3/25/2022 Update: $50 referral bonus is available again. $20 HODL promotion expired a while ago. $50 for $100 is an amazing promo, especially considering regular bonus is $20.
OkCoin is a cryptocurrency exchange founded in 2013 with its headquarter in San Francisco. Their 24 hour volume as of posting of this post is 14.1 million dollar (see coinmarketcap). Currently they are offering two excellent promotions whose payout is $70 in Bitcoin (BTC):
- $50 referral promotion
- $20 HODL promotion
Optimizing $50 Referral Promotion
To get $50, you should join through a referral link and trade $100+ worth of cryptocurrency. You could trade your favorite cryptocurrency but as a general rule of thumb, whenever possible, I prefer to trade stablecoins to trigger these bonuses. I go over something similar in $50 reward in BTC from Celsius. The stablecoin of my choice is USDC which has links to the publicly traded crypto exchange Coinbase.
Use the link below to open an Okcoin account, and receive $50 worth of BTC when you buy $100 crypto or more.
https://www.okcoin.com/join?channelId=600083983
You can link your bank account through Plaid. You do NOT want to directly use your bank account to purchase crypto on OkCoin as doing so will incur $0.99 “instant transfer ACH” fee. Instead, what I did was funded the account with my bank account, then used that fund (called “spot account”) to make a purchase. You can see this difference in the screenshot below.
Terms and Conditions:
- Your referral must complete the below steps within 30 days from opening the link and completing sign up:
- Be a new user to any of the Okcoin entities
- Register and pass identity verification level 2
- Buy $100 USD or more worth of crypto. (Purchases may be made using a supported local currency, such as: US Dollar, Euro, Brazilian Real, and Singapore Dollar).
- “Buy” means the use of funds originally deposited as fiat from an earlier deposit transaction or concurrently via the “Buy Crypto” widget. Fiat funds that were originally deposited as crypto and then converted into fiat within the Okcoin platform do not qualify.
See full T&C here.
Optimizing $20 HODL Bonus
- Make purchase using “buy crypto” feature.
- HODL until 11/1/21
- Receive $20 in BTC by 11/17/21
See T&C here.
If you’re very keen on optimizing this deal, then buy $20 in BTC. Obviously, BTC can go up or down but regardless you will get more dollar than you put in. Even if BTC goes to $1, you will get $20 in BTC by 11/17/21.
On a related note, I should mention that they also offer “earn” feature with up to 12% APY, so if you want to optimize the whole thing further, check that out.
Closing Remarks
We are seeing a lot of fantastic and all time high signup bonuses regarding crypto. I previously wrote an article on $50 signup bonus from Celsius and I will continue to add more as they show up. I am not the fastest at putting stuff out there (I don’t blog full or even part-time) but I try to make up for it through the details.
As always thank you for supporting the blog and I welcome you to hang out in our crypto/stock channel. No, I am not going to make a sales pitch to you there. We don’t do that here.
