Here is another promo involving the temporary ownership of cryptocurrency. eToro is offering a when a new customer deposits and trades $5,000 worth of crypto. The scheduled end date is 11/3/2020. The terms are pretty straightforward:
- Sign up for a new eToro account.
- Deposit funds ($5,000+).
- Open $5,000 worth of crypto trades in your portfolio
- Automatically receive $500 directly to your trading account balance.
This seems a bit more easy than the , as eToro appears to accept funds via online ACH bank transfer. There is also no 3-month holding period, although you will need to actually own a potentially volatile cryptocurrency for a few moments (assuming you do a quick roundtrip buy/sell trade). I didn’t see any familiar stablecoins as an option upon a quick glance, but again I don’t know about all the various coins. Some people may prefer opening the BlockFi interest-earning stablecoin account instead as eToro seems more of an active trading platform.
However, there is a concerning catch in the .
The first up to fifty (50) Invited Participants who met the Promotion Criteria during the Promotion Period will be eligible for a Reward, provided the qualifying terms below have been met, all subject to the Promotion T&Cs.
How is someone supposed to know if they are amongst the first 50? The promo just started today, so I would think if you applied in the first couple of days that would be acceptable, but there is still a risk. It may help to use this as perhaps it has its own limit.
eToro is another big name in the space, but again please do your own due diligence. Accounts can be opened in the following states and territories: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Marianas Is., Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, US Minor Is, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
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