What Is Ethbates?

Ethbates in a new online shopping platform that is similar to portals like TopCashback and Ebates. The platform issues cash backs. The concept of cash back refers to an incentive program where companies pay users small percentages of cash rewards for each purchase that the user successfully completes.

However, on Ethbates, instead of receiving cash back for the online shopping, the user will earn cryptocurrency in form of Ethereum or Bitcoin for each purchase they make from the retailers or stores featured on Ethbates. Ethbates will offer the users with the Buy tokens and each of the tokens is worth 0.1 cents. Users can convert their tokens to bitcoin, Ethereum, or Amazon gift cards.

To begin earning cryptocurrencies, users will have to find a store on Ethbates and click on “Go to Store and Earn Crypto.” Shopping on Ethbates is the same way the user normally shops on other portals and the products vary depending on the retailers. Once the user has placed all the items they want to purchase in the cart, they should proceed to checkout and pay for the products.

After the transaction is completed, the users will receive Buy tokens in the crypto back amount stated during shopping. The Buy tokens will reflect on the user’s account 72 hours after the item is shipped to the user.

The payment can be withdrawn in Bitcoin, Ethereum, XRP, BUY, or Amazon Gift Cards. If the users decide to withdraw the Buy tokens in form of cryptocurrency, they will have to provide a cryptocurrency address during the withdrawal process. If they opt to withdraw the tokens in form of Amazon Gift Cards, they will be required to input their email address during the withdrawal process.

However, to qualify for the payment, the user’s Buy balance must be more that 20000 Buy or 20 USD at the end of the posting period.

Ethbates enables users to shop on some of the major retailers such as Amazon, eBay, Nordstrom, Target, Walmart, Sephora and many more.

Ethbates offers competitive crypto back rates compared to other shopping platforms. For example, for any eBay purchases, the user will receive 6% back while at Sephora and Nordstrom Rack the crypto back guaranteed is 10% and 12% respectively.

Apart from earning cryptocurrency through shopping, users who sign up through a referral will automatically be credited with 5000 Buy tokens, which are equal to USD 5. Additionally, users have the opportunity to earn 25% referral commissions for simply referring other users on the platform.

Compared to other shopping portals that only offers cash back payments in one form of currency, which is usually fiat, Ethbates will enable its users to receive payments in either cryptocurrencies such as bitcoin and Ethereum or amazon gift cards.

Another beneficial feature on Ethbates is the fact that users could also use coupon codes on the shopping platform to help them save more on their purchases.

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