This was posted 1 year 1 month 28 days ago, and might be an out-dated deal.

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Earn A$5 Worth of Bitcoin (BTC) for Completing an Earn & Learn Course @ Swyftx

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Just received an email from Swyftx that they have launched their Learn & Earn platform.

Currently only 1 course available: Fundamental analysis in crypto trading which gives you $5 in BTC once completed.

You’ll have to score 80% or higher on the final quiz to unlock the reward, can be repeated every 24 hours.

There are four "lessons" you need to complete, and the website seems to track how long you've spend on each page to determine if you have read it. I had four tabs with all four lessons opened, and it only took a few minutes for the page let me proceed to the quiz.

Question Answer
1 True
2 False
3 True
4 False
5 True
6 Both A and B
7 The traffic on the network
8 It indicates the team's capacity to achieve the project's objectives
9 Personal opinions on Reddit
10 What Elon musk ate for breakfast

Referral Links

Referral: random (300)

Referee and referrer each get A$10 worth of Bitcoin credited to your Swyftx accounts after referee makes a trade within 30 days of signing up.

Related Stores

swyftx Crypto Exchange
swyftx Crypto Exchange

closed Comments

  • +1

    See you need to create an account. Can someone confirm if they require a tonne of personal data?

    Someone post answers :P

    • Requires a phone number. Fail.

    • Not sure if I am comfortable in giving all required information being asked for personal verification for $5.

  • +13

    Earn A$5 Worth of Bitcoin (BTC) from Swyftx Earn & Learn

    Earn A$17.08 Worth of Cash from Maccas McDonald's crew member.

    • +1

      What

      • +2

        plus Super…

      • +1

        u wot m8?

  • Cheers OP

  • +14

    $5.00 worth. Damn inflation, by the time I finished the quiz I only got it's present value of $3.35.

    • +2

      $2.50 isn't bad for a few minutes work.

      • +4

        I'm actually really happy with the $1.83 I received

      • -4

        If it’s 5 mins work, $2.50 is $30/hr. Which is terrible to be honest.

        Once you account for the time/costs to convert it out of BTC, you’ve probably earned significantly less than minimum wage.

        • +3

          What if I did it while I was on the sh!tter.

          • @Slo20: Big bizniz

          • @Slo20: That's even worse, you're wasting high value onlyfans footage on pointless bitcoinery.

    • Not sure what inflation has to do with crypto crashing like a lead balloon

  • only $10 sign up bonus?

  • Why isn't the bitcoin amount stated, rather than "…AUD5 worth…"?

    • +5

      Because bitcoin isn’t a real currency? 🤷🏻‍♀️

    • +4

      'Receive 0.000125 bitcoins' just doesn't sound as appealing.

      Anyway, everyone (including cryptobros) still price everything in national currencies. Funny about that.

      • And 0.000123949372828093 BTC doesn’t roll off the tongue easy, which is what I got.

  • +3

    Is it possible to short bitcoin by five years ahead of time? Like borrow a million dollars now, buy 25 bitcoins with the million with the promise to give the 25 bitcoins back in five years time, then sell the bitcoins for a million, then five years from now buy 25 bitcoins for 70 cents to pay back the initial debt? Or is no one that stupid to loan bitcoins out for that long at this point. Or is that not how shorting works, borrow a million, spend it, get it back, then pay back the million… don't end up ahead?

    • +4

      Yeh, except you’ll be buying them back for $3 million instead of 70 cents.

    • +10

      This comment is a buy signal.

    • Exchanges suddenly get shutdown, get 'hacked', or get their funds stolen so often that no one in their right mind will make a five year bet with you.

      Anyway, good luck finding anyone to lend you a million dollars to buy crypto. You'll have to put up a million dollars of collateral to get the loan. And no, 25 bitcoins are not it.

