Best Free Crypto Bonus For Signing Up In 2024
The best free crypto no-deposit bonuses for signing-up - BitGet
Best free crypto no-deposit bonuses for signing-up are:
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
In the world of crypto trading, no-deposit bonuses have been integral to newcomers to help them test out their trading strategy and become familiar with the features that a crypto exchange provides. In this article, the experts at TU will delve into the best free crypto no-deposit bonuses that some premier crypto exchanges provide and will go through the step-by-step process on how you can avail such bonuses.
What is a crypto no-deposit bonus?
In the world of cryptocurrencies, a no-deposit bonus provides the opportunity for crypto traders to amplify their profits, all without them being subjected to financial risk. A no-deposit bonus is a promotion scheme used by a crypto trading platform wherein they give you a live trading account with a free bonus, and this bonus is credited to your account without the need to make an initial deposit.
In essence, traders can now start their journey in crypto trading without having to worry about putting or losing their valuable funds. These benefits are put forward by crypto exchanges to foster a dynamic trading environment and to invite more people to join and use their trading platform.
By offering such no-deposit bonuses, these exchanges provide an incentive for traders to come to their platform and try a risk-free approach in testing out their platform with diverse trading strategies.
Best free crypto no-deposit bonuses for signing-up in 2024
| Exchange | Headquarters | Year Founded | Minimum Deposit | Leverage | Bonus Offer |
|---|---|---|---|---|---|
Seychelles |
2020 |
₮1 (USDT) |
Up to 1:125 |
Up to 1,000 USDT Welcome Pack |
|
Malta |
2017 |
0.00005 BTC |
Available |
Mystery Box Rewards |
|
Singapore |
2018 |
From USD 1 |
Up to 1:200 |
$100 USDT Sign-Up Bonus |
|
Hong Kong |
2017 |
From $1 |
Up to 1:10 |
$5 Verification Bonus |
|
Seychelles |
2017 |
From $1 |
Up to 1:100 |
Up to 400 USDT Rewards |
|
Seychelles |
2013 |
None |
Up to 1:300 |
SHIB Bonuses |
|
Seychelles |
2019 |
None |
Up to 1:300 |
25 USDT No Deposit Bonus |
BitGet – Low fees, spot, futures trading, international services, and copying trades
At BitGet, traders can trade different kinds of cryptocurrencies, like Bitcoin and others. They let you trade in two ways: regular trading and something called futures trading. They have a website and an app you can use to make trades. The fees charged by BitGit are also reasonable – just 0.02% or 0.06% of what you trade, depending on the offering you choose. Users are also allowed to pay the fees using the bonus they get when they sign up and put money in their account. BitGet offers users up to 1,000 USDT as a welcome pack when they sign up. Moreover, it also offers copy trading capabilities to users interested in capitalizing on expert traders’ calls.
OKX – Over 100 cryptos, passive income, Mystery Box rewards for sign-ups
OKX, an international crypto exchange established in 2017, presents a hub for diverse trading experiences. With over 100 cryptocurrencies, OKX empowers users with margin trading and passive income generation through token storage. The exchange also emphasizes on continuous education, offering comprehensive resources for both new and experienced traders.
As part of its user-centric approach, OKX offers a Mystery Box worth up to $10,000 to those signing up and logging in through the OKX App. This enticing incentive reflects OKX's commitment to engaging users on its potentially lucrative platform.
Bybit - 100 USDT bonus for risk-free trading
Bybit is a well-known cryptocurrency exchange that started in 2018. It's a platform for trading crypto in a special way, using instruments called derivatives. This means they allow trading contracts that are connected to the value of cryptocurrencies. Bybit also offers leverage, which can amplify the results of your trades. Their derivatives offerings include contracts connected to the value of Bitcoin, Ethereum, and other tokens. Bybit’s platform also has some advanced features like mutual insurance and a system to show how deep the market is.
Recently, Bybit updated their platform, and they're giving a bonus to new users. If you sign up and make an account on Bybit's MT4 platform, they'll give you a bonus of 100 USDT. You don't need to put in any money to get this no-deposit bonus. Also, if you put money into your account within 30 days of signing up, Bybit may reward you with a big bonus, up to 1,777 USDT.
Binance – Global giant, offers $5 verification bonus for new sign-ups
Binance is a renowned exchange offering cryptocurrency trading. Based out of Hong Kong, the exchange offers many features for traders, including its own special kind of money called a native asset. Traders can start trading on Binance with just $1, and they can further take advantage of leverage offered by the exchange. Moreover, the fee charged is also on the lower side – just 0.1% of what you trade.
