Introducing SEPA Direct Debit as a new payment option for Bitpanda Savings

We are happy to announce that SEPA Direct Debit is now available as a payment option for Bitpanda Savings. Create multiple savings plans starting from €25 and benefit from the cost average effect with no additional payment fees.

Update (April 14th, 2020): We paid out the BEST cashback today to all eligible users.

Update (April 10th, 2020): We are extending the end date of the 10% BEST cashback promotion until the 13th of April, 2020 at 11:59:59 pm. We will be including every SEPA savings plan that has been successfully executed (i.e. the trade on Bitpanda was completed) until then. The 10% BEST cashback will be credited on the 14th of April, 2020.

At Bitpanda, we are constantly working on making investing as easy as possible for everybody, no matter the budget. Bitpanda Savings is a key feature for building your personal portfolio over time, without the need to constantly check the price or wait for the right moment to buy.

Bitpanda Savings just got better, now with 0% payment fees

Like before, you can create multiple savings plans and automatically invest starting with €25. The newly added SEPA Direct Debit payment method allows you to buy more than 30 digital assets in euro directly via bank transfer, without any additional payment fees. Please note that if you already have a savings plan set up with your credit card and want to switch to a SEPA Direct Debit payment, you’ll have to create a new savings plan.

Set up a SEPA savings plan and get a 10% cashback in BEST

To celebrate the launch of the new feature, you can get a 10% cashback in BEST for setting up a SEPA savings plan for any digital asset we offer on Bitpanda. The maximum amount in euro is tied to your BEST level:

The promotion starts today (March 11, 2020) and ends on April 13, 2020 at 11:59:59 pm. The BEST cashback will be paid out on April 14, 2020 according to your BEST level on this day. Please note that we only consider SEPA savings plans valid when they were actually executed (i.e. the trade on Bitpanda was completed) within this timeframe.

Why you should automatically invest

Bitpanda Savings is great for those who want to use cost averaging as a way to invest regularly and long term. It basically means that you can regularly buy assets on a weekly, bi-weekly or monthly basis so you don’t have to worry about the price going up or down. This is an interesting concept given the volatility of the cryptocurrency markets.

Here’s an example of just one of the ways you can invest with a savings plan:

We go into more detail about cost averaging in our magazine. You can read up on it here.

Ready to get started?
Set up a savings plan with Bitpanda Savings now.