The cryptocurrency industry is famous for its enormous potential returns. Crypto owners are always searching for strategies to make money out of this sector in the most rewarding manner. For this purpose, when choosing crypto cards it is important to pay special attention to several factors, such as rewards, security, withdrawal. Crypto cashback is among these factors in which investors seem highly interested these days. Through this blog, let’s find out about crypto tips to earn cashback for safe, fast, and successful investing.
What is crypto cashback?
Cashback generally refers to an incentive program in which a percentage of the amount spent is paid back to the cardholders. Specifically, when talking about cashback, it means the crypto cards holders get back a percentage of their spending in the form of cryptocurrency.
Cashback percentage varies from platform to platform, and it also depends on which cryptocurrency is offered in crypto cashback.
Tips to earn crypto cashback
Crypto cardholders can earn cashback. But how to earn cashback using these cards? So, let’s head towards the tips, now!
1- Choose a crypto card carefully
The cashback you will receive entirely depends on which crypto card you choose. Therefore, you need to select a crypto card carefully. There are many crypto cards issuing companies in the crypto market. Some platforms offer only a single card, either credit or debit card. At the same time, some platforms offer different categories. For example, BlockFi offers only one VISA credit card, while Crypto.com offers five other crypto debit cards, which vary in all aspects. Decide for yourself which card you will buy.
Moreover, choose the crypto card offered by a legitimate and well-reputed platform only.
2- Check cashback percentage on the transaction
Crypto cards offer 1% to 8% cashback on each transaction. If you are planning to get a crypto card, check the cashback percentage offered by that card on every transaction.
The higher the percentage, the more beneficial it will be.
3- Check the cashback cryptocurrency
Crypto cards offer cashback in different cryptocurrencies. Some card offers back in only one crypto, such as Bitcoin, while other cards offer several different cryptocurrencies with varying percentages for each currency.
Decide the cryptocurrency and check for which crypto card the platform offers the highest cashback percentage in that cryptocurrency.
4- Check the Sign-up bonus
Some crypto cards platforms offer signup bonuses in free crypto to cardholders. You can start your journey of earning cashback with this offer.
5- Refer your friend
Some crypto card issuers offer crypto rewards if your friend joins the platform by your referral. The more friends you will refer, the more bonus you can earn. However, there is always a referral limit. Therefore, use this opportunity as well.
6- Cashback on maximum spendings
Financial companies value their company who owns a large amount of money deposited in their bank. So does crypto cards. If you spend a certain amount of money within a specified period, the platform offers increased cashback and rewards to those users.
If you frequently make transactions, then this aspect of earning cashback will be very beneficial for you.
7-Check the cashback restriction
Not all types of purchases using crypto cards are applicable for cashback, for example, payments for insurance, utilities, etc.
You must learn about it before effectively using your crypto cards to earn more cashback.
Safe, Fast, and Successful investing crypto cashback
Up till now, you have learned the tips of earning cashback in different ways with crypto cards. Now, we will discuss how you can use this cashback in investment to make more out of it.
Crypto cards issuers generally offer cashback in the platform’s currency. For example, Crypto.com gives cashback as CRO. You can keep CRO as it is or can convert it into fiat or cryptocurrency as well. You can also choose to stake CRO with Crypto.com Earn, Cryptto.com Exchange for earning a fantastic interest amount.
You can make the cashback to work; you can earn up to 19% APR if you invest in the CRO in the Crypto.com exchange, crypto.org, etc.
Crypto cards look nice with amazing color, texture, and logo. Many big names in the list of crypto cards issuers, such as Coinbase, BlockFi, Crypto.com, etc., are doing great with excellent features. Crypto rewards and cashback are indeed the nicest things about these cards. But you must know you can earn maximum cashback using a crypto card if you choose wisely while choosing a card and making purchases. You can convert CRO in fiat currency and use this amount to purchase more cryptocurrency from other platforms and then transfer on the main forum.