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How to buy Bitpanda Ecosystem Token (BEST)
Learn how to buy Bitpanda Ecosystem Token (BEST) in our step-by-step guide.
Where to buy Bitpanda Ecosystem
It looks like BEST may not be available to purchase on an exchange in the US.
You can still purchase BEST by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase BEST using a decentralized exchange.
- Find BEST on a decentralized exchange and make sure Bitpanda Ecosystem can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for BEST using an exchange like Gemini. You will need to purchase enough ETH to swap for BEST as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for BEST on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the BEST tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
Best Bitpanda Ecosystem Token wallets to store your BEST
You can keep your BEST on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Is Bitpanda Ecosystem a good investment?It's always extremely important to do your due diligence before purchasing cryptocurrency. Both the token and the associated platform should be evaluated. Here are a few things to consider before buying BEST:
- Established community: Bitpanda has been operational for more than 5 years. In that time the broker has developed a strong community base of more than 2 million users. The exchange has, so far, stood the test of time, which is encouraging.
- Community investment: The Bitpanda Ecosystem Token was released to the public via an Initial Exchange Offering (IEO) in 2019. According to HedgeTrade.com, the company was able to raise more than $51 million.
- Fixed supply: The maximum supply of tokens is capped at 1 billion. There is no scope for this number to increase in the future. 500 million tokens were sold to prospective buyers during the token’s initial IEO. The remaining tokens are being held as company reserves.
- Range of assets: The Bitpanda ecosystem currently provides full support for a wide range of crypto assets. The platform also allows the users to purchase cryptocurrencies using fiat currencies including the US dollar (USD), Euro (EUR), British pound (GBP) and Swiss franc (CHF). This flexibility should help Bitpanda maintain and potentially increase its user base, which will drive demand for the BEST token.
Additional information about Bitpanda Ecosystem can be found using our BEST analysis tools.
Today's Bitpanda Ecosystem price versus ATH
Compare today's price of Bitpanda Ecosystem ($0.352231 USD) against its all-time-high price of $3.1 USD on 21 April 2021. The closer the bar is to 100%, the closer BEST is to reaching its ATH again.
ATH date: April 21, 2021
Bitpanda Ecosystem ATH: $3.1
How to trade, convert or sell Bitpanda EcosystemYou can convert or sell your BEST with the same exchange you bought it through:
- Sign in to the exchange you have BEST on.
- If you store your Bitpanda Ecosystem in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of BEST you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Bitpanda Ecosystem.
- Complete your transaction and move your BEST to a wallet for storage.
Disclaimer: Cryptocurrencies, including Bitpanda Ecosystem, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BEST is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Bitpanda Ecosystem or any other cryptocurrency discussed.
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