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Free US$50 Worth of Bitcoin after US$100 Purchase of Crypto @ Okcoin

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Free US$50 Worth of Bitcoin after US$100 Purchase of Crypto @ Okcoin
Go to Deal
LCorza000 on 29/12/2021 - 19:16 okcoin.com (283 clicks)
Last edited 31/12/2021 - 10:33 by 1 other user

OK here goes for my first post- go easy on me! For those interested in the cryptocurrency space this could be of interest to get some free Bitcoin for jumping through a few straight forward hoops. As for OKcoin- it has been around since 2013 and is one of the largest Bitcoin exchanges so it seems like one of the better options. I've used it a bit since I got my signup bonus and have found it to be pretty good. They should call it PrettyGoodCoin imo.

For me the deal was pretty straight forward so hopefully it is for you too.

Here are the steps..

Step 1: Sign-up with the referral link in the deal

Step 2: Deposit US$100 in any supported crypto (if you are concerned with general volatility of crypto then you can purchase a stable coin such as USDT). Remember it has to be at least US dollar value of $100.

Step 3: Authenticate yourself to KYC level 2. This doesn't take long.

Step 4: You will receive your free US$50 Bitcoin

Step 5: Wait 180 Days, The BTC can be traded but not withdrawn until then. (Mod - Edit. Thanks shadowangel).

Once you have received your benefit you can change your initial investment back into Fiat or transfer out or HODL! The rewards require 180 days before being withdrawn.

Referral Links

Referral: random (6)

Referee gets US$10 worth of BTC after minimum US$100 purchase of any cryptocurrency. Referrer gets US$10 worth of BTC.

Financial Cryptocurrency

Related Stores

Okcoin
Okcoin

closed Comments

  • raiseyoursteaks on 29/12/2021 - 19:21
    +3

    All these sats 😍

  • mountaineer on 29/12/2021 - 19:25

    do you have to buy the $100 crypto from them or you can just deposit the $100 from another exchange?
    Edit: you have to buy it so OP you may wish to reword your step 2 description from 'deposit" to "purchase". Ty

    • Corza000 on 29/12/2021 - 19:44

      I think you have to ‘buy’ just going through the terms and conditions

  • zorodluffy on 29/12/2021 - 19:25

    Who is the refferer?

    • Corza000 on 29/12/2021 - 20:04

      The referral link is just that ozbargain one at the bottom of the deal

      • zorodluffy on 29/12/2021 - 20:08
        -1

        so ozbargain will receive the $50?

        • Riczter on 29/12/2021 - 20:11
          +1

          no it randomises every ozbargainer that has entered their referral code so one lucky ozbargainer gets the $50 at random each time someone clicks the link. Add your link to be in the running by clicking the edit button in the referral links box below the deal info.

  • May4th on 29/12/2021 - 19:29

    what's the fees and spread?

    one of the largest Bitcoin exchanges

    can you back that up, is it an australian exchange with local oversight? never heard of them

    • sini180 on 29/12/2021 - 19:40

      27th on CMC list. Never heard of them either.

    • goobar on 29/12/2021 - 19:40

      Ranked 28th largest by trading vol according to coin market cap

    • Corza000 on 29/12/2021 - 19:59

      I’d have to do some deep diving into this but it’s presented as that on their about us and on investopedia. I’m no connoisseur of exchanges though.

    • jjcf on 29/12/2021 - 20:16

      Don’t see any fees listed. Specifically says no fees for withdrawing via Lightning, nothing about Avax or Eth tho.

  • toobzy on 29/12/2021 - 19:46

    What coins can you buy?

    • Corza000 on 29/12/2021 - 19:53

      Don’t have the exact number but it’s got heaps. I haven’t had any issues finding any well enough known coins.

  • shaibankek2 on 29/12/2021 - 19:48

    Keep getting face not recognised on the KYC step 2

    • Corza000 on 29/12/2021 - 19:53

      Yeah this was easy for me but it took my wife 5 goes. I think it was the lighting

    • lazyfun on 30/12/2021 - 20:05

      Me too. Had better luck using the mobile app.

  • Riczter on 29/12/2021 - 20:09
    +6

    Rewards become available for withdraw after 180 days

    • JMxoxo on 29/12/2021 - 20:14

      Just read that too haha oh well, bored

    • Riczter on 29/12/2021 - 20:20
      +2

      also: Depositing crypto for the purpose of converting it to fiat to then buy crypto will disqualify you from this promotion, at our sole discretion.

    • sertse on 29/12/2021 - 20:54
      +1

      Wait what half a year before you can withdraw the bonus? No deal at all

    • logisync on 29/12/2021 - 21:30

      something that should be added to OP for sure!

    • Corza000 on 29/12/2021 - 22:14

      Added this to the description, thanks. Didn’t know this one as I’ve bought, sold and held and haven’t been picked up on it- must have to have at least that balance in your account for 180 days.

  • devilbabies on 29/12/2021 - 20:16
    +1

    Thanks OP.

    Has anyone found info on withdrawal fees? Either as crypto or as fiat. I can't find any info on whether they'll do a fiat withdrawal to an Aussie bank account.

