Last Updated on June 11, 2020 by Chimezie Chidi
How would you love to promote the best bitcoin and cryptocurrency affiliate programs?
It is sure not the first choice for some people, but in this article, we will teach you differently.
In 2008, the word bitcoin, alongside the platform, came into existence.
Fast forward to a few years ago, it was becoming a known means of exchanging currencies, products, or services via a decentralized system.
To help you understand cryptocurrency, let’s share a bit about the basics.
What Are Cryptocurrencies?
The first thing you must know about cryptocurrencies is that it all happens on the internet or online.
Here you use cryptographical functions based on the blockchain to carry out financial transactions.
It works just like the stock market, but this time, the government and financial institutions cannot control the market.
Another wholesome benefit is that the blockchains can be used in a myriad of products and services directly and aim to promote transparency, immutability, and decentralization. When used for transactions, they also help avoid the steep fees charged by traditional financial institutions as well as middlemen.
That said, at the onset, thousands of experts, rushed to the media to talk about how volatile the system is and how a lot of it will fizzle out in a few years.
But today, with over 153 million users in Bitcoin, the global blockchain solutions market jumped to $209.2 billion, and is still growing.
If you look at the stats, then you must know that there’s no reason you shouldn’t promote the programs.
Promotions mean access to the market, and earning some profitable coins (crypto coins or money), without a lot of work.
That said, let’s look at some of the best and profitable bitcoin and crypto currency affiliate programs.
8 Best Bitcoin and Cryptocurrency Affiliate Programs in 2020
Binance was created in 2017, by Changpeng Zhao in Hong Kong. Their offices today are located around the world to reduce Chinese influence. Today, Binance not only supports crypto-to-crypto exchange but fiat transactions as well. They also support all kinds of popular cryptocurrencies and have their own coin Binance Coin (BNB).
As an affiliate for their program, you can earn 20% commissions, which can be doubled to 40% if you hold over 500 BNB in your wallet. In 2019, that was almost a whopping $7850. Higher affiliates earn about 50%, and you can also receive sub-affiliate fees of 5-20%.
To join, you must fill this form. However, you need to have an audience of over 2,000 people or over 5,000 subscribers on any social media of your choice. You can also build a dedicated crypto community with over 500 members on any social groups like WeChat, Telegram, Facebook Group, QG, or VK to qualify. Binance also provides banners and text links for your promotions.
- Commissions: 20 – 50%
- Payouts: via all cryptocurrencies
Coinbase has been around since 2012, and they support all kinds of major cryptos with options for fiat currency. However, there are two platforms you have on Coinbase. The Coinbase itself works like a brokerage, where you can buy, sell or trade on major cryptos. Their true P2P trading platform is Coinbase Pro.
As an affiliate with Coinbase, you can earn up to 50% for your referrals first three months trading fees. They have customers from over 42 different countries and currently clocked about 20 million users. Customers can also enjoy access to insurance covers for up to $250,000. Coinbase uses Impact Radius for their affiliate program, so if you are already marketing products from them, it’s a lot simpler to join. They also provide landing pages, banners, and text links to help you.
- Commissions: 50% per referral for the first 3 months
- Payout: your local currency
Ledger Is also a reputable company. However, they are more of a storage unit than a trading system. Consider the fact that you are trading in internet-based money, so it’s obvious, you need an independent system to store that “money.” This virtual storage is more commonly called “E-wallet or wallet.” Ledger is one of the very best.
They also provide cryptocurrency hardware wallet spaces, which look like flash drives, so you can take your money completely out of the internet and reduce the chances of being hacked.
Ledger’s affiliate program is handled via Awin, they are also a global company, so your customers are everywhere. Additionally, they provide creatives such as banners and videos to boost your promotions.
- Commissions: 10% of every sale
- Payout: Bitcoin or bank transfer
Local Bitcoins.com is a place to sell or buy bitcoins for fiat currencies. They have been around since 2012 and allows trading in over 248 countries. One thing you must know is that Local Bitcoins.com isn’t like any other platform. It’s more like a portal, where buyers and sellers meet directly.
This would have meant increased chances of being defrauded, but Local Bitcoins.com has an escrow system. So, you don’t transfer your funds to the next person until your requests are satisfied.
As an affiliate, you will make 20% on all trading fees for your referrals. If you also introduce or connect a buyer to a seller on the platform, you make as much as 40%. Your referrals are paid for 12 months from the first day your referral joins the system.
