Everyone loves a good Bitcoin bonus. This article explores the best platforms offering Bitcoin sign-up bonuses in 2024. Learn how to get your hands on some BTC and start maximizing your cryptocurrency investments today.
- Top platforms to earn a Bitcoin sign-up bonus
- 1. Coinbase
- 2. Uphold
- 3. Nexo
- 4. ZenGo
- 5. Wirex
- 6. Margex
- 7. *KuCoin
- What is a Bitcoin sign-up bonus?
- How to maximize your Bitcoin earnings from sign-up bonuses
- How does a Bitcoin sign-up bonus work?
- Other ways to earn BTC bonuses
- Lending
- How are Bitcoin bonuses taxed?
- Choose the best bonus for you
- Frequently asked questions
Top platforms to earn a Bitcoin sign-up bonus
1. Coinbase
Coinbase is a remote-first, centralized exchange based in the United States. It was created by Brian Armstrong and Fred Ehrsam in 2012. The former is the current CEO of the company. Since its inception, the company has become one of the world’s largest cryptocurrency exchanges by volume.
• Offers Coinbase and Coinbase Advanced Trade (for advanced trading)
• Platform for NFT trading
• Proprietary non-custodial wallet
• Base blockchain
• Earn products
1. Go to Coinbase.
2. Register for an account.
3. Add a payment method.
4. Make your first purchase of any cryptocurrency.
5. Receive Bitcoin.
$5 in BTC.
2. Uphold
Uphold is a centralized exchange based in the U.S that was previously known as Bitreserve. It was created in 2013 by Halsey Minor, an American businessman and founder of CNET. It offers many financial services, in addition to offering cryptocurrency related products.
• Vault custodial services for securing crypto
• Buy, sell, and trade crypto, fiat, and precious metals
• API integration for businesses
1. Go to Uphold.
2. Sign up for the Uphold platform.
3. Retrieve your wallet referral link to give to friends/ new Uphold users.
4. Referral must deposit then spend at least $250.
$20 in Bitcoin.
Nexo is a centralized exchange in the cryptocurrency industry. It was founded in 2018 by Antoni Trenchev, Kosta Kantchev, and Kalin Metodiev, with Georgi Shulev. The company, which has its roots in Bulgaria, also manages substantial assets for users worldwide.
• Earn interest on cryptocurrency deposits
• Receive fiat and crypto loans with multi-collateral options
• Buy, sell, and trade multiple cryptocurrencies
• Debit and credit card with cashback options
1. Go to Nexo.
2. Sign up for an account.
3. Select the ‘Referral’ tab and copy your unique link.
4. Share your link with a firend.
5. They must complete sign up, identity verification, and deposit at least $100 in crypto.
You and your referral will receive $25 in BTC.
ZenGo, a company specializing in cryptocurrency wallet technology, was founded in June 2018. The founders are Ouriel Ohayon, Tal Be’ery, and Omer Shlomovits. ZenGo is headquartered in Tel Aviv, Israel, and operates as part of Kzen Networks Ltd.
• In-app staking
• MPC encrypted security
• Seed-less and password-less wallet security
• Face recognition technology
1. Download the ZenGo wallet app.
2. Back up your Zengo wallet.
3. Give a friend your unique ZenGo referral code.
4. Your friend must spend at least $500.
Each referrer is eligible for a reward for up to one referral per week.
$10 per referral, limited to one referral per week
Sign-up bonuses which can be exchanged for BTC
5. Wirex
Wirex, a crypto payment platform, was founded in 2014 by Pavel Matveev and Dmitry Lazarichev. The company is known for its payment services, particularly for creating a cryptocurrency to fiat payment card in 2015. Wirex is headquartered in Europe.
• Proprietary mobile wallet
• Fiat to crypto card
• Crypto exchange to buy and trade crypto
1. Go to Wirex.
2. Use the BeInCrypto link to sign up for the platform.
3. Register/ KYC.
4. Receive 1000 WXT and exchange it for BTC.
$5 in WXT
6. Margex
Margex is a crypto trading and investment platform that was founded in 2019. The exchange is based in Seychelles. The platform allows crypto spot trading but also has derivatives and many other financial products.
