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The best things in life are free. So, if you’re ready to start investing in cryptocurrency, why not earn a few extra coins at the same time. Most crypto exchanges offer some kind of bonus to new customers. So all you have to do sign up with the one that will get the most crypto in your wallet.
What Is A Crypto Exchange?
Crypto exchanges are currently the premier way to buy and sell cryptocurrency, usually with no commission fees. Companies like PayPal offer coin trading but charge a 2-4 percent fee, which means less crypto for you. Crypto exchanges offer a quick, painless way to play in the crypto market, most of which give access to the biggest coins, while others offer hundreds of altcoins, too. Most crypto exchanges have apps, so you can take your cryptocurrency on the go, buying and selling as the marketing rises and falls.
Choosing the best crypto exchange can be the hard part. Here’s a list of the best exchanges with some killer bonus offers. Ka-ching!
Coinbase is one of the leading crypto exchanges, mostly due to its fast, secure cryptocurrency trades. The exchange also makes it easy to buy and sell large volumes of cryptocurrency, with the ability to trade many of the world’s leading coins.
Promotion: Get $5 in free Bitcoin for signing up.
The promotion isn’t much at first glance, but $5 in free Bitcoin when the coin first came out in 2020, would be worth over $3 million today.
Though your $5 in Bitcoin will likely only fluctuate a few dollars at this point, free money is free money. And all you have to do is sign up!
Currently, Cyrpto.com is not offering a sign-on bonus, but it has generous referral, Visa Card cashback, and interest programs that can enhance your portfolio in no time.
The referral program works when you sign up to the crypto exchange with a referral link or ID. Those who input the code during the sign-up process are eligible for up to $50 worth of CRO (the exchange’s personal crypto coin). To be eligible, referees must verify KYC at the advanced level and stake at least 1000 CRO (of USD 122.76) on the Crypto.com Exchange.
With 1,000-4,999 CRO and an advanced verification, the crypto exchange will gift $10 worth of CRO. With at least 5,000 CRO staked, the referee gets $50 worth of CRO.
The Visa Card program gives up to 8 percent cash back when cardholders spend (if they have a CRO stake). The card has no annual fees and gives various benefits like free streaming services and discounts on travel.
Combined with a high stake in CRO and the use of the Crypto.com Visa Card, the crypto exchange has plenty of bonus offers, though the buy-in is quite a lot of CRO (which is currently down on the market).
BlockFi accounts are handsomely rewarded with Bitcoin, though to access the bonus rewards, at least a $100 balance needs to be maintained on the crypto exchange for two and a half months. The bitcoin bonuses are tiered and are paid out on the 15th of each month.
The payouts for the bonus plan range from $15 to $250, with $100 being the minimum balance for the lowest payout and $20,000 minimum balance for the highest one. Though it sounds like a lot of dough, if you’re planning to be a big crypto trader, BlockFi may have the best bonus structure for you.
eToro is an interesting crypto exchange, especially because it has just opened up to residents of the United States. The exchange is mostly known internationally, as one of the top exchanges worldwide. The interesting thing about eToro is that it allows traders to practice with fake funds, like the stock market game from MarketWatch. For those new to crypto, eToro might be your best bet.
The bonus program is also very generous. With a freshly opened account and at least $1,000 traded in cryptocurrency, eToro will reward you with $50. Right now, the deadline to hit the $1,000 in cryptocurrency trades is June 30, 2021, though the program might return after the deadline.
This last choice is not specifically a crypto exchange. Instead, Robinhood is known mostly for its stock trading. Made popular by its gamification of the stock market, as well as $0 commission fees, Robinhood became the go-to for new and veteran investors alike. The stock exchange has since dipped its toe in crypto, though the options are still fairly limited (for now).
Opening a Robinhood account will grant you one free share of stock, valued anywhere from $3 to $225, though you’re likely to get one below $10. Though it’s primarily a stock exchange, Robinhood is slowly becoming a popular crypto exchange, especially for investors interested in keeping their trades all in one place. The bonus offer could also score new investors a lot if they’re lucky, and whether you’re going to invest in crypto or stocks, free is free.