Several prominent companies offer crypto rewards, offers, bonuses, and promotions. You can earn many types of crypto bonus rewards when you sign up for an exchange. Plus, various platforms run crypto promotions to incentivize new users. Also, if you use a crypto debit or credit card, you could be eligible for all kinds of crypto offers and perks. Long-term strategies help investors to weather any storms they might encounter in the crypto market. For example, dollar cost averaging (DCA) allows investors to steadily build their portfolios with whatever they can afford each month. However, there are plenty of ways to enhance your portfolio for free if you know where to look.
In this article, we’re going to dive deep into the world of crypto promotions. We’ll explore the various types of crypto offers available. Plus, we’ll discuss the pros and cons of participating in crypto reward schemes. Also, we’ll explore some of the other ways to earn free crypto and the things to consider before signing up for multiple platforms.
Exploring Crypto Offers and Promotions
Crypto platforms go to extraordinary lengths to gain an edge over their competitors. These offers give platforms an opportunity to entice new users by giving them free coins and tokens. There are several types of crypto promotions and offers available. However, most of them involve users completing tasks to become eligible for crypto bonus rewards and perks.
Many popular Web3 projects run promotional crypto offers during a bull market, but in a bear market, these offers can be harder to come by. Nonetheless, there are several crypto offers available on different platforms. Below, we take a closer look at some of the different crypto offers available in 2022.
Crypto Debit Card Promotions
Crypto debit and credit cards are commonplace these days. Most of them offer crypto rewards and cashback on purchases in a range of crypto assets and use a tiered reward system. For example, you may be required to lock up an amount of tokens or coins in order to receive crypto bonus rewards on purchases. Generally speaking, the more tokens you lock up and the longer the duration of the stake, the more crypto rewards you can earn.
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Learn and Earn
One of the easiest ways to earn free crypto rewards and bonuses is through the various “learn-to-earn” schemes available on several of the top crypto exchanges. These initiatives allow users to earn a range of crypto rewards by taking quizzes and learning about various crypto projects. If you’re already a user of one of these platforms, learn-to-earn is perhaps the easiest way to top up your portfolio for free with minimal hassle. Plus, you don’t need to provide any additional information, and you can often trade and withdraw these assets as you please.
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Crypto Exchange Bonuses
Many of the top crypto exchanges use sign-up bonuses to incentivize new users to join the platform. Some exchanges also offer referral bonuses to encourage users to spread the word and get their friends to use the same platform. Crypto bonuses can be a great way to earn a passive income. Also, they allow users to trade without risk using any additional capital they earn as a bonus. However, exchanges usually require traders to deposit a certain amount.
Furthermore, not all exchanges allow users to withdraw crypto bonuses. Additionally, users are often required to adhere to specific criteria in order to use crypto bonus funds, so in some cases, it can be more trouble than it’s worth when trying to maximize earnings from crypto bonuses. That said, if you’re already planning to use a crypto exchange, it’s worth investigating the various crypto offers available. Below, we explore some of the top crypto exchange offers and bonuses.
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Binance
Binance is the number-one cryptocurrency exchange by daily trading volume. Established in 2017, Binance is one of the most popular crypto exchanges globally and allows users to buy, sell and trade more than 350 crypto assets. The platform features several crypto bonus offers and rewards. For example, the Learn & Earn initiative allows users to earn crypto rewards for learning about various crypto projects.
Also, the Binance Earn service offers a range of staking and yield farming opportunities. Plus, users can win up to $100 for verifying their accounts. Furthermore, users who hold the native BNB coin earn a discount on trading fees throughout the platform. Plus, users can pass on trading fee discounts using referral links.
Coinbase
Coinbase is the second-largest crypto exchange by daily trading volume. Founded in 2012, the platform is extremely popular among new users and offers more than 200 crypto assets. Coinbase offers a similar “learn to earn” service as Binance, where users can earn crypto rewards by completing free quizzes. Plus, the platform offers a range of staking and yield options.
Additionally, Coinbase users can earn up to $10 in crypto rewards whenever someone signs up to the platform using their referral link. What’s more, there’s no limit to the number of referral links a user can issue to their friends and family.
FTX
The third crypto exchange by trading volume is FTX. FTX was founded in 2019 and became one of the fastest-growing crypto exchanges throughout 2021 and 2022. The platform uses an innovative staking model. Users can lock up a range of crypto assets to earn staking rewards. Plus, users earn higher rewards for referring others to FTX staking pools. Users who participate in staking on the platform also get the chance to enter competitions to win non-fungible tokens (NFTs) and other non-crypto rewards like FTX merchandise.
