Why take rewards in crypto
Some people prefer a few dollars of Bitcoin to a gift card: it goes straight to a wallet they control, and they would rather hold it than spend it. TritonPass pays crypto rewards at the same rate as gift cards: 5,000 points for $5 worth, priced at the moment we send it.
What you need
- A wallet address you control, from an exchange account or a self-custody wallet app. Copy it; never type it.
- The right network. USDC exists on several networks. We send USDC on Base; send it to a Base address or it may be lost.
What it costs
We pay the network fee for every crypto reward, so the full value arrives. Small Bitcoin payments are sent in batches once a day to keep fees low; Litecoin and USDC on Base usually arrive within minutes of approval.
Three mistakes that lose coins
- Pasting an address from the wrong coin. A Bitcoin address is not a Litecoin address.
- Using a deposit address an exchange has since rotated. Check it before each redemption.
- Sharing your recovery phrase. Nobody, including TritonPass support, will ever ask for it.
Taxes
Crypto received as a reward is income at its value on the day you receive it, and selling it later can be a capital gain or loss. If your redemptions of every kind reach $600 in a year we ask for a W-9 and send a 1099.