- Commissions: 20%
- Payout: Bitcoin
Like Ledger, Trezor provides hardware wallets for your cryptocurrency. Like we said earlier, the safest way to store your e-money is offline. That way, you minimize security breaches or even a personal slip. As an affiliate with Trezor, you can about 12% to 15%, which doesn’t look like much. But many of their wallets sell over €700, so, there’s a lot for you.
Even more, you don’t need to have a website. You can always use your YouTube channel for that purpose. They also provide tons of promo materials to help you.
- Commission: 12% – 15% per sale
- Payout: Bank transfer or bitcoin
Changelly lets you trade in over 150 different cryptos. However, you never have to deposit your cash or coins with them, which boosts your security needs. Therefore, you have options to check out good rates and buy your crypto using just your Visa card. Nevertheless, they take a flat fee of 0.25% for each crypto to crypto exchange.
When you join up, you will receive 50% of the transaction fees collected by the platform. The fee isn’t much, but it is decent because their fees are lifetime.
- Commissions: 50%
- Payouts: depends on the currency referrals use
Billfodl has earned its reputation since its hardware wallets are made from stainless steel. According to a test by the Department of Defense, this little device can survive over 600-gallon jet fuel fire.
That means you also don’t have to worry about fires destroying. That said, you can join their affiliate program as a blogger, YouTuber, or social media enthusiast. Their affiliate program is also handled through LeadDyno, so there’s no doubt you will be in safe hands.
- Commissions: 18.75%
- Payout: Via PayPal on Fiat currency
Coinmama allows users to trade for Ethereum, Ripple, Litecoin, Cardano, and bitcoin on their platform. They have been around since 2013 and acts as a brokerage and, as such, charge a fee or 5.9%.
As an affiliate, you will make lifetime commissions, a dedicated software expert and affiliate marketing tools to boost your promotions.
- Commission: 15%
- Payout: Fiat
Mining Affiliate Programs
The above cryptocurrency affiliate programs where you get paid when your referrals buy or sell.
However, cryptocurrency also has the mining aspect, which is pretty intriguing and challenging.
Here, crypto miners need good computer hardware to solve extremely complicated mathematical problems in other to mine coins. When they solve those riddles, miners are paid by the platform with new coins. However, cryptocurrency mining isn’t for everyone. To be profitable, you have to have a dedicated infrastructure, cheap or free electricity. So, your profits are based not just on the coins you mine, but the electricity you use, hardware costs, and off-course the mining pool fee.
That said, if you have serious readership with most of your audience dedicated to cryptomining, then you can monetize hardware sales. Here you will need to market hardware from major e-commerce marketplaces like eBay, Amazon, and nVidia. However, your commissions will depend exactly on the program and hardware you are selling.
- Commissions: depends on hardware costs
- Payout: Fiat currency
- Affiliate programs: Amazon, eBay, and nVidia.
How to promote your cryptocurrency affiliate program?
Besides showing you the best cryptocurrency affiliate markets, we must also help you launch that portion of your business. So, here are tips on it:
Know the terms
Cryptocurrency networks are still considered illegal in some countries, so you should be mindful of the countries you promote them from and your audience. It is always better to focus on the global market.
Niche down is okay
A blog dedicated to cryptocurrency, but getting there with cryptocurrency alone will need a lot of work. So, using a general blog is considered more ideal sometimes, especially one that is focused on futuristic technology tools and cuts across things like Robotics, AI, and BigData. Alternatively, your blog about finance, investing, or digital security is also ideal. That way, you can build a bigger audience and use multiple affiliate programs effectively.
Be wary of what you promote
Like every new innovation, there will always be individuals looking for some “get rich quick ventures.” Sometimes, they come as participants. Other times, they come as the creators of the programs themselves, and that’s what you must be careful of. You don’t want to promote a program that goes out into oblivion overnight and ruins your credibility as well.
How to promote
Facebook and many other social platforms have banned adverts for cryptocurrency. Therefore, the best ad space in your blog. Therefore, you need to devise strategies that are based on SEO and paid search marketing to increase your community. You can also use Twitter, as it’s the most popular for cryptocurrency adverts. Again, if you must use Facebook and related products, ensure you aren’t adverting cryptomarkets directly, but selling funnels, to build your email or blog subscriptions.
Now you know all about the best bitcoin and cryptocurrency affiliate programs, it’s time to dive in. Don’t forget to use the tips shared to build a profitable business for yourself from this niche.
That said, be very cautious about each step you take here. For starters, you cannot focus on the generics but must be very authoritative about how you promote the affiliate programs you love.
Don’t also give in to flashy startups, but take a careful approach, so your credibility is never called into question. By reducing your risks with careful analysis of the systems you promote, there’s no doubt you can build a serious income stream from cryptocurrency affiliate programs.