GoSats Review: Earn Bitcoin Rewards in India

5.00 out of 5
(2 bitcoiner reviews)

GoSats prepaid card is India’s first card that rewards free bitcoin for shopping. The app features brands such as Flipkart, Amazon, Swiggy, Big Basket, Mama Earth, Dominos, Adidas, One Plus, Tata Cliq, ClearTrip and Myntra.

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Description

GoSats allows you to earn bitcoin as a reward for shopping with the GoSats app or making payments with the GoSats Bitcoin Rewards Card in India. There are no expiry dates or minimum purchase requirements. The app features more than 120 brands including the likes of Flipkart, Amazon, Swiggy, Big Basket, Mama Earth, Dominos, Adidas, One Plus, Tata Cliq, ClearTrip, and Myntra.

How to Get GoSats Card and How It Works

The brands on the platform pay a commission for bringing them customers and sales. GoSats takes that commission, convert it into bitcoin and pass it on to users.

The GoSats app is available for both Android and iOS devices, as well the GoSats Chrome extension. GoSats offers brand vouchers/gift cards of major brands including Uber, Starbucks, Grofers, BookMyShow, and others on the app where you get instant bitcoin rewards every time you make a voucher purchase. You can also share your referral link with your friends and family. When they sign up using your GoSats referral code, you both get 2000 sats on their first purchase.

After the payment is successful, a cashback of up to 20% (depending on the brand) is credited into the user’s GoSats bitcoin wallet. For GoSats withdrawal to your non-custodial wallet, you need to head over to the wallet section of your app and tap the withdraw button. Once you fill in and confirm your withdrawal details, the order will be processed in the next batch. All withdrawal requests are processed at 6 pm on Wednesdays. There are no fees on all your withdrawals.

What is the monthly limit for the GoSats prepaid card? The monthly limit for the GoSats prepaid card is Rs 10 lakhs, Rs24 lakhs yearly and Rs10 lakhs daily.

GoSats Card Eligibility

To be eligible for a GoSats card, you must:

  • Be at least 18 years old
  • Be a resident of India
  • Have a valid Indian PAN card
  • Have a valid Indian Aadhaar card
  • Have a valid Indian mobile phone number

You must also agree to GoSats’ Terms of Service and Privacy Policy. If you meet all of the above criteria, you can apply for a GoSats card online through the GoSats website or app.

How to Use GoSats Card

The GoSats Bitcoin Rewards Card is a prepaid virtual and physical card that allows you to earn bitcoin rewards on every INR transaction, whether it’s shopping or monthly payments. Because it is a prepaid card, it must be topped up using the app before it can be used. The card can be topped up through the GoSats app or UPI deposits through GPay, PayTM and PhonePe. The app supports all types of payments to load the card. Linking of accounts is not required. The card can be used for both online and offline transactions at any PoS device. At the moment, the card can only be used in India.

GoSats Card Benefits

There are two types of GoSats cards: the Intro Card and the Elite Card. Here are some of the benefits of the GoSats cards.

GoSats Elite Card Review

Compared to the Intro GoSats card, the Elite Card is a premium card, offering boosted rewards and higher returns. Expect the following benefits from the Elite Card:

  • Boosted rewards: Enjoy boosted cashback on vouchers and higher rewards compared to the Intro GoSats card with the Elite Card.
  • Visa Platinum benefits: Benefit from features like purchase protection and travel insurance (subject to terms and conditions).
  • Multiple brands: Earn rewards on purchases from over 100 partnered brands.
  • Lifetime validity: The card never expires.
  • No withdrawal fees: Withdraw your cash without extra charges.
  • Premium features of the GoSats Elite Card include:
    • Fixed reward percentage of 1.5%
    • Up to 100% reward on spends
    • ₹250 preloaded balance
    • 6% increased cashback boost on Myntra, Flipkart, Zomato, and Swiggy

GoSats Intro Card Review

GoSats Intro Card is not premium and is therefore more affordable. It comes with the following benefits:

  • 0.5% Fixed Reward Percentage
  • Up to 25% Reward on spends
  • ₹100 Preloaded Balance
  • 3.25% Increased cashback boost on Myntra
  • Boosted cashback on Vouchers

GoSats Card Annual Fee

GoSats card charges are as follows: The GoSats Intro Card has not annual fees. The Elite Card comes with an annual fee of Rs.999 and provides 1.5% cashback on all transactions over Rs.200, along with a deposit bonus of Rs.250. On the other hand, the Intro Card incurs a one-time fee of Rs.499 and offers 0.5% cashback on all spends above Rs.200, as well as a deposit bonus of Rs.100.

