Lolli Review: Best Bitcoin Cash-Back Platform?
Lolli is a Bitcoin Cash-back site that’s been gaining a lot of attention recently — This article will go over the basics of what Lolli is and more importantly how it works, who it caters to, and if it’s even worth the bother/effort of using it.
To give a brief introduction, with Lolli you can make purchases at their partnered retailers from your web browser or mobile app and receive up to 40% cash back in Bitcoin — which sounds unreasonable and it is — for most retailers you’ll get between 4% (big name retailers) and 12% (most smaller stores lolli partners with). There’s only a few that offer more than that, generally VPN companies and different digital-product or services.
How does Lolli Compare to other cash-back platforms?
Lolli generally offers very similar cash-back to most non-bitcoin cash back platforms such as Shopkick or Swagbucks, but with way less issues in our experience with tracking the rewards as well as withdrawing the rewards.
Due to Lolli being very comparable if you’re bullish on bitcoin (think the price will go up over time) it’s probably the best cash-back platform for you, as rather than collecting a few dollars in cash back and having to wait months to withdraw it (once you reach $20 or whatever the minimum is for other cashback platforms) your bitcoin rewards will continuously grow as you wait to hit the minimum withdraw — which is $15 with Lolli.
To put this in perspective we earned $500 in cashback over the last 2 years using Lolli, and because we didn’t withdraw the cash back until recently those rewards grew to $1637 — which is amazing. We had no issues withdrawing those funds to our bitcoin wallet, so Lolli is legit in our opinion.
Maybe you won’t be spending enough to get that much in cash back, we had some business expenses that we got cash-back on which is why it was so high, but if you get $80 in cashback over that same timeframe it would have grown to $250+ during the same timeframe. That’s phenomenal — of course this can work against you in a bear market where bitcoin is losing a lot of it’s value.
Who should opt for using Lolli as their preferred Cash-Back Platform?
Lolli is only available to US residents (a bit unfortunate) and you must be over the age of 13 — which is great considering most cash-back platforms are available to anyone over the age of 18. Hopefully Lolli expands to allow non-US residents to use the platform in the future.
Anyhow, as mentioned before I’d say anyone who is bullish on bitcoin (thinks the price will go up over time) should use Lolli over other cash-back platforms as you’ll have rewards put directly in bitcoin upon a purchase, giving them the opportunity to grow before you request them to be paid out to you.
As Lolli is available both on Apple and Android phones as well as works through their website (for computer users) really there’s no reason not to use them if you believe the price of bitcoin will go up over time, especially the next year or two.
If you do want to join Lolli you can also get a $5 -> $10 signup bonus by signing up through a promotional link — you can do so by clicking here. You’ll need to use the platform to receive the bonus, so make a purchase through one of the retailers they offer bitcoin cashback on to get the bonus.
Who should opt to NOT use Lolli as their primary cash-back platform?
Really there’s only a few types of people who shouldn’t choose Lolli over other cashback platforms, these types of people are:
- People who do not believe in Bitcoin
I don’t know why you’re here, but if that’s you then get outta here obviously you don’t want rewards in bitcoin if you don’t believe in it.
- People who do not shop online or aren’t in the USA
As mentioned before Lolli is currently only available for people in the USA so if you are not you can’t use them — at least without using a vpn — and if you don’t shop online you simply won’t get any benefit.
- People who think bitcoin is going into a bear market and will go down over time
If you’re in this camp I can respect that, however I’d argue Lolli is a good way to DCA into the market and using them during a bear market and withdrawing next bull market is a great way to get into crypto. That’s how we earned $1500+ in rewards from Lolli, by using it during a bear market and withdrawing in a bull market.
If you aren’t one of those groups of people I don’t see why you wouldn’t prefer Lolli over all other platforms, as from our experience Lolli is a legitimate and honest company that does exactly what they advertise to do — give bitcoin cash back rewards.
Lolli Review FAQ:
Below we’ll go over some of the common questions we see asked about Lolli; if you have another question or two feel free to message us through our contact page and we’ll try to get back to you as soon as possible — and maybe add the question to the list below!
Where can you shop and earn Bitcoin back using Lolli?
As Lolli is in the USA it only offers payments through the retailers in which they partner with in the US, currently they have partnered in Udemy, Adidas, Groupon, Booking(com), Expedia, Purple, Verizon, Walmart, and tons of other online retailers — you can see the full list of something like 1000+ partners they offer cash-back with here.
Does Lolli offer and sign up bonuses or promotions?
Yes, you can go ahead and join Lolli by clicking here — it’ll take you to their website and should apply a cookie that’ll automatically apply a sign-up bonus of $5 -> $10 just for joining. Keep in mind you’ll have to use the platform to earn cash back to receive the bonus, and once receiving it you’ll still need to hit the withdrawal minimum of $15 to cash it out.
How do you cash out your Lolli Rewards?
Whenever you want to cash out your rewards you simply need a bitcoin withdrawal address or a bank account you can receive cash in, depending on which you prefer (bitcoin or US Dollars), and have at least $15 in your Lolli account.
Assuming you meet those requirements you simply submit the withdrawal request from the wallet tab in the Lolli app (or on their website) and confirm the withdrawal via email. Once you’ve done that you can expect the withdrawal to be complete within a week — it’s not nessecarily going to be same-day, so don’t worry if you don’t receive the funds for a few days to a week. That’s perfectly normal.
Can Lolli pay out rewards in cryptocurrency other than bitcoin?
Currently Lolli only pays out rewards in bitcoin, they have not announced any plans to support other coins. If that changes I’ll be sure to update this article if they begin paying in other cryptocurrencies such as ethereum or cardano.
How does Lolli the Company make money?
Lolli makes money by getting a small commission from the websites, usually 10% or so of what they offer you in cash back rewards — basically Lolli acts as an affiliate to these websites and gets a commission for referring you, then they pass the majority of it on to you as rewards while keeping a small amount for their self.
They also presumably (not sure if they do or not) lend out the bitcoin on their balance sheet (and in your Lolli wallet) earning interest on it until you withdraw it. They don’t need to sell your personal data to make money — they have plenty of other ways.
Lolli Crypto Cash Back Conclusion:
So there you have it, our review of Lolli — the best (in our opinion) bitcoin cashback rewards platform out there — If you want to take advantage of their $5 -> $10 signup bonus make sure to click here to use the promotional link they gave to us to share with our readers.
Full disclosure: While we were not paid or in any way coerced to make this review we do receive about $1 to $5 in bitcoin per signup I believe (depending on how much you earn in in cashback) if you use that promotional link — but that’s way less than other cash-back programs so don’t think we’re just saying these things for a few dollars in bitcoin.