    It looks like buying crypto will eat up $5-$6 of the free $50. Just wondering how easy it's going to be and how much it will cost to get everything out of there once I have the free $50.

    • shadowangel on 29/12/2021 - 21:25

      I signed up awhile ago, no deposit needed for the $100USD. Now you need to make a deposit and you can't transfer for 180days.

      • sharky_k on 29/12/2021 - 22:17

        "no deposit needed… Now you need to make a deposit…" What?

        • Corza000 on 29/12/2021 - 23:23

          I just went into my account. The withdrawal fees are dependent on the method. It says it’s free for wire but 3.99% for visa and Mastercard. There’s a few other options too. I’ve only ever withdrawn on chain so it’s been next to nothing.

          As for buying- I just went in and put in $50 of Bitcoin and the fee was $2. I changed it to $100 and it said no fees. I think the fees are pretty minimal/none. Especially compared to my Coinspot account.

          Also to the above I think what they are saying is that you need to transfer/deposit $100 in to buy the crypto. With the fee free purchase, in most cases, it just means another step but an easy one.

          Hope that helps. Happy to go into my account and suss out any other info.

          • devilbabies on 30/12/2021 - 16:11
            +4

            @Corza000: Thanks, I've checked the fees and it looks like its pretty cheap to transfer out. It looks like total fees/spread to buy and then sell everything back to fiat will be around $8.50, so this is $41.50 (~$57 australia) free money, assuming bitcoin is the same price in 6 months.

            I used my ING visa debit with the "Buy Crypto" button and it worked no problem. (86400 didn't work for me)

            Here's my calculations, buying $US110 of BTC using an ING visa debit card and then transferring the BTC to Coinspot to withdraw to an Australian bank account:

            I bought 0.0023161 BTC for $158.63 using ING visa debit.
            I should receive ~0.00105514 free BTC (in ~5 days)
            ..wait 180 days..
            Network fee to withdrawal BTC to coinspot is currently 0.00002
            Coinspot will currently give me $215.38 for 0.00335124 BTC (0.0023161+0.00105514-0.00002)
            profit = $56.75 (assuming bitcoin is the same price in 6 months)

            • b00tyman on 08/01/2022 - 10:30

              @devilbabies: @ devilbabies
              how did you use your ING visa debit to do the deposit?
              is the "buy crypto" option in OKcoin portal or in ING app? as i couldnt find it in ING app so guessing its in OKcoin
              And were there any fees with your deposit?

              Thanks :)

  • Riczter on 29/12/2021 - 20:26

    couldnt get it to work with my bank card or credit card and apparently transferring crypto to sell to USD and then buy is not allowed… so im giving up. If anyone else has success let us know your method. Sounds like it might be easier for US users.

    • Lucille Bluth on 29/12/2021 - 21:21
      +4

      You might be interested in Ledn $50 in USDC after 15 days after depositing at least 75 USDC or 0.0015 BTC into the account within 30 days of verifying identity.

      If you like them, you can earn interest on your BTC and USDC. I am a long-term customer earning BTC on my holdings and happy with them.

    • shadowangel on 29/12/2021 - 21:26

      Use Visa, 86400 is one of the better banks for crypto.

    • Corza000 on 29/12/2021 - 23:35
      +3

      Not sure if this will help:

      1. Login on computer
      2. Go to assets
      3. Go to deposit
      4. Select USD currency
      5. Go to add account
      6. Select the bottom credit/debit card option (not second from bottom)
      7. Put in address and continue
      8. Put in card details
      9. Complete form with amount and complete
      • ONE THING I NOTICED THAT MAY TRIP A FEW PEOPLE UP IS THAT IN ORDER TO BUY CRYPTO YOU NEED TO TRANSFER FROM YOUR FUNDING ACCOUNT TO YOUR TRADING ACCOUNT

      Apologies for the capitals- someone else might need that one too

      • bobwokeup on 30/12/2021 - 00:55

        So you have to fund the account first and then purchase? Could I use my Revolut card to purchase crypto straight up?

      • Korban Dallas on 30/12/2021 - 01:15

        Can you just transfer? In crypto?

        • bobwokeup on 30/12/2021 - 11:07

          I read a comment saying you can’t do that 🤷🏽‍♂️

          • Corza000 on 30/12/2021 - 15:17
            +1

            @bobwokeup: Yeah just reading the terms and conditions it says you must ‘buy’ crypto. Haven’t tried it myself so not sure if it will work.

  • Korban Dallas on 30/12/2021 - 07:56

    Anyone tried using a crypto.com card to make the deposit. Can offset most of the fees 😊

    • bobwokeup on 30/12/2021 - 23:06

      I tried to add my card just now and it didn’t work so I guess crypto cards aren’t allowed 😢

      • ilovefullprice on 30/12/2021 - 23:34
        +2

        It’s more from Crypto.com side of things where they don’t allow their Visa card to be used to purchase crypto or for gambling.

        • bobwokeup on 31/12/2021 - 00:49

          Cheers I thought it might be that but wasn’t sure.

  • bobwokeup on 30/12/2021 - 11:09

    Has anyone been able to login to the iOS app?

