Card, Deposit, and Staking Offers by Binance and FTX

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Blockchain
Card, Deposit, and Staking Offers by Binance and FTX

Crypto offers have become a big thing in the crypto space. Some exchanges with enticing offers are Binance, FTX, Robinhood, Crypto.com, Coinbase, Paxful, eToro, and Gemini. These platforms offer rewards in different ways like digital payment cards, staking offers, and deposit bonuses. 

Binance vs. FTX

Binance accepts up to five cards per account at the same time. It allows for the integration of both visa and MasterCard. Mastercard payments are available in these countries: Colombia, Czech Republic, France, Germany, Indonesia, Italy, Latvia, Luxembourg, Mexico, Norway, Poland, Slovakia, Slovenia, Spain, Switzerland, Turkey, UK, Ukraine, etc.

Visa cards are only supported in the European Economic Area (EEA) countries, the UK and Ukraine. 

FTX card is currently in the US, but the exchange is actively increasing its territory, so it has asked its users to sign in to a whitelist for notifications when the cards will be available in their regions/ countries.

Card Binance offersCardFTX offers
Binance cardSupported by google pay and Samsung pay

Hold cryptos and only exchange the exact amount for fiat during paying time.

Spend through the card immediately after a successful application

Shop at over 60 million outlets globally

Earn cashback of 0.1% to 8% in BNB while spending with the card

The virtual EEA card has a purchase limit of 870 EUR in a day, while the Refugee card (Ukraine card) has a purchase limit of 500EUR

The physical EEA card has a purchase limit of 8,700EUR, and the physical Refugee card has a purchasing limit of 2000EUR

The ATM withdrawal limit for an EEA card is 290 EUR

ATM withdrawal limit for Refugee card is 200 EUR within 24 hours

Supports transactions of 50 EUR per contactless transactions

Can only process 150 EUR in a contactless transaction; then, the
user will need to make a Chip & PIN transaction to reset it

Limits are fixed and cannot be edited by an individual card user

Up to 0.9% in fees for payment and ATM withdrawals

0 registration fee

25 EUR for reissuance of a Binance card

Zero fees for inactive accounts
FTX Visa CardHas a wait list with which every applicant will be notified when the card will be available in their region

FTX won’t charge any fees to use the card

Third-party fees are applicable

The card will only sell the exact amount of crypto required to settle a given trade to allow users to retain their assets as crypto in the exchange.

Global reach and can be used at any time.

Industry-level security standard integrates with FTX and swipe

Has online customer support services

Supports the English language

New Binance Cash Back Program Valid Till 2022-10-31 23:59 (UTC).

This promotion will be available to the first 10K new Binance card users and the first 10K old Binance card users who will fulfill the  respective Eligibility criteria and confirm their participation by 2022-06-30 23:59 (UTC) 

Binance card levelMonthly BNB holding amountMonthly Binance card transaction amountCashback ratioMonthly cashback cap per user
1Amount < 10 < Amount ≤ 7991%8
21 ≤ Amount < 9799 < Amount ≤ 1,4992%30
39 ≤ Amount < 39Amount > 1,4993%60
439 ≤ Amount < 99N/A4%200
599 ≤ Amount < 249N/A5%275
6249 ≤ amount < 599N/A6%350
7Amount ≥ 599N/A8%500

Eligibility Criteria for New Binance Card Users (10,000 users):

  • Non-Binance Card users must sign up for a Binance Card from 2022-06-10 at 00:00 till 2022-06-30 at 23:59 (UTC).
  • Have at least four months of trading history on Binance from 2021-06-01 00:00 till 2022-05-31 23:59 (UTC).
  • Have less than one BNB of the monthly average BNB holding at the point of registration.

Eligibility Criteria for Existing Binance Card Users (10,000 users):

  • Existing Binance Card users must have less than eight months of card usage from 2021-06-01 00:00 till 2022-05-31 23:59 (UTC).
  • Have at least four months of trading history on Binance from 2021-06-01 00:00 till 2022-05-31 23:59 (UTC).
  • Have less than one BNB of the monthly average BNB holding at the point of registration.

Deposit Bonus

BinanceFTX
Get up to $5 for a first-time deposit of $50 or more using P2P or fiat.Deposit to your FTX account to earn VIP status
$50 cashback voucher for depositing $50 in cryptoDeposit $100K to unlock Tier5 status
$20 Spot cashback voucher for spot trade of at least $1000 within the first 7 days of registrationDeposit $200K to unlock Tier 6 status
$25 spot cashback voucher for spot trade of at least $20K within the first seven days of registrationDeposit $1M to unlock VIP4
Up to $100 in vouchers for specified first-time deposits in the exchange’s protocolsDeposit $5M to unlock VIP6/MM2
Deposit $10M to unlock VIP7/MM4

To earn Binance deposit rewards, you need to :

  1. Open an account
  2. Verify it
  3. Complete the tasks
  4. Follow guidelines to claim the rewards

How to Apply for FTX VIP Status Deposit Benefits?

