Affiliate marketing is generating billions for the global economy, with referral programs in the crypto space becoming major contributors. This article identifies 6 of the best crypto referral programs operating today.
In recent years, affiliate marketing or referral programs have set the internet abuzz. Did you know crypto referral programs exist too? This is one way you can make a passive income from crypto. The best part? You could be earning for life from different crypto platforms just by referring your friends! Sounds awesome? Let's look at 6 of these programs and what you and your friends stand to gain.
1. Binance
Binance, one of the biggest exchanges in the world, offers a referral program you can make money from. First, you have to register on the exchange and generate a link or a scannable QR code.
Go to "Account," then click on "My referral ID." On the referral page, you would see a list of how many friends you've invited. You also see how much you've earned so far. You can invite as many people as you want.
Payout: Every 24 hours, refreshed at 12:00 AM UTC.
What you get: Between 20-40% of your friend's trading fees.
What your friends need to do: Sign up and trade to generate rewards for you.
What your friends get: This depends solely on if you want to share and how much you are willing to.
If you have a wallet balance of less than 500 BNB (approximately $278,000), you can choose to share 5 or 10% of your 20% commission from your referral's trades. For accounts with more than 500 BNB, you can choose to share 5%-20% of your 40% commission. You can choose not to share at all too.
2. Coinbase
Does Coinbase have an affiliate program? The answer is yes. On the web version, head over to the "Referrals" page. If you are using the app, tap on "Settings." After that, copy and share. Any crypto trading done by your friends has to occur within six months after they sign up.
Coinbase does not require a bulk $100 trade, as trades can be a sum of $100 over 180 days. Although there are no limits on the number of people you can refer, there are limits to the amount you can earn in referral bonus.
Payout: Every four business days.
What you get: $10 from every trade equivalent to $100.
What your friends need to do: Complete account details, then make a $100 trade on Coinbase.
What your friends get: Same $10 you get.
3. Gemini
Gemini is an American-based crypto exchange, which is available in over 50 countries. It shows you how much each cryptocurrency asset has gained in dollars and percentages every day, which is great for trading.
Gemini has a seamless user experience and a good crypto referral program. All you need to do is invite a friend by copying and sharing your link.
Payout: Two business days.
What you get: $10 in BTC when your friends make a crypto trade within a month.
What your friend needs to do: Sign up and make a trade worth 100 USD in 30 days.
What your friends get: Same $10 in BTC.
4. Crypto.com
With over 10 million users and a crypto-backed Visa card, Crypto.com is a robust crypto exchange that runs a referral program. To begin, go to the referral page to get your unique link.
Copy and share your link. Note that you cannot use your referral link on a different Crypto.com platform. For example, you cannot use the link you generate on the Crypto.com app on the web version. You can refer an unlimited number of people on Crypto.com.
Payout: Immediate.
What you get: Up to $10-$2000 in CRO depending on how much CRO your friend stakes (1 CRO is about $0.18 today). In addition, you receive a trading commission of up to 50% of your friend's net trading fees.
What your friends need to do: They must complete advanced KYC, which requires a valid ID and selfie, in addition to basic info like names and date of birth. Your referee must also stake at least 1000 CRO.
What your friends get: No rewards in this program.
5. ZenGo
ZenGo is one crypto exchange that comes with a beautiful user interface. Here, you can trade cryptos such as Bitcoin, Tezos, Uniswap and Ethereum.
This exchange is available in 100+ countries. After you create your account, tap on "Free Bitcoin." On the page, you would see the "Invite" button. Click on it, then copy and share your link with others.
Payout: Made every week in BTC.
What you get: 50% of commission on every crypto purchase they make.
What your friends need to do: Download, sign up and buy crypto.
What your friends get: $10 worth of BTC when they buy their first crypto on Zengo. Trades of more than $200 in crypto attract a BTC cashback.
6. Paxful
One of the foremost crypto exchanges, Paxful, offers users a chance to earn from their affiliate program. On the Paxful Affiliate program page, click on the "Become an Affiliate" button, and it will direct you to the referral page.
Here, you can generate and copy your link. This program is the only one on this list that pays you for direct AND indirect referrals. Talk about steady income!
Payout: Done immediately you reach $10.
What you get: 50% on all their escrow fees. Plus, 10% on escrow fees for anyone your friend refers.
What your friends need to do: Sign up and trade Bitcoin. The program only rewards trades on Bitcoin.
What your friends get: Same percentages you enjoy on their referrals.
Conclusion
All the crypto referral programs above have been confirmed to be working in 2021. There is no limit to how much you can earn from these programs. Cryptocodes does a nice job of combining all these links in one place.
Just click on any platform, sign up, and refer those around you. Remember that your friends must use your link for the referral to be valid. Share your links and start earning now!