- Binance, KuCoin, Gemini, OKX, and Bybit run major giveaway campaigns with rewards surpassing $500,000 for users.
- The Red Packet Giveaway by Binance encourages users to refer friends to earn USDT rewards, while KuCoin focuses on first-time KuCard users.
- Gemini, OKX, and Bybit offer a variety of rewards, from crypto cashback to mystery boxes, boosting user engagement and participation.
Some of the world’s largest cryptocurrency exchanges have implemented giveaway offers that yield immense profits. To attract new and existing users, Binance, KuCoin, Gemini, OKX, and Bybit offer incentives such as referral bonuses, trading rewards, and mystery boxes. Here is an in-depth analysis of the giveaways announced by five major exchanges.
Binance: Leading with Red Packet Giveaways
Binance continues to attract users by utilizing all kinds of promotional giveaways. Its Red Packet Giveaway allows users to randomly refer their friends to earn up to $3 USDT per packet. The more new friends referred, the more packets the referrer opens, while the top 10 referrers will win $50 USDT each. These promotions add up, given that Binance offers a wide suite of cryptocurrencies, low trading fees, and very reliable deposit/withdrawal methods that work.
KuCoin: 20,000 USDT Giveaway for KuCard Users
KuCoin has provided over 700 cryptocurrencies, and to encourage its use, it has been offering great incentives through KuCard promotion. From June 25, 2024, to July 19, 2024, the first 2000 customers who have completed transactions of not less than 200 EUR received equal proportions of the 20,000 USDT bonus pool. It is a plan and part of the KuCoin incentives to attract new members, as the old members on the platform also have an opportunity to earn incentives through trading or staking. Nonetheless, KuCoin still boasts many users, both novices and professional traders, because it offers almost all types of trading.
Gemini: Crypto Rewards Through Everyday Spending
Gemini stands out from other exchanges because of the crypto rewards offered. The Gemini Credit Card allows users to earn Bitcoin, Ethereum, and more than 40 other cryptocurrencies on all purchases. The platform offers 4% cash back on all gas and electric vehicle (EV) charging, 3% back on dining, 2% back on groceries, and 1% back on everything else. Foreign transaction costs and exchange fees are avoided in Gemini, and customers receive their crypto rewards on the spot, which could be a plus for heavy users and large investors.
OKX: Mystery Boxes with Referral Bonuses
OKX, a reputable trading hub for tokens, NFTs, and DeFi products, rewards participants with cryptokitties worth a maximum of 50 USDT. The users can invite friends and get a mystery box when the referred friend signs up on the platform, then get another mystery box when that friend sends or purchases cryptos reaching 50USDT worth. These mystery boxes consist of different cryptocurrencies, which will include Bitcoin, Ethereum and Polkadot, among others
Bybit: Crypto Cup and Mystery Box Giveaways
Bybit has established itself as one of the best Crypto exchange platforms by offering numerous giveaways. At present, Bybit users can join the Crypto Cup 2024, which has a prize pool of 500 000 USDT. Besides the Crypto Cup, new Bybit users can get up to 2050 USDT in bonuses and mystery boxes by registering and trading. The exchange, which offers more than 1,200 cryptocurrencies and features such as trading bots and copy trading, uses these incentives to lure active traders to its platform.
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