Do you think these Rewards come for free? They are selling something about you for it or they are trying to attract you to their Platform. As they say, if something is offered for free then you are the Product.
I would not spend my time and sell my information for their little Rewards. If you think about it, there are so many other things you can do that earn you so much more and better than that. And with that money, you can buy Bitcoin. I do not know which examples I can give. Mowing the lawn of your neighbor even. Pet sitting. Or what ever. Anyway. This is a principle of mine. I do not sell myself for a few Bucks.
Topic: Are Exchange App Rewards a Good Opportunity? - page 2. (Read 375 times)
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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?
Shouldn't it be good to mention that exchanger name what you are talking? Because it depends on where you are going to spend your time because some of them are legit and most of them will be your waste of time.Now let me tell you the legits First Binance, Kucoin, Bybit. I have joined some of event on Binance like the Laucnpool pad and mega drops and I have gained some good profit on those, and I have heard some of my local mates that they also gain profit on the Kucoin and Bybit by joining their events.
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.
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.
Degen and altcoin trading are profitable and are very risky, the risks involved is very high but the reward is big if you get the right channel of information in which most people do pay for that.
I would have prefer you invest in Bitcoin if you wants to take rest from degen and trading so that your capital will gain some profits before you decide to resume trading.
Some of these are legit if it is in a reputable exchanges like Binance, KuCoin and others, but bring the link here let’s verify.
I would have prefer you invest in Bitcoin if you wants to take rest from degen and trading so that your capital will gain some profits before you decide to resume trading.
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?
Twitter is a good channel to get information about any new updates on rewards been given out by any exchanges trying to introduce the exchange users to new system or airdrop some newly promoted coins to the users if they perform some special tasks.Some of these are legit if it is in a reputable exchanges like Binance, KuCoin and others, but bring the link here let’s verify.
You just need to be careful with information you see online that requires you to use an exchange which can possibly be the one you normally use for your crypto transactions, however most of the rewards that are being promised can only be gotten after you have undergone too many tasks which some of the tasks are very complex and what most of them does is that from the beginning of the tasks they will bring up the ones that you can easily be able to do but they will keep on requesting for you to do more tasks and sometimes you can just get exhausted of performing a lot of tasks and decides not to go further anymore but their are also exchanges that actually gives those rewards after you must have fulfilled each steps of the tasks being assigned to you so some of them can be good opportunity while others can be a scam due to the complexity to fulfill those tasks in order to get the rewards.
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?
Many fake accounts are impersonating popular exchange platforms, which also bear the blue verification mark and have thousands of fake followers. Also, these captivating captions and tempting rewards that they offered to new users might be a way to mislead and deceive them, prompting them to download a suspicious app that could lead to their devices being hacked or to register on the unknown exchange, only to be pushed into depositing money which then gets frozen and their accounts closed without the ability to withdraw their funds. So, beware of these free rewards and tempting offers on social media, and also, if CEX is not one of the top tiers in the market, ignore everything you see.Even on the famous CEX platforms, their promotional events are not worth it.
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?
The legitimacy of the event depends on the exchange it is being done. There are several events of such that are rewarding its users if they perform some tasks on their platforms, some of them even request some of their users to refer others for more reward, some of them do USDT, while some exchanges do use their platform to advertise new projects that will be listed in that same exchange. Some of the exchanges do use their twitter and telegram handles to share the information to users that are not in their platform so as to use that a means of bringing them to the platform and also give them the reward if they are qualified to be given.
if the exchange is legit, it is okay to take advantage to gain profit even just by signing up an account by downloading the app.
but I am sure no simple exchange makes such an event for their new users. be careful to choosing an exchange, even popular exchange URL addresses can be faked to look similar to the real ones.
you should check the legitimacy of the exchange. if the exchange has just been published, you still have to be careful. some events from exchanges that are looking for new users are usually related to referral bonuses. that is the most common we see.
but I am sure no simple exchange makes such an event for their new users. be careful to choosing an exchange, even popular exchange URL addresses can be faked to look similar to the real ones.
you should check the legitimacy of the exchange. if the exchange has just been published, you still have to be careful. some events from exchanges that are looking for new users are usually related to referral bonuses. that is the most common we see.
