Financial institutions, digital card providers, and crypto exchanges have taken inspiration from traditional cashback and rewards structures, such as airline miles and loyalty schemes, to create reward programs that payout in cryptocurrencies. Crypto reward programs function similarly to conventional credit card reward schemes. Instead of earning points, cash back, or miles, users can earn their preferred cryptocurrencies, like Bitcoin, Ethereum, EGLD, or Dogecoin.
A crypto exchange allows crypto transactions to occur, enabling the buying and selling of digital currencies. Explore the differences between Centralized and Decentralized in our latest Guide.