Rewards programs are a terrific way to retain existing customers and attract new ones. Almost every company offers attractive rewards to be at the forefront of users’ choice.
As cryptocurrency is the future, most crypto exchanges nowadays have also started rewards programs to stay ahead of the competition.
If you are a crypto enthusiast, you have surely heard about the Binance rewards program, which offers a variety of benefits to its users.
But what if we told you that there are even better alternatives to the Binance Reward Program. Yes! You heard it right! We got the chance to talk with a rep from soon-to-be launched crypto currency exchange XBO, and they filled us in on the fundamentals of its upcoming rewards program.
So, continue reading this article to find out the best alternatives to the Binance rewards program.
Which Is the Best Alternative to Binance Rewards Program?
Binance is one of the oldest and most popular crypto exchanges to date. It features a popular rewards program. So, now you might be wondering which is the best alternative to the Binance rewards program. Based on our research, XBO is at the forefront of the list.
XBO.com has already announced a generous rewards package for its users.
Apart from strong security features and best-in-class services, the rewards program of XBO.com has been gaining popularity even before its launch, for several reasons. Read on!
Reasons Why XBO could be the Best Alternative to Binance Reward Program
Good Sign-Up Bonus:
XBO.com has announced a bonus on sign-ups. The condition to use this sign-up bonus on XBO is quite straightforward.
Binance offers up to a $100 bonus when a new user joins. However, the bonus is based on a tier system, which can be quite confusing for new users or customers unfamiliar with the exchange.
Attractive Referral Bonus:
Referral bonuses reward users that introduce new users to the platform.
As entering the crypto industry is not easy, exchanges need a strong user base. So, before making its debut, XBO has already offered great rewards on referrals.
The predicted referral bonus of the platform appears to be better than that of other crypto exchanges available today.
Binance referral rewards are quite complex to understand. New users are required to complete tasks to get a welcome bonus of $5, $45, or $50.
High Rewards on Crypto Staking:
Staking on crypto exchanges can also earn you good rewards. Staking refers to the practice of keeping crypto assets in your wallet to receive rewards or interest. By doing so, you are assisting in the maintenance of the blockchain network. XBO may be the best platform for earning high rewards on crypto staking.
According to the exchange, the platform is working toward offering users the most they can earn. All these exciting rewards programs will surely reap good results for XBO once it gets launched.
On the other hand, Binance also allows its users to earn staking rewards. However, the interest it pays to its users is not as high as XBO.
Note: Interest earned on your cryptocurrency, as well as staking, are both taxable and must be reported as income.
If you want to participate, you must keep track of your profit cost basis throughout the year in order to report it on your tax return.
Learning Rewards:
If you like to explore and learn about the crypto market, there are various ways to do so. But what if I tell you that you can earn rewards by just learning. Yes, it’s true!
XBO.com is planning to offer learning rewards to its users, meaning you can earn while you learn.
What’s more exciting than having good educational content and earning opportunities on the same platform?
Binance also offers good rewards for learning programs. So, in this case, both exchanges are in the top.
However, if you have used the Binance platform, it is also worth giving XBO a shot.
Great Cashback Offers:
If you love to get cash back, then there is no better place than XBO, the soon-to-be-launched crypto exchange. The platform claims to give great cashback offers on deposits.
In simple words, when you make a deposit on the platform, you can earn a certain percentage of cash back, which will be automatically added to your account.
The exchange claims to offer the best returns, and cashback offers could bring you a second income.
On the other hand, Binance has not clearly mentioned about any cashback offers on its platform, so we don’t think its currently offering any.
The Bottom Line:
As rewards program play a vital role in the crypto industry, nearly every exchange is adopting this strategy to attract new clients and retain existing ones.
We have discussed all the probable rewards XBO will offer after launch. Also, we have listed a few reasons why this soon-to-be-launched platform is seen as the best alternative to the Binance rewards program.
After considering all the points mentioned above, it is no surprise to say that XBO will see enormous popularity after its launch.
FAQs:
What is the XBO Rewards Program?
The XBO rewards program is an initiative for users to earn from the platform. The exchange platform will launch soon and will allow its users to earn through these rewards programs.
Who are Eligible for XBO Reward Program?
Anyone who signs up with XBO, a soon-to-be-launched crypto exchange, will be eligible for these rewards programs.
What is the Best Alternative to Binance Rewards Program?
XBO is considered the best alternative to the Binance rewards program.
Does XBO Offer Any Loyalty Programs?
Yes, the crypto exchange is currently planning to launch attractive and generous loyalty programs in addition to rewards programs.
