With the launch of our first product, crypto cashback shopping, the crypto market now has a way of introducing and onboarding new participants into the new economy in a manner that is frictionless, risk-free and of a net benefit.

Frictionless

Coinbates is a way for people to ease into crypto.

With Coinbates’ crypto cashback, we embed the distribution of crypto into a commercial activity that more than 220M people participate in every year in the United States alone: online shopping.

70% of the United States population engages in e-commerce, with this group on track to spend more than $500 billion online this year.

Crypto cashback shopping at Coinbates does not require anything to be installed, and an account is free to setup. Users simply click through to our participating merchants from our merchant catalog, complete a checkout with credit or debit card as they normally would, and they’ll get a percentage of the purchase back in the crypto of their choice.

Now grandma can get into Bitcoin, too.

Riskless

Because of Coinbates, people can now enter into crypto without taking on any financial risk.

Our business model is simple. Merchants pay us (in fiat) a commission on sales from customers that we send to their e-commerce websites. We then take a big portion of that, transform it into crypto, and give it back to our users.

In doing this, Coinbates adds fiat liquidity to the crypto markets, while stimulating crypto use among consumers, all at no added cost to them.

Net benefit

Coinbates offers a perennial attractor: savings.

Each time someone uses the Coinbates merchant catalog to get crypto cashback, they’re walking away from the transaction with crypto that is essentially a discount on a purchase. The fact that our core product produces savings for people, means it will never go out of style, boom or recession.

Supporting crypto cashback in these 12 digital assets

We built the crypto cashback product not only for people new to crypto, but also for crypto-enthusiasts like ourselves to have another way of getting our favorite coins and tokens.

As stated in our Mission post, we believe that crypto is about the freedom of choice, and that’s why we’ve decided to support multiple cryptos for crypto cashback.

Here are the 12 coins that we are supporting at beta launch: Bitcoin, Ethereum, BATES Tokens, Litecoin, Monero, Nano, Binance Coin, EOS, IOTA, Bitcoin Cash, ZCash, and XRP.