Crypto broker Bitpanda has debuted a crypto cashback campaign for its users in the United Kingdom. The campaign, which began on October 23rd, will end on November 24th. The reward is a 3% cashback denominated in bitcoin (BTC) for all eligible users. This means earning £30 when depositing £1,000.
According to Bitpanda’s website, it supports over 600 cryptocurrencies and is available to over seven million users.
Bitpanda’s Month-Long Campaign
Bitpanda’s campaign is open solely to users in the UK. To qualify for the cashback reward, users must transfer any amount of crypto into their Bitpanda account. Transfers made by participants before the campaign commenced will not be included in the transferred amount.
The crypto broker explained that transfers from Bitpanda GmbH and Bitpanda Asset Management GmbH are not accepted for the campaign. It also disqualifies those who transfer crypto from Bitpanda to an external wallet or platform within a space of six months of joining the campaign. Though this excludes GBP sales and withdrawals. The crypto broker restricts participants who send crypto from “self-hosted cold wallets” to their Bitpanda account.
Those “performing market making services or any similar services” are unqualified to join the cashback campaign. These services include those using the Bitpanda Technology Solution (BTS), B2B traders, and institutional users are unqualified to join the latest campaign.
Anyone who fails to meet these requirements or tries to manipulate their way through the promotional campaign will be disqualified from claiming the cashback reward.
Only the first 1,000 UK users who fulfill all the obligations are qualified for the campaign.
How the Rewards Will be Distributed
Bitpanda explained that it would send one-sixth of the total reward to all qualified users at the end of each month. This stresses the fact that the campaign lasts for six months. If necessary, the crypto broker noted that it would substitute the reward for another asset of equal or higher value.
Qualified users will receive the 3% cashback reward in their Bitpanda Broker wallet.
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