Apart from trading and mining, you can also get Bitcoin from affiliate programs. Check out which crypto companies offer the best affiliate programs.
Bitcoin and other digital currencies have gained much attention in the last decade. The development of blockchain technology has changed the financial world in many ways, creating new opportunities and new areas to explore. The appetite for owning cryptocurrency is also increasing in almost every part of the world right now. However, many people may not realize that trading, investing, and mining are not the only options to earn Bitcoin.
Many crypto companies offer affiliate programs these days to grow their customer base, business sales, and trading volumes. Affiliate programs are quite effective when it comes to gaining money from a large audience. Whether you own a crypto-related blog, news website, or even a YouTube channel, crypto affiliate programs can give a generous side income for you and it can be a great idea to boost your channel as well.
What is an Affiliate Program?
An affiliate program is a referral campaign made by a company or service provider to pay a certain percentage of a deal for referring new customers. The idea was formed because usually, consumers would look for reviews and recommendations from third-party sources before they decide to buy a product. The voices and opinions of these brand reviewers can often convince the audience about the legitimacy of the product or service. Because of this, many brands understand the sentiment and decide to look for influencers who can promote the brand on their personal channels, thus increasing the brand's reputation and sales.
How Bitcoin Affiliate Programs Work
To put it simply, Bitcoin affiliate programs will pay you if you bring them paying customers. The steps are more or less like this:
- You sign up for the affiliate program.
- The company gives you a unique referral link that points to its website.
- You post the link and promote it on your own website or channel.
- Every time a new user clicks the link and makes a purchase on the site, you earn a commission for the purchase.
Affiliates who are skilled in marketing and have a large audience usually can attract and persuade many new customers for their chosen programs. So having a marketing skill is very important in this case because this will determine how you're going to get paid. The more people you convince, the higher chance for you to earn some decent money.
What are the Benefits?
- You can get paid in crypto, including Bitcoin.
- Supported various payment methods.
- Accepted around the world.
- Growing market.
- Reduce marketing costs.
Best Affiliate Programs for Bitcoin
Now there's a bunch of affiliate programs to choose and there's no way that you can use all of them at once. So to save your time, we have summarized a more in-depth explanation about affiliate programs that offer some of the best recommendations for you.
Coinbase is a well-known crypto brokerage and wallet provider that was founded in 2012. The company offers a number of heavily traded cryptos, including Bitcoin, Ethereum, Litecoin, and more. In terms of the crypto affiliate program, Coinbase offers 50% of your referral's trading fees during the first 3 months after the user is registered. Other than affiliate links, the company also provides ads banners that you can use for your website. The CPA model is cost per transaction.
The payout is daily and there is no minimum earning for each payout. Payouts will be accumulated in your referral's dashboard and reports will be given. Another advantage is that there's no limit to the number of people you can refer to Coinbase, so there's no limit to how much you can earn from the program. On top of it all, Coinbase uses Impact as its affiliate program manager.
Paxful is a crypto exchange that allows users to trade and buy Bitcoins on their platform. The commission for their affiliate programs is quite lucrative as you can earn 50% of all commissions paid by your referrals. Not only that, but you can also get another 10% commission when the referrals perform some transactions. This concept is similar to multi-level marketing where the referral's customers also make purchases. Therefore, it increases the possibility of getting more income for the affiliate.
The commissions last for up to 1 year and are paid in Bitcoin. You can instantly get payous with no minimum amount. The payouts are made when an affiliate makes a request.
Paybis is an Edinburgh-based crypto exchange that allows people to buy Bitcoin through multiple payment methods. The company is available in around 48 US states and more than 180 countries. When it comes to the affiliate program, Paybis offers a 20% commission on all referral purchases including all future purchases. In other words, there's no time limit to the program. You can get the payouts every month and the minimum earning for payout is $50.
Another benefit is that you will get a detailed statistic for each conversion that your referral makes. There is no specific requirement to be an affiliate. You just have to register in the program and confirm your email address.
LocalBitcoins.com is an online marketplace that allows users to directly trade Bitcoin with fiat currency. The trading mechanism in this company is quite simple and payments can be made through various methods such as bank transfers, PayPal, gift cards, cash deposits, etc.
In terms of affiliate programs, LocalBitcoins offers a commission per sale of 20% from the user's fee per trade (trading fee is 1% of the total trade amount). So, you will get 0.20% per trade. Commissions are earned 3 months after the user's registration date. The company allows daily payouts with no minimum amount. They will be accumulated in your LocalBitcoins account.
See Also: Top 10 Crypto Exchange for Beginners
Anonymous Ads (A-ads) is a Bitcoin advertising network that allows advertisers to pay publishers and get a proportional share of impressions from them. The company provides an affiliate program that offers half of the whole advertising fee (around 10% of spendings) for 6 months. This program is suitable for beginner affiliates.
Bitbond allows users to lend and borrow Bitcoin to one another pretty easily. The platform can speed up the settlement process, making it easier for anyone to use. They also provide an affiliate program where you can earn up to 30% of the origination fee for 2 years. You can get your payout instantly to your Bitbond account with no minimum.
Coinhouse is known to provide services for buying and selling Bitcoin in France and throughout Europe. With their great marketing material, the affiliate program in Coinhouse is quite profitable to use. The program offers 30% of all your referrals' operations commissions with no time limit attached to it. You can cash out the money weekly with no minimum. The money will be sent automatically to your Bitcoin address.
eToro is a widely known crypto exchange with various innovative features including copy trading and social trading. Other than cryptocurrency, you can also trade other popular assets such as stocks, ETFs, currencies, indices, and commodities. In terms of affiliate programs, eToro is known for its high commissions. The program offers $200-400 (depends on the referral's country) but works only once for each user. It's also worth noting that while it offers great money, the commission plans are based on CPA and may differ from one affiliate to another.
eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.
eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.
A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.
Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.
The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.
Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.
Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.
Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.
However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.
The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.
eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.
Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.
As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.
The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.
Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.
If you're a trader, you can take out your cash anytime. Otherwise, you can earn the payout within 15 days from the end of each month. The minimum earnings for each payout are 3 FTD's.
Skrill is a popular online payment platform that focuses on cryptocurrency. The platform allows you to invest in many popular cryptos including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, and Ox. For its affiliate program, Skrill offers a 20% revenue share with no time limit. The payout can be processed immediately with no minimum amount.
Coinmama is a marketplace for crypto owners who want to purchase or sell coins without the risk of a P2P trade. The company offers 15% of their commission on all of your referral's purchases including all of their future purchases. You can get the payouts monthly with no minimum amount.
The Bottom Line
Bitcoin offers many advantages and has brought significant changes to the world. While we may not know how the price is going to be for Bitcoin and other cryptocurrencies as the volatility of the market is very high, we do know that the digital market and crypto coins keep improving day by day. That being said, it also opens a huge opportunity for affiliate partners to expand and grow.
With more people joining the online network and use the internet basically for everything now, online marketing is getting a bigger spotlight in the industry. The affiliate program is one smart way to earn side income and offer many benefits such as reducing marketing costs, payouts in Bitcoin, etc.
Apart from the ones mentioned in this post, there are hundreds of other affiliate programs that you can choose from. Make sure to choose the programs that fit you the most and are able to help you improve your business. Also, promote the companies that you like and trust, so your recommendations are more legitimate and convincing to the audience.