There’s no need to rub your eyes! You read it correctly! We’re giving away $1,000,000 worth of cryptocurrency to celebrate our expansion into cryptocurrency trading! Are you looking to claim your piece of the million-dollar crypto pie and have questions? Well, then check out the FAQ below to learn more about our crypto giveaway!
For full terms and conditions, please refer to info.tastyworks.com/crypto.
New customers that open and initially fund a tastyworks account with $200 or more will receive $50 in cryptocurrency, OR initially fund with $2,000 or more and receive $200 in cryptocurrency. To be eligible for the crypto giveaway, you must enter CRYPTOGIVEAWAY21 in the referral code field when applying for an eligible account.
When participating in the crypto giveaway, you can choose between the following digital currencies after entering the CRYPTOGIVEAWAY21 referral code. If you do not indicate a preference after applying the referral code, then you automatically receive Bitcoin.
- Bitcoin Cash
All digital currency awards are fulfilled at prevailing market prices on a defined schedule and not at the time they are earned. As a result, due to market fluctuations, the value of your cryptocurrency award may be greater than or less than the original award value ($50 or $200) by the time the award gets delivered to your account.
Who is eligible for the crypto giveaway?
- NEW CUSTOMERS ONLY (US Residents)
- Existing customers, please refer to Am I eligible for the Crypto Giveaway if I am already a tastyworks customer? below.
- Must be 18+ when you open the account
Who is not eligible for the crypto giveaway?
- International customers
- Due to state and local laws, US residents residing in New York or Hawaii are not eligible*.
*Crypto trading and the giveaway are not available (yet) for customers who reside in New York or Hawaii. We hope to expand our reach to these remaining states as we gain regulatory approval.
What account types are eligible?
- US-based Individual (cash or margin)
After your account is opened and approved, you must enable Cryptocurrency Trading on your account to fully be eligible for the crypto trading and to receive the giveaway. For instructions to enable crypto trading on your account, please click here.
What account types are not eligible?
During this initial rollout period, joint and entity accounts will not be eligible for the Crypto Giveaway. IRA and Trust accounts are precluded altogether due to tax (contribution) rules. Furthermore, these account types (also listed below) will not be eligible for cryptocurrency trading until further notice due to initial limitations and restrictions.
- Joint (cash or margin)
- LLC, Partnerships, S-Corp, C-Corp (cash or margin)
- Trust Accounts
New customers that register with tastyworks who open and fund with an eligible amount from December 7, 2020, to June 30, 2021, or when the $1 Million worth of crypto is given away, with the referral code CRYPTOGIVEAWAY21 are eligible. You must enter the code when you register with tastyworks when completing a trading account application. If you are a new customer and forgot to enter the referral code, then please click here.
After applying the code and making a deposit, do I need to do anything else?
The last step to receive your cryptocurrency giveaway is to apply for crypto trading to your tastyworks trading account. Once crypto trading is released, you will be able to enable crypto trading by logging in to your account at manage.tastyworks.com>My Profile>Trading Preferences. For instructions to enable crypto trading on your account, please click here.
Can I choose which digital currency to receive?
Of course! After entering CRYPTOGIVEAWAY21 into the referral code field, you can choose your cryptocurrency preference, as illustrated below.
When can I expect to receive my crypto giveaway?
New customers that open an account and make an eligible deposit or account transfer (ACAT) from December 7, 2020, to June 30, 2021, and apply CRYPTOGIVEAWAY21 to their account will receive their digital currency bonus within 5-10 business days after enabling cryptocurrency trading on their account. Don’t forget to enter the code, select a crypto preference, and enable cryptocurrency trading to ensure timely delivery!
For existing customers please refer to Am I eligible for the Crypto Giveaway if I am already a tastyworks customer? below.
How can I still participate if I forgot to enter the CRYPTOGIVEAWAY21 referral code when applying?
If you did not enter a referral code when you initially applied to tastyworks and did not fund yet, you can still enter CRYPTOGIVEAWAY21 by logging in to your account manage.tastyworks.com then scroll down to the Referral section. You may enter the code in the referral code field beneath the Generate Your Referral Link button, as illustrated below. For instructions, please click here.
After entering CRYPTOGIVEAWAY21 and submitting the code, an Award Preference button will appear beneath the referral code field, where you can choose your preference. If you do not indicate your Award Preference after entering the code, then you will receive Bitcoin by default.
Finally, choose Cryptocurrency from the Award Preference dropdown and then select your Cyptocurrency Preference preference from the dropdown menu and click Update Award Preference.
If I haven’t received my crypto giveaway yet, can I change it to a different digital currency?
Yes, you may as long as our promotions department has not filled your crypto order. To change your cryptocurrency preference, scroll down to the referrals section after logging in at manage.tastyworks.com, then click the Award Preference button.
Am I eligible for the Crypto Giveaway if I am already a tastyworks customer?
