• expired

Sign up, Complete KYC, Deposit A$200 for Bonus A$2 (Repeat up to 10×) No Purchase/Trade Required to Withdraw @ Elbaite Crypto

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How it works

  • Sign up via the Deal Link.

  • Complete account creation and ID verification.

  • Add $200 AUD or more to your Elbaite account. You get $2 AUD instantly to your balance - the reward triggers on funding, no purchase/trading required. (You can reuse the same $200 to trigger the reward again).

  • Repeat up to 10 times per account (max bonus $20 AUD). Note: platform withdrawal minimum is $20.

Example loop

  • Add $200 → earn $2
  • Cash out $202, then re-add $200 → $2 earned again
  • Repeat up to 10× per account

Key info

  • Promo only applies if you sign up via the URL (auto-activates; viewable in Reward Hub page in platform).

  • Promotion ends 01/09/2025

  • No purchase or trading required.
  • 10 redemptions max per account.
  • Bonus paid in AUD to your Elbaite account balance.

Funds are withdraw-able to your linked bank account. Some banks may place a once-off 24h hold on your first transfer - this is normal. We advise funding via PayID.

Sign up & redeem here

Questions? Issues or need help? Drop them below and I will get to them right away.

Who am I? Chris - Chief Master Elbaiter @ Elbaite.com

Elbaite Referrals

Referral: random (18)

$10 credit for referrer and referee.

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closed Comments

  • How much ID is needed for verification?

    • Hey! You just need a driver’s licence or passport plus a quick selfie check. Same deal as other Aussie exchanges. If you get stuck, ping me here and I’ll help. - Chris

  • So only for new customers, not existing customers.

    • +1

      Hey there, just sent you a DM. I will apply this promo to your account directly. - Chris

  • Any chance I could get this one added for me too please?

    • Hey - yep can do of course. Sent you a DM!

    • Me too please 🙂

  • +4

    The value / effort equation is off here,
    put simply, too much effort for the potential payout.

    • Thanks for the feedback! Totally fair that $20 on us isn't for everybody - we're keen to offer up a sweetener to give our platform a go with low commitment. If you change your mind and need any help feel free to DM me. :)

  • +1

    word of warning with Krypto in general, first time i used a new crypto exchange NAB locked my internet banking and i had to ring up their fraud team to unlock. So recommend doing it during business hours just in case.

    • Hey thanks for the input and yep can agree here that Aussie banks can be really unreliable with crypto. PayID generally is far more reliable when it comes to funding accounts for crypto, and neobanks like Ubank and UpBank are more crypto friendly.

      Who do you bank with now for crypto?

  • how long does the cashout take, if you want to do it 10x over, I hope it can be fairly instant?

    Email states

    Funds will appear in your bank account within 24 to 72 hours after the processing is finalised.

    Is this a manual process?

    • Hey there, transfers should be fairly quick after your first one which may have a hold on it from your bank. Quite a few people from OZBargain completed the entire loop (10x redemptions) within 1 hour of their first transaction clearing. We recommend you use PayID if possible, this is typically the most reliable! DM me if you run into any issues. Thanks!

  • May I ask how long does it take for cash in to be progressed?

    • +1

      Hey there, transfers are typically quite quick after your first one which may be held by your bank. Looking at the transactions since yesterday, other OzBargain members were able to do the full loop (10x redemptions) within 1 hour of their first transaction clearing. Feel free to DM if you have any issues. Thanks!

  • Easy $20

    • Thanks for taking part! 😎

  • Promotion ends 01/09/2025

    So OP if I signup tomorrow morning i.e. 01/09, do I qualify? or not really? Please advise.

    • I just did it this morning and I qualified.

      • Can confirm you can complete this until tomorrow morning.

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