      • you dont need to make a bet with anyone directly

        literally use a DEX to take out a loan with USDT collateral and swap it for bitcoin

        sell it next bull cycle, pay off the loan and pocket the difference

        achieves the same thing

        or go to deribit or any DEX that handles options and sell puts

        The smart money do this all the time in reverse. During bull runs they stake their shitcoins and take out massive loans. If coins go up, they repay and dump the coin
        if coin go down. they repay if in the money or let it liquidate like a stop loss while keeping the borrowed usd

        when the curve.fi founder got hacked, he almost got liquidated on his loan against his CRV. If he had gotten liquidated, it wouldnt have been a big deal since he would be holding millions of dollars in USDT backed by his worthless CRV governance token

        newbies each cycle only know how to trade crypto like a stock (even though its a currency) or buy into "projects" hoping for the next 1000x

        the smart whales make money in so many other different ways even in a bear market. Thats why this market will never truly die. theres endless ways to milk gains being thought of

    • I think I can find you a market maker that will happily offer you a put option at $0 strike, find me in the DM :-)

    • +1

      Lmao if you think BTC will be worthless in 5 years you haven't been following financial institutions

    • smartasses each bear market cycle are the same who only buy when markets are up and everyone else is taking profit

  • +2

    Current fee over $1 USD to transfer bitcoin

  • +1

    It was an easy $5. Thank you OP.
    Let us know when there are more to do.

  • ez $5 thanks op

  • whats the point if you cant buy monero from there?
    if you want gains go to the stock market (shorting works well since stocks naturally dilute when money is raised) or inherit a house.
    all other crypto is a chain, not bolt cutters.
    linux for wife.

  • Thanks OP, easy as.

  • +1

    1 BitCoint = $A40,206, so $A5 is … my calculator can not work out how many bitcoin 🤣

    • 0.000124322620013507 BTC

  • Need to pay tax on this?

  • thanks for the free santoshis

    • +1

      Ahh yes, the great santoshi, creator of bitcorn and giver of gains

  • $5 today maybe $5 mil in one hundred years, who knows.
    The power of PASSIVE INCOME

  • +1

    I would highly suggest transferring it off Swyftx if you intend to hold it, as the good saying goes 'Not your keys, not your crypto' so if the exchange suffers the same fate as other cryptocurrency exchanges then you will immediately lose everything with no hope of getting it back.

    Transfer it to Trust Wallet, wait 10+ years and it will probably be worth $20+, transfer back to an exchange, exchange to AUD and cash out. Done.

  • -6

    Its not right to give the answers. Youre undermining their safety program to avoid ignorant investors losing their homes etc.

    • +3

      Yeah I hope I don't lose my house over this free $5.

    • This isnt /r/WallStreetBets
      We are all savvy & intelligent investors on Ozbargain not apes

    • You do realise it’s not mandatory to do the course prior to trading? People could still be dropping their life savings into trading crypto with no experience.

      • Some of the exchanges block you from riskier things like leveraged trading if you cant answer the questions.

        • I’m aware of level 2 trading accounts but that’s not what these learning quizzes are doing.

  • Crypto is not real.

  • +6

    Not long ago a merchant found many monkeys living near a certain village. One day he came into the village stating that he wanted to buy these monkeys.
    He announced that he would buy the monkeys for $100 each. The villagers thought that this man must be crazy - How can somebody buy stray monkeys at $100 each? Still people caught some monkeys and sold them to the Merchant for $100 each.

    This news spread like wildfire and more people caught monkeys and sold them to the Merchant.

    After a few days, the Merchant announced that he would now buy monkeys for $200 each. The laziest villagers now ran around to catch the remaining monkeys! They sold the remaining monkeys at $200 each.

    The Merchant then announced that he would buy monkeys for $500 each! The villagers start to lose sleep! They caught six or seven monkeys, which was all that were left and got $500 each.

    The villagers were awaiting anxiously for the next announcement.

    Then the Merchant proclaimed that he is going on holiday for a week, but when he returned would buy monkeys at $1000 each! He also said that in his absence his Employee would be in charge to take care of the monkeys he had purchased. The Merchant went on holiday. The villagers were frantic and very sad as there were no more monkeys left for them to sell at $1000 each as promised by the Merchant.

    But then the Merchant's Employee publicised that he would secretly sell some monkeys at $700 each. The news spread like wildfire as the Merchant had promised that upon his return monkeys would be purchased for $1000 each, a $300 profit for each monkey.

