Most reviews follow a simple scheme describing all available bonuses on the crypto exchange. We will go from the opposite and talk about bonuses, giving platforms as an example, to simplify your choice.
Sign-up/Welcome bonus
A crypto exchange sign-up bonus is the most common form of reward, as it gives new traders both the necessary emotional boost and financial confidence before starting a full-scale trading activity.
Today, 4 out of 5 crypto exchanges offer freshmen crypto exchange welcome bonus. Therefore, we will highlight only the most intriguing options:
- Binance crypto platform provides the most transparent and simple scheme - the trader receives 100 USDT (vouchers) immediately after registration, that is why, this is the best crypto exchange sign up bonus.
- BingX offers two sign-up bonus options. In the shortened registration scenario, the trader receives $30 in the Mystery Box and, after full verification, gets $500.
- Among all crypto exchanges sign up bonus systems, this one has the easiest conditions. Namely, 100 USDT for registration and 200 USDT for completing the KYC procedure from KuCoin platform.
Sometimes crypto exchanges apply a gaming format, e.g., Coinbase provides a new crypto exchange sign up bonus after spinning the wheel of fortune.
Deposit bonus options
Even more monetary rewards await traders after completing the first action on the crypto exchange. And what is the next action after registration? You have already guessed that this is the wallet replenishment. The brightest example of such a bonus is the "5 USDT + 3 USDT" system on the MEXC platform after the first deposit.
A crypto exchange deposit bonus is a great way to encourage traders to start the process of investing or buying/selling cryptocurrencies. For this reason, some platforms provide this bonus only after the trading start.
No deposit bonus offers
Crypto exchanges with no deposit bonuses are the rarest way to reward traders, as they do not require the wallet replenishment. Сrypto exchange free bonus can only mean that the platform is ready to provide you with the necessary arsenal of tools, including financial ones, without a single cent invested.
Referral bonus programs
Each crypto exchange strives to develop its brand, and the most effective tool to achieve this goal is to attract new traders. The best way to expand the customer base is to provide a crypto exchange referral bonus if the trader invites his friend to the platform. For example, BingX offers the most generous share within the referral program, namely a 50% commission on referral trades, while OKX takes a step forward — 50 USDT for each invitation and, subsequently, a 40% commission.
Crypto Exchange Bonus Reception
Many traders have great doubts about the fact that colorful pictures about the sea of bonuses will turn into reality. Therefore, it makes sense to talk separately about the ways to obtain them.
In the classical paradigm, receiving bonuses has a close connection to the following rules:
- Sign-up bonus — To receive this reward, traders most often need to meet three conditions: register, go through the identity verification process, and realize the bonus within the established timeline.
- Deposit bonus — the concept of "three actions" remains but with modifications. In particular, the user needs to replenish the account, complete tasks from the platform, and save a certain trading volume.
- No deposit bonus — we go downhill, as to receive this award, you do not need anything except registration; the bonus comes automatically.
- Referral bonus — getting a bonus partly depends on you since you send the link to another user, but you can use the bonus when he registers and starts trading activities.
It is important to remember that the rules for receiving a bonus vary depending on the crypto exchange, so it is critically important to familiarize yourself with the information in the special section about bonuses on each platform.
Best Crypto Bonuses: Final Thought
Receiving a bonus is a great start for any trader and a sign to him that the crypto exchange is ready to support his investment initiatives. A trader can receive bonuses at all stages up to the first big success, but the most crucial thing is to comply with the platform requirements.