For users joining Binance, the exchange offers a welcome bonus of $5 when the user creates an account and verifies their identity. They also have a referral program where if you invite friends, you both get rewards, up to $50.
KuCoin – Wide coin selection, hosts unique contests, rewards up to 400 USDT
KuCoin stands as a dynamic crypto exchange offering multiple trading options, including cryptocurrency exchanges, spot trading, margin trading, and futures trading. Featuring cryptocurrencies like Bitcoin, Ethereum, and Tezos, KuCoin offers user-friendly web and mobile terminals. Its competitive edge lies in its accessible minimum deposit requirement, catering to traders of various levels.
KuCoin goes beyond traditional trading by hosting engaging contests like the "Futures Battle," allowing traders to compete for cash prizes. The exchange also extends a warm welcome to new users, offering rewards of up to 400 USDT upon successful registration, creating an ideal entry point for traders exploring the world of cryptocurrencies.
Huobi – Global presence, offers up to 40,000 SHIB bonuses for new users
Huobi Global, a renowned crypto exchange that originated in China and now operates from Seychelles, offers an array of assets for trading. Established in 2013, Huobi Global caters to users with around 300 currency pairs and cross rates. While licensing details remain undisclosed, the exchange emphasizes its variety of trading options and a global presence.
New users on Huobi Global can access bonuses like acquiring up to 40,000 SHIB (Rewards Hub bonus) and an additional bonus of up to 40,000 SHIB by completing a P2P trade within the first 24 hours of registration. This bonus opportunity introduces traders to the potential of the crypto landscape on Huobi Global's versatile platform.
StormGain – Diverse cryptos, bonuses; user-friendly platform for seamless trading experiences
StormGain beckons traders with a variety of cryptocurrencies, including Bitcoin, Tether, Dash, Monero, and Tron. With a proprietary trading terminal available on browsers and mobile devices, StormGain simplifies trading. The exchange enhances trading conditions with a standard referral and loyalty program and offers an investment deposit program promising returns of up to 12% annually.
Notably, StormGain provides user support around the clock and basic training guides for informed trading decisions. The platform's Bitcoin mining function operates with zero commissions, with a 10% commission fee on successful trades. Lastly, newcomers can benefit from StormGain's 25 USDT Crypto No Deposit Bonus, reflecting the exchange's dedication to empowering users from the outset.
Benefits of crypto no-deposit bonus
According to experts, crypto no-deposit bonuses can be useful for traders in the following ways:
Risk-free entry
The first and foremost advantage of using a crypto no-deposit bonus is its inherent risk-free nature. Aspiring traders can now test out their trading strategies and dive into the world of cryptocurrency trading without the fear of using their own money. This also encourages novice traders to explore the market, build their skills, and gain much-needed practical experience.
Learning ground
A no-deposit bonus helps traders to learn and acts as a platform for traders to grow. It enables them to understand the dynamics of crypto trading, understanding market trends and helps them to get familiarized with various tools and techniques, all without financial consequences.
Exploration of multiple assets
With the help of the no-deposit bonus, traders can try out trading different crypto assets that they otherwise might have been hesitant to do. This exposure can broaden their horizons and help them to discover potentially profitable opportunities.
Strategy testing
No-deposit bonuses allow traders to test their strategies in real-market conditions. This hands-on experience empowers them to fine-tune their approaches, identify strengths and weaknesses, and ultimately develop more effective trading strategies.
Growth of trading confidence
The risk-free environment provided by these bonuses contributes to boosting traders' confidence. Their self-assurance grows as they accumulate successful trades and understand market patterns, motivating them to further engage in trading activities.
Path to live trading
Successfully navigating the complexities of trading using a no-deposit bonus can serve as a stepping stone to live trading. Traders who have built their skills and confidence through this process may be more inclined to make a deposit and continue their trading journey.
How to find the best crypto no-deposit bonus?
Finding the optimal crypto no-deposit bonus involves considering various offerings and matching them with your specific requirements. Experts suggest following these steps if you wish to navigate your way towards uncovering the best offers:
Research reputable exchanges
Ideally, one should begin their crypto trading journey by researching safe and reputable crypto exchanges. It is advisable to opt for exchanges with a track record of reliability, security, and transparent operational history. This forms the foundation for a safe and satisfactory trading experience.
Compare bonus offers
Once you have selected a reputable crypto exchange, analyze the no-deposit bonuses which they offer. Scrutinize the terms and conditions of each bonus, including the amount offered, eligible assets, and any specific trading requirements.
