It's pretty simple really. You agree to do a trade, swap referral links, then sign up and complete an offer. The other person's green goes towards your free iPhone.
There's a couple of rules though:
1) Remember, only one account per referral site (this applies to postal addresses, email addresses and IP addresses). Don't bother trying to create a second account, eventually your referral will be cancelled and it won't count.
2) Give the service you're trying out in the offer a fair go. Don't just sign up and immediately cancel. This raises red flags for the advertiser and they're likely to withdraw the credit (and maybe even the offer!)
3) Be wary of who you're trading with. The best place to find trades is the eXceem Trading Forums, since you can see history and feedback from previous trades (just like on eBay). This stops people from repeatedly scamming other members by not keeping up their end of the trade.
Doing trades can speed up your referrals considerably, but bear in mind it also means you have to do more offers. Once you've been through all the free ones you might start having to go for paid offers.
Luckily, most of the betting/casino/gaming offers give you a deposit bonus for free (usually they match your initial deposit) and so far I've made my money back on all these types of offers I've done, so it's possible to keep it free :)
Anyway, trades are a great way of collecting greens for your free iPhone. Check out the forums I linked to above, and see how you get on.
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