    The next day the villagers queued up near the monkey cage. The Employee sold all the monkeys at $700 each. The rich villagers bought monkeys in large lots, and the poor borrowed money from money lenders and bought the rest of the monkeys. The villagers took care of their monkeys and waited for the Merchant to return.

    When the Merchant didn't return they searched to for the Employee, but he could not be found either.

    Eventually the Villagers realized that they have been duped into buying the useless stray monkeys at $700 each and were now unable to sell them for any amount.

    This Monkey Business is now known as cryptocurrency.

    • +1

      Did you write that or is it copypasta? Its quite good.

      • +2

        Copy/pasta from an old email I received - which I should have edited for proper grammar before posting.

      • +2

        copypasta but still nice to reread once in a while

    • So the villagers and merchant were trading in dollars? I wonder if they ever questioned where those dollars come from? How many total dollars are there? Who makes them? How easy are these dollars to make?

  • +1

    If you're missing your 5 bucks, just ensure that you have verified your account 😊
    https://support.swyftx.com/hc/en-au/articles/22438662348953-…

  • Thank you OP for my 0.00012392 bitcoin

  • I thought they went bust. Can't imagine anybody using this CEX.

    • Not yet, although they did let 40% of their workers go in December which isn't a great sign especially for a small Australian crypto exchange, can't imagine they would be seeing a lot of inward cash flow during a 'Bear market'

      That's primarily why I said earlier to get the BTC off Swyftx. For all we know this could be a last ditch attempt to bring in some money before going bust therefore taking everything with little or no recourse (although that's a big assumption)

      • Hi Empharand, like many tech companies and those in the fintech sector, we did have to make a hard decision for our organisation whilst in a bear market to ensure we were in the best position to continue to provide the best service for crypto trading across Australia. Please feel free to reach out to our live chat for more information.

      • which are the 3 most liquid aussie crypto exchanges?

    • I don't think Swyftx have had any issues. Are you thinking of the other Aussie CEX Digital Surge? They collapsed and were resurrected.

  • -1

    what they still trying to suck ppl in?

    whatever this is good for Bitcoin

    Bullish longterm after everybody gets liquidated

    https://cryptobriefing.com/remembering-3ac-su-zhu-legendary-…

    The Zhupercycle is inevitable

  • Woohoo $5, thanks OP, hopefully more courses will appear later on.

    Don't forget to sign up with a referral for a bonus $10!

  • It wont let me take the quiz, even after viewing every page. Is there an amount of time you have to spend on each page? I get this message when trying to take the quiz: "In order to attempt this Learn and Earn quiz, you must view all course material. Once all the course articles have been read, the quiz questions will become available. Click here to view what is still outstanding in this course."

    • Yes need to leave the page open for a couple of minutes, very annoying for us but I guess smart on their part

  • Where do you see the reward? Must be blind.

  • +6

    There is a new learning course for $2 ETH. Very easy course on dollar cost averaging.

  • +1

    If you want a little extra then use the registration link from Finder which gives $20 worth BTC
    Ref link : https://www.finder.com.au/free-bitcoin

  • +6

    Another quiz went up for $5 worth of Astar.
    You can sell it into cash or BTC immediately after.

    If you don't want to lose braincells reading the course, here are the answers.

    1) The Astar Network token is primarily used for which of the following (All of the above)
    2) Binance Labs, Coinbase Ventures and OKX Ventures were all early investors in Astar Network (True)
    3) What percentage of the ASTR minted is eventually burned? (50%)
    4) Astar’s founder, Sota Watanaba, was featured in Forbes Asia 30 under 30 (True)
    5) Astar's sister organisation is called: (Startale Labs)
    6) Astar aims to solve the issue of Scalability and interoperability with blockchains. (True)
    7) Astar Network has its own token called ASTRO (False)
    8) ASTR token has a capped max supply like Bitcoin. (False)
    9) Which technology does Astar's architecture base itself on? (Polkadot’s parachain)
    10) Which of the following companies has NOT partnered with the Astar Network (McDonald’s)

    • +1

      Awesome, thanks for that.

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