ZoneBitcoin EditorialSatsback is a bitcoin cashback service that allows you to earn Bitcoin (BTC) simply by shopping online. This very easy-to-use platform offers you the opportunity to earn rewards in satoshi (fractions of bitcoins) every time you make a purchase from one of the thousands of Satsback partner merchants.
We have tried several cashback services and it turns out that of all the services this is one that we consider to be the most intuitive and profitable. We regularly make purchases from which we receive our bitcoin rewards. It's always nice, isn't it?
In this article, we will present our review of Satsback and how you can use it to earn Bitcoin cashback.
What is Satsback?
Satsback is a platform of cashback in Bitcoin which rewards its users with Bitcoins every time they make an online purchase. This is a certain evolution of traditional cashback and loyalty programs. Instead of receiving reward points or cashback in fiat currency (euro/dollars etc), with Satsback you receive Bitcoin.
By using Satsback, you will save bitcoin without making any effort! This is a great way to start accumulating Bitcoin, whether you are new to the world of cryptocurrencies or not.
Some offers do not allow you to collect satoshis but give you discounts on certain products and on certain offers.
How does Satsback work?
How Satsback works is quite simple. When you buy from a partner store, the Satsback extension immediately gives you a percentage of what you spent.
- For example, you spent €100 on the Adidas store then, for this you will receive 3 euros in bitcoin (because the cashback is 3%). At the time of writing, you will get around 10,500 sats.
Yes, the amount may seem insignificant to you but don't forget that after a year, it can represent a certain amount, and that's without taking into account that the price of bitcoin can also go up (or down). decrease, certainly). But, with the price of bitcoin on the rise, your accumulated rewards can turn out to become real small fortunes!
You will have to wait around 48 hours for the cashback to appear in your account in the “Pending Balance” section. You should know that you can accumulate as many satoshis as you want. You can withdraw them at any time and send them to a bitcoin wallet of your choice.
How to use Satsback?
Using Satsback is very simple and very intuitive. Here are the basic steps:
- Just you register on the site first with an email address by entering a password of your choice.
- You can download the extensions on the browser of your choice. You have the choice for Chrome, Firefox and even Safari.
- Each time you go to a site that is part of Satbacks partner stores, you will be told the amount of the bitcoin cashback that you will receive.
- You can also go directly through the selection of online stores on site and choose the one that interests you.
- Shop as you normally would.
- Immediately, you receive your Bitcoin rewards in your balance.
- You can withdraw them at any time without limits.
Satsback also offers a browser extension that automatically reminds you when you visit a partner store, so you never miss another precious satoshi. With a single click you can activate Satsback rewards. The extension is available for browsers known as Chrome and Brave, but also on Firefox and Safari.
How to withdraw your satoshis from Satsback?
When it comes to withdrawing funds from Satsback, there are two main options. You have the freedom to withdraw your funds at any time, and the process can be done either manually or automatically.
How to manually remove from Satsback
Withdrawing funds from Satsback is a simple process, which requires the use of a Lightning wallet compatibleas an BreezWallet or, The Wallet Of Satoshi (only if you are a beginner).
- Start by logging into your Satsback account. Access the platform using your login credentials to continue.
- Once in the dashboard, locate the payment option. This can usually be found in the interface, and clicking on it will take you to a new page.
- On the new page that opens, you will see a prominent green payment button. Click on it to reveal a QR code, which is essential to start the payment process.
- To receive your payment, you must scan the QR code with your Lightning wallet.
- Open your Lightning wallet of choice.
- Tap the Receive button at the bottom left.
- Make sure to select your Lightning address (1) and then click the scan icon (2) to open the camera scanner in the app.
- Using the wallet scan feature, capture the QR code displayed on the screen.
- Press the green Receive button to receive your Satsback cashback.
- You will receive the funds in your wallet within seconds.
How to automatically withdraw from Satsback
One of the most convenient features offered by Satsback is the autopay feature. This feature works by linking your lightning wallet address and flipping a switch. This way, whenever you have an available balance, the funds will be automatically transferred to your wallet.
Here's how to set up autopay on your Lightning Wallet:
- To set up autopay on your Lightning wallet, go to the Satsback dashboard and click My Account.
- Enable automatic payments (1), type your lightning address (2), verify it (3) and click Save changes.
- Now, whenever you have a payment available, your funds will automatically be sent to your wallet.
The autopay feature is an attractive aspect of Satsback, as it simplifies the process of sending your rewards.
By integrating your lightning wallet address and enabling this feature, you ensure a seamless experience where your winnings are easily sent to your wallet. This system not only promotes efficiency, but also takes advantage of the cost-effective nature of the Lightning Network.
What are the opinions and experiences of Satsback users?
User reviews on Satsback are generally positive as can be seen on review sites like Apollo for example.
Users love the platform's ease of use, the wide variety of merchants available, and the ability to earn Bitcoin by making purchases they would have made anyway. However, some users reported problems receiving their rewards when the site was launching. This can happen in beta versions of sites.
However, it is important to always check the terms of each offer and contact Satsback customer service if you have any problems.
Final word
In conclusion, Satsback is a great way to earn Bitcoin while shopping online, without requiring any effort. The extensions system has been very well thought out because it recognizes whether you are on a partner site or not and immediately tells you the cash back that you will get from it. Compared to other similar sites like Slice for example, it turns out that satsback turns out to be more convenient to use.
With a wide variety of merchants available and the opportunity to earn Bitcoin on every purchase, Satsback offers a great opportunity to start accumulating Bitcoin. This is all the more interesting if you are also looking to save bitcoin automatically.
Overall, we recommend Satsback to anyone interested in Bitcoin cashback. For the smartest, know that it is also possible to combine your cashback in bitcoin with cashback in fiat currencies as with igraal For example. Yes!
So, if you're ready to start earning Bitcoin with Satsback, click here to open an account and start earning Bitcoin rewards today!
FAQ
What is Satsback?
Satsback is a cashback platform that rewards its users with Bitcoins every time they make an online purchase at one of Satsback's thousands of partner merchants.
How does Satsback work?
Satsback works by rewarding its users with Bitcoins every time they make an online purchase from one of Satsback's thousands of partner merchants. Users simply need to register, browse available offers, click on a desired offer and complete their purchase on the merchant's website. Once the purchase is verified, users receive a percentage of their spend back in the form of Bitcoin.
Are there any fees to use Satsback?
No, there are no fees associated with using Satsback. The site is completely free for users to register, browse offers and earn cashback rewards. Satsback does not charge any fees or require paid plans for its services.
Who created Satsback?
Satsback was founded by Tom Chojnacki. The site is managed by the company Timechain Sp which is based in Poland. Timechain is a company that operates in the publishing and broadcasting sector on the Internet and web search portals, which demonstrates a certain expertise in the sector.
Are there any risks to using Satsback?
There are no risks in using Satsback because you don't have to spend on the site itself. You also don't have to spend anything to use the platform which is completely free.
Is the Satsback service free?
The service is free. Stores pay Satsback to attract new users and generate sales. Satsback converts this commission into Bitcoin, the best form of currency discovered to date, and shares the majority of it with you. So, even if Satsback makes a small profit each time you make a purchase, the service can remain free while respecting your privacy.
What are the other bitcoin and cryptocurrency cashback sites?
There are several sites and platforms that offer you bitcoin cashback and cryptocurrency cashback. Here is a non-exhaustive list:
- The The Bitcoin Company
- The browser Slice
- The sites of bitcoin cashback
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