Bitcoin has been steadily rising in value and popularity over the last few years, and has recently reached an all-time high of almost $5,000 USD. Some industry experts predict that Bitcoin will reach astronomical value levels beyond $100,000 USD or even $1 million USD per coin. There are many different ways to generate income from Bitcoin, such as mining or trading, but another method has recently become extremely popular- Bitcoin referral programs.
Bitcoin referral programs provide affiliates with the ability to generate income by driving traffic towards Bitcoin related programs. These programs typically pay via either a CPA, or cost per action, or a revenue share model. Most of the Bitcoin affiliate programs available today pay affiliates in Bitcoin, but there are a select number of programs that pay with fiat currency.
If you’re interested in getting on board with Bitcoin referral programs, it’s worth taking a look at the most popular and lucrative programs out there. In this article, we’ve gathered together the seven most popular Bitcoin referral programs and provided a short breakdown of how they work to help you decide where to get started.
Based in Helsinki, Finland, LocalBitcoins is a peer-to-peer Bitcoin exchange that facilitates the trade of Bitcoins. Unlike other Bitcoin trading platforms, however, LocalBitcoins makes it possible for traders to locate locally-based Bitcoin traders to buy from or sell to, using local banking services.
LocalBitcons operate a fairly straightforward referral program that provides payment in the form of Bitcoins paid directly to the LocalBitcoins wallet of an affiliate. Referrals are incentivised as a 20% commission on the LocalBitcoins trading fee. As a relatively simple starting point for prospective Bitcoin referral affiliates, LocalBitcoins is a great foothold.
xCoins is a somewhat more complex platform when compared to the straightforward solution offered by LocalBitcoins. Functioning as a peer-to-peer Bitcoin lending platform, xCoins facilitates extremely fast Bitcoin transfer. Instead of exchanging Bitcoin for fiat currency, a borrower using the xCoins platform will receive Bitcoin as a loan from a lender and provide the lender with the value of Bitcoin as collateral. The lender receives the collateral funds, as well as a 10% fee, before providing the borrower with the Bitcoin.
The xCoins referral program provides instant payouts, and provides affiliates with up of 50% of the transaction fees charged by the platform. A unique feature of the xCoins platform is that commissions are paid for each transaction performed by a referred user for life. As xCoins is one of the only Bitcoin platforms that allow credit cards and PayPal, which has made it a highly popular solution for many crypto traders.
Coinbase is one of the largest and most well-known Bitcoin trading platforms online. Offering traders the ability to buy and sell Bitcoin as well as both Ethereum and Litecoin, Coinbase boasts almost 10 million users, supports 32 countries worldwide, and has exchanged more than $20 billion USD in digital currency. Coinbase is growing fast, so now is a great time to get involved with their referral program.
The Coinbase referral program is simple, but straightforward, and offers a $10 USD referral bonus for each referral that initiates a buy or sell of $100 USD or more in digital currency within three months of opening their account. The only drawback to the Coinbase program is that payouts are not immediate, although the extreme popularity of the platform makes it worth considering seriously.
Exmo is a comprehensive digital currency trading platform and wallet service that is used by almost half a million traders from around the world. The platform currency facilitates the trade of Bitcoin, Litecoin, and Ethereum, as well as Dashcoin and even Dogecoin. A unique feature of the Exmo platform is the live chat capability it offers, which provides traders with the ability to share information in a freely available public discourse.
Exmo presents affiliates with a standard-issue referral program, delivering an attractive 25% commission of the platform’s fees for every transaction conducted by a referral on an ongoing basis. While Exmo is not as large as Bitcoin, it’s highly popular with traders that favor altcoins, and is a sound addition to any Bitcoin affiliates referral strategy.
Betchain is dissimilar to the other recommendations in this guide, as it’s not a cryptocurrency trading platform. Betchain is an online casino that is powered by Bitcoin, and is regarded as one of the most popular and trustworthy crypto casinos online.
The referral program offered by Betchain is unique, somewhat complex, and extremely lucrative. Betchain provide commissions of up to 50% paid on a prompt monthly basis, and allow affiliates to operate completely anonymously. The Betchain platform also boasts a rapid-fire 30-second registration process that delivers one of the highest FTD rates in the industry, providing affiliates with an extremely high conversion rate.
LakeBTC is listed as one of the “Big Four” Bitcoin exchanges, and is based in Shanghai. As one of the only Bitcoin exchanges that possesses a professional risk management and control system, LakeBTC delivers three key points of difference that make it stand out as a trading platform- security, liquidity, and service. The LakeBTC platform also facilitates the trade of more than 40 different digital currencies.
The referral program offered by LakeBTC is split into three tiers, which provides between 5% and 30% of trading fees as commission. LakeBTC payouts are made monthly, and aren’t restricted by an upper bonus limit.
The last referral program that we’ll take a look at in this guide is the Coinmama referral program. Coinmama provides traders with the ability to buy Bitcoin via credit card, and is used by more than 500,000 traders worldwide.
The Coinmama referral program offers payment in Bitcoin, and provides a straightforward 15% commission on all purchases made by referrals on a two-week cycle.
Other Popular Bitcoin Referral Programs
In addition to these highly popular Bitcoin referral programs, there are many their programs that are worth considering. If you’re interested in delving deeper into the world of Bitcoin referral programs, it’s worth taking a look at the following platforms: