The wait is finally over: from now on, you can pay trading fees on the Bitpanda platform and the Bitpanda Global Exchange using BEST and receive a 25% trading fee discount!
BEST is playing a vital role on both the Bitpanda platform and the Bitpanda Global Exchange. No matter which digital asset you buy or sell; you save 25% on trading fees when you use BEST to pay for them.
Get a 25% discount on trading fees
If you are holding BEST on the Bitpanda platform and/or on the Bitpanda Global Exchange, you are now able to pay trading fees using BEST. When you choose to do so, you get a discount of 25% on trading fees. Make sure that you hold BEST in your wallet depending on where you want to use it.
One BEST will be worth €0.12 when you use it to pay trading fees
In addition to the 25% discount, you also benefit from another great feature: one BEST will be worth €0.12 when you use it to pay trading fees on the Bitpanda platform or the Bitpanda Global Exchange. This guaranteed minimum value will then increase — it is going to be €0.132 in 2021, €0.145 in 2022 and so on.
Oh, by the way: we’re starting to burn BEST soon.
The first token burn event for BEST will happen after the first quarter of 2020. In early April 2020, we will destroy 25% of the amount of BEST received from users who paid trading fees using BEST. This will continue on a quarterly basis until 50% of the total BEST supply is destroyed.
How to enable the BEST fee collection feature:
On the Bitpanda platform: simply go to your account settings and toggle the slider next to “Pay trading fees with BEST”. Alternatively, you can also activate the feature during the buying process for every digital asset on the platform and it will stay activated.
On the Bitpanda Global Exchange: go to your account settings and toggle the slider next to “Pay trading fees with BEST”. Once activated, you see the new, reduced Maker fee and Taker fee.
Ready to buy some BEST? You can buy BEST on the Bitpanda platform or on the Bitpanda Global Exchange. You can also swap any supported cryptocurrency, stablecoin and even digitised gold, silver, palladium and platinum to BEST.