I decided to take a break from degen and alt trading, but I still don’t want to pass the days without anything at hand. Recently, I’ve been seeing events on Twitter with captivating captions, but I doubt their legitimacy. While double-checking some, I saw one that includes downloading an exchange app to qualify for rewards, but I’m a little skeptical about going for it. What do you think of such events? Am I wasting my time, or could it be worth something?
While most of them are fake and clickbait and a way to get more traffic to their site and app, some are genuine but I doubt they give out that money for signing up alone.
Some exchanges have referral bonuses, deposit bonuses and sign-up bonuses, but all these are not withdrawable most of the time. They are used as coupons kind off. You can use them to pay network/gas fees. Bybit gives $20 or thereabout after verification in USTD but you can only use it from network or transfer fees.
I remember a friend of mine got about $50 in BTC few years back, he only got interested when that amount grew to $90 only for him to find out that its not withdrawable. So you have to be careful with wat you do when it comes to exchanges and be more sceptical of the ones that promise very large sums in bonus. I don't think any exchange will give you a sign up bonus of $200.