How Venezuelans Can Earn Dollars & Bitcoin With Cinchbucks
by Helen R. Peacock, News Editor
Published in News on 24/10/2019
Recently Cinchbucks has grown a huge user base from Venezuela. Perhaps that should be no surprise, since we're providing real opportunities to earn United States Dollars in a country currently stricken by economic difficulties and inflation.
To put things into perspective our standard prize is $20, which is approximately the average monthly income in Venezuela. As a company we therefore feel an ethical responsibility to address our Venezuelan users directly to offer the best advice we can.
I don't feel it's our place to comment on the politics or reasons for the economic problems in Venezuela, other than to say that we at Cinchbucks are extremely sympathetic to the plight of ordinary Venezuelans right now. We are prioritizing the sending prizes to all those users who deliver value through our platform, including free Bitcoin, free PayPal money and barterable items like gift codes. We know life and death may depend on it and I can confirm that prizes have been sent to some of our users based in Venezuela.
Why Offers Aren't Converting Easily For Venezuelan Users
Essentially every user has a commercial value to advertisers. Users from countries with strong economies like the United States, United Kingdom, Canada, Australia and Northern Europe are far more valuable to advertisers than countries going through severe economic problems and social turmoil.
That's the reality and we're going to be honest with our users about that. Therefore, if you are currently using Cinchbucks in Venezuela, you should carry on reading - because I will explain exactly what you need to do to earn regular prizes with this website.
Multiplying Your Commercial Value With Referral Points
We designed Cinchbucks to give anyone with an internet connection the ability to earn prizes, regardless of where they live. However, users need to understand what value they have and then focus on those areas. In the case of users from Venezuela your value currently lies in recruiting users from countries that advertisers are interested in.
We award referral bonus points, for every real account that you recruit, of between 1 and 10 points. This means that to earn 3000 points you need to recruit a maximum of 3000 users to our platform. However, it might be far less than that if you can recruit users from the United States who will complete offers and earn you the equivalent of 10% of whatever they earn.
That number of referrals might sound like a lot, but really it isn't as difficult as you might think. Our landing pages have over a 65% sign up rate.
That means if you can get approximately 150 new users to visit us through your referral links per day, then you should have a strong opportunity to earn $20 per month.
We provide detailed methods in this blog that will teach you how to recruit users with your referral links. Some methods are more effective than others so try different things to see what works, or even invent your own ways of driving potential users through your referral links. We also have support staff that will advise you and give you whatever additional help we can:
- How to get referral points with Quora
- How to get referral points with Facebook
- How to get referral points with YouTube
- How to get referral points with Reddit
Finally, I want to send our users from Venezuela our best wishes from the Cinchbucks team!