4 Things You Need to Know About Crypto Referral Codes

A referral code is a string of letters or numbers that are given out by websites, usually to new customers. More often than not, they unlock discounts or bonuses. Crypto referral codes, therefore, are codes issued by crypto exchanges. Typically, crypto referral codes give customers unique sign-up bonuses.

If you’re planning on taking up crypto changing then it’s a very good idea to use a referral code. A referral code will help you to save money, make some extra cash, and access unique bonuses.

Here are four things you need to know about crypto referral codes.

Multiple Platforms

The first thing that you need to know about crypto referral codes is that they are available on lots of different platforms. According to the experts over at HowToReferral.com, platforms like Coinbase, FTX, Binance, and BitMex, all offer referral codes. The bonuses that are given out by these websites are all unique to them. One site might give out a free trade of up to a fixed amount whereas another might double a customer’s first deposit. Make sure to do your research and find the platform that is right for you.

Different Bonuses

There are many different types of bonuses, as mentioned in the previous section. You shouldn’t sign up for an exchange just because it is giving bonuses out. You need to spend some time doing your research so that you can find the exchange that is right for you. One good way to tell whether or not an exchange is worth using is to read its reviews. Usually, a site’s reviews will tell you a lot about it, from what its customer service desk is like, to how fast it issues payouts. Bonuses should be the last thing that you consider when you’re looking for a trading platform to use.

Bonus Abuse

Bonus abuse is becoming a lot more common. It’s something that causes trading platforms and online casinos to lose tens of millions of dollars a week. However, it is not really something that affects you, the player. If you are going to try out matched trading, which is something that’ll be covered in the next section, then you need to make sure that you do so subtly. Switch money around, withdraw and redeposit it, and use different platforms. You can make a fortune from matched trading if you’re clever.

Matched Trading

So what is matched trading? Matched trading is essentially just trading using bonuses, never your own money. Matched betting, likewise,  involves betting with bonuses and never one’s own money. Matched trading is a fantastic way of making money from nothing. All you have to do is find a trading platform that gives cash bonuses, register with them, and start trading. Then, everything you make will be profitable. Once you have made a little bit of money you can then withdraw it and use it to sign up for a platform that doubles your initial deposit. That way, you can make even more money.

Crypto referral codes can be a good way of making money, as explored here. If they are something you are interested in, then shop around and find the best bonuses there are. Take the actual platforms you are signing up for seriously. Do not sign up for a platform purely for bonuses. The platform you use to trade needs to be reliable, reputable, and responsive.