• Buy and sell, spot trade and derivatives
• Copy trading
• Earning features like staking
• Demo trading
1. Go to Margex.
2. Register for and account.
3. Receive $50 registration bonus.
4. Deposit at least $100.
5. Receive $50 deposit bonus.
$100
7. *KuCoin
KuCoin is a cryptocurrency exchange that was launched on Sept. 15, 2017. The platform was founded in 2013 by a group of individuals including Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin. It is headquartered in Seychelles.
• Buy, sell, and trade crypto
• Spot, bot, margin, and derivatives trading
• Fractional NFTs
• KuCoin Earn products like staking and more
1. Go to Kucoin.
2. Register for an account.
3. Complete KYC instructions.
4. Deposit and make your first trade.
5. Receive USDT and trade for BTC.
100 USDT
*In 2024, KuCoin is facing charges from the Department of Justice following allegations that the platform knowingly flouted AML rules in the U.S. The company’s legal woes have dramatically dropped its market share, with many concerned users withdrawing funds from the platform. For a detailed overview of the current situation, please check our explanation of KuCoin’s legal status. If you are considering alternatives to KuCoin, explore our recommended exchanges here.
| Platform | Type | Geo | Fees | Bonus |
|---|---|---|---|---|
| Coinbase | Brokerage | 100+ countries | $0.99-$2.99 | $5 in BTC |
| Uphold | Trading platform | 45 countries | 0.25-2.5% | $20 in BTC |
| Nexo | Trading platform | 150+ countries | 0.2% | $25 in BTC |
| ZenGo | Wallet | Global | N/A | $10 per referral |
| Wirex | Payment platform | 130 countries | N/A | $5 in WXT |
| Margex | Exchange | 150+ countries | 0.06% (maker) and 0.019% (taker) | $100 |
| *Kucoin | Exchange | 150+ countries | 0.1% | 100 USDT |
What is a Bitcoin sign-up bonus?
A Bitcoin sign-up bonus is typically a promotional event where a platform persuades users to sign up to use its service in exchange for Bitcoin. This attracts users in hopes that they will use the platform after signing up.
When you consider the volatility of the crypto market, where exchange trading volume often fluctuates or declines, bonuses help boost exchange revenue.
In this way, bonuses mutually benefit both the consumer and the exchanges. CEXs can always use them as a tool to attract new users, and customers can use them as a way to earn a little extra crypto.
How to maximize your Bitcoin earnings from sign-up bonuses
Sign-up bonuses essentially offer a form of free money that can help you build your crypto portfolio. Here are some key strategies to ensure you’re getting paid in crypto as efficiently as possible:
- Research multiple platforms: Not all platforms offer the same bonuses. Compare the sign-up bonuses from various exchanges to find the most lucrative offers.
- Read the terms and conditions: It is crucial to understand the requirements for receiving and withdrawing your bonus. Some platforms may have specific conditions, such as trading a certain volume or holding the funds for a set period.
- Complete all verification steps: To qualify for the bonuses, you must complete the necessary verification processes, such as identity verification and email confirmation.
- Utilize staking or lending: Some platforms allow you to earn interest on your Bitcoin. Consider staking or lending your bonus to increase your earnings.
- Diversify your platforms: Don’t limit yourself to one platform. Signing up for multiple exchanges can multiply your bonuses.
- Watch for scams: Ensure your chosen platforms are reputable and secure to avoid potential scams or losing your free money.
- Plan your withdrawals: Understand the best times to withdraw your Bitcoin to maximize the value you receive, considering potential fees and market conditions.
How does a Bitcoin sign-up bonus work?
Generally, a sign-up bonus works by offering new users the opportunity to earn Bitcoin and, in some cases, other cryptocurrencies. In many cases, signing up for the platforms offering Bitcoin bonuses is merely the first step and requires further action.
Therefore, stay prepared to commit to a few extra steps to receive that bonus. Given that many exchanges require proof of personhood, you will typically have to complete Know Your Customer instructions to further qualify for the bonus.
Some Bitcoin rewards platforms may stop here and reward you. Comparatively, some will require you to deposit a certain amount of crypto or fiat to fund your account.
Lastly, you may have to trade. Typically, the requirement will be at least one trade of a specified amount. In return, you will receive a bonus. It is important to note that each platform is unique and may have restrictions on how you use your Bitcoin.
For example, the exchange may not allow you to take your Bitcoin off of the exchange or give you an IOU that represents Bitcoin, rather than actual Bitcoin. On the other hand, some Bitcoin sign-up bonus platforms may require a referral. In the latter scenario, the bonus event is closer to a crypto affiliate program.