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?
You have to check the reputation of the platform before downloading these exchange apps; anything that needs to be downloaded should be checked for the legality and cleanliness of the software; some software that you will download is bundled with unknown software, so check if there are complaints about the platform.The rewards are not that worth it because these platforms are not going to pay you hundreds of dollars; you may end up risking your machines for rewards that are worth pennies.
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?
Check whether the application has to be downloaded externally or not, if it has to be external then stay away from that application, if the download can be done internally on Playstore or Appstore, then you are safe. There is nothing wrong with events like that as long as they are safe for you, whether they are worth it or not depends on your point of view, but for me who is actively trading, it is just a waste of time.
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.
Consider doing something else such as getting part time job or learn new skill.
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?
Without additional detail, we can't be sure. But it's common that new exchange or exchange which recently release an app provide rewards to attract user. Take note that the rewards may be disappointing, especially if the reward is either reduced fee, unknown token/coin or very small amount of fiat.
They could be legitimate but some of them has their criteria which you must fulfill to get qualified such as pass kyc, deposit amount worth x dollars to get qualified to share the amount set for the promotion. Some could be trading competition Maybe if you reached the required trading amount then you get selected for the payout, I could remembered then when I was involved with altcoin trading I received some extra coin for trading upton required amount of their tokens needed.
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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?
Share more information so we can share more of it as well.What's the name of the exchange app? What's the link to these tweets that you've seen on X? Are they asking money to you?
Whatever the case is, downloading an exchange app for getting rewards is an attractive way to get more downloads if you're the owner, but there are some scammers who are taking advantage on it as well. What do I think of such events? I don't browse X more often anymore, but I didn't see anything like that or maybe it just doesn't pop out on my "Wall". Are you wasting your time? It will depend on what you will do.
Sometimes, there are some things where you need to do something on that app in order to get rewarded. In this case, I would assume that in order for you to get rewarded, you need to make X amount of trades on that exchange. Whatever the case is, just beware and share more here so we can give a definitive answer.
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?
You are taking risk.Downloading anything on your device is risky. Installing it on your device is another risky step. Using that application on your device, doing some tasks to claim rewards, will be other risky practice.
If you are ok with risk, go ahead but make sure you know that risk can lead to your device compromise and fund can be stolen.
You did not made mentioned the name of this project neither the exchange you were asked to down. So I personally can not give my remarks or recommendations to that.
Perhaps... There are certain airdrop projects that requires participants to have a particular exchange wallet probably the token has not been listed for other trading exchange yet or alternative they requires a particular network to get participants rewarded in while you swap or exchange it yourself to your desired exchange.
But next, when you are making enquires like this, try to be specific in other to get benefited solutions.
Perhaps... There are certain airdrop projects that requires participants to have a particular exchange wallet probably the token has not been listed for other trading exchange yet or alternative they requires a particular network to get participants rewarded in while you swap or exchange it yourself to your desired exchange.
But next, when you are making enquires like this, try to be specific in other to get benefited solutions.
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?
No name or link to followup with what you are saying and the project in particular, so it will be difficult for anyone to share their genuine thoughts on this discussions, but since you mentioned that user need to download an exchange apps to qualify, that means that the coin belong to the Siad excahge and if that be the case, you should be be ready to get disappointed at anytime if it turns out that the exchange just want you to download and get registered on their platforms, between I hope that the exchange will not request you to make a deposit before you claim those rewards.If at anytime you are asked to pay a particular fees to get the token out from the exchange, you should know by then that you are likely going to get scammed because I can't imagine a cryptocurrency exchange aking users to pay fees or download their apps to participate in coin bounty.
What do you think of such events? Am I wasting my time, or could it be worth something?
it is not uncommon for new projects to require people to download the app in order to be eligible for the rewards they offer but usually, I just avoid things like that, there is just too much risk for me to download apps from unknown or not well-known sources and I also think it is just a waste of time. 
What is the name of the exchange? What is the name and the URL link of the app that the exchange ask you to download? Know that there are many fake exchanges. You need to be very careful with the ones that are promising high reward. They are likely scam.
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?
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