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SimpleSwap New Loyalty Program: Enhanced Benefits

Feb 22, 2024
SimpleSwap New Loyalty Program: Enhanced Benefits

Key Insights

  • The SimpleSwap Loyalty Program offers users to progress through four USDT cashback levels by gradually increasing their exchange volume, thus unlocking higher cashback percentages with each level achieved.
  • Once a user reaches a level beyond the first one, they retain that status indefinitely, even if their future exchange volumes decrease.
  • SimpleSwap makes it easy to earn USDT rewards by linking them directly to users' trading activity over a 90-day period. It offers clear milestones to unlock higher levels and more significant USDT cashback percentages.

In this guide on the SimpleSwap's Loyalty Program, we'll show you how your exchanges can unlock rewards at four levels, earning you USDT cashback along the way.

How to Use SimpleSwap Loyalty Program

Create a Customer Account or log in with Google or Facebook.

Once you do, you will automatically become a participant of our Loyalty Program and receive the first level. 

Loyalty Program Levels

simpleswap_usdt_loyalty_levels_table

There are 4 levels. To unlock them, reach the appropriate exchange volume over any 90-day period

When you create an exchange, you have 90 days for that trade to count towards your Loyalty Program level. On the 91st day, that initial trade doesn't count anymore, and the period moves forward to include your new exchanges.

When you signed up with SimpleSwap and made your first exchange of, say, of 4,000 USDT, you automatically received 0.05% cashback on future transactions. Two months later, ou make another exchange for the same amount (4,000 USDT), bringing your total to 8,000 USDT within a 90-day window.

Another 2 months later, your first exchange falls outside the 90-day window, but your second exchange still counts. You then make a third exchange of 7,000 USDT, bringing your total within the 90-day window to 11,000 USDT (4,000 USDT from the second exchange and 7,000 USDT from the third). 

This qualifies you for the Silver level, which requires a trading volume of 10,000 USDT within 90 days. Now, you’ll earn 0.1% cashback on all exchanges until you reach the next level.

Below is your necessary 90-day exchange volume for each level.

  • Level 1 (Bronze): 0 USDT
  • Level 2 (Silver): 10,000 USDT
  • Level 3 (Gold): 60,000 USDT
  • Level 4 (Platinum): 400,000 USDT

As soon as you've reached a Loyalty Program level beyond Bronze, you'll maintain that status indefinitely. You'll keep the benefits even if your future exchange volume drops. 

You can always check your exchange volume, a chart that shows which trades are currently inside the 90-day window, and the general information on the Loyalty Program levels in your Customer Account.

USDT Cashback

At each Loyalty Program level, users enjoy a cashback percentage on their exchange volume. The higher the level, the greater the cashback.

  • Level 1 (Bronze): 0.05% cashback
  • Level 2 (Silver): 0.1% cashback
  • Level 3 (Gold): 0.2% cashback
  • Level 4 (Platinum): 0.4% cashback

The minimum withdrawal amount is 250 USDT across all levels

Stay tuned, as we are working on adding new benefits for the participants of our Loyalty Program.

For any queries and questions, please contact us at 
support@simpleswap.io.

The information in this article is not a piece of financial advice or any other advice of any kind. The reader should be aware of the risks involved in trading cryptocurrencies and make their own informed decisions. SimpleSwap is not responsible for any losses incurred due to such risks. For details, please see our Terms of Service.