Cashback is a popular e-commerce system that manages rewards and discounts for purchases. Each time you shop online, and in some cases in store, you get up to 1% of the transaction value. Traditionally administered in cash or reward points, some cashback systems now distribute rewards in the form of cryptocurrency – or “cryptoback”. These offer a passive way to stack the sats while you shop.
Also read: 13 cryptographic debit cards you can use right now
Earn Bitcoin by buying online with Stormshop
Stormshop is an integration of mobile applications from a microtask and a earnings platform Stormx. It allows buyers to receive cryptographic rewards for their online purchases and is available in more than 187 countries, including the United States. Over 400 merchants are on board such as Samsung, Microsoft, Groupon, Macy’s, New Balance and Gamestop. The Stormshop plugin, available for web browsers such as Chrome, Opera and Brave, and now for iOS and Android on mobile, manages the rewards known as Bolts.
Up to 40% is available in encrypted cashback, paid in BTC, ETH, LTC, DAI or STORM. Buyers can redeem Bolt reward points for cryptocurrencies, paid for in their ERC20 wallet or Coinbase account. Stormx claims to have more than 2.5 million users, becoming the best-known and most popular multi-currency encryption service.
Stack Sats to spend with Lolli
Lolli is a BTC cashback plugin only. Like Stormshop, it works as a browser extension and pays out BTC rewards for shopping with qualified retailers. The Lolli browser plug-in will notify you whenever you make purchases at any of its partner stores, which include hundreds of brands such as Expedia, Hotels.com, GAP, Macy’s and Hilton. Up to 30% cryptoback is promised, delivered to your Lolli wallet. From there, you can send it to your personal BTC wallet or exchange it for USD and have it sent to a bank account. The Lolli extension works for Chrome and Firefox, but unlike Stormshop, it is not available for mobiles.
Get paid for using your credit card with Pei
Pei is a cashback system that rewards you in BTC or fiat money. Unlike Lolli and Stormshop, Pei works with your existing credit and debit card and can therefore be used for purchases in store as well as online. After linking your card to the Pei app and using it as you normally would, you will receive cash back in your choice of BTC or fiat. There is no membership fee for using Peiand special offers with selected retailers provide the opportunity to claim additional cash back.
Win Cryptoback for shopping with your Wirex or Crypto.com card
The other way to earn cryptographic rewards when shopping in-store is to use a cryptographic debit card. Two of those recently featured in news.Bitcoin.com overview of cryptographic cards provide this functionality: Wirex and Crypto.com. The first pays 0.5% in cryptoback, paid in BTC, for store purchases, increasing to 1.5% if you hold 500,000 WRX tokens. Crypto.com’s Visa MCO card, meanwhile, grants 1-5% in cryptoback for purchases.
Crypto cashback provides a simple but effective way to passively increase your cryptocurrency balance while taking care of your daily business. Naturally, there is a compromise to be made in terms of confidentiality to consider in order to link your cryptographic trends to your consumption habits. Given the modest amounts of cryptocurrency to be acquired this way, however, you may decide that your penchant for stacking sats in the form of cryptoback is unlikely to attract much heat. Cryptocurrencies give ordinary people a way and a reason to save and crypto cashback provides a tangible use case for digital assets, adding sats to your wallet when shopping.
Do you use crypto cashback services? If yes, which ones do you recommend? Let us know in the comments section below.
Warning: This article is for informational purposes only. It is not an offer or a solicitation of an offer to buy or sell, or a recommendation, approval or sponsorship of products, services or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or supposed to be caused by or in connection with the use or trust in the content, goods or services mentioned in this article.
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