Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Crypto Fella on September 11, 2024, 08:17:59 AM
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I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?
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I am also agree with your tropic. Because we know that a good trader almost every time get reward from cryptocurrency market. But sometimes we notice different matter in cryptocurrency market. We also saw that some expert traders will not get reward, because we know that crypto trading is very difficult for general people. So i believe that when we want to earn for reward, we must be experts in cryptocurrency world, So that we should reward for sometimes.
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I think it is good idea to offer rewards on Fintech and crypto platforms. This can help more people start using digital currencies. Earning points or cashbacks for trades and transactions is great idea.
Just think if crypto exchanges gave rewards like:
Lower fees for frequent users
Early access to new tokens
Chances to win prizes
Points that can be used for everyday purchases
So this would make crypto easier to use and understand. Governments might become more supportive of digital currencies. With adding rewards and incentives we can bring traditional finance and crypto closer together. This can lead to new ideas and more people using digital currencies.
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Don't use you use CEXes? They have promotions like that all times going on. Though, I'm personally not fan of spin the wheel kind of stuff but would rather like something concrete as in case of Binance recently with $DOGS listing where they were giving $20 worth $DOGS for free, just for making $DOGS deposit there.
Trading promotions are similarly going on all times as well. For example, just a few weeks ago: Binance futures trading carnival (https://www.binance.com/en-IN/support/announcement/futures-trading-carnival-40-000-000-dogs-and-5-000-000-not-up-for-grabs-33f51399dceb43dc8f81b10c19c12744)
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I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?
Friend! if you are a trader, using the following exchanges like Binance, Bybit, Gate, there are incentives or reward vouchers in cashback for certain coin/tokens volumes that are traded on a single trade or traded within a given period to earn rewards.
Besides, there are other rewards for traders who are also trading regularly on these exchanges. In addition, many of these exchanges organizes trading/deposit competitions where participants are rewarded on different categories of traded volumes plus participating bonuses.
You have to know that rewards earnings through trading on the exchanges may not attract government or make them adopt crypto; remember that government has fiats they control, it is difficult to control crypto platform because they are meant to be decentralized, but government like Centralized system.
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I agree with your words. Rewards should be arranged for the traders. This will encourage the traders. Also, those who are doing well in trading should be rewarded. Then by seeing them, beginners will develop themselves as better traders. Every success should be rewarded. Traders should also be rewarded to increase their motivation. This will increase the speed of work. Reward should be arranged in proportion to success.
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I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions...
While I strongly believe that rewarding traders for their use of platforms can be encouraging more and more crypto adoption from many people, I don't see if this idea can directly encourage more adoption and acceptance from the government. Now, in this case, I think many crypto exchanges are already doing this thing...you just look which one is giving more rewards based on your activities in their apps or sites. Giving rewards is just like giving loyalty points which can be exchanged for services or even some coin one can then exchange for USDT or money. However with all of these things, I don't think we can be creating massive mainstream adoption for crypto...but this can helping traders. Understand that not all people who are in crypto are traders...many are just hodling.
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I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?
We will never see government-level adoption just because of the rewards and coupons that these crypto exchanges are already giving us (but it looks like you did not know about it). We can get rewards on the basis of our trading volume,, and on the basis of it we can also get coupons which can remove our trading fee or other types of fees. We can also participate in different trading contests and win some money.
Why traders are to be rewarded they are not forced or its not that they are not have any given any other option to make living they can do anything they chose crypto so its their headache now.
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I also agree with what you said, with this idea it might attract everyone's attention to use crypto. besides they get profit from their trading results and also get prizes from their trading awards.. it's very good again to reduce transaction costs for people who often make transactions so this can also attract people's attention to trade on the exchange.
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Bittrex use to giveaway rewards when it was the most popular in crypto. They airpdrop popular coins too but I rarely see this one CEX these days. What they have are promotions where there usually condition before you get a reward.
Staking tokens in the exchange I guess gives you reward still.
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How does exchanges giving cashback or coupons has anything to do with the adoption by the government, it's between the service provider or the marketplace and the exchange is going to pay them with their revenue which isn't going to do anything to the government.
The only thing that help with the adoption is let them taxing us which is agains gonna be the burden on us.
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I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades
Most of the exchanges give rewards to traders and they launch different rewarding programs and contents time after time.
I've personally availed many such rewards on Bingx for my trading and those were pretty good. I must say that you'll only get rewards if you do high volume trading.
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There are currently many exchange platforms and they compete with each other to get and retain more users. Actually, this kind of rewards are needed, at least to attract more users. And, isn't this already available in various exchanges? It's just that the form of rewards may be different.
Even the rewards given to its users are usually varied, it may also be in a certain period when we can claim vouchers, or get transaction fee discounts, or can get other rewards coins, and various other rewards programs for users. That's why if we use a platform, usually we will be given information either via email, telegram channel or in the application's news feature, usually there is an announcement, yes, we just have to be diligent in exploring the information.
