Many cryptocurrency exchanges offer sign-up bonuses to attract potential customers. Depending on the offer, you can get free bitcoin or funds that you can use to buy your favorite altcoin. Terms and conditions vary, from bonus amount to eligibility criteria.
Most exchanges will pay you a few dollars to complete your first trade. However, as with many stock brokerage bonuses, more valuable promotions can allow you to receive up to $500 or more.
Here is the list of sign-up bonuses covered in this article:
Table of ContentsBest Crypto Sign-Up Bonus OffersBinance.USCoinbaseCrypto.comToroGemini KuCoinPhemexPlynkSoFiTastytradeTradeStationFAQsWhat is the Best Crypto Sign-Up Bonus? Best Crypto Sign-up Bonus Offers
The crypto welcome bonus is a great benefit for getting started with a new cryptocurrency exchange. But before jumping on the first offer you see, it’s important to compare other features, such as supported currencies and NFTS, trading and other account fees, to determine whether the exchange will meet your long-term needs.
binance.us
Binance is one of the largest crypto exchanges in the world, and residents of the United States can join through the Binance.US platform. New users will receive a $10 account bonus after trading $100 in the first 30 days.
If you live outside the USA, you may be eligible for up to $100 in trading credits.
Over 150 coins are supported, and Binance’s trading fees are competitive. The exchange lets you earn staking rewards when you hold select tokens in your account. However, pending federal regulations to crack down on crypto exposure could eliminate this income stream.
Get started with Binance
coinbase
Coinbase is one of the most widely used cryptocurrency exchanges in the United States and offers first-trade incentives to new users. US residents (except Hawaii) earn $5 in bitcoin rewards after completing their first trade.
You can also spin a Bonus Wheel to get up to $200 in additional USD or Bitcoin. According to Coinbase, 89% of participants received a reward of $3 to $5, and the remaining 11% received $6 to $200 in bonus crypto.
In addition to one-time signup bonuses, the platform partners with various altcoin projects to offer free crypto rewards after completing short learning sessions and quizzes.
Get started with Coinbase
crypto.com
Depending on your country of residence, Crypto.com has several bonus offers available. You can anticipate receiving your crypto rewards in the platform’s CRO stablecoin.
US residents are eligible for the following opportunities:
Refer-a-Friend: Up to $50 in bonus crypto when an existing Crypto.com user joins via a referral link. Deposit Bonus: 2% bonus paid in CRO for any on-chain crypto deposit. Trading Fee Waiver: 20% to 100% trading fee waiver on payment of fees with CRO. New App Incentive: Don’t pay trading fees for the first 7 days when paying by debit or credit card.
Get started with Crypto.com
eToro
New eToro members will receive $10 after buying $100 in crypto. The platform is available in most states and offers over 60 cryptocurrencies. You can create your own portfolio or subscribe to a ready-made CopyTrader portfolio.
It’s also possible to trade shares commission-free, so you might like the investment flexibility of this service. However, a 1% trading fee applies to all crypto trades. Learn more in our eToro review.
Get started with eToro
Gemini
Gemini is another leading crypto exchange and a popular alternative to Coinbase. It is easy to use, supports over 90 cryptocurrencies, and offers multiple trading platforms. New users will receive $10 in bitcoin after trading $100 in the first 30 days.
KuCoin
KuCoin is offering new users a “Welcome Box” of up to $500 in Tether (USDT). Of course, you won’t know how much you’ll earn until you sign up, but if you’re otherwise comfortable using KuCoin then this offer might be worth exploring.
In addition to the potential $500 reward, new users can earn a welcome reward of up to $10 before trading. There are also other coupons and bonuses available for completing certain activities.
Note that KuCoin is not as beginner-friendly as Coinbase, Gemini, or other stock investing apps that offer crypto trading. That said, it is one of the largest in the world and claims to have 25% of all crypto accounts.
KuCoin has also started accepting US dollar fiat currency deposits and has standard know-your-customer (KYC) protocols making operations legal in the United States. Until recently, the exchange was not licensed in the US and you had to use other methods of funding, but this is no longer the case.
femex
Crypto traders who live outside the United States, parts of Canada (Ontario, Quebec, Alberta), the United Kingdom and some other countries may be eligible for one of the most valuable crypto sign-up bonus offers through Phemex .
