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SimpleSwap's New Loyalty Program: Enhanced Benefits

Feb 28, 2024
SimpleSwap's New Loyalty Program: Enhanced Benefits

Key Insights

  • The SimpleSwap Loyalty Program offers users to progress through four BTC cashback levels (Bronze, Silver, Gold, and Platinum) by gradually increasing their exchange volume, thus unlocking higher cashback percentages with each level achieved.
  • Once a user reaches a level beyond Bronze, they retain that status indefinitely, even if their future exchange volumes decrease.
  • SimpleSwap makes it easy to earn BTC 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 BTC cashback percentages.

In this guide on the SimpleSwap's Loyalty Program, we'll show you how your exchanges can unlock rewards at four levels (Bronze, Silver, Gold, and Platinum), earning you BTC cashback along the way.

You can also check out our video tutorial on how to earn BTC making exchanges on SimpleSwap.

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 Bronze level. 

Loyalty Program Levels

simpleswap-loyalty-program-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.

Say, you signed up with SimpleSwap and your first exchange accounted for 0.1 BTC. You automatically received 0.05% cashback thanks to the Bronze level. Two months later, you traded the same amount (0.1 BTC), so now your total is 0.2 BTC within the last 90 days. 

Another 2 months later, you come back to make an exchange. Your first exchange was not within the 90-day period, unlike your second exchange. Your third exchange amounted to 0.2 BTC, so your total within the 90-day window became 0.3 BTC, so you received the Silver level. From now on, you'll receive 0.1% BTC cashback until you reach the next level. 

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

  • Level 1 (Bronze): 0 BTC
  • Level 2 (Silver): 0.25 BTC
  • Level 3 (Gold): 1.5 BTC
  • Level 4 (Platinum): 10 BTC

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.

BTC 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 0.006 BTC 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.

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