No, you cannot convert coins to points in the panel station survey. You can only use coins to participate in the Bid to win program.
Today we will discuss how to convert coins to points, what is panel station points, coins, bid to win, how to earn and withdraw points and coins, should we use Bid to win.
What is the panel station point?
Panel station point is a reward system of the panel station that you can earn by completing surveys, winning contests and games.
How to earn points from panel station?
Follow these tricks to earn points from panel station survey:
- Complete online surveys as much as you can.
- Refer panel station to friends and family members to earn bonus points.
- Participate in social media contests, polls regularly.
- Complete panel station profile survey that helps you to earn points and also you will get more surveys.
How to withdraw points from panel station?
You can withdraw panel station points as gift vouchers like Amazon, phonepe, Flipkart etc. To redeem points follow these steps:
- Login to panel station.
- Click on redeem in the homepage.
- Select withdrawal method.
- Select points.
- Click on buy.
- Verify mobile number.
- Click on buy again.
After following these steps you have to wait for 2-3 weeks, then you will get a voucher code that you have to enter in your selected payment app like Amazon, phonepe or Flipkart.
Panel Station points value in India:
The Points values are as of below in panel station for Indian country: 500 points are equals to INR 75; 650 Points are equals to INR 100; 1300 Points are equals to INR 200; 2500 Points are equals to INR 400; 4000 Points are equals to INR 700 and 5000 Points are equals to INR 1000.
What is the panel station coin?
Panel station coin is a newly added payment method in the panel station. You can earn coins by completing profile surveys, participating contests and games. Even if you get terminated from any survey, you will earn coins.
What is the difference between points and coins in panel station?
Points and coins are reward options of panel station. But there is a difference between them. You can redeem points as a cash, gift voucher etc. But coins are only used to participate in bid to win program that is some kind of lottery type game. You can convert panel station points to coins but you cannot convert coins to points.
How to withdraw coins from panel station?
Panel station coin can only be used to participate in Bid to win programs. You cannot withdraw gift vouchers by using coins directly. To get a gift voucher you have to participate in a Bid to win program.
If you win the bid there, you can earn a gift voucher. To use coins for bid to win, follow these steps:
- Click on bid to win on the homepage.
- Check available bids for the contest.
- Select one of them.
- Check privacy policies.
- Click on register.
- Entry bids coins will be deducted.
- Now, participate in bids.
- Enter the bid amount.
- Click on place bid.
If you will be the highest bidder, then you will win the gift voucher. If you do not win the bidding game, your bidding amount will be refunded but entry bid coins is not refundable.
During this bidding game, if you have needed coins, you can convert points to coins. 1 point=10 coins. After converting points to coins, you would not be able to convert coins into points again.
What is the Bid-to-win on The Panel Station?
Bid to win is the auction platform of the panel station. You can use your coins to bid on vouchers here and the highest bidder will earn the cash voucher.
Should we use Bid to win programs in the panel station?
We should not use Bid to win programs regularly. Even I participated in this game once or twice. There are many reasons why we should not use Bid to win on a regular basis. These are:
- Every bidder will not be a winner. So entry bid coin will be wasted.
- Bid to win is not a profitable game because you have to spend more coins to win but the winning voucher will be worth less.
Don't convert valuable points to Coins. Participate in Bid to win programs when you will earn enough coins automatically.
What is the value of panel station coin?
You cannot redeem panel station coins as cash, so there is no value of coins as cash. You can only use those coins to participate in bid to win contest.
Does Panel Station pay money?
Yes, Panel station pay real money to their survey panellists. Since 2019, I have been a survey panellist in panel station, since then I redeem my points many times as Amazon or Paytm gift vouchers. This is my panel station payment proof:
How to refer panel station to friends?
Currently there is no option to refer in panel station survey panel for Indian consumers in 2024. If they activate referral program in future, you will be notified.
Read more:
1) How To Redeem Panel Station Survey Points As Cash Voucher?
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