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I don't understand what is the connection between rewards and trading points and more governments adopting and allowing crypto in many regions as you say? This is completely unrelated.
Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.
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I don't understand what is the connection between rewards and trading points and more governments adopting and allowing crypto in many regions as you say? This is completely unrelated.
Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.
Yeah, it doesn't sound good ;D Rewards are for the people using the app/exchanges, and it won't make them mass-adopted, per se. Of course, some people may try the app/exchange just because they give out X for free, but they should be at least somewhat experienced with crypto, its concepts, and exchanges in general to utilize it.
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Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.
It may lead to adverse results, which is governments banning airdrops and exchange tokens due to fraud, high risks, unauthorized promotion, and false promises to users.
Tokens basically started as a promotion for cryptocurrencies when it was difficult for projects to promote their services via social media, TV channels, or football matches, but the situation has changed now and these services should not get free promotion.
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Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.
It may lead to adverse results, which is governments banning airdrops and exchange tokens due to fraud, high risks, unauthorized promotion, and false promises to users.
Yes, that’s exactly right, we had an article here talking about how the SEC and its chairman Gary Gensler view airdrops as they declared crypto airdrops to be securities, which means they are subject to some very strict regulations.
Also in the news, top Republican lawmakers say they want clear answers on how the SEC views airdrops in the crypto industry.
https://www.theblock.co/post/316945/republicans-urge-sec-to-clarify-how-it-treats-crypto-airdrops-in-letter-to-gensler?modal=newsletter
https://www.onesafe.io/blog/crypto-airdrops-innovation-regulation
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I agree with your words. Rewards should be arranged for the traders. This will encourage the traders. Also, those who are doing well in trading should be rewarded. Then by seeing them, beginners will develop themselves as better traders. Every success should be rewarded. Traders should also be rewarded to increase their motivation. This will increase the speed of work. Reward should be arranged in proportion to success.
The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.
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- You will only be rewarded traders when you are knowledgeable in trading strategies; no traders will earn from trading without extensive or deep knowledge of trading crypto or traditional. Because in all aspects we need knowledge to be honest.
That's why it's important to first study trading in the crypto space before actually jumping into the actual trading exchange we're going to enter. So that we can reward ourselves for the trading activity we will do.
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Don't use you use CEXes? They have promotions like that all times going on. Though, I'm personally not fan of spin the wheel kind of stuff but would rather like something concrete as in case of Binance recently with $DOGS listing where they were giving $20 worth $DOGS for free, just for making $DOGS deposit there.
Trading promotions are similarly going on all times as well. For example, just a few weeks ago: Binance futures trading carnival (https://www.binance.com/en-IN/support/announcement/futures-trading-carnival-40-000-000-dogs-and-5-000-000-not-up-for-grabs-33f51399dceb43dc8f81b10c19c12744)
Not just DOGS... I could remember few weeks ago when I traded on Binance, I was rewarded with 25000 PEPE coins but it was worthless because it wasn't up to a dollar which made me just frown at the reward. However, if rewards are being given to teadera by CEX once in a while for trading in their platform, it might draw more attention to people who loves rewards.
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I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?
Trading have always been and i don't think there is something going to change about this for now, if you're going for trading, then you should know that there are many things whereby you need to have in mind about trade, you are to know that you're trading online at your own risk and no one is liable for any loss compensation on you, we cant expect government to completely show their stand from it because on trading, they also indirectly benefit form doing it.
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The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.
May be the government or an organization where the trader is involved. There are many examples in many countries that they give awards to people who have done well in different sectors such as freelancers. I think it is not bad if traders start like this. Which in turn will encourage more people to trade and ultimately see this sector becoming more promising in the future.
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The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.
May be the government or an organization where the trader is involved. There are many examples in many countries that they give awards to people who have done well in different sectors such as freelancers. I think it is not bad if traders start like this. Which in turn will encourage more people to trade and ultimately see this sector becoming more promising in the future.
If the rewards are good and from a credible source - sure.
Otherwise - it may be a bad signal, on the other hand.
I think it's great for new people out there, as you said.
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If the rewards are good and from a credible source - sure.
Otherwise - it may be a bad signal, on the other hand.
I think it's great for new people out there, as you said.
I will agree with you that if the rewards are good and from a credible source - then we can be sure because there are many cases where people have been scammed out of their funds with the lure of rewards, I certainly don't want people to get such rewards. I have already mentioned in my post that if government or any trader related good organization starts this kind of reward system then it will arouse interest in people's minds about this issue and the more people interest in this matter the faster and bigger scale we will get a decentralized eco system.
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I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?
Talking about the rewards, now Centralize Exchanges are giving rewards and if you think that they are giving you 20 dollars or 100 dollars for creating an account then you are wrong. Because they will give a 100 dollar coupon and also add multiple terms and conditions and you will lose more than 100 dollars by fulfilling them. So there is nothing to be happy about seeing the rewards of these centralized exchangers.
And those centralized exchangers who are new and they give such rewards, stay away from those exchangers because there is a high possibility of them being scammers.