Bithumb Partners With OK Cashbag to Offer Bitcoin Rewards on Everyday Purchases
South Korean cryptocurrency exchange Bithumb has partnered with mileage platform OK Cashbag to launch a rewards program that lets consumers earn Bitcoin on daily expenses. Starting October 14, participants can automatically accumulate Bitcoin whenever they collect points at affiliate merchants or through the OK Cashbag application without having to make dedicated trades or cash deposits.
The program offers tiered rewards based on membership status. Existing Bithumb account holders receive roughly $0.04 in Bitcoin for every 50 points earned, capped at about $0.07 daily and $2.20 monthly. New users get 100 times the standard rate, allowing them to collect up to around $7.30 per day and $36.60 per month. Additionally, users who execute at least one trade on Bithumb after opting in will receive 20,000 extra OK Cashbag points.
This initiative aims to integrate digital asset accumulation into routine activities such as grocery shopping, fueling vehicles, and entertainment. Looking ahead, Bithumb plans to expand both the selection of rewardable crypto assets and the network of participating retail partners. Bitcoin (BITSTAMP:BTCUSD) was recently trading down 0.44% at $81,210.
Key points
- Bithumb launched a rewards program with OK Cashbag allowing users to earn Bitcoin on everyday purchases.
- Existing members earn about $0.04 in Bitcoin per 50 points, capped at around $2.20 per month.
- New users receive 100 times the standard reward rate, with monthly rewards capped at roughly $36.60.
- Completing a trade on Bithumb after opting into the program yields an additional 20,000 OK Cashbag points.
- Bithumb plans to add more crypto reward options and expand merchant partnerships in the future.
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How we writeDisclaimerQuestions and answers
How does the Bithumb OK Cashbag Bitcoin rewards service work?
Users who opt in automatically earn Bitcoin rewards when collecting points at OK Cashbag affiliate merchants or in the app, eliminating the need to place separate buy orders.
What are the reward limits for existing and new Bithumb users?
Existing users earn about $0.04 in Bitcoin per 50 points up to $2.20 monthly. New users receive 100 times the standard rate, capped at roughly $36.60 per month.
How can users earn extra OK Cashbag points through Bithumb?
Users who consent to the rewards partnership and execute at least one trade on Bithumb receive an additional 20,000 OK Cashbag points.