Unlocking Opportunities: The Best Crypto Bonuses and Signals
Cryptocurrency has risen to fame with the help of high-paying bonus offers and promotional programs that promise additional funds to traders. Experts at Traders Union evaluated hundreds of crypto platforms offering rewards to determine the best crypto sign up bonuses in 2024.
Crypto bonuses
Crypto bonuses are promotional tools used by companies to attract new users to trade in their trading floors. They offer a good way to earn passive income at little to no cost to the user. There are currently three main types of crypto bonuses:
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Crypto sign-up bonus - is a premium given to a new user for registering, verifying an account, and depositing into the platform. A number of service providers also require their new users to trade first before becoming eligible to receive a sign-up bonus.
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Crypto referral bonus - is another popular type of crypto bonus where a user generates a reward, usually coming in the form of crypto or cash credits, whenever a new user signs up using their unique registration link.
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Crypto reward program - is a type of reward that requires traders to meet certain conditions and complete a number of tasks before receiving a reward.
It is important to remember that crypto bonuses, especially sign-up bonuses, are not eligible for withdrawal. Crypto platforms give these out to encourage users to trade more. On the other hand, profits made from crypto bonuses are fully eligible for withdrawal.
Top 5 crypto sign up bonuses in 2024
Almost all crypto exchanges offer their own crypto sign up bonuses and here are the ones that stood out according to Traders Union.
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ByBit Referral Bonus - users sign up using a referral link to receive $20. An additional $500 worth of bonuses is given when the user referred to the platform hit certain trading milestones.
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Huobi Global Sign Up Bonus and Referral Program - $170 of sign up bonus + 15% of the referee’s trading fees for the referral program.
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Binance Referral Bonus - new users who signed up using a referral link are eligible to receive up to $100 worth of funds after completing certain tasks. In addition, the referrer receives 40% of the referee’s trading fees as commissions.
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OKX Bitcoin Bonus and Referral Program - users are eligible to receive a $10 Bitcoin bonus after their first $100 trade. In the referral program, both the referee and the referrer receives $15 every time a user signs up with the latter’s link.
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Currency.com Sign Up Bonus and Referral Bonus - new users receive $50 upon opening an account and depositing at least $20 + up to $100 additional fund for the referral bonus.
Other platforms offering profitable sign-up and referral bonuses include eToroX’s Referral Program, BitGet’s Referral Program, CoinEx’s Referral Bonus, Coinbase’s Sign Up Bonus + Referral Bonus and Reward Bonus, and KuCoin’s Referral Bonus.
Crypto signals
Crypto signals are another way to grow one’s portfolio with little input from the trader. These are alerts sent by crypto platforms to their users recommending to enter or exit a certain trade for the purpose of helping the trader to increase profit or cut loss when necessary. Many exchanges give out these recommendations for free while others come with a cost. Their main target market are beginner users who have no solid strategies on their own and are still getting into the ins and outs of the trading floor.
The frequency of sending signals depends on the platform – some send multiple intraday short-term signals which benefits day traders the most while others limit it to one to two signals in every trading week. It is important to remember that success in the past does not guarantee profit in the future. Users are always encouraged to learn and research on their own instead of relying on these alerts.
5 best crypto signal providers in 2024
Here are Traders Union’s Best Crypto Signal Providers in 2024. Read more to know about their unique features.
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RoboForex Crypto Signals - primarily provides signals for Forex but has started giving out alerts for crypto traders as well. The main advantages of using this platform include having access to a reliable and well-regulated broker, detailed stats in each signal provider, and users have the flexibility to combine crypto signals with other assets in one portfolio.
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ByBit Derivatives Copy Trading Signals - caters to both spot and derivatives market. Its main target market are its Followers and Master Traders group, offering access to the traders of a lot of pro traders.
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ZIGDAO or Zignaly Bitcoin Signals - most popular among crypto traders due to its ease of access, unique features, and affordability – ZIGDAO Bitcoin Signals are currently offered for free. They are web-based signal types that support major exchanges namely Binance, BitMEX, and KuCoin.
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100-eyes Crypto Trading Signals - covers over 189 crypto pairs and conveniently sends signals via Telegram. Free crypto signals are available for those who are just starting out but experienced users avail their paywalled signals for a greater degree of accuracy at a low premium price of $100 annually.
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Cryptohopper Signals - established itself as a reliable platform since 2017 and offers both free and paid signals for users. It provides an opportunity to copy crypto signals from 100+ providers.
An article, founded on insights from Traders Union, has been published by TechBullion. This article states that with the growing popularity of cryptocurrencies, numerous platforms, and exchanges are providing signup bonuses to attract new customers, making it challenging to choose the best. Recently, Traders Union experts rated the 14 best Crypto Signup Bonuses. This came alongside the rankings of the Best Crypto Signals in 2024. Together, these pieces of information aim to help crypto traders make better decisions when trading between digital assets.
Conclusion
Traders are encouraged to assess the company’s reputation and look into the history of a signal’s stability before enrolling into any crypto signal. TU analysts also suggest using a demo account first to balance out the risk of using these types of services.
Remember, cryptocurrency is a high-risk market and traders are encouraged to take proper precaution at all times to lower the risk of losing money.
Author
Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.