How To Set Up Rewards And Withdrawal Amounts

Modified on Thu, 11 Aug 2022 at 07:00 AM

                                                

You can easily set up rewards and withdrawal amounts for users that want to withdraw the coins they earn on your site. 

                   

You can do this in the Earn settings section of your dashboard. 

                   

So start in your CryptoKit site dashboard and click on the “CryptoKit Settings” shortcut in the top navigation bar. 

                   

Next, click on the “Earn Settings” tab. And now click on the “Rewards Settings” tab. 

                   

CryptoKit generates crypto revenue through ads and other activities, so by simply choosing the revenue share here they system works out how much to reward your admin account with ads displayed and how much to share with your member. 

                   

A 30% revenue share for example, will mean for every $1 of ad income earned, the equivalent of 30 cents worth in the coin you’ve selected will be added to your members account, while the remaining 70% will be kept in your account. 

                   

The other setting you need is the minimum withdraw amount. Once members reach this reward they can submit a request for you to process and send their earned crypto. 

                   

I like to keep it to about $25 USD worth of whatever coin you’re giving away, which is enough to keep them visiting your site but not too much that they’ll feel it’s too hard. 

                   

For example, if we’re giving away Satoshi coin, if you buy $25 USD worth of Satoshi at the current price, you’ll get approximately 100,000 coins, so I’d set this at 100,000 Satoshi as the minimum withdrawal amount. 

                   

Once you are done setting up your revenue share percentage and minimum withdrawal amount, you are going to click on “Save Changes”. 

                                   

    

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