Affiliate programs are a great way for companies to incentivize the use of their product. Also, it has been used as a marketing strategy for ages, some of the biggest companies in the world (like Adidas) make use of it. They target multiple audiences including influencers, non-influencers, businesses, entrepreneurs, and consumers. All of these audiences can use affiliate programs in different ways. For example, influencers can use affiliate programs as their main source of revenue (via commission) as they’re the targeted users by most brands and companies. On the other hand, consumers can use affiliate programs to earn a little bit on the side as passive income. With that being said, it didn’t take long for the affiliate marketing scheme to reach the bitcoin and cryptocurrency industries.
Bitcoin affiliate programs
In the case of bitcoin, exchanges and marketplaces will reward you for getting other people to trade on their platform. Depending on the details of the program, bitcoin affiliate programs allow users to earn extra bitcoin via commission. Some exchanges will implement a referral basis wherein users will earn a small profit from getting people to join their platform. Other platforms implement a commission-based system wherein users get a percentage—of the company’s fees on the trades done by their affiliates.
Here are some examples of good bitcoin affiliate programs:
If you’re looking to earn a steady passive income, the Paxful affiliate program is your best bet. It is, by far, one of the better affiliate programs in the world as it not only allows people to earn a commission off their direct affiliates but also their direct affiliates’ affiliates. Basically, the program comes in two tiers:
- Tier 1 affiliates – These are your direct affiliates. They’re the users who signed up on Paxful using your direct link. From these affiliates, you’ll get 50% of the collected escrow fee per completed transaction.
- Tier 2 affiliates – If your tier 1 affiliates are those that signed up using your link, tier 2 affiliates are those that signed up using the link of your tier 1 affiliate. From these tier 2 affiliates, you’ll get 10% of the collected escrow fee per completed transaction.
To avail of these affiliate earning opportunities, all you’ll need to do is share your affiliate link with your friends and family. The more active affiliates you gather for the program, the more you’ll be earning.
Changelly’s affiliate program offers a 50% revenue share for the life of the customer you refer to them. Basically, you’ll be able to get a 50% commission from the trades made by your referred user. To participate in their affiliate program, there are two methods you can use:
- Affiliate link – By sharing your affiliate link with people, you’ll be able to stack the number of affiliates you have to earn more
- Widget – If you have a popular blog or website, you can add a widget to your sidebar that will direct your followers to the registration page. Once they sign up, you’ll be able to earn from their trades
Earning a passive income
As you can see from the two affiliate programs shown above, it isn’t that hard to start earning your passive income. By actively looking for users to sign up as your affiliate, you’ll be able to increase your profits.