Is GoSats Real or Fake?

GoSats is a legit product launched in 2021 by a startup based in Bengaluru. Since then, it has gained the affection of Bitcoin enthusiasts in India. Within just over a year of its launch, the platform succeeded in enlisting over 100,000 users. The application enables users to transfer their earnings to their self-custody wallet, guaranteeing the safety of their funds.

The GoSats card is a good option for people who are interested in earning bitcoin rewards and who are comfortable with the fees and limitations associated with the card.

Now let us look at how a Bitcoin cashback appeals to different types of people:

You are a believer in Bitcoin – then you would want to stack more Bitcoin, usually, people do it by buying it on exchanges but receiving cashback in Bitcoin every time they shop online is a no-brainer.

You are new to Bitcoin – One of the common patterns that I have observed is that when people hear about Bitcoin for the first time, they are skeptical about it. Which means they are not going to invest their hard-earned money right away, which is where Bitcoin cashbacks can be a great fit.

This can be a great way for newbies who have just learned about Bitcoin to get their hands on their first satoshis. There is no risk involved since there is no investment of money involved, they earn Bitcoin for free when they shop online. — GoSats blog

Is GoSats Good

If you’re passionate about Bitcoin, it could be a valuable choice to explore in India. For example, its premium GoSats Elite Card offers several enticing features, including a fixed reward percentage of 1.5%, potential rewards of up to 100% on spends, a ₹250 preloaded balance, and a 6% increased cashback boost on Myntra, Flipkart, Zomato, and Swiggy, etc.

However, GoSats has faced challenges such as high transaction failure rates and typically lower Bitcoin conversion rates compared to the market. While the GoSats Intro Card doesn’t have any annual fees, the premium Elite Card comes with an annual fee of Rs. 999. It’s essential to recognize that GoSats is a prepaid card, not a credit card, necessitating loading money onto it. Unfortunately, they have recently stopped accepting credit card loads onto the prepaid card.

More Information

GoSats Card FAQ

What is GoSats card?

GoSats is a prepaid card in India that rewards free bitcoin for shopping.

Is GoSats a credit card?

No, GoSats is not technically a credit card. It's actually a prepaid card that allows you to earn rewards in the form of "Sats", which are tiny fractions of a Bitcoin.

What is GoSats Elite Card?

The GoSats Elite Card is a premium version of the standard GoSats card, packed with additional benefits and perks for frequent spenders such as boosted cashback on vouchers and ₹250 preloaded balance.

Is GoSats real or fake?

The GoSats card is a real and legitimate prepaid card in India that rewards Bitcoin for shopping.

Additional information

Bitcoin Only

Mobile App

Yes

Operating System (OS)

,

Browser Extension

Chrome

Wallet Type

KYC

Referral Program

Yes

Made in

India

Year Launched

2021

2 reviews for GoSats Review: Earn Bitcoin Rewards in India

  1. 5 out of 5

    Gian

    I have been using GoSats for some time now to earn bitcoin rewards in India and it has been a great experience. Not only can I use the card to make purchases without worrying about my bank balance, but I also earn rewards each month in bitcoin.

    The perks of using GoSats are great and the website is user-friendly and easy to navigate. It has a good number of users, which adds to its credibility and reliability.

    What’s even better is that the platform is highly efficient when it comes to sending withdrawals in bitcoin. Overall, I highly recommend GoSats to anyone in India looking to earn bitcoin rewards while making their everyday purchases.

  2. 5 out of 5

    Supriya

    I am from India and I have been using GoSats for a long time now. I can highly recommend it to everyone. It is a great way to earn bitcoin rewards while making purchases. The website and app are user-friendly, and the rewards system is very helpful. It’s a lovely site where you get rewarded for every purchase you make. GoSats!

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