- November 15, 2019
- Posted by: icoblock
- Category: Uncategorized
Want to earn Bitcoin while you shop online?
Welcome to the world of Crypto Cashback and rewards app, which gives you money back on most of the online purchases. This is one of the idlest ways to get cashback in Bitcoin without doing much.
If you have never tried this before, well this is a great way for you, your family and friends to start accumulating cryptocurrencies without actually buying it.
In this guide, I will share some of the best and reliable crypto cashback program that gives rebates or rewards. The best part, it is actually very easy to use.
I will help you understand most of it in the upcoming section.
So grab a cup of coffee, and read on to learn something which will help you save and earn extra without any investment.
What are Crypto Cashback programs?
Let’s understand, how these crypto rewards apps are able to distribute Bitcoin for free to their users.
- These crypto cashback programs are tied up with merchants (directly and indirectly) to earn a percentage of sales when a user is sent via them. These earned percentage is often known as an affiliate commission. These crypto cashback programs give the majority part of this to the users who have shopped via them.
- Similarly, when you use a crypto debit card (some of them do offer cashback as well), they return back the “Interchange fee” like a rebate to their user. This model has been time-tested and leads to great adoption for many popular debit/credit cards. Now, the same model is being applied by many Crypto banks that offer crypto cards. ( You will find only the best one below).
You can use either of these two models to start earning crypto cashback. Before we look into apps and services that offers crypto cashback, let’s understand the concept with a simple example:
Let’s say you want to buy an online course from Udemy which cost $100
You visit the Udemy website and pay $100 to purchase the course.
You visit the Lolli website first, click on Udemy link and then purchase the course by paying $100.
Lolli website gives you 18% cashback in the form of Bitcoin. That means, you spent only $82 for the same course and also earned $18 worth Bitcoin.
Another example of the cashback program:
You are traveling with your family or loved once to an exotic place and want to use AirB&B to book a place that costs $200.
You visit AirB&B and rented the place for $200
- You visit Foldapp and purchase an AirB&B coupon worth $200 using Bitcoin.
- You then used the coupon to add money to your AirB&B account.
- Foldapp also gives you a 3% kickback on the purchase and in the form of Bitcoin.
- Your effective cost goes down to $194 and you inturn $6 as a Bitcoin.
You are holding Bitcoin and other cryptocurrencies, that you want to spend for online purchases.
You simply pay using your wallet and purchase the stuff.
- You use a crypto debit card from Cryptocom or Wirex and purchase the stuff.
- You get up to 5% as cashback and that too again in crypto.
Now, depending upon your need and requirement, you could use any of these 3 methods to get cashback for your online expenditure. This is one of those smart methods that is utilized by progressive people to save and at the same time earn extra while they spend their money.
The best part,
There is no extra work from your side and there is no risk. Moreover, it’s completely free for anyone to join.
Now, if you have understood the concept, and ready to enjoy the benefits of crypto cashback programs, here is the list you have been waiting for.
Top Crypto Rewards App that offers Rebates and Cashback:
Lolli is one of the most popular Crypto cashback programs in the market, which is idle for everyone. They offer kickback on many popular websites such as:
- Tony Robbins
And 500+ more brands..
To use the service, all you need to do is, head over to the Lolli website and create a free account. (No KYC required).
Search for the store on which you want to shop and click on the link and purchase like you usually do.
The cashback in Bitcoin will be added automatically to your Lolli account. You can, later on, withdraw these to your Bitcoin wallet or directly to your USD bank account. If you are no in the USA, you can get a free USD account via Payoneer.
Here are my earnings after 1-2 purchases via Lolli website:
Pretty cool! Right?
Foldapp offers Giftcards for many popular stores and offers significant cash back on these purchases. The cashback ranges from 2-10% and at the time of writing, the following stores giftcards are supported on Foldapp:
- Amazon.com USA
- Best Buy
- Burger King
- The Home depot
- Southwest airlines
- T.J. Maxx
Unlike, Lolli, on Foldapp you will be buying these gift cards using Bitcoin. This is a significant difference but works the best for existing crypto users who wish to live on cryptocurrencies.
3. Bitcoin Rewards
This is another popular crypto rewards app with a huge list of stores under its umbrella. Just like Lolli, here you will find the store you wish to shop on, and Bitcoin rewards will take care of rebates and adding cashback to your account.
Watch the below 60 seconds video to learn more about Bitcoin rewards:
There are a few extra features offered by Bitcoin rewards that make it stand out:
Apart from Global stores, you can find stores based on your country. At the time of writing, you can also find stores for the following countries: United States, New Zealand, United Kingdom, Australia, Canada and Brazil.
The stores are well structured in various categories and you are more likely to find a store that you usually shop on.
4. Crypto cashback rewards card:
This one is idle for most of the users who have cryptocurrencies and wish to use it for online spending. There are a few companies that offers Crypto debit cards and which are a typical Visa debit card. When you shop online, using these cards, you get a significant portion (up to 5%) as a cashback.
This works great for almost all scenarios, as you don’t have to search for websites to find cashback offers for a particular store. The only limitation is, these cards are not available in all the countries.
However, if you are from a developed or developing nation, you are more likely to find a card that serves you.
Here are two cards that are the most popular and offers cashback:
I personally like the MCO Visa card as it offers free Netflix and Spotify accounts. See the overview of MCO card in the video below:
Conclusion: Crypto rewards app
I’m optimist that we will have more crypto cashback app in the future. These cashback apps help in distributing Bitcoin to the masses in the most user-friendly and risk-free way – shopping online
These apps provide simple and convenient access to thousands of online shopping deals and discounts from your favorite online stores.
Either way, its a win-win for end-users like you and me.
You should bookmark this page, as I will be updating this guide when a new similar service launches. Also, you must share this guide with your friends and family, as this will help them to start saving money and earning in Bitcoin without actually buying it.
If you know of any other reliable service, do let me know via comment below.
An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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