This bonus is up to $6,500 plus 2 BTC and 10,000 USDT (Tether) trial fund.
Eyelid
New investors can appreciate Plank’s practical help. The app offers stock and crypto investing and matches up to $100 in initial deposits ($10 minimum bonus).
You can trade the most popular coins like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, but you’ll need to go elsewhere if you want access to altcoins.
Plynk is currently free, but may start charging $2 monthly in the future.
Sophie
SoFi is a comprehensive investment platform that includes banking accounts, loans and crypto.
You can get up to $100 in bonus cash on your first trade through SoFi Crypto, which is part of the SoFi investment platform. Your earning potential depends on the size of your first trade during the first seven days:
$10 Bonus: First trade is between $50-$99.99 $15 Bonus: $100 to $499.99 $50 Bonus: $500 to $4,999.99 $100 Bonus: $5,000 or more
Therefore, you qualify for the crypto sign-up bonus as long as your initial trade is at least $50 and is done within the first week. There are over 40 different cryptocurrency options to choose from.
The platform also provides additional ways to earn bonus cash by opening other investment and money management accounts.
SoFi Active Investing offers a $25 stock sign-up bonus when you deposit at least $10 in a self-managed account. The investment platform lets you trade stocks and ETFs with fractional shares.
Learn more about SoFi Promotions.
keyboard
TastyTrade (formerly TastyWorks) helps high-frequency traders place buy and sell orders for stocks, funds, options, commodities and cryptos.
You may be eligible for a bonus when you deposit at least $5,000 when you open your account:
$100 Bonus: Deposit from $5,000 to $24,999 $500 Bonus: From $25,000 to $99,999 $2,000 Bonus: Deposit at least $100,000
TastyTrade offers 25 crypto coins, including Aave, Bitcoin, Cardano, Polygon, Stellar Lumens, and Solana. Learn more about TastyTrade promotions.
Get started with TastyTrade
tradestation
TradeStation is designed for active traders looking for competitive commissions and quick transactions. You can trade Stocks, ETFs and Cryptos.
You can get up to $150 in bitcoin by entering the promo code TSTVAFYH when opening your account. Next, deposit at least $500 into your trading account or buy at least $500 of crypto. Finally, the brokerage distributes your reward in the form of two $75 bitcoin payments.
If you prefer the stock reward instead, you can receive $150 in cash investment by following the same $500 deposit and trading requirements. Instead, you enter the promotional code TSTVAFYB.
Get started with TradeStation
FAQ Are crypto sign-up bonuses taxable?
Yes, year-end tax documents will report any offers you receive as earned income. It will appear as if you place a sell order or bet the interest earned.
Since most of these offers are for taxable accounts and may not be eligible for self-directed IRAs, it is unlikely to avoid reporting these offers on your tax return.
How do you earn the crypto sign-up bonus?
Most offers usually require you to create a new account and deposit a minimum dollar amount within the introductory period to qualify for the bonus. Typically, you need to deposit at least $100 within the first 30 days. Many platforms offer bonuses in bitcoin instead of fiat or altcoins.
Do You Need to Click on a Referral Link to Receive a Crypto Sign-Up Bonus?
Many platforms only offer new member bonuses when you join through a referral link from a friend or influencer. Before providing your contact details, you may browse the website of the Exchange for active promotions. If one isn’t available, you can search online for referral bonuses, and the review site may receive a commission if you meet the requirements.
What is the Best Crypto Sign-Up Bonus?
The best crypto sign-up bonuses can add extra cash to your pocket, giving you more money to invest. But Is There One Best Crypto Sign-Up Bonus? depends on.
I don’t think one should decide on a crypto platform based solely on the sign-up bonus. After all, this is a one-time offer. After that, you’ll have to stick with the platform you signed up for (or go through the hassle of switching.) If it doesn’t suit your needs, it really wasn’t worth the bonus.
One more thing – I don’t like the lure of big bonuses (hundreds or thousands of dollars) because most investors won’t qualify. With this in mind, TradeStation’s 150% bonus with a $500 deposit is very generous, as is SoFi’s tiered bonus of up to $100. And Crypto.com gives you multiple ways to earn bonuses.