Pei: Earn bitcoin from shopping and get 8% APR on your holdings

Quick Summary

Sign up with my link to earn $5 instantly for signing up. Get paid in bitcoin for shopping at places you already shop at like Target and Chick-Fil-A. Cash out when you get to $25 in rewards to Bitcoin, Paypal, or gift cards. If you cash out to their bitcoin wallet you earn 4% interest on your holdings but if you buy bitcoin from them at least monthly they’ll pay you 8%!

How to earn

It’s easy to earn cashback with Pei. You start an account, link your debit/credit cards, then you get paid every time you make a purchase with one of their partners. To the right, you can see a list of some of the places near me that pay cash back with Pei. You don’t even have to open the app after you set it up, it’s all done passively. The percent cash back varies from place to place but most are between 1-3% cashback but some pay up to 10%! These companies are basically advertising on Pei‘s platform and give you cash back as an incentive to shop at their businesses and you get rewarded for basically free. I mean you are spending money at their business but you were going to spend money there anyway right?

Maximize earnings

As I mentioned earlier you earn 4-8% APR on your bitcoin holdings. There are 2 ways of doing this:

• Buy stuff and get cashback until you reach $25
• Buy bitcoin directly from Pei

When you buy bitcoin from Pei they’ll charge you a fee (about 2.25%) which is a little steep compared to Coinbase and other crypto outlets. The way that you negate this is to follow @get_pei on Twitter and buy crypto when they offer one of the cash back bitcoin purchases. When you do this, the bitcoin you buy will end up in your Pei bitcoin wallet and they will send your bonus bitcoin to your cash back earnings balance. They’ve offered between 10% to 50% cash back on bitcoin purchases so far and they do it multiple times a month too so make sure you keep those alerts on. The image at the bottom of the page shows their 4/20 cash back promo of 50% cash back.

To get 8% you’ll have to buy bitcoin with a subscription and pay a decent fee with each purchase. The best way to beat the fees is to set your subscription to $10 a month (that’s the minimum) so you still earn 8% on your total holdings and you’ll get charged minimal fees. When you see one of the cash back promos jump on it and get that bonus free bitcoin! Also every time you get that $25 threshold make sure you move it over to your wallet to get interest on it. It does NOT gain interest in the cash back rewards section, only when it’s in your wallet.

It’s free and risk free to do this but if you have any questions feel free to hit me up on Twitter @kornykory