Bithumb Offers 11st Grand Shocking Deal Shoppers Up to 1 Million Points, Bitcoin Rewards

Bithumb is offering shoppers up to 1 million points during 11st's "Grand Shocking Deal" event. The virtual-asset exchange is also providing Bitcoin reward benefits through its existing partnership.

Bithumb said on Nov. 5 it will hold a random coupon event through Nov. 11 for members who spend at least 1 won on 11st. Users can apply on the event page in the 11st app regardless of whether they newly consent to the partnership.

Users who register a coupon code on the Bithumb app will receive between 100 points and 1 million points at random. The amount awarded can be checked upon registration, and the points can be used on Bithumb like Korean won.

Bitcoin rewards vary by member type. Existing Bithumb members who consent to the partnership will receive rewards equal to 1% of their purchases on 11st. Users signing up for Bithumb for the first time will receive a 10% reward rate, capped at 50,000 won ($36). 11st members consenting to the Bithumb partnership for the first time will also receive benefits worth 1,100 won ($0.80).

Accrued rewards can be checked two days after a purchase is confirmed. Users can receive them in Bitcoin by selecting "Convert" on 11st's "Bitcoin Reward" page. To qualify for the rewards, users must complete know-your-customer verification on Bithumb and register a Korean won deposit and withdrawal account at KB Kookmin Bank.

A Bithumb official said the event was designed to make it easier for more customers to participate and experience virtual-asset trading. Customers can also accumulate Bitcoin while buying products they need, the official added.