Review user feedback
Check the user feedback and the overall condition of the platform by looking at reviews, ratings and through social media. User feedback can shed light on the credibility and effectiveness of a particular exchange's no-deposit bonus.
Check eligibility criteria
Carefully review the eligibility criteria for each bonus. Some bonuses may be restricted to certain countries, user types, or trading levels. Ensure you meet the prerequisites to avoid disappointment.
Examine trading conditions
Before joining a crypto exchange, always check the requisite trading conditions of the no-deposit bonus. Evaluate factors such as minimum trading volumes, withdrawal restrictions, and any potential fees. A bonus may appear attractive initially, but unfavorable trading conditions could diminish its value.
Understand the verification process
Familiarize yourself with the exchange's verification process. A reliable exchange will typically require some level of identity verification to prevent fraudulent activities. Ensure the process is streamlined and aligns with your preferences.
Consider additional services
Beyond the no-deposit bonus, explore the range of services the exchange offers. Consider factors like trading tools, customer support, and security features. A holistic platform can enhance your overall trading experience.
How to avail the free crypto no-deposit bonus?
Here are the steps you may follow to avail your no-deposit bonus.
Finalize the cryptocurrency exchange offering the no-deposit bonus
After identifying various cryptocurrency exchanges that are offering no-deposit bonuses and are known for their reliability and credibility, evaluate them according to your requirements and make the choice. Look for exchanges with a track record of secure operations and positive user experiences.
Create your account
Begin the process by signing up for an account on the chosen cryptocurrency exchange. Provide the necessary information and adhere to the registration guidelines provided by the platform.
Complete verification (if necessary)
Depending on the exchange's policies, you might need to verify your account. This verification process typically involves providing identification documents to ensure security and compliance with regulations.
Claim your no-deposit bonus
Once your account is successfully set up and verified (if required), proceed to claim the no-deposit bonus. The exchange will offer specific instructions on how to access this bonus, which often involves a simple action within your account dashboard.
Start your trading journey
With the no-deposit bonus securely in your possession, you're ready to embark on your cryptocurrency trading adventure. Leverage this bonus to execute trades, explore different assets, and refine your trading strategies.
Beyond Bonuses - More Learning Methods
While no-deposit bonuses are a great way for beginners to test cryptocurrency trading with zero financial risk, there are some other supplementary options available as well. These allow newcomers to learn the ropes without any real money on the line.
Paper trading competitions
Some exchanges run paper trading competitions where you can simulate trades but compete against others for potential prizes. This makes the learning process more interactive and game-like. Competitions expose traders to real market conditions without risk.
Demo accounts
Many brokers offer functional demo accounts with fake money that work just like a live trading account. This enables exploring different strategies, currencies, and tools without worrying about losses. Deposit bonuses cannot match the lengthy learning period of a demo.
Simulation games
A few startups have created cryptocurrency trading games that mimic the real thing. Through quests and missions, they teach users about fundamentals and technical analysis in a low-pressure manner. These are ideal for those seeking to understand crypto before diving in.
Offline education
For the most cautious, several training courses and books provide a risk-free way to gain crypto trading knowledge. Offline education fills knowledge gaps that experience alone from bonuses cannot. A solid foundation is key before taking the next step to live markets.
Expert Opinion
Sign-up crypto bonuses help beginners familiarize themselves with the platform's functionality, and test their strategies without risking their capital. However, not all free no-deposit crypto bonuses are as good as they may seem at first glance. Some companies set strict bonus redemption requirements and may impose certain restrictions that may be unacceptable for traders. Making the right choice of free crypto welcome bonuses will be the first successful step in getting acquainted with the dynamic trading environment and smoothly transitioning to real trading.
FAQs
What is a free crypto sign-up bonus?
A sign-up bonus in the crypto world is a little like a welcome handshake in the form of digital currency. When you join a new platform, they might top-up your account with some free crypto as a reward for getting started with them.
How can I qualify for a free crypto sign-up bonus?
Each platform has its own set of hoops to jump through. Typically, you'll need to prove who you are, get your wallet set up, and sometimes you'll need to engage in some initial trading or fund your account with a minimum deposit.
Are there any risks involved in claiming a crypto sign-up bonus?
"Free" always sounds great, but it's wise to look a little deeper. Be sure to understand the terms attached, like whether there's a requirement to trade a certain amount before you can withdraw your bonus, to avoid any surprises down the line.
Do I have to give out my credit card information to claim a crypto bonus?
Generally, your wallet is enough to get started, and credit card details are not necessary just for the bonus. However, some platforms might require a payment method on file to complete your account setup or to make a qualifying transaction.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.