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What Is a Signup Bonus? Meaning, Types & How to Get Free Sign-Up Rewards
By Jupiter Team · · 3 min read
What Is a Signup Bonus?
A signup bonus is a reward offered to new users when they register on a service, app, or platform for the first time. These bonuses can come in the form of cashback, free credits, gift cards, or discounts, and are widely used to attract new users.
For example, when you join a fintech app, you might get ₹100 just for registering. Similarly, in the job market, companies may offer a signing bonus to new employees as an upfront incentive.
‘Signup Bonus’ in some of the Indian languages
‘Signup Bonus’ Explained like you’re a small kid
A signup bonus is like getting a little gift just for joining a new app. Imagine signing up and receiving ₹50, even before you do anything! Sometimes it’s real cash, sometimes points or credits. Some are instant, some need a few steps—but it’s always free stuff just for signing up.
Types of Signup Bonuses in India
Here are the common types of signup bonuses you'll come across:
Free Signup Bonus Offers (No Deposit Required)
Some apps offer signup bonuses without any deposit or spend, making them ideal for students or new users:
- Fantasy platforms like Dream11, My11Circle, and Winzo
- Investment apps like Upstox and Angel One
- Wallets like Paytm First Games
These typically require KYC or minimal app interaction.
Signup Bonus vs Welcome Bonus: What’s the Difference?
While these terms are often used interchangeably, there is a difference:
- Signup Bonus: Immediate reward after registration
- Welcome Bonus: Includes signup and future bonuses tied to actions like deposits or transactions
So, every signup bonus is a welcome bonus, but not every welcome bonus is immediate.
Cashback vs Free Credits
- Cashback gives you real money or wallet balance.
- Free Credits are only usable within the app and might expire.
How to Withdraw a Signup Bonus Instantly
To instantly use or withdraw a signup bonus:
- Complete full KYC
- Fulfill activity like making your first transaction or referral
- Check if the app allows withdrawal of the bonus, or if it's locked to in-app use
Always read the terms and conditions carefully to avoid missing out.
Common Terms and Conditions to Watch For
Before claiming your bonus, always check:
- If KYC is mandatory
- Withdrawal rules and lock-ins
- Minimum usage or transaction requirements
- Expiry date of the bonus
FAQs About Signup Bonuses
Q1. What is a signup bonus?
A signup bonus is a free reward, usually in the form of cash or credits, given when you register on an app or platform for the first time.
Q2. Is a signup bonus the same as a welcome bonus?
Not always. Signup bonuses are typically instant, while welcome bonuses may include rewards after actions like making a purchase.
Q3. How can I get a signup bonus without deposit?
Look for apps that offer no-deposit bonuses—like fantasy sports, trading apps, or digital wallets.
Q4. Can I withdraw a signup bonus instantly?
Some platforms allow this after KYC or basic activity, but others may lock the bonus until certain conditions are met.
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