What is a Deposit Bonus Offered by Crypto Trading Brokers?
There are billions of dollars being moved every day in the financial market. Equally, there are millions of traders free-floating, moving from exchange to exchange, depending on what the broker has on offer.
Some client-facing crypto trading brokers offer bonuses on deposits to attract new users and increase the amount available for the client to trade. As the name implies, they are bonuses, which vary between brokers depending on the promotional goals.
Overall, the idea of a trading bonus is, a new client will either receive a fixed amount or a percentage of the initial deposit amount.
In most cases, a deposit bonus is paid once dished out to new traders. Subsequent deposits don't, on some occasions, attract bonuses.
However, in some cases, the deposit bonus is reloaded, extended on depositing until a specific limit is reached. From there, the deposit amount is either reduced or discontinued. This type of deposit bonus promotion is known as reload.
New traders find deposit bonuses as necessary and attractive. The higher the bonus amount, the more they can trade bigger lot sizes.
CryptoAltum gives new clients a 50 percent bonus on their first deposit, and a 25% bonus on their second deposit.