bitcoinea

As crypto people, we’re naturally inclined to look for bonuses here and there.

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But we need to be careful.

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Yesterday, I tried opening a few DUO investments to get a bonus available from Wirex, the first ever CEX I opened. I did get the bonus, but in order to get it, I had to do a few in-app swaps.

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Guess what happened? The bonus I got was essentially ‘eaten’ by the fees.

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Then the other day I did something similar, I opened a new CEX account to get a Sweatcoin-related bonus, which I didn’t get, and now the funds are stuck there. Why? Because this CEX has atrociously high withdrawals feels.

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It’s no big deal, I’ve been here before. Sooner or later, the price of BTC will go up so much that the fees won’t matter and I’ll be able to withdraw.

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Or perhaps they’ll introduce a virtual card and I’ll just spend it. Whatever, something will come up and the issue will resolve itself.

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But for now, the funds are stuck.

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All in all, I still think chasing bonus can be a net positive. This is because I’m well aware that the money I’ve made chasing these bonuses is a lot more than the money I lost in fees or terrible apps.

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BUT.

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I don’t take it lightly. I always try to think twice. Or three times.

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So if you want chase bonuses, by all means do it, but be careful.