For existing customers to be eligible, you must enable cryptocurrency trading on your account between February 3, 2021, to March 3, 2021, and place a single $50+ crypto trade (before commissions) to be eligible. Your $50 crypto kickback will base on your first $50+crypto trade. All digital currency awards are fulfilled at prevailing market prices on a defined schedule and not at the time they are earned.
Your crypto kickback will generally post to your account within 5-10 business days of your first crypto trade. As a result, your $50 crypto kickback may be valued at greater than or less than $50 by the time it is delivered to your account due to market fluctuations. A 90-day withdrawal hold for the award value ($50) will be placed on the account. Existing customers will be able to keep the award value after maintaining their account for 90 calendar days after receiving their crypto kickback.
During this initial rollout period, any existing entity or joint accounts are precluded from the crypto giveaway and crypto trading until further notice. To view our official Terms and Conditions for the $50 kickback, please click here.
If I initially funded below $2,000 and already received my $50 crypto bonus, can I make an additional deposit to receive the $200 crypto bonus?
Your initial deposit determines your designated crypto bonus. If you, for example, made a $500 deposit and already received your $50 crypto bonus, then you will no longer be eligible to receive the $200 crypto bonus (and receive the $150 difference) by making an additional $1,500 deposit.
I received my stock/option award but didn’t sell it. Can I change to the crypto giveaway?
Unfortunately, if you already received your stock or option award, we cannot “refund it” and grant a crypto award to your account instead. However, as an existing customer, we extend $50 in crypto after making your first crypto trade. Please refer to Am I eligible for the Crypto Giveaway if I am already a tastyworks customer? above.
Can I stack or use multiple promotions?
This offer is not valid with or in combination with any other offer or promotion. However, If you already entered a referral code and did not fund your account yet, please reach out to our support team at email@example.com.
Can I still participate if I opened a tastyworks account before the crypto offer but never funded my account?
Customers that opened a tastyworks account before the offer period (before December 7, 2020) and never funded it may participate. Before funding, please enter CRYPTOGIVEAWAY21 into the referral code field and then reach out to firstname.lastname@example.org to process your request. For instructions on entering a referral code, please click here. Only customers that do not have any existing and funded tastyworks accounts may participate. If you are an existing customer, then please refer to Am I eligible for the Crypto Giveaway if I am already a tastyworks customer? above.
If I already received my crypto giveaway, can I change it to a different digital currency?
Unfortunately, once your crypto giveaway is delivered to your account, it cannot be swapped for a different digital currency.
Can the value of the crypto award apply to my minimum deposit?
No, a deposit or account transfer of $200 or $2,000 or more into an eligible account type is required.
When can I sell the awarded cryptocurrency?
You may sell your awarded crypto immediately. However, to keep the value of the cryptocurrency giveaway, then you will need to maintain your account with your eligible deposit for 90-days from the time you received your crypto giveaway. Losses will not impact your eligibility to keep your crypto award or the award value.
When does the 90-day account holding period start?
On the day the crypto giveaway lands in your account. You must maintain your account with your eligible deposit for 90-days from the time you receive your crypto giveaway.
When can I withdrawal the proceeds from the sale of my crypto giveaway?
All accounts that receive a crypto award must hold their account with their eligible deposit for at least 90-days from the date of delivery. After the 90-day holding period, you will be able to withdraw the value of your cryptocurrency award.
Will I be penalized If my account drops below the minimum deposit levels ($200 or $2,000) from trading within the 90-day holding period?
Account value fluctuations due to trading losses will not affect your eligibility to keep your crypto award.
What happens if I need to pull out my eligible deposit before the 90-day holding period?
You are more than welcome to withdraw funds whenever you wish. However, if the withdrawal takes away from your eligible deposit, your account is subject to an award reversal. For example, if you make a minimum deposit of $2,000 to receive $200 in cryptocurrency and withdrawal half of your account balance, your account is potentially subject to an award reversal.
If I sell my crypto giveaway on the day I receive it, will it be a day trade? Do day trading rules apply to cryptocurrency?
Cryptocurrencies are not securities and are not subject to day trading rules. As a result, closing your crypto award on the day you receive will not count as a day trade. However, one thing to keep in mind is that your cryptocurrency account is held in a separate account (similar to futures). Generally, the proceeds from any sale will sweep back into your securities account the following trading day. Due to the separation of accounts, you will need to keep in mind if you decide on day trading securities in a cash account as the crypto sale proceeds are technically not settled in your securities account.
Will I receive a trade confirmation for my crypto giveaway?
Trade confirmations will not be issued for crypto giveaways.
Will the value of the crypto be applied to my buying power?
No, they are fully paid for and non-marginable.
Can I transfer my crypto giveaway internally to a different tastyworks account?
Cryptocurrencies are not eligible for internal transfers. If you meant to open a margin account instead of a cash account, or vice versa, then the crypto giveaway must remain in the original account (if not liquidated).
Can I transfer my crypto out of my account?
Due to the separation of accounts, cryptocurrencies are not eligible for account transfer via ACAT.