Crypto Affiliate Programs
Cryptocurrency and blockchain technology have revolutionized in recent years how companies and consumers handle and process payments. Both parties, like customers and businesses, can enjoy a range of benefits by opting to use crypto as an alternative payment method, from increased transaction speed and reduced fees to improved security and transparency.
It’s a booming industry, with digital assets seeing more widespread mainstream integration and new currencies hitting the market all the time. Essentially encryption algorithm converts the original message into cipher text to prevent their interpretation. Transactions get recorded in the blockchain database, and the user can not spend the same coin twice.
Difference Between Crypto and Standard Currency:
The big difference between crypto and standard currency is that the former doesn’t have the regulating authority and the system is decentralized and record the transactions meanwhile.
Bitcoins and other crypto currencies continue to surge in search engine queries, leading to the growing desires for digital currencies and block chain. As a result, many exchanges, apps, products, services, blogs, and YouTube channels support individual’s interests.
Secondly making money with bitcoin and crypto goes beyond trading and investing like, affiliate marketing. Many crypto companies utilize affiliate marketing programs to grow their customer base, sales and trading volumes.
A merchant may use one or multiple cost-per-action models, including cost per sale/pay per sale, cost per lead/pay per lead and cost per transaction/pay per transaction. A transaction could be a trade; money transfer or money related activity involving money to traders.
For instance, the merchants will pay affiliates a commission rate of 40% on referral trading fees. That compensation plan is equivalent to a revenue sharing program. For affiliate marketers crypto represents a unique opportunity to take advantage of a growing sector and target a specific, knowledgeable customer base. Crypto exchanges and trading apps make up the bulk of affiliate program offers, followed by wallets and payment method tools.
Many programs don’t disclose their cookie duration, but you can roughly assume it as 30 to 90 days. Many merchant publishers with recurring commission affiliate programs that pay for a user’s lifetime trading activities. Like, suppose you refer Alice to Binance.
Next, Alice gets verified and start trading, takes a break for a year and then resumes trading. You will earn a percentage of Alice’s trading fees regardless of when she trades. On the other hand, some companies limit recurring payouts to months or cycles like Coinbase limits payments to three months.
Why Use Crypto Affiliate Program?
One of the best ways to make money from your crypto community is through affiliate networks for bitcoin and other cryptocurrencies. Bitcoin and cryptocurrencies are a great way of passive income in the crypto market. The positive feature is that you don’t need an active account, although that’s always a plus point, nor do you need to invest anything into a crypto exchange to make money off it.
You can join an affiliate program, promote a platform or give a mention to a service and start earning immediately. To get started, you will need a website, an email address, and some patience. If you are willing to put in the work, it is not hard at all to get initial few affiliates.
If you have a big blog, news website, or YouTube channel, you can easily rely on crypto affiliate networks to generate a steady income stream for months and even years.
How Does It Work?
Using a peer-to-peer network that allows two or more computer systems to connect and transfer the resources. All transactions get recorded on a public ledger that uses blockchain technology. The transactions are public, but that does not mean the details of the people trading are; instead, all users stay anonymous at all times, a crucial part of why they are popular.
Bitcoin is a good and open source of cryptocurrency and facilitates fast peer-to-peer transactions, worldwide payments, and low processing fees. Seven decimal places subdivide bitcoins. It’s also good to remember that bitcoin can be exchanged for cash as any other asset through a dedicated cryptocurrency exchange.
Transactions may also occur in person or on other communication platforms. Using Bitcoin affiliate networks is easier than ever before, and Bitcoin affiliates themselves use a wide variety of payment options.
How To Choose the Best Crypto Affiliate Program?
You need to look at a few things before you accept crypto payments merchant accounts in your retail store affiliate program.
You don’t want to recommend any program that can get hacked anytime, so picking up one with strong security measures is important.
It’s important to pick one that pays at least 5% commission. However, it’s not hard to find a program that can garner up to a maximum of 50% in commission fees, so you need to be vigilant.
You want to ensure that your favorite service pays both via crypto and fiat currency. The more payment methods there are, the better since you get more choices.
Reputation And Support:
Some brands and services are faster, more reliable, and better than others. It’s best to go with the ones that have built their reputation over time, generally the best affiliate programs. There are numerous services out there, but if you do your research properly, then you will find some great ones out there.
Best Crypto Affiliate Programs 2024
Following is a robust list of legitimate programs to increase your passive income. Additionally, it includes company reputation, customer reviews, website rankings, and personal fortune made.
- Binance Affiliate Program
- Coinbase Affiliate Program
- Coinmama Affiliate Program
- Changelly Affiliate Program
- Local Bitcoins Affiliate Program
- Trezor Affiliate Program
1. Binance Affiliate Program:
Binance was founded in Hong Kong in 2017. Since then, they have relocated their offices to territories outside Chinese influence to ensure they can operate their business as they see fit. Binance started as a crypto-to-crypto exchange but rolled out support for fiat transactions in 2018. This crypto exchange supports all major cryptocurrencies, including Binance’s “Binance Coin(BNB)” coin.
