Trading is not the only way to make money on digital asset exchanges. Many marketplaces offer users an alternative source of income – affiliate programs. Unfortunately, not all proposals are worthy of attention.
To show how they work and how to choose the one that’s right for you, we’ve selected the best affiliate programs from 5 popular platforms:
What are Crypto Exchange Affiliate Programs
Trading platforms need new customers and are willing to pay those who can help attract them. For this, exchanges create affiliate programs. Their members recommend the project on social networks or on other platforms and receive a reward for each attracted user. For digital asset exchanges, an affiliate program is a way to expand your audience, and for customers, it is an additional source of income. Each trading platform creates its own terms and conditions for participation. There are no universal affiliate programs. Each one is unique.
Another question, without which it is difficult to understand what affiliate programs are – how to make money with their help. Due to the difference in approach, in the case of each platform, there will be a different answer. Let’s consider the popular options.
The popular digital asset exchange Binance launched its affiliate program in September 2019. With its help, the company wants to “change the world for the better.”
The task of the Binance affiliate program members – affiliates – is to recommend the exchange by attracting new users through their traffic. The company offers a reward for this and it is the best crypto exchange affiliate programs.
How it Works:
- An affiliate member creates referral links and distributes them on the network, or sends them directly to potential users.
- When a new user signs up using a link, Binance records them as a referral – a person recruited by the affiliate.
- An affiliate who has attracted a new user can receive up to 50% of the commissions that the referral pays to the exchange. Those who have attracted more than 1,000 new customers to the platform receive the maximum payouts. In this case, the referral rate is adjusted once every 90 days (depending on how many people came to the exchange on the user’s recommendation during this time).
To connect to the Binance affiliate program, you need to fill out a form and send it to the company’s specialists. The deadline for the consideration of the application is not specified.
You can manage Binance referral links from your personal account. The user sees the statistics of transitions for each of them and can evaluate the effectiveness of the work. Exchange referral links can be configured for different publication channels.
Not everyone can become a member of the Binance affiliate program, for this you need to meet certain requirements. For example, be an active content author and have at least 5,000 subscribers on one or more platforms.
Companies wishing to join the Binance affiliate program must have a user base of at least 2 thousand people. A crypto community can join the program if it has at least 500 members.