Best Crypto Exchanges to Earn Extra Cash in a Volatile Market

A volatile crypto market might seem like a strange time to open a new exchange account. However, many platforms now offer multiple ways to earn more money while you wait for the market to level out: cashback rewards, no monthly fees and high APYs — sometimes with rates that beat your bank account.

So let’s look at some of the best crypto apps with bonus rewards to get you earning more cash right now.

OKX

Robinhood Crypto

Crypto.com

Why open a crypto exchange in a volatile market?

Besides the opportunity to earn bonus cash, there’s another good reason to consider setting up a crypto account.

Opening this type of account can take longer than at other financial institutions. Legitimate crypto exchanges require you to complete a process called Know Your Customer (KYC) that verifies your identity. Then, there’s funding the account. Both of these processes can take days — sometimes weeks.

When the crypto market takes off, it often does much faster than traditional investments. Opening your account now positions you to jump on the opportunity rather than spending days or weeks missing out on potential profit.

Ways to earn extra cash in a crypto account (without trading)

Outside of trading, many platforms now offer multiple ways to earn more cash or free crypto.

• High APYs on parked cash. Many platforms pay competitive interest rates on idle balances, meaning you can earn yield just by holding funds in your account without actively investing.
• Cashback credit cards. Some crypto platforms offer debit or credit cards that give you a percentage of your everyday spending back in crypto or cash rewards, turning regular purchases into passive earnings.
• Staking your coins. Certain cryptocurrencies let you lock up your holdings to help run the network, and in return, you receive regular rewards, similar to earning interest.
• Signup and referral bonuses. Platforms often offer cash or crypto incentives for opening an account, making a deposit or inviting others, providing an easy one-time boost to your balance.
• No monthly fees. Some accounts eliminate maintenance or subscription fees, which effectively increases your net earnings by reducing ongoing costs.

Once you become an experienced crypto trader, you can earn even more passive income through airdrops, forking and DeFi farming.

Bottom line

Opening a crypto account while the market is volatile could actually work in your favor. You can earn bonuses now and be ready to jump on the market if it rebounds.

Don’t see the right exchange for you? Check out our Best Crypto Exchanges list for even more options.

To make sure you get accurate and helpful information, this guide has been edited by Matt Miczulski as part of our fact-checking process.

Written by

Holly Jennings

Deputy Crypto Editor

Holly Jennings is the deputy crypto editor and updates writer at Finder, working with writers across all niches to deliver quality content to readers. She’s edited hundreds of financial articles ranging from credit cards to investments. With empathy at heart, she especially enjoys content that breaks down complex financial situations into easy-to-understand information. Prior to her role at Finder, she collaborated with dozens of small businesses to maximize the reach and impact of their blog posts, website copy and other content. In her spare time, she is an award-winning author for Penguin Random House, writing about virtual reality worlds, magical girls and lasers that go pew-pew. See full bio

Holly's expertise

Holly has written 43 Finder guides across topics including:

• Cryptocurrency
• Digital assets
• Investments
• Personal Banking