Release the Kraken
# kraken referral promo bonus
Kraken currently offers several referral and promotional bonuses through its referral programs:
### **Kraken App Referral Program**
– **Bonus Amount**: \$20 USDG per successful referral.
– **Eligibility**:
– You must use the Kraken app to invite friends.
– Referees must sign up using your referral link, deposit funds, and trade within 30 days.
– Available in select countries, including the USA, France, and others.
– **Maximum Bonus**: Up to \$200 USDG (limit of 10 referrals).
– **Steps**:
1. Share your unique referral link via the Kraken app.
2. Your friend signs up and completes the required actions (deposit and trade).
3. Both you and your friend receive \$20 USDG each[^1_1][^1_4][^1_6].
### **Other Referral Bonuses**
1. **\$10 Bonus**:
– Earned when a new user signs up via a referral link, completes KYC, deposits \$100, and trades \$100 within 30 days[^1_3].
– Referrers also receive \$10 for each successful referral.
2. **Derivatives Referral Program**:
– Referrers earn 40% commissions on trading fees for 90 days after referees unlock Derivatives trading.
– Referees get a 5% fee discount for 30 days[^1_2].
### **Key Notes**
– Bonuses are subject to geographic restrictions and specific terms outlined in the Kraken app.
– Ensure referees meet all requirements (e.g., deposit amount, trading volume) within the specified timeframe to qualify for rewards.
[^1_1]: https://support.kraken.com/hc/articles/kraken-app-referral-program
[^1_2]: https://support.kraken.com/hc/en-us/articles/futures-referrals
[^1_3]: https://coincodex.com/article/62019/kraken-referral-code/
[^1_4]: https://blog.kraken.com/product/promotions/referral-program-returns
[^1_6]: https://www.kraken.com/referrals
—
via Perplextiy
Disclaimer – I have vested interest in Kraken. The journey of crypto or bitcoin equities journey is like level 7 to 11 side quest.
This may be akin to a brokerage exchange for equities like Fidelity, and similarly it is not FDIC ensured.
But it can be liquidated and withdrawn if you do not have your security settings smartly enabled.
So maybe a security deposit box – not FDIC insured.
Digital assets that do have insurance usually have partial insurance, because centralized exchanges usually do not have the UTXOs of the crypto assets (do most crypto assets even have UTXOs?)
Does Kraken show proof of funds on a merkle tree?
I’m not even sure what a Merkle Tree is – is that where money grows from?