Update 7/5/21: Deal is back, but only for new users. Existing user offer hasn’t been extended.
The Offer
- [New Tastyworks Customers]
- Direct link to new user offer
- Get $50 worth of crypto when you fund with $200
- or Get $200 worth of crypto when you fund with $2,000
- Referral Code: CRYPTOGIVEAWAY21 is required in the referral code field
[Existing Tastyworks Customers]Get $50 worth of crypto with your first $50 crypto tradeRequires enabling Cryptocurrency Trading
The Fine Print
- Full FAQ
- (Existing Users) First trade must be made in Bitcoin, Bitcoin Cash, Ethereum, or Litecoin
- (Existing Users) Offer Valid: 02/03/2021 – 03/03/2021
- (Existing Users) Your crypto kickback will generally post to your account within 5-10 business days of your first crypto trade. As a result, your $50 crypto kickback may be valued at greater than or less than $50 by the time it is delivered to your account due to market fluctuations.
- Excludes: New York and Hawaii
- Excludes: Entity and Joint Accounts
- (New Users) Offer Valid: 12/7/2020 – 6/30/2021
- (New Users) The funds deposited to Qualified Customer’s account, plus the initial value of the digital currency received (less any losses on the digital currencies) are required to remain in Qualified Customer’s account for a minimum of three months starting the day digital currency is deposited into account
Our Verdict
Remember crypto trading is very volatile and you could suffer large losses on any open crypto positions.
For existing users, seems like a nice deal – a $50 trading bonus. One that should be approximately convertible to cash minus two trading fees [a buy and a sell].
For new users, you may want to consider the Tastyworks Brokerage Bonus instead (or possibly first).
(HT: ieatdogfood)
Has anyone churned this more than once with Tastyworks?
Davis 
gadget
I did it twice already and now planning to close the account and wondering about opening it again?
Thanks for the heads-up
Looks like promo extended to 10/31/21.
Offer valid 12/7/2020 – 10/31/2021
Extended to 9/30
.
I guess trading is not needed. If I deposit $2K in my new Tastyworks account and keep them as it is (without any trade) for 3 months, I should be eligible for a $200 crypto bonus and then can withdraw entire funds after 90 days, right? Correct me please if I am wrong.
I’m curious about tax implications of bonuses paid in crypto. I know that crypto gains are only taxed when sold (or losses, with the associated write-off). Is the initial $200 taxable as if it were paid in dollars, and then the gain or loss separately when sold?
Crypto gains/losses from trades are given the same tax treatment as capital gains are.
If you get a $200 airdrop, then your basis would be $200, but it would be taxed as ordinary income just like if a bank paid you a $200 signup bonus in fiat.
That’s what I thought, thanks
Not a bad time to get crypto. I’m holding many bags a lot higher. Come save me.
Don’t do deals where you have to put significant capital compared to reward with companies that named like tasty works.
Just because you’ve never heard of the company doesn’t mean it’s iligitimate. I’ve been trading with tasty for over 2 years. IMO, it’s the Best retail options trading platform.
Lol if you think that’s significant capital.
Lol I know right 2k is just a normal weekend outing to Vegas poor people lol
You wouldn’t be doing the deal if 2k wasn’t significant capital.
CEO and Co-CEO founded thinkorswim, which is a respected broker. (Bought out by TD Ameritrade [schwab])
Get off your high horse smelly.
” Cryptocurrency accounts are not protected by SIPC coverage. Cryptocurrencies are not covered by the FDIC, which covers fiat currency.”
“Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). All customer futures accounts’ positions and cash balances are segregated by Apex Clearing Corporation.”
If you can’t stomach the risk, then this deal obviously isn’t for you.
Run back to the Hundred Acre Wood where Winnie the Pooh and SIPC can protect you from yourself.
I’m here trying to inform and help others. I didn’t post in order to trigger your hyper insecurity toward your financial decisions.
Ah, yes. Someone with zero experience trading crypto is trying to help others by telling them how risky and unprotected it is. Thanks for pasting words you copied off of a search engine. I think the hyper insecure one is you.
so as a new User all I have to do is open the account fund with $2k and wait 3 moths? or do you actually have to invest??