    I tried yesterday then again today and it says “Network error. Please try again later.”

    • Corza000 on 30/12/2021 - 13:45
      +1

      No issues for me.

  • Korban Dallas on 30/12/2021 - 16:10

    Bought USD with my Wise card.

    Easy as. Got me some ETH

    How long does it take to get BTC?

    • Corza000 on 30/12/2021 - 16:27
      +2

      They get distributed daily at 4am I believe

    • devilbabies on 30/12/2021 - 17:03
      +3

      Processing times usually average 5 days.
      Once processed, rewards will be distributed daily at 4am PT.

  • lazyfun on 30/12/2021 - 20:52

    I think I messed this up. Deposited $US with debit card, bought $101 of eth, it showed up as like $99.50 so did same thing again with $25. One transaction ended up in funding account, the other in spot account. Transferred all into spot account. I don't feel good about this…

    • Corza000 on 30/12/2021 - 21:28
      +1

      Don’t stress. You can always pull the money out if it becomes too much.

      If you want to finish what you started you can transfer to and from accounts pretty easily and shouldn’t be charged for that. What you want is to put it in the ‘trading account’. When it’s in there you are able to buy crypto of your choice.

      • lazyfun on 30/12/2021 - 21:53

        Thanks, I'm a stress-head by nature. It's just a bummer if I missed out on the $50 referral bonus.

        • Corza000 on 30/12/2021 - 22:00
          +1

          Ha all good- I am too. I doubt you have missed out on the offer. You can buy the $100 of crypto at any point. Buying a stable coin is always a less stressful option too and then you can always just sell it and transfer it back to your account the next day.

    • bobwokeup on 13/01/2022 - 02:19

      How did you deposit USD with a debit card? I tried Up but as Okcoin is in Hong Kong they can’t send USD there. Tried Wise and they charge a small fortune plus the other bank fee is up to $50 USD but couldn’t tell me the exact cost.

      Who did you use and how much did it cost?

      • tajid on 20/01/2022 - 21:43

        Used Revolut

        • bobwokeup on 20/01/2022 - 23:10

          Oh damn yeah of course, so just convert AUD to USD and then deposit?

  • wutang01 on 31/12/2021 - 00:02

    Odd. Could've sworn I used a referral code.

    I got an automated email detailing: "For the rest of the calendar month, you’ll get $20 in bitcoin when you buy $100 or more in crypto with us."
    T&C's says locked for 120 days: https://support.okcoin.com/hc/en-us/articles/4415148286221-O…

    I'll still do it, but I was expecting "free US$50 Bitcoin (locked up 180 days)"

    • Korban Dallas on 31/12/2021 - 00:07
      +2

      Same I think this is an additional promo

      • devilbabies on 31/12/2021 - 09:55
        +1

        Looks like you can't get the free $20 if you've already signed up using a referral for the free $50. Does anyone know for sure?

        "This promotion is not valid in conjunction with any other promotion including but not limited to our Referral program. Meaning that you cannot participate in multiple promotions."

        • wutang01 on 31/12/2021 - 10:13

          Oh good pick up! I didn't notice that line.
          Well hopefully I'm credited the $50 in BTC anyway (hasn't happened yet, but noticed your other post re: "average 5 days, distributed daily at 4am PT"

        • Korban Dallas on 31/12/2021 - 11:06
          +3

          I have asked the question to support.

          I'll find out.

        • Korban Dallas on 01/01/2022 - 18:29
          +2

          We are sorry for the confusion, pertaining to your referral rewards query, you are eligible for the 50$ rewards after the completion of KYC 2 and 100$ purchase on our platform.

          Kindly be informed, this promotion is not valid in conjunction with any other promotions, discounts, or promo codes unless otherwise stated.

          You could choose between both promotions, however, because you qualified for Referral Program as you have registered using a referral code, only one reward will be credited to your account.

          I hope it clarifies. Should you have any questions or concerns, feel free to reach out to us again.

  • ilovefullprice on 01/01/2022 - 19:51

    Does anyone knows if the US$100 purchase of crypto would be stuck in the platform for 180 days too?

    • Corza000 on 01/01/2022 - 23:27
      +1

      No it’s not. Just the rewards are. I bought a stablecoin and then withdrew it after I received the reward.

  • bobwokeup on 02/01/2022 - 19:04

    Has anyone been able to deposit USD successfully?

    I started the process but couldn’t copy all the details to paste it on my Up or Revolut account.

  • c0dingmachine on 06/01/2022 - 23:22
    +5

    Got my BTC credited today, deposited on 30/12. Worth $45 after todays dip, but it's free money :)

  • wutang01 on 06/01/2022 - 23:48
    +3

    Just noticed my Referral Bonus was deposited into my Funding Account:

    Referral - Was Referred BTC
    2022-01-06 22:00:12

  • shaibankek2 on 07/01/2022 - 12:17
    +2

    Got mine today as well. Glad it went in during the dip.

  • Freshie on 02/02/2022 - 05:56

    Changed to 10$ :(

  • ilovefullprice on 02/02/2022 - 15:22

    Is this deal over? Referral links seems to be giving $10 BTC now.

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