethereum Blockchain. Holding BEST automatically qualifies you for the Bitpanda loyalty program, which rewards you for every transaction you make - and a lot more. Depending on your VIP Status, you'll earn higher rewards for trading, staking or spending your assets on Bitpanda.
Disclaimer
This article is for general information purposes only and does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets.
Furthermore no representation or warranty, either expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of this article or opinions contained herein.
Investing in crypto assets carries risks, and may not be suitable for all investors. Make sure to conduct your own research before making any investment.
Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
We use cookies to optimise our services. Learn more
The information we collect is used by us as part of our EU-wide activities. Cookie settings
As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.
We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.
These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.