How to Earn Free BTC on OKEx

The beauty of crypto exchanges is that they have plenty of ways for you to make money without necessarily spending time trading and looking at charts all day. For example, tons of promotions and deals are offered to get you to sign up and start learning and trading crypto. It’s not like going to Walmart and getting a “rebate coupon.” In crypto, the payouts are typically instant. Watch some educational crypto videos and get tokens distributed immediately. Send a friend a referral link and get the BTC the second they click on it. It’s pretty sweet.

Other tools offered by exchanges such as OKEx allow you to take advantage of accrued interest, staking and loan services. This requires you to spend money to make money. Buy some tokens and get daily interest (staking dividends). In any case, you’re earning “free” Bitcoin because you’re not having to work for it. You’re just saving/investing it.

If you’re a crypto-noob (or you were burned in the past and want to get back in), I recommend using this approach to dip your feet into the world of crypto. Many people want to learn how to day-trade, but studies have shown that 99% of day traders lose money. A more prudent approach and starting point is to get a solid footing on one exchange and learn how it operates and the markets work. In all endeavors in life, spending time educating yourself pays off.

I’ll show you how you can make a few hundred bucks this month by signing up on an exchange — in this case OKEx — and following a few steps. In the process, you’ll learn about different tokens, how lending and staking works, and the basic mechanisms behind trading. Feel free to blow the money on wagyu foie gras sushi. Or maybe a nice present for your mom.

For starters, you can make money simply by signing up and getting your first crypto. You can use a referral link — here’s mine. After you buy your first $100 of crypto, you get an extra $10. Boom. Take a bit of time to familiarize yourself with the platform. There’s tons of educational videos here.

Now you can create your own referral link and reap the rewards (navigate to More > Referral > Copy Link). Send your own link to a friend and get another $10 when they sign up. Crypto comes up quite frequently as a topic, especially considering the recent BTC breakout of 10k and various alts popping off. So, when the topic does come up, I’m sure you have at least 1 friend who would sign up using your link. Boom. Another $10 for just mentioning it.

If you can’t be bothered asking your friends to sign up for an exchange, then here’s another method. Do you send a lot of emails? Why not use the Hotmail-hack (This is how Hotmail went from zero to millions of users.) and put your referral link in your email signature (“Get free Crypto” or something catchy)? That way you can set it and forget it, and make a few extra bucks each month.

By the way, once you have 10 people using your referral link, you can become an affiliate. Basically it’s a type of referral link, but this time you get 30% of their trading profits. So, if your friend signs up and buys $1,000 worth of the COMP token, which just had a 50% increase in the last 24 hours — while I was writing this tip — you would get 30% of $500 = $150. And heck, investing $1000 in crypto isn’t that much, so I’m being conservative.

You haven’t even traded crypto yet and you’re already making money. Good job.

The next step is to earn and learn. Navigate to the Free Bitcoin section and check out the five videos for the day — your “daily missions.” Okay, honestly, you don’t get paid too much here, but there’s tons of these videos and it only takes you 5 minutes a day for a few bucks. The larger benefit is non-monetary. You’re getting a crash-course in everything crypto and making some dineros in the process. Nice.

Lastly, you can multiply your crypto stores by staking. Simply put, staking is the act of locking cryptocurrencies to receive rewards. In most cases, you’ll be able to stake your coins directly from your crypto wallet. Learn more about staking here. Note that some exchanges like Coinbase take a big fee and so your staking rewards are significantly reduced (not so with OKEx).

On OKEx, navigate to OkExPool > transfer funds to the staking account > choose a coin. You can view the max annual yield for coins below. For example, with a deposit of $1,000 of XTZ, you’ll accrue 6%, or $60 (not taking into account it’s increase in value), which is paid out in weekly staking rewards. Or take a look at VSYS — 10% rewards. That’s better than keeping it in your bank. (As always, practice smart risk management.)

Well, that’s about it for now. Stay tuned for more crypto tips next time. Drop me a message in the comments if you have questions.

Good luck my friends!

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