Crypto affiliate programs have become a necessary tool for the growth of crypto platforms. The competition has become stiff as new crypto startups launch every day. Taking part in affiliate programs is seen as such a flex move for enthusiasts and influencers alike.
If you are looking to start making money online in 2023, you need to consider the following crypto affiliate programs.
How do Crypto Affiliate Programs Work?
Crypto affiliate programs allow individuals or organizations to earn a commission by promoting products or services related to cryptocurrencies. These programs can be offered by crypto exchanges, wallet providers, or other companies in the crypto industry.
You can easily join a crypto affiliate program by following these steps:
- Sign up for an affiliate program at a crypto company of your choice. You will receive a unique code that you can share with others.
- Promote the company through the link or code you obtained by sharing through your website or social media accounts.
- Every time a person uses your referral link or code to sign up and use the crypto service, you will get a commission. The commission is usually a percentage.
The Best Crypto Affiliate Programs Compared
We took a look at the best performing crypto affiliate marketing programs and made a comparison based on affiliate commission, affiliate type and referral duration. Here is a quick overview of the affiliate comparison.
# | Company | Commission | Type | Referral Duration |
---|---|---|---|---|
1 | Binance | 40% | Trading Fee | Life-time |
2 | eToro | $400 | Signup/Trade | 1 time |
3 | ByBit | 30% | Trading Fee | Life-time |
4 | Paxful | 50% | Escrow Fee | Life-time |
5 | WazirX | 50% | Trading Fee | Life-time |
6 | Sorare | 10% | Revenue | 1 Year |
7 | Uphold | $100 | Signup | 1 time |
8 | Bitvavo | 50% | Trading Fee | Life-time |
9 | Nansen | 20-30% | Subscription | Life-time |
10 | Coinbase | $10 | Signup | 1 time |
Best Crypto Affiliate Programs to Try Out in 2023
Crypto affiliate programs can be a good way for you to earn passive income by promoting products and services you believe in. Without further ado, here are the best programs to take a look at in 2023:
#1. Binance
- Company: Cryptocurrency Exchange
- Type: Trading Fees
- Affiliate Commission: up to 40%
Binance offers an affiliate program to parties that want to promote its products and services in return for a commission. The affiliate program initially had a commission rate of 50%, but it has been reduced to 20% with the option of earning 40% if the affiliate holds 500 or more Binance Coins (BNB). The commissions to affiliates are paid out on a daily basis and hence, make for a pretty decent passive income.
The commission is based on the trading fees of referrals, and there is no cap on the number of referrals an affiliate can have. Apart from the commission, Binance also gives rewards (in BNB) for referring new users to the platform.
Binance is one of the well-known crypto-trading platforms with a global presence and multiple language options, making it easy to promote. The affiliate program can be a good way for individuals to earn money by referring others to the platform.
#2. eToro
- Company: Cryptocurrency Exchange
- Type: Signup
- Affiliate Commission: up to $400 per signup and $1000 trade
eToro is a large cryptocurrency and stock exchange and offers one of the highest paying crypto affiliate programs. They have huge payouts for their affiliate partners of up to $400 depending on the tier and negotiations. Drawback: You will only receive payment for users who trade $1000 on the exchange. eToro is a great exchange for beginners as it is easy to use and allows you to copy other traders.
eToro offers a variety of products and services for all types of investors. They offer 0% commission stocks, fraction stocks, ETFs, cryptocurrencies and CFDs.
Payments will be made via various payment method, including Skrill, Neteller and bank transfer.
#3. ByBit
- Company: Cryptocurrency Exchange
- Type: Trading Fees
- Affiliate Commission: up to 30%
Bybit also offers a referral program for individuals and organizations who want to earn commissions by promoting its products and services. The commissions are payable on a daily basis. Bybit gives rewards (in BYT) to partners who refer new users to the platform. The commission rate starts at 10% and can go up to 30%.
The referral program has a high conversion rate, with approximately 60% of referred users making trades on the platform. In addition to earning commissions on trades made by referrals, affiliates can also earn a cut of the transactions made by other affiliates they refer to the program. Bybit’s referral program is one of the best in the industry.
#4. Paxful
- Company: P2P Exchange
- Type: Escrow Fees
- Affiliate Commission: up to 50% on escrow fees
Paxful is a peer-to-peer cryptocurrency marketplace that allows users to buy and sell Bitcoin using over 300 payment methods. The marketplace offers an affiliate program that pays individuals for referrals who make transactions on the platform, as well as for referrals of those referrals.
