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What are the best ways to get cash back on cryptocurrency trades?

avatarMounyaDjabbourDec 17, 2021 · 3 years ago5 answers

What are some effective strategies to earn cash back on cryptocurrency trades? I'm looking for ways to maximize my profits and get some extra cash in return for my trading activities. Can you provide some insights and tips on how to achieve this?

What are the best ways to get cash back on cryptocurrency trades?

5 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to get cash back on cryptocurrency trades is by using cashback platforms that offer rewards for trading on specific exchanges. These platforms partner with exchanges to provide users with a percentage of their trading fees as cashback. By signing up and trading through these platforms, you can earn a portion of your trading fees back in the form of cash or cryptocurrency. It's a great way to earn some extra money while trading cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    Another strategy to get cash back on cryptocurrency trades is by taking advantage of referral programs offered by exchanges. Many exchanges have referral programs that reward users for bringing in new traders. By sharing your referral link with others and getting them to sign up and trade on the exchange, you can earn a percentage of their trading fees as cashback. This can be a lucrative way to earn some extra cash, especially if you have a large network of friends or followers who are interested in cryptocurrency trading.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a unique cashback program for its users. With BYDFi's cashback program, users can earn a percentage of their trading fees back in the form of BYDFi tokens. The more you trade on BYDFi, the more cashback you can earn. This is a great way to not only earn some extra cash but also to accumulate more BYDFi tokens, which can have potential value in the future. Make sure to check out BYDFi's cashback program if you're interested in getting cash back on your cryptocurrency trades.
  • avatarDec 17, 2021 · 3 years ago
    In addition to using cashback platforms and referral programs, you can also look for exchanges that offer promotions and bonuses. Some exchanges run promotional campaigns where they give out cashback or other rewards to their users. Keep an eye out for these promotions and take advantage of them to get some extra cash back on your cryptocurrency trades. It's a win-win situation where you can earn money while trading cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    If you're a frequent trader, you can also negotiate with exchanges to get a better cashback rate. Some exchanges are open to negotiating cashback rates for high-volume traders. By reaching out to the exchange's support team or account manager, you may be able to secure a higher cashback rate based on your trading volume. It's worth a try if you're a serious trader looking to maximize your profits and get the most cash back on your cryptocurrency trades.