In crypto ecosystems there are numerous strategies with which it is possible to obtain passive income, the best known: Staking, Yield Farming, Cloud Mining, Crypto Interest Accounts, Lending, Dividend Earning Tokens, Forks and Airdrops, Multilevel Marketing (about this one I wrote an article), just to mention a few examples. Another business scheme, and subject of this article, is affiliate marketing, a promotional model used by all platforms that facilitate cryptocurrency trading to attract new customers.
Example from: KuCoin
The difference between multi-level marketing (MLM) and affiliate marketing is that in the former, you can create and organize a group of people who will sell products for you and where you get a commission for the sales they make. A very different scheme is affiliate marketing, where you just promote a referral link to a certain product or service and get rewards for inviting a new customer.
In cryptocurrency affiliate marketing, also called, cryptocurrency referral programs or cryptocurrency affiliate programs, provide an excellent means of earning cryptoassets passively by sharing your referral link and encouraging users to visit the site or register on the platform.
Example from: StormGain
In cryptocurrency affiliate programs users receive a unique referral link, which they use to invite their friends (and their friends' friends), providing them with flexibility to convert rewards earned from referrals to any supported cryptocurrency or simply to fiat money. This business scheme is a "win-win" for everyone; the different platforms gain new customers without the need to promote themselves and invest in paid advertisements, the referring user gets commissions or rewards and the referred user, in many cases, receives discounts, bonuses, etc.
As a cryptocurrency trader, or simply as a hobbyist, you can use these affiliate programs of the different platforms as a way to earn passive income, in many exceptional cases and without any investment. You just have to share your unique affiliate link using different promotion and marketing methods. You will find other real examples of this type of sites at the end of this article.
Example from: PrimeXBT
Affiliate programs do not cost the user anything and are usually only a very small part of the advertising done by companies, the main objective being to attract new investors. While it is true that cryptocurrency-related promotions are not yet fully accepted by advertising platforms such as Facebook, Youtube and Google there are other methods "to spread the word" so that those interested in cryptoassets trading receive your referral link, creating your own website or blog with cryptocurrency-related topics could be a good way to start advertising yourself as a crypto-affiliate.
To sum up, cryptocurrency affiliate programs allow you to sign up and promote digital assets such as Ethereum, Bitcoin, Binance Coin, Tezos, Tether, Polygon, Dogecoin, Cardano, Litecoin and more. In the cryptocurrency industry, the rewards for being an affiliate and promoting your link can range from a simple discount (such as commissions on exchange transactions) to high monthly rewards, which could provide users with passive income not to be underestimated.
Tools, Platforms and Applications:
Note: Related to the links, what is marked in parentheses are the invitation or referral codes that in some cases are necessary to receive the reward or bonus. The promotions offered by the different tools, applications and platforms tend to vary over time, I recommend that you do your own research.
Some of the best Hardware Wallet or Cold Wallet: 🔐💰
Remember that it is one of the few places where your cryptoassets will be truly secure.
- Ledger (
553b0c2d2056GHXOZE) | BixBox02 (
9qhM1vbhe20FkIPQ) | Ellipal Titan (
7114862.6897e230FkIPQ) | Keystone (
- CoinMarketCap (
NELT6UUC) - The world's most recognized website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders).
- TradingView - Charting platform and social network (Indispensable tool for traders).
- Furucombo (
cft91oe77sps70fltak0) - Tool to integrate multiple applications of DeFi protocols into a single transaction
Some cryptocurrency exchanges (Uncensored):
- StormGain (
BNS16466839) - Very useful especially for beginners because they can start without investment and without risking their own money. Upon registration you receive a bonus of ~3 USDT. The capital is acquired with the Bitcoin Cloud Miner. Go to the Bitcoin Cloud Miner section, click the green Activate button to get your first mining reward, repeat the operation every 4 hours, withdraw when you reach $10 (in BTC). The capital obtained in mining will be used only to invest in the platform, the profits obtained by the operations if they are withdrawable to the portfolio of your choice.
- QuantFury (
JRRU2593) - After registering, you receive free cryptocurrencies or a share of a company (such as American Airlines, Uber, Apple or directly Bitcoin or Ethereum) worth up to $250.
- CoinInn (
2x9ygk) - Upon registration you receive a bonus between $500-$750, non-withdrawable, only for trading, valid for 6 days, profits are withdrawable to the portfolio of your choice.
- KuCoin (
rBPYVZS) | BingX (
GHXOZE) | CoinEX (
85eqt) | MoonXBT (
z3v6ho) | BiBox (
0FkIPQ) | PrimeXBT (
526609) | BitYard (
kZnnxp) - After registering on the platforms you begin to receive different types of bonuses.
“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami (existentialist philosopher, poet, essayist, musician, singer, designer and lyricist).
"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius (Roman Emperor).
"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.
REMEMBER THAT YOU ARE ALSO REWARDED FOR READING THE PUBLICATION, CLICK ON THE "☆ TIP" BUTTON AND RECEIVE YOUR REWARD. TIPS ARE FREE!
Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.