Categories: Crypto

What Are The Best Crypto Sign-Up Bonuses? Highest Referral Bonuses For 2022

Where do we hodl? And where do we fodl? Doge is up 12000%, meanwhile $SOL is trading at 13% of the market cap of $ETH but has 2X the developers. Here are the best crypto sign up bonuses, and where to make your trades.

What Are The Top Places To Buy Crypto?

The type of cryptocurrency you want, fees, security, and withdrawal options determine where you buy your crypto assets. Choose from these selections of top places to buy crypto.

Coinbase is the easiest cryptocurrency exchange to buy and sell over 100 cryptocurrencies and altcoins. More so, advanced crypto traders can enjoy additional charts, features, and reduced fees on Coinbase pro. The platform is one of the most secure centralized exchanges, but it has custody of users’ private keys.

If you are looking for a crypto exchange where you can hold, lend, save and earn interest on your digital asset, BlockFi is your best option. Rather than leaving your cryptocurrency in an exchange, you can make up to 9.75% interest by saving it.

Robinhood is a commission-free Bitcoin trading platform. So, if you want to trade crypto at low fees, Robinhood is your choice. However, the exchange supports a limited number of cryptocurrencies.

How Does A Crypto Exchange Work?

A crypto exchange is a place where you buy and sell crypto assets. It is a place where people exchange their fiat for crypto. To get a clear picture of how a crypto exchange works, there is a need to know the different types of cryptocurrency exchange.

  • Custodial Exchange

A custodial cryptocurrency exchange, also known as a centralized exchange, is like a bank where people save their money. In this case, the platform serves as a custodian of crypto assets with wallets and holds investors’ private keys safe. Therefore, hackers can gain access to crypto funds under custody. Examples of such platforms include Coinbase, Binance, Kraken, KuCoin, and Huobi.  Centralized exchanges are heavily regulated, so they require users’ personal information for transactions through KYC.

  • Non-custodial exchange

A peer-to-peer or decentralized exchange connects buyers and sellers of cryptocurrency without acting as an intermediary between them. The philosophy behind non-custodial crypto exchanges is the removal of government and third-party influence from cryptocurrency transactions. Therefore, decentralized exchanges give users enormous control over their funds through non-custodial crypto wallets. More so, trading on a non-custodial exchange is transparent and automated. Most non-custodial exchanges support crypto-to-crypto transactions and are difficult for crypto beginners to navigate. Examples of non-custodial exchanges include; MDEX, Uniswap, and Sushiswap.

What Is The Difference Between A Custodial And Non-Custodial Exchange?

Most people are introduced to cryptocurrency trading through a custodial exchange. However, transacting on a custodial crypto platform defeats the core nature of cryptocurrency, which is decentralization. A custodial exchange requires trust in the authority that holds investors’ assets for safekeeping. On the other hand, users carry out trustless transactions on non-custodial exchanges.

Centralized exchanges are prone to hacking as they are responsible for all the users’ funds in their custody. They hold investors’ private keys and provide backup options in case of lost passwords. On the flip side, P2P exchanges offer anonymous crypto trading with a low risk of cyberattacks. Yet, users have complete control of their private keys and risk losing their non-custodial wallets.

Custodial wallets are highly regulated, so users are required to verify their identity through KYC to gain access. Still, they are convenient and they provide tools and infrastructure that are easy to use. In contrast, non-custodial exchanges enable anonymous trading, but it is not regulated, so you cannot retrieve cryptocurrency sent to the wrong wallet.

Custodial/Centralized Exchanges Non-custodial/Decentralized Exchanges
Users do not have control of their wallets Users in control of wallets
Back-up provided in case of lost password Lost private keys can mean lost funds
Susceptible to hacks Low risk of hacks
Customer support and an easy-to-use platform for beginners No customer support. Complex trading platform for advanced crypto traders
Requires KYC, identity verification, and trust in a central authority Enables anonymous transaction and trustless trading
Higher trading volumes and liquidity Lower trading volumes

 

What Are The Best Referral Bonuses For Crypto Sign-Ups?

Here are some of the best referral bonuses today;

  • Celsius Bitcoin Referral bonus- $40

You can earn up to $40 in BTC when you share your Celsius referral code with new users to join the network. Immediately they join and fund their account with at least $400, you will both enjoy $40 BTC.

Invite your loved ones to join eToro and earn $50 in return. Share your link with up to 10 friends and get $50 for each referral if your friend deposit and trade with at least $100.

  • BlockFi- $20

Refer more than five friends to join BlockFi and fund their BlockFi Interest Accounts (BIA) with a minimum of $100 and earn $20 BTC. You and your friend will earn $10 from your first five referrals and $20 from referring five friends upward.

  • Binance 40%

Invite friends and earn up to 40% commission every time your friends trade on both spots and futures market on Binance exchange.

Refer a friend to the AuBit network and earn $10. You can enjoy more rewards the more people you refer.

Platform Referral bonus
eToro $50
Celsius Bitcoin referral $40 BTC
BlockFi $20 BTC
Binance 40% commission
AuBit $10

 

What are the Highest Sign-up Bonuses for Crypto Exchanges?

  • Celsius Network- $40

Activate your new user account using a referral code and fund your account to enjoy a $40 sign-up bonus.

  • Crypto.com- $50 worth of CRO Token

Get up to $50 worth of CRO Token when you join Crypto.com with a referral code and stake more than 5000 CRO.

Join Gemini with a referral code and trade with $100 within 30 days of account creation to earn $10 BTC.

Sign up with a referral code and trade with at least $100 to earn $10 BTC on Coinbase.

Crypto Exchange Sign up Bonus
Celsius Network $40
Crypto.com $50 CRO Token
Gemini $10 BTC
Coinbase $10

 

If you need extra cash to start your crypto trading journey, referring friends and family can be very profitable if you know where to look.

andrew@lifetailored.com

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andrew@lifetailored.com

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