As we know by now, Bitcoin is the first-ever cryptocurrency. It was created in 2009 by Satoshi Nakamoto. Since then, there have been many ups and downs in the price of Bitcoin. But now, Bitcoin is quite big. It is worth about $1.1 trillion. If we were to compare it with the market cap of publicly listed companies, it would be the eighth largest company in the world.
Bitcoin is more like Gold or any fiat currency, like USD or INR. We can exchange Bitcoin for goods, we can transfer Bitcoin, we can use it as a store of value, and many other things. Bitcoin is more portable than Gold, more durable than fiat currencies, and has even better divisibility than both of them. Bitcoin has been established as a currency now and it is a no-brainer to have some Bitcoin
You might be spending your money on various things every day, like groceries, fashion, electronics, entertainment, jewelry, etc. You might be getting discounts and cashback on your purchases across some platforms. How would you feel if you got some cashback on all of your purchases? That would be amazing, right? Exactly. With GoSats, you can earn cashback on all your spending. Let's know more about it in this article.
What is GoSats?
GoSats is a rewards app that provides you Bitcoin as cashback every time you shop. There are no restrictions on using the Bitcoin that you earned as cashback. You can withdraw the earned Bitcoin to your own wallet. Each Bitcoin can be divided into 100 million parts and each part is called a Satoshi or a Sat. So, basically, you earn some Sats on your purchases.
After you sign up on GoSats, there are multiple ways to earn sats on the GoSats application. They are:
Direct shopping
Go to the app. There are websites like Amazon, Flipkart, Myntra, etc, where you can directly shop. Select the website you want to shop on. You'll be redirected to the shopping app. Add the products, you want to purchase to your cart. Checkout and make the payment. Within a few days, your rewards will appear in your rewards section. Rewards are a bit delayed when you do direct shopping, as merchants have to confirm the rewards.
Brand vouchers
There are many brand vouchers available on the app. Every brand voucher has a different rate of reward. For example, a Makemytrip voucher will give you 2.5% rewards while purchasing an Uber voucher will give you 1.75% rewards. Vouchers are available in various denominations, starting from 500 rupees and up to 10,000.
GoSats Prepaid Card
GoSats has two different cards, Intro and Elite card. Both of them serve the same purpose. They are prepaid cards. You can load money into the card using any payment method. Then you can use the card just like a debit card. You can earn Bitcoin rewards on every payment you make through the GoSats card. The intro card will give you 0.5% rewards and the Elite card will give you 1.5% rewards on every payment.
Others
You can earn Sats through referral rewards. Whenever you refer a friend, you can earn sats worth Rs. 500, when they purchase something with their GoSats card. There is a spinner in the app where you can earn up to 10,000 sats every day but it is completely based on luck.
How to Withdraw your Bitcoin Rewards?
There are two ways to withdraw your Bitcoin. You can withdraw your Bitcoin to your Bitcoin wallet. Or you can redeem your rewards converted to rupees to your bank. You need a minimum of 30,000 sats and fees of 2000 sats to withdraw. The withdrawals will be processed on Wednesdays.
Advantages of Bitcoin Cashback
Bitcoin value appreciates over time. If you earn rewards in Bitcoin, your cashback could be worth more in terms of fiat currencies, if you hold your cashback for some time. Instead of earning cashback in rupees and spending it as soon as you withdraw it, you can save the Bitcoin rewards you earn from GoSats. This way you can really diversify your earnings.
Conclusion
GoSats is a unique app that offers Bitcoin rewards in India. Its user-friendly platform and wide range of partner brands make it a go-to option if you are looking to maximize rewards on your purchases. As you learn more about Bitcoin, you find GoSats even more appealing.
What are you waiting for, sign up for gosats today and start earning Bitcoin.
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