Bitpanda Bybit. The news isn’t really news, but it still marks the end of an era. Bybit, one of the big names in cryptocurrency trading, will cease all its activities in France January 8, 2025. For many French users, this means a (forced) switch to a new platform. Fortunately, Bitpanda, another leading platform in Europe, is positioning itself as a leading alternative. By offering a exclusive bitcoin cashback offer users transferring their cryptocurrencies from Bybit, the Austrian company aims to offer these investors an equally safe and secure framework. So, the king is dead, long live the KING?
Le Journal du Coin brings you this promotional article in collaboration with Bitpanda.
The end of an era of Bybit in France
Bybit, a centralized platform popular with millions of users worldwide, including in France, had to withdraw from the French market due to the strict requirements set byFinancial Markets Authority (AMF). Blacklisted by the AMF in 2022 for non-compliance, the platform has never (yet) obtained Digital Asset Service Provider (PSAN) status, which is a mandatory registration to operate legally in France.
This download is accompanied by a number of guidelines: French users must withdraw your assets by January 8, 2025otherwise, their funds will be transferred Coinhouseregulated service provider. Although this solution may suggest that there is no rush to choose assets, things are a bit more complicated. If your cryptocurrencies are transferred to Coinhouse, the operation involves additional administrative procedures to recover them. First and foremost are KYC, mandatory for operating in France, withdrawal fees and more generally complexity that can be avoided by migrating your assets to another platform. It is in this context that one of the most important platforms today – Bitpanda – is starting operations” Bring your possessions“.
Bring Your Assets: Bitpanda offers 3% cashback on your transfers from Bybit
Launched to offer an alternative to affected investors, this campaign is active from December 17, 2024 to January 8, 2025. It rewards 3% cashback in bitcoins funds transferred from Bybit to Bitpanda. And with a generous ceiling €1,000 per user. Cashback is credited directly to your Bitpanda wallet at the end of the campaign. Enough to start 2025 right now by being rewarded for discovering a secure and easy-to-use platform.
In addition to the financial incentive, Bitpanda offers investors a seamless transition as a simple transfer via the blockchain is all that is required. Users then simply need to keep their assets on the platform for at least a period of time 30 days be eligible for this offer. And therefore get their reward. Finally, a gift we won’t be selling any time soon!
Why choose Bitpanda over Bybit?
Founded in 2014 in ViennaBitpanda has established itself as a key player in the European crypto ecosystem. Unlike Bybit, it is much more than just a cryptocurrency exchange platform. It really stands out with its many asset offerings and its commitment to transparency and security. Overview.
Regulated and safe European leader
Bitpanda is one of the few players registered as Digital Asset Service Provider (PSAN) with the French authorities. In addition, the platform is regulated in 10 European countriesthereby demonstrating its seriousness and determination to respect the strictest applicable standards and protect its customers. User funds are secured through secure storage. cold wallets (offline wallets)guaranteeing optimal protection against large-scale cyber attacks.
In terms of regulations, Bitpanda also complies with other European directives such asAML5 in the fight against money laundering. Compliance efforts are now essential for operations in Europe and France, ensuring a seamless investment experience for users.
All-in-one platform
Bitpanda does not limit itself to cryptocurrencies in its offer of investment tools. Which is a breath of fresh air compared to its competitors. Indeed, the platform offers a wide range of assets, including:
- Cryptocurrencies : more than 400 tokens available, among the most popular.
- Precious Metals with Bitpanda Metals : gold, silver, platinum, physically stored in Swiss vaults.
- Stocks and ETFs with Bitpanda Stocks : European, American and Asian indices.
- Raw materials with Bitpanda Commodities : with the option of investing in resources such as oil or gas.
This diversification allows users to centralize their investments on a single platform, thereby simplifying their management and centralizing monitoring.
Simplicity and accessibility
One of Bitpanda’s strengths is its intuitive interface, suitable for both beginners and experienced investors. Registration is quick and users can start investing from as little as €10, making investing accessible to a very wide audience.
For mobile users, the Bitpanda app is a real success: smooth, ergonomic and compatible with all operating systems. It offers an uncompromising investment experience wherever you are.
Exclusive benefits
In addition to the cashback offer through “ Bring your possessions”, Bitpanda offers exclusive additional services. Such as:
- Bitpanda Pay : a tool that allows you to make SEPA payments with your fiat funds directly from the platform.
- Plotting program : until 26% APY without blocking time.
- Bitpanda bank card : allows you to pay with your cryptocurrencies or precious metals while using the cashback program.
The closure of Bybit in France undeniably marks the end of an era for many investors. But as everything ends, it also opens doors new opportunities. With its bitcoin cashback offer, regulated framework and advanced features, Bitpanda stands out as an alternative for those looking to migrate their assets. The “Bring Your Assets” campaign offers an exceptional chance to discover a secure and innovative platform. SO Also take advantage of this opportunity and start 2025 under the best auspices. That means with sats in your pocket and your financial future in good hands.