Binance has been teasing people with their new reward system which rewards you to complete some tasks. In fact it started some times back and they do send regular teaser mails to me. I think, its a mass campaign to attract more users on their platform, but the reality is a bit different.
The first task was pretty easy, just click and they will give you a 20 USDT reward. Quite simple, isn't it ? But it's not something that you own. It's just a 20 USDT Trading Fee Rebate Voucher, valid for only 10 days. I have tried similar tasks earlier so I was not surprised. But the second task did fool me. I thought, that would be some real USDT and transferred #hive to my binance account ( transfer to deepcrypto8 with a proper memo key that you would get only from Binance after you try to deposit) to see if that gets me some free money.
And then that reward was unlocked and I was excited.
And claim that reward and here is what I got
Another useless 30 USDT Trading Fee Rebate Voucher. And both of them are valid for only 10 days. I am damn sure I am not using them. Instead I will have to now pay them a fee to transfer back my hive. You can't use these vouchers because they are trading voucher - applicable only if you are trading for another coin. Hopefully you learn from my mistake as said - Wise people learn from other's mistake.
And by the way I usually ignore their mails on these tasks, but today I logged into my account to have a referral code for one of my friend to sign in. He wants to invest INR 200000 in crypto, and wanted me to guide him. I have clearly told him that I am not knowledgeable on market and the only investment I have made is on #hive. But then he doesn't have any one else so he still want me to guide. So with this situation, I told him to invest on 3-4 different crypto coins , HIVE being one of them. So have a portfolio that would probably have ETH, HIVE, MATIC in equal amounts. And then sell off when the bull market comes. Right now he has all his USDT on WazirX and there also his account was locked , which I helped to recover. Now that they are available, I advised him to move it to Binance as he can buy/sell hive there. At least its much better than WazirX.
Do you have any advise on any other coin that is worth invest ? By the way this reward is only for Lite referral, they have two types of referrals : Lite and standard. And don't get fooled again, they do spell it out cleverly: 100 USDT cashback voucher!
But if you look at the actual promo its clearly told there :
However, the standard referral is going to get you some money, so you may use that.
Again up to 40%, but in reality its 20%. However, you can even create your own referral link by setting the commission ratio. I have created one that would benefit both as you see.
In case you want to use, here is the link : https://accounts.binance.com/register?ref=ECG8HW1E
It will get us something at least compared to a direct sign up.
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