Yes, BitPanda has just announced something big again, if you allow the expression. Few months ago, Bitpanda announced that it had received official approval from the AMF in France. This is still really good news because it saves us from having to declare the fact of having an account abroad. For those who are reluctant and lazy when it comes to tax returns, this is a real asset.
Today, she announces to us with great enthusiasm that her cryptographic bank card is available for pre-order!
It is therefore the whole purpose of this article to present the new BitPanda card to you in a little more detail.
A most complete crypto platform!
I really don't think I'm wrong in saying that Bitpanda is the most complete platform in the cryptosphere. For me, it's the equivalent of Binance but in European version. Seriously.
BitPanda indeed offers all the required and necessary services for crypto-holders.
- A very wide selection of cryptocurrencies
- The possibility of purchasing rare and precious metals. Can also buy gold easily on the platform.
- Advanced trading platform with the most sophisticated tools for a trader.
- A pleasant and intuitive interface which makes it an ideal platform for beginners.
- And, today, a crypto bank card!
What are the people asking for, eh?
How does the BitPanda card work?
We have seen that in certain cryptographic bank cards, you must first convert your cryptocurrencies into FIAT to be able to use them. This is for example the case for the Wirex card or Plutus card.
This can have disadvantages because it pushes us to convert our cryptos to make our purchases. Additionally, we have to do it manually. It can therefore happen that in the urgency of a purchase, you have to take out your application and do the crypto/fiat conversion. Sometimes, we do it even though the rate is not necessarily attractive, etc.
However, it now turns out that more and more cards like the BitPanda card allow us to pay directly with our cryptos.
When they say that you can now pay for your coffee in bitcoin or pay your hairdresser in gold, well, it's absolutely true. Technically true.
In fact, with the BitPanda card, no need to make your crypto/fiat exchanges, it's Bitpanda which will do it automatically.
In fact, this is the only fee on the card. Now is the time to see what exactly is going on.
What are the BitPanda Card Fees?
When you want a crypto bank card, the first thing you generally look at is the cashback rate and it is also and above all the fees.
So, you should know that it is one of the most “accessible” and least expensive of all crypto cards.
So opening the account, the monthly cost and even the first sending of the card is FREE. The one-time fee actually consists, as we mentioned, of the classic crypto/euro conversion trading fees.
You are also entitled to a free ATM withdrawal, but you can have unlimited withdrawals if you are a VIP customer.
(I explain the BitPanda VIP concept to you below)
Finally, after fees, the question that interests you, I suppose, is that of cashback. No, am I wrong?
Don't worry, I'll get there!
Get up to 2% with BitPanda Card
In fact, as is the case with all crypto bank cards (you can consult the comparison of crypto bank cards), there is cashback. However, this cashback is even more important if you own the platform's native token. In this case, BitPanda's native token is BEST.
If you have one, all your fees on the platform will be reduced (and also those of the BitPanda card). This is how you actually become part of the BitPanda VIP club.
To reach the different BEST VIP levels:
- VIP 1: Have 5000 BEST
- VIP 2: From 50,000 BEST
- VIP 3: 500 BEST
Please note: If you do not have the 5000 BEST, you do not have a VIP level and therefore you will not be able to have crypto cashback.
Generally speaking, across the entire BitPanda ecosystem, having BESTs is a godsend. You can benefit from reduced fees on all services. Likewise, you will have other advantages. Finally, you can also generate interest on the BEST (it is a ERC-20 token).
This can also be considered a very good investment as it increases in value as the BitPanda user base continues to grow.
In addition, by being an ERC-20 token, we can therefore widely use this token in DeFi.
Again, this is not a negligible advantage.
Final word on the BitPanda bank card
We have been – at ZoneBitcoin – BitPanda users for a long time. Whether this evening to simply buy cryptocurrencies or to trade crypto, it turns out that it is an excellent platform.
Since the company has been recognized by the AMF, it must be recognized that this gives it even more prestige and seriousness.
As we told you in the introduction, the fact that the company is registered in France saves us from having to fill out additional paperwork (that of the foreign account declaration).
This can be a major argument for many of us, especially for those who have administrative phobias...
So, it remains an ideal platform because you can do everything on it and you can only use BitPanda to buy, sell, and spend your cryptocurrencies.
Finally, we have already pre-ordered our card and we will write a dedicated article for you.
To buy cryptocurrencies (simple way):
- Speaking on Bitpanda (Simple and accessible platform)
- Speaking on Coinbase (Earn €10 by buying 100 euros of cryptos)
- Speaking on Binance (Complete crypto trading platform)
To generate interest on your cryptocurrencies:
To secure your cryptocurrencies:
To have fun and play
- The best for Esport and sports betting: CloudBet
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