How NOT to lose sign up bonuses after joining

in LeoFinance5 months ago (edited)

I'm not sure about you, but I believe I am an early... enough adopter. Rarely in the first wave and life taught me to either take less risks than when I was younger, or to at least spread it and calculate it more than before.

Does that mean I lose some investment opportunities? Yes, for sure! It also hopefully prevents me from taking irrational decisions that will cost me a lot of my money. It has happened to me in the past, so I talk from my own experience.

That of course is my own experience and everyone should do their due diligence when they make investments of any kind.

I've been reading many times over the last few months about or one of its components, the MCO Visa Debit Card, Crypto Earn, etc., or its own token CRO.

But only recently I decided to join it.

Ever since I came into the crypto world, I searched for easy ways to potentially link my crypto holdings with the real economy or everyday spendings. For mass adoption, crypto needs to be able to do that and I'm glad it slowly does.

The MCO Visa Card from Crypto App (free to order+deliver and no maintenance fees) offers just that: the possibility to make purchases with your crypto holdings of choice at no fees or at inter-bank exchange fees, PLUS you receive a cashback on every purchase.

Here's a list of the types of cards available and their benefits:

As you can see, you can get a card absolutely FREE (Midnight Blue), but if you can, the recommended start up MCO Visa Card is Ruby Steel (2nd tier). It requirs 1,000 CRO staked, which at the current prices mean about 163 USD.

Here's why this is the recommended card, besides the extra bonuses (2% cashback instead of 1%, and 100% rebate for your Spotify subscription received as CRO).

  • it's metallic instead of plastic
  • more importantly, it unlocks the 50$ sign up bonus*

*) After you sign up (with a referral id, it doesn't work without it!) and you go through the simple KYC process, you and your referrer both receive a $50 sign up bonus. Which is locked in your case, the new user. To unlock it, you need to stake 1,000 CRO on the app for a new card. And the card that only needs 1,000 CRO staked to have access to is Ruby Steel.

Pay attention, staking on makes CRO unliquid for 180 days (you can't unstake!).


  • No referral code, no sign up bonus
  • No KYC, no sign up bonus
  • No 1,000 CRO staked (163$ at the time of writing), the $50 worth of CRO sign up bonus is locked and you can't access it

But that's not all!

You can actually earn another $50 worth of CRO bonus!

This second bonus is available on Exchange, on which you sign up separately, but you can tell them when they ask in the sign up process that you already use the Crypto App and use the same email to sign up. You need to enter the referral code there too. Here's mine: 5avr3k7mhy

Pay very close attention here and do exactly what I tell you to if you don't want to miss out the full bonus! I missed it because I didn't know better at the time and only got $10 worth of CRO.

On Crypto exchange, you'll be offered a few options to earn more. For example, earning 2% FREE CRO by depositing crypto from an outside source to the exchange. DON'T TAKE THIS OFFER, YET, EVEN THOUGH IT HAS A 30 DAYS LIMIT ON IT!

If you want to maximize the bonus and can afford it, you'll need to do this:

First stake 5,000 CRO or more in one go (do not stake multiple smaller amounts!). If you stake 5,000 or more the first time on the exchange, you'll qualify for the $50 worth of CRO bonus. If your initial staked CRO is less than 5,000 CRO on the exchange, you'll qualify to the $10 worth of CRO bonus which you'll be able to redeem from the dashboard.

Plus, with 5,000 CRO staked, you'll unlock:

  • 6% p.a.* paid daily on CRO (* updated to 10% p.a.)
  • 10% rebates on fees
  • access to the Syndicate up to $500 (you can apply to receive coins at 50% off their price before they get listed on Crypto Exchange)

Only after you redeem your $50 worth of CRO bonus, you should use the option to deposit crypto from the outside to their exchange for the 2% free CRO, if you want to. If you do that before, you'll do it like I did it and unless you deposit a ton of crypto in one transaction (in which case I doubt this discussion is for you, lol), you'll lose the $50 bonus and only receive $10.

Something to be aware of: Starting on November 1st the sign up bonus will be halved, for both the new referral and the referrer. So 25$ each instead of $50.

If you haven't joined yet and are considering it, you should do it before November 1st if you want $50 worth of CRO instead of 25$!

And keep in mind, the sign up bonus only works if you use a referral link. You might also be asked to enter the referral code separately. Here it is mine separately, I'll appreciate if you'll use it to join: 5avr3k7mhy

Posted Using LeoFinance Beta


Nice explanation... I'm one of those that still checking for the card, but still didn't signed up... I already have Wirex card and don't use it too much these days, as I'm still in "accumulation" mode, but will start if prices start to show some love...

Delaying my card until that happens :)

Yes, I saw the Wirex card as I was researching for

All in all, it's good to have at least one option.

If the cashback benefit is high enough (probably not worth it for tier 1 cards at, it may be worth it to pay with the card and buy back the crypto with fiat you would have spent anyway. This should lead to accumulation too. I'll probably test it once my card arrives, with one or more small purchases, to see if cashback accumulates or gets eaten by price fluctuations and inter-bank charges (it's probably even better when you don't have inter-bank exchange fees).

Wirex have also that cashback thing, but I didn't use the card for a long time... I have it for a couple of years now... They do have a maintenance fees, but OK.. Any option is better than no option... ;)

Thanks for sharing these tips... Maybe I will become a user soon... Bookmarked your post!

I have it for a couple of years now...

And it hasn't expired yet?

Posted Using LeoFinance Beta

now you made me take a look... lol...

Valid from May 2018 to May 2021... ;)

Congratulations @gadrian! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 40000 upvotes. Your next target is to reach 41000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

October 2020 is the World Mental Heath Month