What is a Crypto Bonus?
Crypto bonuses are a type of program used by crypto exchanges as promotional offers to attract new traders. There are different types of crypto bonuses and crypto promotions. But the main types are sign-up bonuses, referral bonuses, and reward bonuses.
- Referral bonuses are a good way to generate some passive income
- You can use your sign-up bonuses to trade without risking the money you deposited
- You can make some nice profits you can withdraw when trading with your sign-up bonuses
- Usually, you should deposit a certain amount of money to receive a sign-up bonus
- You should match certain trading criteria to be allowed to withdraw some bonuses
- In some cases, the conditions to receive and withdraw the bonus are too high, and the bonus is not worth the effort
The Main Types of Crypto Bonuses and Promotions
Crypto Sign Up Bonus
A Crypto sign-up bonus is a type of bonus given by a crypto exchange to its new users as a reward for opening an account. The sign-up bonus is different from crypto exchange to crypto exchange. Usually, it is given after verifying your account and depositing a certain amount of money in your account balance. Some crypto exchanges might require you to make a trade before giving the sign-up bonus.
Crypto Reward program
A crypto reward program is a type of crypto bonus where the trader should perform certain activities to receive a bonus. For example, Coinbase has a reward program called Coinbase Earn to reward its users with free cryptocurrency. To obtain free cryptocurrency, simply watch a few videos about an available cryptocurrency of your choice and complete a test or quiz.
Crypto Referral Bonus
Crypto referral bonuses are given to people who are part of a crypto referral program. A crypto referral program is one in which an online broker or cryptocurrency exchange generates a unique registration link for its users. When someone opens a new account through a trader’s registration link, the trader receives a crypto referral bonus that consists of a certain amount of free crypto or money.
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