No-Deposit Bonuses: The Perfect Start for Beginners
The crypto market is often likened to the Wild West—full of risks but brimming with opportunities. This combination can be both exciting and overwhelming for newcomers. Fortunately, there’s a simple and risk-free way to learn the basics of trading: no-deposit bonuses.
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What Is a No-Deposit Bonus and How Can You Claim It?
A no-deposit bonus is a small amount of funds offered by a cryptocurrency exchange to new users upon registration. These bonuses provide an excellent opportunity for beginner investors to test their trading strategies in a real market environment without taking on additional risks.
Beyond that, a welcome bonus allows users to explore the platform’s interface, familiarize themselves with technical indicators, and practice using trading tools.
Trading with “house money” helps beginners overcome their fear of the market, better understand its psychology, and learn to manage their emotions in real-time scenarios.
Receiving a welcome bonus is always a pleasant start. Source: Reddit
How to Get a No-Deposit Bonus
Claiming a no-deposit bonus as a new user is a straightforward process:
- Choose a reliable exchange that offers no-deposit bonuses.
- Complete identity verification (KYC). Be ready to provide photos of required documents and personal information to verify your identity. Don’t worry about this step—exchanges use it to prevent unethical practices by bonus hunters and ensure fair use of their promotional offers.
- Wait for approval. The verification process can take anywhere from a few minutes to 24 hours, depending on the exchange's internal policies.
After approval, the bonus will be automatically credited to your account. You can use it to purchase cryptocurrencies (new users often start with low-cap tokens or meme coins) and begin trading.
Some exchanges may have additional requirements for claiming bonuses. However, in such cases, the bonus amount is typically larger.
Which Crypto Exchanges Provide No-Deposit Bonuses
No-deposit bonuses are a popular marketing strategy for attracting new users, and many well-known trading platforms offer them. However, the terms for claiming and using these bonuses can vary widely.
Before selecting an exchange, carefully review its trading conditions and user reviews. Pay close attention to the platform’s reputation, its track record, and whether it is properly licensed.
Binance
Binance is a highly reputable global cryptocurrency exchange favored by both seasoned traders and newcomers.
By signing up on Binance, you can claim a welcome bonus of $100, providing an excellent opportunity to begin trading on one of the world’s largest exchanges with minimal upfront investment.
Note: To qualify for the bonus, you must deposit at least $50 into your account within 14 days of registration. It's not possible to register solely to withdraw the bonus funds.
Founded in Hong Kong in 2017, Binance quickly earned the trust of millions of users. The platform is known for its reliability, innovative technological solutions, and a wide range of market analysis tools.
According to CoinMarketCap, Binance leads the industry in trading volume, active user numbers, and web traffic. Its native token, Binance Coin (BNB), is integral to its ecosystem, providing users with additional perks and opportunities.
Binance’s daily trading volume exceeds $25 billion. Source: CoinMarketCap
Benefits of Using Binance
- The exchange offers some of the lowest fees in the industry, starting at just 0.1% per transaction, helping users save on costs and maximize their potential profits.
- With over 350 cryptocurrencies and more than 1,000 trading pairs, the platform is trusted by a global user base of 90 million.
- Binance provides a wide array of features, including margin trading, futures, staking, and many more.
The exchange has a vibrant and welcoming community of traders, allowing users to share experiences, learn from others, and gain valuable insights.
You can sign up on Binance using our referral link.
Related: Richard Teng Unveils His Vision for Binance
Bybit
Bybit is a cutting-edge platform for cryptocurrency derivatives trading, established in March 2018 and registered in the British Virgin Islands.
Traders on Bybit have access to a diverse range of derivatives, including futures and options, covering the most popular cryptocurrencies.
Advantages of Bybit
Bybit offers robust tools for trading, including enhanced functionality, risk management solutions like mutual insurance, and market analysis indicators such as depth-of-market tools.
The platform includes Launchpad projects, a highly liquid NFT marketplace, Play-to-Earn and Learn-to-Earn tokens, meme coins, and other trending products that capture widespread attention.
Bybit supports around 42 million clients, with a daily trading volume of $6.9 billion.
The most popular cryptocurrencies on Bybit. Source: CoinMarketCap
Please note: Bybit has restrictions on servicing customers from the United States, China, Hong Kong, Singapore, North Korea, Cuba, Syria, Iran, and Russian-occupied regions of Ukraine.
Related: Top 5 IDO Launchpads
What Bonuses Does Bybit Offer?
Bybit’s rewards system for registered users is closely tied to trading activity:
- New users receive a $20 bonus upon completing the verification process.
- Referrers earn $20 for each of the first four users they invite, plus an extra $10 for each referral beyond that.
- Users can earn up to 5000 USDT by funding their accounts and completing several trades within 30 days. The bonus amount depends on the volume of personal funds used in trading.
You can sign up on Bybit through our referral link.
KuCoin
KuCoin is a versatile cryptocurrency trading platform headquartered in the Seychelles. Launched in 2017, it quickly became one of the top five global crypto exchanges by 2019.
It offers a wide range of trading tools, from traditional spot trading to advanced derivatives like futures. The platform supports an extensive list of cryptocurrencies and features its own utility token, KCS.
Both web and mobile applications are available, offering a sleek and user-friendly interface with built-in P2P trading capabilities.
With more than 30 million active accounts across 200+ countries, KuCoin boasts a daily spot trading volume of over $1.2 billion.
The platform is known for its fast registration process and frequent competitions (such as Futures Battle), which allow users to win valuable prizes.
The most popular cryptocurrencies on KuCoin. Source: CoinMarketCap
What Bonuses Does KuCoin Offer?
- New users can earn 1 to 40 USDT, automatically credited to their trading accounts upon completing KYC verification.
- Each new account receives a 200 USDT coupon that can be used for futures trading.
- New users receive between 0.01 and 20 USDT for funding their accounts.
- Users earn an additional 0.01 to 20 USDT for completing their first trade, regardless of its outcome.
Important: Bonus funds can only be withdrawn after completing at least one trade, with a minimum withdrawal amount of 10 USDT.
If KuCoin’s offerings sound appealing, you can register through our referral link.
Final Tips for Beginners
When selecting an exchange, don’t base your decision solely on the size of the welcome bonus. The foundation of successful trading lies in choosing a platform that aligns with your goals and trading strategies. Welcome bonuses are a nice addition but should not be the primary factor in your choice.
Pay attention to the exchange’s trading volume and liquidity. Highly liquid platforms generally have smaller spreads (the difference between buy and sell prices), meaning your orders are executed faster and are more likely to be filled at your desired price.
Related: What is Liquidity and How Does It Work in Crypto?
No-deposit bonuses provide a great opportunity for new traders to explore cryptocurrencies without financial risk. However, it’s important to remember that crypto trading is inherently unpredictable, and no bonus—no matter how generous—can shield you from potential losses. Always conduct thorough market research before you begin trading.
Even when using bonus funds, start with small amounts and gradually increase your trade volume as you gain experience. Learn from your own mistakes as well as those of others.
Every loss can be a valuable learning experience. Analyze your past trades and make a conscious effort to avoid repeating the same errors.
Related: 7 Crypto Trading Tips for Beginners
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