Apply the GoSats referral code GSOB4514 to claim the new user signup bonus and to be eligible for the bonus, complete the first purchase using your new crypto bonus reward card.
Overview of Crypto Cashbacks
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Crypto cashback on shopping is a concept where customers are given cashback in the form of cryptocurrency when they make purchases through a certain platform or app. This is similar to traditional cashback programs where customers receive a percentage of their purchase back in the form of cash or credit, but instead, the cashback is provided in the form of cryptocurrency.
The purpose of this concept is to promote the use of cryptocurrency and make it more accessible to a wider audience. In India, the concept of crypto cashback on shopping is not yet popular but there are a few platforms that offer this service. For example, one such platform is “GoSats” which allows users to earn Bitcoin cashback when they shop online through the GoSats prepaid card. GoSats has partnered with various merchants and online shopping platforms to offer cashback in the form of Bitcoin for every spend online.
GoSats App Overview
Customers can then use the Bitcoin they earn as cashback to purchase on the platform or trade them on a cryptocurrency exchange. Another platform is “CashKaro” which is a traditional cashback and coupon website that allows users to earn cashback when they shop through the CashKaro website. They partner with various merchants and online shopping platforms to offer cashback in the form of the Indian rupee. But, GoSats does the same through Bitcoin and customers can then use the Bitcoin they earn as cashback to purchase on the platform or trade them on a cryptocurrency exchange. You can also earn cashback and scratch cards with assured Sats when you refer your friends with the GoSats referral code.
However, it’s important to note that the usage of cryptocurrency in India is still in a grey area as the Reserve Bank of India (RBI) has not yet regulated the use of cryptocurrency in the country. Therefore, before using any platform that offers crypto cashback, it’s essential to research and understands the legal and regulatory environment in India. In addition, cryptocurrency usage is still not very common in India and most online merchants and platforms do not accept crypto as a form of payment.
Therefore, it’s essential to check the merchants and platforms that accept crypto cashback before using these platforms. In conclusion, crypto cashback on shopping is a new concept in India, but there are a few platforms that offer this service. However, it’s essential to understand the legal and regulatory environment before using these platforms and also to check the merchants and platforms that accept crypto cashback before using these platforms.
GoSats Referral Code
You both earn 2000 Sats when your friend makes a purchase through your GoSats referral code. Your friend should get a credit card and use it to complete a purchase in order for you to earn a bonus. The latest referral code of GoSats is GSOB4514 and both the referrer and referral are eligible for the bonus upon completing the first purchase.
|App||Referral Coupon Codes|
|₿ GoSats Referral code||GSOB4514|
|🌐 Coupon Eligibility||New users|
|💳 Referral Earnings||2000 Satoshi|
|📅 Expires on||31-12-2025|
|📱 App Name||Gosats|
|🧾 Parent company||Saffron Technologies PTE LTD|
|🏧 Referral bonus benefits||2000 Satoshi as a referral bonus|
GoSats Crypto Cashback Rewards Card
A crypto cashback credit card is a type of credit card that allows users to earn cashback in the form of cryptocurrency when they make purchases using the card. This is similar to traditional cashback credit cards, where users earn cashback in the form of cash or credit, but instead, the cashback is provided in the form of cryptocurrency. The purpose of this concept is to promote the use of cryptocurrency and make it more accessible to a wider audience.
Currently, there are a few crypto cashback credit cards that are available on the market, but they are not as common as traditional cashback credit cards. Some examples include the BlockFi Bitcoin Rewards Credit Card, the GoSats rewards card which allows users to earn 1.5% cashback in the form of Bitcoin on all purchases made with the card, and the Nexo card which allows users to earn cashback in the form of NEXO tokens.
It’s important to note that the use of crypto cashback credit cards is still in its early stages and the availability of such cards may vary depending on location and regulations. Also, while some cards like GoSats may offer cashback in the form of cryptocurrency, they may also have some limitations such as the acceptance of merchants or the conversion rate of the crypto.
How to Signup to GoSats?
Before signing up for a crypto cashback credit card, it’s important to research and compare the fees, rewards, and terms of different cards, as well as the regulations in your area. It’s also important to understand the volatility of the crypto market and the risk involved with holding a significant amount of crypto. While signing up, you can enter the referral code together with your personal information to make sure you get the referral bonus on registering.
In conclusion, a crypto reward credit card is a type of credit card that allows users to earn cashback in the form of cryptocurrency when they make purchases using the card. However, they are not as common as traditional cashback credit cards and their availability may vary depending on location and regulations. Before signing up for a crypto cashback credit card like GoSats, it’s important to research and understands the fees, rewards, and terms of the card, as well as the regulations in your area and the risk involved with holding a significant amount of crypto.
Update about the GoSats referral program in May 2023
Gosats recently made a significant update to their referral program and now you can earn sats worth ₹250 for every user who joins the Elite card and you continue to earn the bonus on their spends until you reach ₹500 from a single referral. In case your referral enrolls for the intro card, you will be earning ₹100 and then 1% of their spending in the future. This new update has been a very improvement from their existing rewards.
FAQ about GoSats Crypto rewards referral
- How do crypto rewards credit cards work?
A crypto rewards credit card works just like a traditional credit card, but instead of earning rewards in the form of cash or credit, users earn rewards in the form of cryptocurrency. Users can earn rewards by making purchases with the card, signing up for the card, or by referring friends to sign up for the card.
2. What types of cryptocurrency can I earn as a reward?
The type of cryptocurrency that can be earned as a reward varies depending on the card issuer. Some cards may offer rewards in the form of Bitcoin, while others may offer rewards in the form of other cryptocurrencies such as Ethereum or NEXO tokens.
3. What is the GoSats referral code for a new user crypto bonus?
You can use the referral code GSOB4514 to complete your registration with a crypto bonus.
4. Are there any fees associated with using a crypto rewards credit card?
Yes, there may be fees associated with using crypto rewards credit cards, such as annual fees, foreign transaction fees, or cash advance fees. It is important to research and compares the fees and terms of different cards before signing up.
5. Can I use the cryptocurrency earned as a reward to make purchases?
This can vary depending on the card issuer and the terms of the rewards program. Some issuers may allow users to use the cryptocurrency earned as a reward to make purchases on their platform, while others may require users to trade the cryptocurrency on a cryptocurrency exchange before making purchases.
6. Are crypto rewards credit cards widely accepted?
The acceptance of crypto rewards credit cards can vary depending on location and the merchant.
GoSats referral coupons were last updated on: 1st August 2023
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