Terms & Conditions
“ETH anniversary raffle“

1. General 

The following terms and conditions (“Terms”) govern the rules for participating in the promotion “ETH Anniversary Raffle“ (“Promotion”) of Bitpanda GmbH, with registered office in A-1020 Vienna, Stella-Klein-Löw-Weg 17 (“Bitpanda”) and the resulting legal relationship between Bitpanda and Bitpanda Clients participating in the Promotion (“Participant” as defined in Section 3 or “you”).

Please be advised, participating in the Promotion shall constitute your unconditional acceptance to be bound by any and all of the terms of these TC. Bitpanda Group TC and Bitpanda GmbH & BAM Terms and Conditions in their current versions apply. The English version is a referential translation of the original German version of these Terms. In the case of any discrepancy, the German version shall prevail.

By participating in the Promotion, you represent and warrant you meet the eligibility requirements below and acknowledge that failure to meet all eligibility requirements will result in your disqualification. 

Disclaimer: Investing in crypto carries risks. You could sustain a loss of some or all of your investment. Crypto assets are complex instruments and subject to extreme volatility. Conduct your own research before concluding a transaction. This Promotion does not constitute financial advice or an invitation to conclude a transaction.

Staking and crypto assets involve a certain risk and there is always the possibility of loss, including the total loss of all staked digital assets. Participating in staking involves an additional risk known as slashing, where a portion of your staked assets may be forfeited. Make sure you understand the risks involved before buying or staking any coins.

2. Duration 

This Promotion will begin on 24th of July, 2024, 00:00 (CEST) and end on 8th of August, 2024, 23:59 (CEST) (“Promotion Period”).

3. Eligibility and Entry: 

Entry is open to fully verified and registered Bitpanda Clients (“Participant”) who

(a) meet all the requirements described in these Terms, 

(b) are not resident in a country or territory where the Promotion is not available*, 

(c)  i) for Part 1 - Raffle: buy Ethereum [ETH] worth at least 10 EUR on the Bitpanda Broker during the Promotion Period 

      ii) for Part 2 - Staking: stake at least 10 EUR worth of ETH, which you have bought during the Promotion Period, on the Bitpanda Broker during the Promotion Period (Please note that only the invested amount in Part 1 can be used for staking in Part 2),

(d) accept these Terms.

New Bitpanda users will be required to sign up and register, complete the identity verification process and deposit funds into a new Bitpanda account in order to participate. 

The following natural or legal persons are not eligible to enter the Promotion: 

(a) persons performing market making services or any similar services as well as institutional investors,

(b) Bitpanda Technology Solutions users,

(c) employees and the immediate family members of such employees of Bitpanda or its affiliated companies, parent companies, subsidiaries, participating promotional partners, advertising agencies, and any company involved in the creation, production, or fulfilment of the Promotion.

*Please note that - due to regulatory requirements - Bitpanda Promotions are not available to users in certain restricted jurisdictions (Bitpanda Clients with residence in the Netherlands, in Belgium, in Turkey and in the UK). 

Any volume generated by the Participant prior to participating in this Promotion will not be taken into account and will not count towards purchase volume calculations. Any purchase volume generated outside of the Bitpanda Broker will not be taken into account. Swapping assets, L-Token and Bitpanda Crypto Indices are excluded from this Promotion. 

4. Prizes, Winner Selection and Notification

After the Promotion Period has ended, certain Participants will be selected according to the criteria set out below (“Winners”) and will be awarded a prize (“Prize”). The amount received per Prize is determined by the market value according to the asset/EUR trading pair on Bitpanda at the time of transfer to the Winners. 

Part 1 - Raffle:

A Participant who meets the eligibility and entry criteria (as described above) is eligible to be entered into the Raffle (“Raffle Entry”) and to win a Prize of 1 Ethereum [ETH]. Raffle Entries will be drawn at random until 10 (ten) unique Participants are selected. 10 Winners for the Raffle will be awarded, each of them with a Prize of 1 Ethereum.

Part 2 Staking: 

Participants who stake at least € 10 worth of ETH they acquired in the course of participating in Part 1 - Raffle, will get 2.5% cashback on their total stake amount. As a maximum, a Participant can receive a cashback amounting to € 250.

No substitution or cash equivalent of the Prize, or any portion thereof, is permitted. The value of crypto assets is subject to change, and there can be a substantial risk that it could lose value (potentially all value) as a result of buying, selling, or holding the Prize.

Only Bitpanda Clients who (i) meet all the requirements described in section 3 and (ii) were not, for whatever reason, disqualified by Bitpanda in accordance with section 5 are eligible. 

Bitpanda will strive to transfer the Prizes to the respective Participants by 31st of August 2024. The transfer may be delayed and Bitpanda shall not be liable for any losses arising out of or in connection with a late transfer (e.g. losses due to price changes).

The Prizes will be credited directly to the Participants’ respective Bitpanda Broker wallet. 

Participants, who are declared Winners in accordance with this section will be notified accordingly via email to the email address they have stated in their Bitpanda Client Account. In the event a potential Winner cannot be contacted, fails to respond or refuses the Prize, the potential Winner will be disqualified without further notice and an alternate Winner may be selected. Bitpanda assumes no responsibility for undeliverable emails. All potential Winners are subject to verification by Bitpanda.

5. Disqualification

Bitpanda reserves the right to disqualify a Participant it suspects or finds (i) to have tampered with the entry process or the operation of the Promotion, (ii) to be acting in collusion with other Participants aimed at manipulating or disrupting the Promotion, (iii) to be acting in violation of these Terms, (iv) or in breach of any other applicable terms and conditions of Bitpanda, its subsidiaries, or (v) to have provided inaccurate information.

Disqualified Participants will not be entitled to become a Winner or win any other Prize under this Promotion.

Any attempt by a Participant to deliberately undermine the legitimate operation of this Promotion is a violation of laws, and should such an attempt be made, Bitpanda reserves the right to seek damages from any such Bitpanda Client or individual. 

Bitpanda is not responsible for the accuracy of the data you provide and may disqualify a participant if the email address of the Bitpanda Client is not valid.

6. Limitation of Liability

To the extent permitted by law, in no event shall Bitpanda be liable for any direct or indirect loss arising out of or in connection with the Promotion. 

Bitpanda reserves the right, without any prior notice or compensation to you, to suspend, cancel, postpone or modify the Promotion, at any time, for any reason whatsoever. You do not have any legal claim against Bitpanda arising out of or in connection with this Promotion.

7. Privacy and Taxes

All data processing at Bitpanda is carried out in accordance with Article 6 Paragraph 1 Letter b of the General Data Protection Regulation 2016/679 (“GDPR”) for the purpose of establishing the legal relationship with the participant and for the subsequent implementation and processing of the Promotion.

For more information about personal data, how, why and for how long it is processed and what rights participants have under the GDPR, we refer to this link: https://www.bitpanda.com/en/legal/bitpanda-privacy-policy.

Participants are solely responsible for any/all applicable taxes related to the Prize. Potential Winner should consult a tax advisor to determine tax implications in accepting any Prize. 

8. Contact

For further questions regarding this, please contact support.