The commissions come from purchases made on the platform using your referral link. Any purchases made from direct referrals earn you 50% of the escrow fees while any purchases made from referrals of referrals earn you 10% of the escrow fees.
Hence, the larger the team you have, the more you earn.
#5. WazirX
- Company: Cryptocurrency Exchange
- Type: Trading Fees
- Affiliate Commission: up to 50% on Trading Fees
WazirX is a cryptocurrency exchange based in India with over 600,000 users. The exchange offers an affiliate program that allows individuals and organizations to earn commissions by promoting its products and services.
To be eligible for the program, affiliates must have at least 5,000 followers on at least one of the following channels: Twitter, Telegram, YouTube, LinkedIn, or Instagram. The affiliate program offers a high reward payout of 50% of the trading fees paid by referrals.
Previously, referral rewards were paid out in the markets that the referrals traded in, but going forward, they will be paid in WRX tokens, which can be held or traded.
#6. Sorare
- Company: NFT-Game
- Type: Revenue
- Affiliate Commission: 10% of revenue
You can become a Sorare affiliate and make money by promoting global fantasy football, baseball and basketball with officially licensed player NFT-collectibles.
Sorare is a sports NFT-Game, covering soccer, MLB and Basketball.The company offers one of the best NFT affiliate programs that we could find. They pay its affiliates 10% of the revenues of referrals for the first year. The company is working with impact and allows you to monitor sign ups, purchases and signups in a transparent way.
Revenue for Sorare NFTs can be quite high when considering that some Sorare player cards have sold for several hundred thousand dollars. 10% doesn’t sound like alot at first glance, but can end up being a high payout over time.
#7. Uphold
- Company: Cryptocurrency Exchange
- Type: Signup
- Affiliate Commission: up to $100 per signup or 50% Revenue Share on your referrals during your first 3 months
Uphold is a great cryptocurrency exchange with over 7 million users.Their affiliate program pays up to $100 for new signups. This is a one-time payout. There is also the option to sign up to 50% Revenue Share for the first 3 months of signup.
Uphold is a well established exchange that operates in many countries and offers advanced crypto trading tools. The company is working with impact and allows you to monitor sign ups, purchases and signups in a transparent way.
#8. Bitvavo
- Company: Cryptocurrency Exchange
- Type: Trading Fees
- Affiliate Commission: up to 15-50% on Trading Fees
Bitvavo is a European crypto exchange with more than 1.2 million users. They offer a 15-50% commission rate on trading fees for the live-time of a trader. The commission percentage depends on what rate you negotiate with the company.
Bitvavo does not only have a high payout, they also have a great platform which is worth promoting. The company offers you a wide range of promotional tools such as trading widgets, chart widgets, banners and logos to help you advertise.
#9. Nansen
- Company: Crypto and NFT Analytics Tool
- Type: Subscriptions
- Affiliate Commission: up to 30% (including Bonus) per subscription
Nansen offers real-time crypto and NFT insights and has a subscription based business model. You can earn 20% on recurring subscriptions that sign up through your platform.
You can receive bonus payments of 25% and 30% for more than 6 signups per month.
Nansen subscription fees vary from $116 to $133 depending on whether the user buys and annual or monthly subscription.
#10. Coinbase
- Company: Cryptocurrency Exchange and Wallet
- Type: Signups
- Affiliate Commission: $10
Coinbase offers a referral program for individuals who want to earn commissions by promoting its products and services. You earn a commission when someone uses your referral code to sign up and subsequently make a qualifying purchase or trade on Coinbase.
The referral program pays a commission of $10 for both the referrer and the referral when the referral makes their first purchase of $100 or more on Coinbase. The referral program is easy to promote due to Coinbase’s established brand and can be a good option for individuals looking to target crypto newbies.
However, the referral commission is only $10, so it may not be as lucrative for referrals who trade or buy more than $100 worth of crypto.
The commission amount depends on the type of product or service purchased and the country of the referral. The commissions are payable to referral partners on a monthly basis.
Final Thoughts: The Most Lucrative Crypto Affiliate Programs
There are many other crypto companies offering affiliate programs that we have not covered here. It is upon you to do your due diligence before enrolling in any affiliate program. Generally, you want to go with companies that have been established and have a name in the crypto sphere. These are likely to pay out well and on time.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.