Lolli review: Earn free Bitcoin while shopping online
Hello, Jack here.
Today I will introduce you to a very convenient application, both purchase for daily use and earn Bitcoin for free.
It sounds like a myth, right? But the world is changing very fast, cryptocurrencies are also developing strongly, many applications are launched to ensure the benefit of the most powerful users and Lolli is one of them.
So what is Lolli? Why is it possible to purchase Bitcoin? Let’s go to the article below.
1. Introducing Lolli
They started Lolli with the goal of making it easy to earn, own, and share bitcoin with as many people as possible.
They strongly believe in bitcoin’s power as a global alternative currency and universal store of value and want to share it with the world.
Lolli is the first bitcoin rewards application that lets people earn & own bitcoin when you shop online. They’ve partnered with 500+ top brands to help drive sales and conversions on their sites. When you shop on one of their partner sites, they get a percentage of each sale. They then split that percent with you, sending bitcoin to your Lolli wallet!
I believe that bitcoin is the future, however, bitcoin in its current state is not easily accessible. Their mission is to change this with Lolli, making it easy for everyone to earn, save, and share bitcoin.
I see online shopping as an incredible opportunity to both educate and reward people with the power of bitcoin.
Summary: Lolli is a bitcoin rewards site and browser extension that lets users earn bitcoin when they shop from Lolli’s partner merchants. Lolli forms partnerships with top merchants and gets a % of every sale. The reward (%) of bitcoin is determined by their participating merchants. Instead of keeping all the money for themselves, they share that money with you, sending free bitcoin to your wallet!
2. How to use
Download, Activate, and Earn!
Download the Lolli browser extension. Visit one of their partner stores through their website or browser extension. Lolli alerts you to activate your savings when you get to the online store. Once Lolli has been activated, feel free to shop as you normally would. As long as your order is eligible, Lolli will track your purchase and send bitcoin to your Lolli wallet when the merchant pays them.
Using other browser extensions, coupon sites, savings applications, or cashback programs in conjunction with Lolli will make your purchase ineligible for a BTC reward. Merchants only reward one program at a time. Additionally, some merchants do not reward on orders if an internal coupon code that they provide is used in conjunction with Lolli.
Exclusions are up to the discretion of the merchant and subject to change. These can be found in their extension along your toolbar while on a participating merchant’s site!
Lolli is currently supported for Chrome, Firefox, and Safari. They want you to be able to shop as you normally would so please let them know what your favorite browser is here and they’ll update you when they launch the Lolli extension for it!
Although they do look forward to supporting Brave in the future it is currently an unsupported browser. They cannot guarantee rewards for purchases made on Brave due to its built-in ad blockers.
Mobile vs Desktop
Lolli does not currently have a mobile app but they are always working on new features and have plans to launch a native mobile app as soon as possible! Although they do recommend shopping on the desktop for the best user experience, you can shop on mobile by visiting www.lolli.com/stores from your mobile device. For all mobile purchases, please make sure you start your shopping experience at this page and use the link provided for each trip.
The United States Only
Lolli only supports the THEM at this time. If you are an international user interested in using Lolli please let them know here and they will notify you when they launch in your locale.
VPNs should not affect your purchase unless you are VPNing from outside of the THEM.
3. What is Bitcoin and How Do I Use It?
Bitcoin, or BTC, is a natively digital currency — no need for physical bills or coins, high transaction costs, or international barriers. Bitcoin is decentralized, meaning there’s no government, institution, or authority that controls it. Bitcoin gives people full control over their own money.
What are Satoshis/Sats?
Sats is short for Satoshis, which is one hundred millionth of a single bitcoin (0.00000001 BTC). Users can earn Sats Back on everyday purchases with Lolli.
What is “Bitcoin Back”?
Bitcoin Back is the reward you earn by using Lolli after activating and making a qualified purchase on one of their merchant partner sites.
What is “Stacking Sats”?
Stacking Sats is the act of earning Sats Back when you shop online with Lolli. Lolli promotes Stacking Sats every day of the week but especially on #StackingSatsSaturdays.
Spend or HODL
You can buy real goods from reputable merchants with bitcoin, just as you would with USD. Thousands of merchants are already accepting bitcoin as a method of payment. Or you can HODL.
HODL is slang in the bitcoin community for holding bitcoin rather than selling it. It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, “I AM HOLDING”.
4. How Does Lolli Work?
Is It Safe and Secure?
Lolli uses state of the art software and network security to ensure your balance is safe. As long as you keep your wallet with Lolli, they have you covered. Keep in mind, though, that if you transfer your balance to other wallets or exchanges outside of Lolli, they cannot be held responsible for the security of your funds there.
What Data is Stored?
They DO NOT track which sites their users visit. they only identify merchant sites with which they have partnerships, in order to send you real-time bitcoin back offers and communicate with their merchants that you should be rewarded for your purchases.
They DO NOT sell your personally identifiable data. Their business model is very clear — they partner with top merchants that pay them when their users shop their sites. They then send part of that payment to your wallet. You can then transfer to your own address or exchange it to a USD bank account.
Why Does the Extension Require So Many Permissions?
They wish that browser extensions provided more granular permissions, but unfortunately, they do not.
What If I Accidentally Delete Lolli or My Computer Stops Working?
They securely save your account information and wallet. After you log in, your bitcoin balance and order history will be automatically saved. To restore your account on a new device, you need to download Lolli, press Login and sign in with your account.
5. When Will I Receive My Rewards?
Once the Merchant Sends Them Notification of Your Purchase.
Lolli will send you an email with estimated rewards within a few days after your initial purchase. This takes a little bit of time due to the fact that all purchases have to be verified with our retail partners. These rewards are an estimate and not confirmed (available for withdrawal or transfer) until the return period has passed. The time this takes varies by merchant and is typically 30-90 days after your completed booking or initial purchase. In the meantime, you can view your wallet at lolli.com/account until all the processing is complete!
Where Can I Find My Shopping History?
Once they receive notification from the merchant of your purchase you should receive an automated email with your reward estimate as well as be able to view it in your shopping history. This can be found in their extension along your toolbar beneath your wallet. Just click the drop-down box to choose which month you would like to review! Or check out lolli.com/activity for the same information.
Why is My Wallet Fluctuating?
When you make a purchase from a participating merchant Lolli adds an estimated BTC reward to your Lolli wallet. The bitcoin value of this estimate will fluctuate until it is confirmed which is typically when the return date has passed. This is to prevent fraud, like people buying to get the reward and then returning their purchase to the merchant. Once confirmed, the BTC value of your reward for this purchase is locked-in and the USD value will then fluctuate to reflect market value.
When Can I Withdraw?
While they encourage you to save your bitcoin (HODL!), you can transfer your earnings to any bitcoin address or withdraw to a USD bank account once you have an available balance of at least $15 (only takes a few purchases!). Rewards become available once the partner’s reward locking period has passed. This is typically 30-90 days after your initial purchase or completed stay. They also have an area on their site for you to view both your total rewards and confirmed rewards! Feel free to visit lolli.com/account for this information. This is where you will be able to initiate your transfer or withdrawal once you are eligible.
Is There a Fee to Move My Earnings?
For USD transfers they charge $0.25, and for bitcoin transfers, they do not charge anything other than the current, applicable transaction fees.
And you, do you want to make both Bitcoin and shopping? In my opinion, it is convenient both ways, what about your opinion? Leave your comments below for a discussion.
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.