Its great about Binance is that anyone can become an affiliate and earn a 20% commission. This rate can be doubled to 40% by holding 500 BNB in your Binance wallet. At press time, this costs $7850, but it can be worth the investment for the dedicated affiliates out there. There is an application form that you can fill out to join the 50% commission tier, although it has somewhat strict requirements and a manual approval process by the company.
The coolest feature of the Binance affiliate program is the ability to offer your referrals a kickback of 5%-20%. This comes directly out of your commission. This offer could incentivize more signups through your links.
2. Coinbase Affiliate Program:
Coinbase was founded in 2012 and aimed to create an equal world through the model of decentralized currencies. That’s the general direction the world seems to be moving towards. A world where fiat currency becomes optional. This is a more traditional crypto and Bitcoin trading platform because you can use fiat currency to buy any major cryptos. Still, you can also receive payment from them via PayPal method.
Coinbase is a brokerage, meaning you purchase crypto directly from them. Coin base pro, on the other hand, is a true exchange and P2P trading platform featuring extremely low trading fees. To date, the exchange has handled US$150 billion in cryptocurrencies for 20 million customers spread across 42 different countries. They provide insurance coverage for up to $250,000 and keep most of their data offline.
In crypto affiliate programs, you earn a good percentage of your referral trading fees. And there is no limit to the number of people you can refer to Coinbase, so there is no real limit on how many affiliate commissions you can earn. Most important Coinbase use impact as its affiliate program manager.
3. Coinmama Affiliate Program:
Coinmama started in 2013 as a brokerage for people looking to buy bitcoin and Ethereum but has since expanded so that you can now also buy Ripple, Litecoin, Cardano, and other cryptocurrencies. If you have Bitcoin that you want to sell, Coinmama is also happy to help you do that.
The downside is that brokers have to charge a fee, so you usually pay that bit more than you would with private trade. An additional brokerage fee of 5.9%. The Coinmama affiliate program pays you 15% of all purchases made by your referrals for the lifetime of their accounts. They also use affiliate tracking software Cellxpert to track your affiliate marketing efforts easily. Their complete payment method is through fiat currency.
4. Changelly Affiliate Program:
Changelly is one of the younger cryptocurrency exchanges and the most popular. They allow you to trade in almost 150 cryptos without ever having to deposit any of your coins or cash with Changelly. You can buy crypto on the site using your visa card, so change is more of a hybrid exchange than one for absolute purists.
Exchanging crypto for another crypto will incur a flat fee of 0.25%, with no hidden or unexpected fees. Earning money with the change affiliate program is done by adding their widget to your site or using a referral link you can place anywhere. Once your referral signs up for an account through either method, you are then entitled to 50% of all transaction fees charged to them by Changelly.
5. Local Bitcoins Affiliate Program:
LocalBitcoins is an online marketplace for those who want to buy or sell Bitcoins for fiat cash. The company was set up in 2012 by a Finnish entrepreneur based on his belief that cryptocurrency will fundamentally change how finance works. This site allows you to trade Bitcoin in 248 countries. Local bitcoin traders are trading directly with each other the site simply acts as a portal for those trades to take place.
Person-to-person crypto trades usually involve a small risk, but LocalBitcoins deal with that using a crypto “Escrow wallet.” This minimizes your risk to almost zero. Affiliated get paid 20% on all trading fees for every trade that your referral makes. And if you introduced both buyer and seller to LocalBitcoins, you will make a 40% commission instead. Commissions are paid for 12 months after your referral becomes active on the platform.
6. Trezor Affiliate Program:
Trezor does one thing, and they do it very well: making hardware wallets for cryptocurrency. One of the biggest benefits of cryptocurrencies is that they have allowed us to decentralize our finances, storing our currency in the blockchain rather than a bank account.
But in one of the largest cases of irony yet, the last place you want to store your cryptos is online. The main reason for this is the risk of a security breach, or a personal slip-up, resulting in the loss of the entire contents of your wallet.
So, the two most secure options are storing your private key on paper or in a hardware wallet, as Trezor manufactures. Affiliates earn 12%-15% per sale for a Trezor wallet, and considering that their high-end wallets cost over $600, there is money to be made here. Hardware cryptocurrency wallets tend to be a once-off purchase, so Trezor would be one of your authority site’s bolt-on crypto affiliate programs. Their affiliate payment method is Bitcoin or bank transfer.
The crypto industry constantly changes and evolves, with new currencies and exchange platforms appearing constantly. Several options are available to you if you want to become a crypto affiliate marketer. Spend time examining and comparing all the programs on offer to select one that will work best for you.
If you are looking for more content and marketing insights, look blog above for a more personalized approach. Dozens of exchanges, marketplaces, and lenders are constantly popping up. It would seem that these new currencies are here to stay, so it’s never too late to build an authority site in this niche or a sub-niche related to it.