Other ways to earn BTC bonuses
Learn-to-earn & airdrops
Beyond sign-ups and registrations, there are other ways to earn Bitcoin. In particular, learn-to-earn and crypto airdrop opportunities allow you to earn Bitcoin at little to no cost.
In brief, learn-to-earn simply means that you can earn Bitcoin and other cryptocurrencies simply by learning. For example, YouHodler, in collaboration with BeInCrypto, allows you to earn by completing learning tasks.
Moreover, airdrops give you crypto for completing certain tasks or as a reward for your loyalty to a particular platform. Both opportunities present low to no-cost ways to earn BTC and, in some cases, passive income.
Lending
Crypto lending is a key DeFi offering. It works similarly to traditional lending services offered by banks. With DeFi, loans are granted so long as the individual meets collateral requirements. Rather than a human intermediary, these loans can be rapidly executed by smart contracts. In another mirror image of TradFi, crypto cards are also becoming increasingly mainstream. Some of these services offer perks such as cashback rewards and attractive interest rates.
Staking
Crypto staking is a key component to the functioning of proof-of-stake blockchains. Staking secures the network and generates new coins. In practice, users lock their assets for a set period to support a blockchain’s functioning. In doing so, stakers can earn additional cryptocurrency as a reward.
It’s important to note that Bitcoin cannot be directly staked as it’s a proof-of-work (PoW) coin. You can either stake wrapped BTC on proof-of-stake (PoS) blockchains, or use CEXs that allow BTC staking
How are Bitcoin bonuses taxed?
Bitcoin taxation on bonuses is largely dependent upon the jurisdiction that you reside in. For example, in the United States, the IRS treats cryptocurrencies as property for tax purposes. Therefore, when a person receives a bonus in crypto from a CEX, it is considered as income.
Keen to know more about crypto tax in your area? Check out our comprehensive crypto tax guide.
Choose the best bonus for you
A Bitcoin bonus is an appealing concept. All the offers listed in this article represent genuine opportunities to receive free crypto. But don’t get carried away. Remember to prioritize safety and crypto wallet security at all times. Only ever click on official links, and beware of crypto scams. Finally, the crypto market is volatile, and today’s profit could be tomorrow’s loss. Always move through decentralized ecosystems with a strategy, and never invest more than you can afford to lose.
Frequently asked questions
Bitcoin is a decentralized digital currency that operates without a central authority or intermediaries, relying on a peer-to-peer network to facilitate transactions. It was created in 2009 by an anonymous person or group known as Satoshi Nakamoto.
Bitcoin is primarily a digital currency designed for secure and decentralized transactions, while Ethereum is a blockchain platform that supports smart contracts and decentralized applications (DApps). Additionally, Ethereum uses a proof-of-stake consensus mechanism compared to Bitcoin’s proof-of-work system.
Yes, Bitcoin bonuses are real. It is important to check the terms of the bonuses offered by each platform. Different platforms have different terms of eligibility.
Bitcoin bonuses have specific terms of eligibility. Navigate to the platform and follow the specific requirements. Platforms will usually require registration, KYC, deposit, and or a single trade to claim a bonus.
To obtain a free Bitcoin bonus, you must seek out platforms that provide bonuses. Follow the specific requirements to gain eligibility. After completion, you can earn free Bitcoin.
You must check the terms of receiving the Bitcoin bonus. Some platforms do not provide actual Bitcoin but allow you to trade IOUs on Bitcoin. In other words, some exchanges do not allow you to remove BTC from the platform. Different platforms allow you to cash out Bitcoin through bank transfers or cards.
Yes, it is possible to convert Bitcoin to cash legally. It is important to point out that what qualifies as “legal” largely depends on the country or jurisdiction. In general, there are companies that will cash you out for your Bitcoin.
Whether or not it is smart to invest in Bitcoin mostly depends on your specific financial situation and investment goals. It is important to remember never to spend more than you can comfortably afford to lose. You should also set investment goals before investing.
Bitcoin’s safety and legality mostly depend on how you use it. It is best practice not to engage in any illicit activities with Bitcoin. It is also advised to practice good operational security when handling Bitcoin.
To invest in Bitcoin as a beginner, start by educating yourself about how Bitcoin works. Choose a reputable centralized exchange. Begin with a small investment and stay informed about market trends.
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