Crypto has taken the world by storm, and more people are interested in investing in it. Thus, there has been a substantial rise in crypto trading platforms and other crypto-related things. If you are looking to participate in crypto trading, you should know about sign-up rewards. Also, one should know the best trading platforms where you can start trading to make an ideal profit.
Therefore, get an insight about the crypto sign up bonus first!
What is a Crypto signing-up reward?
This type of reward is offered to a customer of a trading platform. Such a bonus is provided only to new customers of a trading platform who opens an account. This reward amount will vary from one exchange platform to another depending on certain factors.
An individual can earn this bonus after they open and verify an account. In addition, one will have to deposit a specific amount in their account before the bonus money is added. Moreover, trading platforms offer such a reward only after a customer has made a trade. Depending on the trading platform, such a bonus is added after fulfilling the criteria.
Advantages of such a bonus
There are numerous advantages when it comes to signing-up rewards that are offered by crypto trading platforms. However, the below-mentioned ones are the primary ones that every individual should know about. These include:
No risk of losing one’s own money
One of the major perks of receiving a signing bonus is that losing one’s money decreases. Some people can spend the reward money to start trading on a crypto exchanging platform. It means that one doesn’t have to use their own deposited money to trade. Simply using the reward amount, one can start trading. Thus, even if a loss occurs in such a situation, they won’t be losing the deposited hard-earned money.
Making profits and withdrawal using sign-up bonus
Another benefit of sign-up bonuses is that people can make ample profit using an available reward amount. Enjoying a massive gain through trades will let you withdraw the profits you earned using a sign-up bonus. Hence, just using a sign-up reward will allow an individual to make a colossal profit that will allow them to withdraw money if needed.
When withdrawing a bonus amount or profit made from it, there are things to keep in mind. A list of criteria is laid out for customers to follow. If those are fulfilled, one can withdraw the bonus amount or gains made from it.
Bybit and Binance
Both these platforms are remarkable for crypto trading. However, before choosing one, you should know about bybit fees vs binance. To understand these two platforms, an individual must know about them in detail. Let’s start with Bybit.
1) Bybit Trading Platform
One of the most popular crypto trading platforms in modern times is Bybit. More people are inclined towards using it due to its overall performance and advantages customers enjoy.
Overall, it has a rating of 4.5 out of 5 from its users and experts in this field. Moreover, it provides 1:100 trading leverage. In addition, it also has market indicators that aid traders in enjoying necessary information without any hassle. What makes people most eager about this platform is its 0% deposit fee.
2) Binance Platform
Binance is one of the biggest names in Crypto exchange platforms. It was launched long back and had been serving its customers extremely well. Binance’s overall rating is 4.7 out of 5 from its users and experts in this field. Similar to Bybit, it also offers 1:100 trading leverage.
Furthermore, users of this platform enjoy a low amount of non-trading and trading fees compared with others. Also, there are 0% withdrawal fees, which make it an appealing option than any other. In addition, through mining pools, stalking, etc., a user can earn lucrative passive income.
However, the only con that a person might state is that these platforms are regulated by tier-2 and lower authorities instead of tier-1. Apart from this, there is no con to using these two platforms for Crypto trading.
Conclusion
Now you are aware of fees and other details about these two crypto trading platforms, along with sign up bonus details and more. So, opt for either of these platforms, get sign-up rewards, and start trading to make ample profit!