Free crypto coins have become increasingly popular incentive offers for savvy customers. Credit cards in particular offer sign-up bonuses that include a cryptocurrency ownership stake. Extra coins come in handy if people already have crypto accounts, and the investment option is worth considering for those who don’t.
Best Crypto Incentive Offers
Crypto incentives include credit card rewards, free cryptos and earning opportunities, but don’t forget about declaring the income on taxes at the end of the year. Investors owe capital gains taxes on the sale of cryptos, and mining coins or earning rewards can be considered regular income. The following incentive offers rank among the best.
1. Shopping Rewards
Interested people can download a browser extension on Google Chrome or Firefox called Lolli. The extension offers Bitcoin back from many of the app’s retail partners. Investors or wise shoppers can earn cryptocurrency back on the items they normally purchase. Rewards can range from 1% to 30% depending on the retailer and product. Beginners might need a crypto wallet for storing their bounty.
2. Credit Cards Offering Cash Back
Cryptocurrency credit cards work just like travel and other specialty credit cards. Investors can earn crypto back with every purchase, and cryptos can fluctuate in value for more than expected. Gemini crypto exchange and Fintech companies like BlockFi offer or plan to offer crypto rewards soon. Investors can earn from 1.5% to 3.5% of their total credit card purchases.
3. Bonus Offers from Crypto Exchanges
Crypto exchanges often offer sign-up and referral houses paid in cryptocurrency. A recent Coinbase sign-up bonus paid $5, and the exchange now offers $10 for signing up, referring a friend and spending at least $100.
4. Coinbase Earn
The popular crypto exchange Coinbase offers various incentives for learning about cryptocurrency. Watch the videos, and take the quiz to qualify. The information is typically about a particular kind of altcoin, which people can earn for learning. Don’t worry about getting any answers wrong because participants can take the test as many times as needed to pass. Investors who plan to keep their coins should change them into Bitcoin or Ethereum for long-term investing.
Investors can earn interest on Bitcoin and other cryptocurrency holdings. For example, investors can earn 7.4% when lending money to institutional investors at Gemini Earn. BlockFi has a similar program. Investors can earn money by simply leaving their cryptos in their digital wallets, which is exactly how to earn Bitcoin. The process is called staking, and many crypto companies offer variations on the theme.
Developers often deliver airdrops of cryptocurrency to promote a new product. It’s similar to Easter egg drops in local parks that used to be so popular. Investors can check online for scheduled airdrops because they’re often promoted on websites, media sites and news feeds. Those who qualify often receive their money directly in their digital accounts without needing to catch it, but the practice offers a level of excitement and immediacy.
Tracking Crypto Savings
Experienced investors or crypto neophytes can buy crypto and track prices of any saved cryptocurrency incentives. Real-time rates add interest and excitement to crypto saving, and investors might decide to increase their investments.