The native FTT token is the primary unit of account used for trading fees throughout the platform. FTT holders earn the right to vote on proposals to make changes to the platform. Plus, stakers earn a reduction on trading fees which is payable in FTX. Also, they get to enter initial exchange offerings (IEOs) and airdrops.
Kraken
The fourth crypto exchange in our crypto rewards list is Kraken. Established in 2011, Kraken allows users to buy and trade more than 185 crypto assets. The Kraken staking feature offers flexible staking on various coins and tokens. Plus, there is no minimum staking duration.
Kraken is often compared to Coinbase for its simplicity and ease of use. However, Coinbase appears to offer more crypto promotions and offers, while Kraken offers slightly lower fees. Moreover, Coinbase offers a more diverse selection of crypto promotions, but Kraken offers higher staking rewards.
Kucoin
The final cryptocurrency exchange on our list is Kucoin. Kucoin was founded in 2017 and is a popular exchange for exotic altcoins. Users can trade more than 700 coins and tokens and participate in a range of activities to earn crypto rewards. For example, users can participate in cloud mining and Kucoin Pool to earn stable crypto rewards. Plus, the Kucoin Earn feature offers a portfolio management system for maximizing earnings on various crypto assets with a range of lock-up durations..
Furthermore, holders of the native KCS token can earn daily crypto bonus rewards and can benefit from the Kucoin profit-sharing mechanism. KCS holders also get trading fee discounts. Plus, anyone can apply to participate in the Kucoin Spotlight token launch platform to get early access to new projects.
Considerations for Crypto Bonus Rewards
If you’re chasing crypto bonus offers, there are a few things to consider before you sign-up and deposit funds onto multiple platforms. If you’re signing up to a platform purely for the crypto bonus, it’s worth considering what the platform is asking of you and if you would use the platform for anything other than the crypto promotion you’re following. Also, you may want to consider how much capital you have to put at risk to participate in any crypto promotions.
Furthermore, the number of crypto scams is constantly increasing. It’s important to consider the legitimacy of any platform you interact with when hunting down crypto rewards. Additionally, some crypto bonus offers and promotions require users to trade high volumes. Plus, many crypto promotions make it difficult to withdraw rewards. As such, always conduct your own research and exercise due diligence when chasing crypto promotional offers.
Other Ways to Earn a Passive Income With Crypto
Now that you’re familiar with crypto offers, let’s take a look at some of the other ways you can earn passive income with crypto. Airdrops are a popular marketing tool for emerging crypto projects. To participate in an airdrop, you’ll likely need to share content on social media, be active in a Discord or Telegram channel, or share your email address and crypto wallet address. In return, you receive free crypto tokens. What’s more, some airdrops use a tiered system that rewards participants according to their contribution.
Furthermore, you can earn passive income with crypto by participating in mining or staking. Mining generally requires an upfront investment and technical knowledge of mining rigs. Plus, you’ll have to pay for any electricity you use. Nonetheless, mining can be a profitable endeavor. Staking requires you to lock up tokens as part of a consensus mechanism like Proof-of-Stake (PoS) or via a soft staking service that allows a platform to earn a yield on your assets and pass on some of the returns to you. Either way, there are multiple platforms available that enable you to lock up crypto assets and earn staking rewards.
Additionally, being a liquidity provider allows crypto holders to put their idle assets to work. Liquidity providers are an essential component of decentralized finance (DeFi). They deposit token pairs into a liquidity pool for others to trade against. For example, a liquidity provider can deposit an equal value of ETH and USDT into a liquidity pool. In return, liquidity providers earn a portion of the transaction fees each time someone trades ETH for USDT or vice versa.
Crypto Promotional Offers: Are They Any Good? – Summary
Crypto bonus offers and promotions are everywhere these days. While many of them allow users to earn a passive income with crypto and earn free tokens, they often require a lot of time and energy. When searching for crypto rewards, promotions, and bonus offers, it’s important to look out for what any given platform asks of you. For example, if you sign up for a crypto exchange and intend to deposit $50, bear in mind that you’ll likely find several crypto offers that make you want to deposit more. Nonetheless, there are plenty of ways to earn crypto rewards without breaking the bank or deviating from your budget.
Moreover, crypto promotions are a common marketing tool. While it may be a minefield, seeking out legitimate crypto promotions for projects with high utility can help investors to get in at the ground level before the majority. That said, it’s always important to thoroughly research a platform before signing up for it.
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