The Offer
- TradeStation is offering a bonus of $150 when you purchase $500 or more in cryptocurrency and use promo code TSTVAFYH
The Fine Print
- Only new TradeStation Crypto accounts with the correct promotional code entered are eligible for this offer.
- To qualify, you must enroll by entering the promotional code on a new account application or request to enroll a new account, via telephone or email, with a TradeStation Representative.
- You must purchase at least $500 notional value of supported cryptocurrency assets, or initially deposit at least $500 notional value of supported cryptocurrency assets, within 45 calendar days of account enrollment.
- In order to qualify with deposited assets, the deposited assets must be from a wallet that is not maintained with TradeStation Crypto (assets transferred from an existing TradeStation Crypto account do not qualify).
- Asset value fluctuations (up or down) do not affect the calculation of qualifying assets.
- To qualify with deposited assets, minimum funding of $500 notional value of supported cryptocurrency must be maintained through the end of the next full month following the account funding date in order to qualify for the first payment of $75 notional value of Bitcoin (BTC) and through the end of the second full month following the account funding date in order to qualify for the subsequent payment of $75 notional value of BTC.
- For qualifying accounts, a reward of $150 notional value of BTC will be paid out in two monthly payments of $75 of notional value of BTC, with the first payment made by the end of the second full month following the date of purchase of supported cryptocurrency or the date of qualifying deposit of supported cryptocurrency and the second payment made by the end of the third full month following such date.
- Only one offer is available per client on one qualifying account.
- Rewards will be paid by deposit into customer accounts with TradeStation Crypto.
- The reward will not be paid if you close your account, if you are prohibited from making further trades in your account by TradeStation Crypto or if you are considered by TradeStation not to be in good standing (as a result of, for example, unauthorized or improper trading or account activity).
- Customers who receive promotional offers from any TradeStation affiliate may be subject to IRS Form 1099-MISC reporting requirements should the total value of those items exceed $599 in a calendar year.
- Please consult a tax professional. For purposes of this promotional offer, the U.S. dollar value of cryptocurrency assets purchased or deposited and the amount of BTC rewarded will be determined by TradeStation Crypto in its sole discretion based on valuation source(s) deemed reliable by TradeStation Crypto.
- The amount of BTC rewarded during a particular month will be based on a 60-day simple moving average price of BTC in U.S. dollars as of 5:00 pm Eastern Time on each day, calculated as of the first day of such month.
- This promotional offer is available only to persons who reside in jurisdictions where TradeStation Crypto is authorized to conduct business. Your account will be considered and approved or disapproved based on all relevant factors. Prices, fees, costs, and terms are subject to change. This offer cannot be combined with any other offers. Additional restrictions apply. TradeStation reserves the right to terminate this offer or change the terms and conditions at any time.
Our Verdict
They do support USDC meaning there is no real risk other than the fees. There is also a $150 brokerage bonus. It’s not clear if you can do both, there’s some discussion on this here. If anybody goes for both I’d recommend doing the brokerage bonus first then this one, as that seems most likely to work. We will add this to our list of the best crypto bonuses. Update: Looks like you can’t do both.
Hat tip to reader Michael
Left my BTC in since the promo and they auto liquidated 10 days before it hit an all time high 🙄
Forgot that I sold some remaining crypto in 2023 from this promo and got issued a 1099!
I’d have never known! Be sure to check
I just got an email that Tradestation is adding fees for crypto withdrawals. Gotta squeeze out the last few pennies in this boondoggle.
Do I have to buy Crypto or just make a deposit to qualify? I am a little confused. please halp.
TradeStation Crypto is not available in all states.
https://uploads.tradestation.com/uploads/us-states-where-tradestation-crypto-is-licensed-or-permitted-to-do-business.pdf
Cross posted.
Opened 11/9/21, funded $500 for USDC a week later.
$75 BTC paid 1/7/22
$75 BTC paid 1/3/22
I wonder when I can safely close…
Does the new promo available to existing equities members?
I opened an equity account under the $150 promotion, when you deposit $500 or more into a new TradeStation Securities account.
New promo available to new and existing equities members. I think existing equities members just have to not have had a crypto account and then open one. https://www.tradestation.com/promo/try-us/
$10 in crypto for an approved account, then it’s:
…$200 for depositing ……..$5,000 (32% IR)
…$500 for depositing ……$10,000 (40% IR)
$1,000 for depositing …$100,000 (…8% IR)
$2,500 for depositing $1,000,000 (…2% IR)
If you fund your new TradeStation Crypto account with an initial one-time deposit of at least $5,000 notional value of supported cryptocurrency assets, or if you fund a new or *existing TradeStation Securities, Inc. (“TradeStation Securities”) equities account* that you use as a source to fund your crypto purchases with an initial one-time deposit (in the case of a new equities account) or new one-time deposit (in the case of an existing equities account) of at least $5,000 in cash (referred to as a “Funding-Based Reward”), then you are eligible for a larger reward as described below.
All rewards will be paid by deposit into your customer account with TradeStation Crypto (if your reward is paid in cryptocurrency) or with TradeStation Securities (if your reward is paid in cash) within 45 days following the qualifying event that determines the reward type
Phone rep and chat rep both said only one promo per Tradestation account, so hopefully this is still around when I get the bonus and close out the brokerage account.
Hmm, does that mean if you’re an existing user you can’t do this deal if you’ve done a promo before?
It appears. I would chat them to confirm if the promo was done a long time ago. I got a bonus, closed, opened under the brokerage bonus, and they confirmed I was in progress for that one
I had an account in the past that has been closed in 2020. What is my best course of action for these bonuses of $500 with a $10,000 deposit and/or $150? Also, I don’t see where it says the timing of the bonus payment and how long you must keep the $10,000 bonus or even keep the account open.
I see now the payout is in 45 days.
That’s the payout date. It’s unclear how long you need to actually have the funds in. Likely the above deal is better than the deal on this page
I feel it’s less likely to stack these offers together. I tried the swagbucks link (currently $30), and the promo code was prepopulated in the registration page.
Told me the same thing. Only one promo per individual. Saved me depositing $10k into equities account for crypto bonus. Would have tied up 10k for nothing! Received first $75 for equities account.
how tf do you open a tradestation equities account without having the crypto account already opened? cuz i never opened mine and i have it and not qualified for it anymore.
There’s a box you check in the application
Not sure why this offer still doesn’t get its own DoC entry….
Anyways, I couldn’t find anything in the terms that requires you to keep the fund in there, so I guess it can be withdrew immediately or after a few days?
Can we purchase and immediately sell off ?
no purchase necessary
Was unable to do the brokerage and crypto bonus even after filing a CFPB complaint.
What’d they say
Essentially that the terms say you can only have one bonus per account.