Send an email with the following information to [email protected]

  • FTX account email, which does not exist referral relationship
  • Contact details (telegram/WhatsApp)
  • Country/Region
  • Screenshot of deposited funds 
  • Screenshot of your volume on other exchanges

Here are the rules and directives for participating in the FTX deposits event as stated by the platform:

  1. The above promotion and application standards are eligible until 2022-08-01 at 0:00 AM (UTC). Please refer to the official announcement for any new updates;
  2. The applied VIP tier for deposits will last for the first 45 days, after which the system will automatically evaluate your fees based on your trailing 30d trading volume;
  3. Deposit must be done in one transaction, aggregate amounts aren’t eligible;
  4. Following the upgrade of your account to higher/VIP tier, your account must maintain the requisite account balance. If your account balance drops below the deposit requirement of your tier, the fee tier override will be removed;
  5. If you provide trading volume proof for the preferential fee tiers, you’ll have 30d trial period;
  6. Each user may only participate in this program once.

Staking

High Yield Binance Staking Center for APYs of up to 104.62% 

This staking protocol allows Binancians to stake their funds in  AXS, SHIB, VET, SOL, AVAX, NEAR, LUNA, ADA, MATIC, and CAKE to earn APYs of up to 104.62%.

  • Locked Staking Format: First-come, first-served basis.
  • Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
  • Interest Payout Time: Daily.
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
AXS90 days3 AXS104.62%0.0001 AXS
SHIB10 days7,000,000 SHIB10.12%200 SHIB
VET90 days3,000 VET7.32%1 VET
SOL90 days3 SOL12.12%0.0001 SOL
AVAX90 days5 AVAX20.19%0.0001 AVAX
NEAR90 days25 NEAR20.27%0.001 NEAR
LUNA90 days5 LUNA16.67%0.0001 LUNA
ADA90 days200 ADA10.43%0.001 ADA
MATIC90 days150 MATIC20.09%0.001 MATIC
CAKE90 days10 CAKE70.56%0.001 CAKE

Here are the rules on how to stake with Binance and enjoy these offers as explained by the exchange:

  • The maximum Locked Staking Limit Per User on certain cryptocurrencies may be adjusted as the offerings are limited and are open to all users.
  • VET interest payout time: Between 00:00 AM – 04:00 AM (UTC) on the next day after the product expires, users’ staked VET and earned VTHO will be automatically transferred to users’ spot wallets.
  • Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
  • The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
  • Unlock period for Locked Staking products: 1 day.
  • About early redemption: Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.

Log into the Binance web and mobile applications to see more staking options under the binance earn tab. There you will get exposure to options like Auto invest, liquidity farming, Earn, locked savings, staking, pool, ETH 2.0 staking, Dual investment, BNB vault, launchpad, and Polkadot auction. 

FTX Staking Offers and Fee Structure

TierFTT StakedReferral RateMaker Fee RebateBonus VotesRelative Airdrop Increase
0025.00%None00.00%
12528.00%0.0000%12.00%
215030.00%0.0005%24.00%
31,00032.00%0.0010%66.00%
410,00034.00%0.0015%108.00%
550,00036.00%0.0020%1510.00%
6250,00038.00%0.0025%3012.00%
71,000,00040.00%0.0030%5014.00%
TierStaked FTTIEO tickets
000
11501
22902
34203
45404
56505
67506

FTT staking gives investors the following benefits:

  • Increased referral rates: referrers that stake FTT are paid a higher fraction of their referees’ fees
  • Maker fee rebates: stakers get maker fee rebates (in addition to the standard FTT fee discounts) . These rebates stack with MM-level based maker rebates.
  • Free swag NFTs: stakers can spin the non-fungible swag wheel for a chance to win a free NFT, redeemable for FTX-themed swag or resellable at the NFT marketplace.
  • Bonus votes: stakers get bonus votes in our polls (in addition to the standard number of votes, based on FTT held and trading volume)
  • Increased airdrop rewards: stakers get increased SRM airdrops (and potentially later other airdrops and yield)
  • Waived blockchain fees: stakers get a number of free ERC20 and ETH withdrawals per day.
  • Waived fiat fees: stakers get an extra free fiat withdrawal per week
  • IEO tickets: stakers get tickets for IEOs hosted in FTX

Final Thoughts

The Crypto space is full of offers; though most are not too significant, they can be great for making trading activities more profitable. Crypto offers can exist in different ways like cash back, promotions, bonuses, and giveaways. They can also take different natures like cash, crypto, fee rebates, coupons, etc. 

Brilliant traders will always benefit from the advantages given by the offers, no matter the nature they take. They know how to leverage them to reduce the costs of transactions or acquire more crypto assets than without the offers. Such strategies and brilliance are what all crypto traders should have.

The funds received from the crypto offers could greatly help in processes like stacking crypto assets. This method of accumulating crypto assets first came through the Bitcoin community that stacks sats (smallest units of Bitcoin) over a long period to average its price. The offers could also be used to cut the transaction fees making traders maximize their profit limits.

These offers can be earned on platforms like crypto exchanges. The largest ones like Binance and FTX capitalize on them to keep their users enticed to trade with them. This strategy is great as it keeps the traffic at the platforms high. A brilliant trader should also learn to leverage these offers. They should research on different platforms rather than just settling for one.

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Samuel Mbaki Wanjiku

Samuel is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.