The year is 2021 and everyone wants to earn extra income effortlessly. The cryptocurrency business, which has been growing in the earlier several months, allows an excellent method to get digital assets within affiliate programs. It’s easy to get involved in crypto affiliate program and you can earn great passive income simply by referring your friends to the right platform.
What Are Cryptocurrency Affiliate Programs and How Do They Operate?
Affiliate marketing is one of the best channels for attracting new customers to your products and services. This strategy has proven to be effective in the crypto space, and many projects are using this model to reward existing users for inviting new customers to their platforms. Affiliate programs provide great benefits to both the cryptocurrency business and the users involved. In a crypto affiliate application, users get an individual connection from a crypto scheme that they practice to request their colleagues.
The partner helps both the cryptocurrency project and the participating users track how many new users they have attracted. Since users do not need to invest money (but do need to invest time) in affiliate programs, this method carries very low risks and provides a fairly high potential return. Plus, it’s very easy to work with affiliate programs where participating users can use a variety of methods – from simple messaging with friends to posting articles, blogs, and videos with associate connections – to bring distinct clients.
How does the Binance Affiliate Program work?
Binance cryptocurrency exchange is one of the most popular exchanges in the world; a status that she managed to achieve in just a few months after launch. Many experts believe that this success is achieved through the use of various affiliate and referral programs and by offering sufficient incentives for users to facilitate their transactions with lower fees.
It should be noted that Binance also offers users its own cryptocurrency that can be used to get up to 50% discount on exchange fees. While this discount is shared and everyone can get it, referral and affiliate programs are only available to customers who can be considered influencers with over 5K followers. You can find more information on white label crypto exchange LetsExchange.
Binance Affiliate Program Terms and Conditions
Binance Cryptocurrency Affiliate Programs are available to both businesses and organizations and individuals. However, the qualification conditions in these cases are different. Companies wishing to participate in Binance’s affiliate programs must meet the following requirements:
- Having a user base of at least 2,000 people.
- Having a wallet.
- Having a market analysis platform showing at least 5,000 website visits per day.
- Having an industry media platform / website.
- Having a cryptocurrency fund.
- Having an aggregated trading platform.
These requirements are required for businesses and organizations that want to participate in Binance affiliate programs, while individuals must meet the following requirements:
Be a social media influencer with at least 5 thousand subscribers on one or more social platforms: YouTube, Twitter, Facebook, VKontakte, Instagram.
In addition to enterprises and individuals, cryptocurrency communities can also use affiliate programs, observing the following requirements:
- Having a community of at least 500 members
- Having a leader in the financial industry
- Having a leader in the blockchain industry
- Being a community or a group on Telegram, WeChat, Facebook, QQ, VKontakte.
As you can see, the prerequisites for participating in Binance cryptocurrency affiliate programs are not that simple. However, customers participating in these programs can earn up to 50% transaction fees for new users.