KWIQ Rewards Explained: How to Earn and Cash Out KWC
· 3 min read
Short answer: KWC is KWIQ's rewards balance. You earn it by trading: 1,000 KWC on your first trade, cashback on every trade, a weekly streak bonus, 5,000 KWC when you trade ₦1,000,000 in a month, a share of 100,000 KWC for the month's top 10 traders, 2,000 KWC each for ranks 11 to 20, and up to 23,000 KWC for each friend you refer. Today 1 KWC is worth ₦1, and once you have 2,000 KWC you can redeem it into your naira wallet from the KWC Rewards hub.
Every time you trade on KWIQ, you can earn a little extra on top. Those extras are paid in KWC, the rewards balance in the app, and you can turn KWC into naira whenever you've collected enough.
This guide covers every reward that's running now, how KWC works, and how to cash it out.
What is KWC?
KWC is a points balance that sits beside your naira and crypto in the KWIQ app. Rewards land there automatically (the weekly streak is the one you claim yourself). At the current rate, 1 KWC is worth ₦1, so 1,000 KWC is ₦1,000.
Every reward running now
| Reward | What you get | How you earn it |
|---|---|---|
| First Trade Bonus | 1,000 KWC, once | Your first completed crypto or gift card sale |
| Trade, Earn, Repeat cashback | KWC on every trade, up to 2,000 KWC a month | Any settled trade |
| Weekly Trading Streak | A bonus from 500 KWC that grows with your streak | Trade at least $100 every week |
| Trade to ₦1M, Earn 5,000 KWC | 5,000 KWC, once a month | Trade ₦1,000,000 in a month |
| Trade to the Top leaderboard | A share of 100,000 KWC | Finish in the month's top 10 traders |
| Leaderboard Runner-Up Bonus | 2,000 KWC each | Finish 11th to 20th in the month |
| Double Rewards Referral | Up to 23,000 KWC per friend | Friends you invite reach trading milestones |
These rewards stack. A new user's first sale can earn the First Trade Bonus and cashback at the same time, and a busy trader can collect cashback, the streak, the ₦1M bonus and a leaderboard prize in the same month.
Which trades count?
For trading rewards, KWIQ counts:
- crypto sales that complete (including deposits sold automatically with Auto Cashout);
- crypto buys that are approved;
- gift card sales that are approved.
Selling crypto for naira on KWIQ has zero fees, so a reward is genuinely extra money, not a refund of something you paid.
How to cash out KWC
- Open the KWIQ app and tap the KWC Rewards entry on the Home screen.
- Check your balance. You need at least 2,000 KWC to redeem.
- Choose how much to redeem: you don't have to cash out everything at once.
- Confirm, and the naira lands in your KWIQ naira wallet.
From your naira wallet you can withdraw to your bank, buy airtime and data, or buy crypto with it.
Good to know
- Amounts can change. KWIQ sets the rewards and may change or end them. The Rewards hub shows the current list and your progress bar for each.
- Rewards are for real trading. They're there to thank people who use KWIQ, so there's no need to trade more than you planned to chase one.
- Turn on reward notifications in the Rewards hub so you hear when KWC lands or a milestone is close.
Start earning
Download the KWIQ app and make your first trade to collect your first 1,000 KWC, or sign up on the web. Everything else that's new this month is in what's new in KWIQ.
Frequently asked questions
What is KWC on KWIQ?
KWC is the rewards balance in the KWIQ app. Rewards such as the First Trade Bonus, trade cashback and referral rewards are paid in KWC, which you can redeem into your naira wallet. At the current rate 1 KWC is worth ₦1.
How do I convert KWC to naira?
Open the KWC Rewards hub from the Home screen and redeem. You need at least 2,000 KWC, and you can redeem part of your balance rather than all of it. The naira goes to your KWIQ naira wallet, and from there you can withdraw it to your bank.
Which trades earn KWIQ rewards?
Completed crypto sales, approved crypto buys and approved gift card sales count towards trading rewards. The First Trade Bonus counts your first completed crypto sale or gift card sale.
Can KWIQ reward amounts change?
Yes. KWIQ sets the amounts and can change or end a reward at any time. The KWC Rewards hub in the app always shows the rewards running now and your progress on each.
Written by
Ikechukwu Menik
Technical Writer at KWIQ
Writes KWIQ’s guides on crypto, payments and keeping your money safe online.
