June 22, 2020

Best Cryptocurrency Affiliate Programs With High Conversion Rates [2020]

Even if you are not an investor (or maybe you are!), you can earn on the side just by referring crypto-savvy individuals to crypto exchanges & services, using your affiliate marketing links. They invest and earn, you earn, and the cryptocurrency affiliate programs partner earns—everyone is happy.

Without wasting much time, let's get to it. Here are some factors you should definitely consider before choosing the best cryptocurrency affiliate program.

Factors to Look for Before Choosing a Cryptocurrency Affiliate Program

1. Service Popularity

There are probably as many Bitcoin affiliate programs out there as there are fishes in the sea. While many of them are legitimate, some are startups (which come with the usual risks of a startup), and some are just outright scams, set up to defraud unknowing investors. Some of them have scammed people of bitcoins worth thousands and even millions of dollars.

It's no secret that in comparison to the projects that have already earned public trust, promoting new projects is far more difficult.

The first step you should take is to do some serious background research about the various brand operators and focus only on reputable and regulated crypto affiliate programs.

You want to find out about the quality of their services. You want to know how well they cater to the queries of their customer, and you want to check out the user's comments on the overall quality of the program.

It's not just your traffic, but the brand, the product quality, and its related services that determine how well your offers will perform.

2. Commission Rates

While some people may join a crypto affiliate program because they have a personal passion for it or because it complements their business offerings, most people do so to earn a little money on the side.

If you belong to the latter category, this means that the amount you're paid is important. So you should always find out or ask about the commission rate you can expect to earn.

A lot of the good companies will likely offer you between 10 to 50 percent per transaction, which can provide a fairly healthy boost to your account balance.

3. Marketing Tools for Affiliates

As an affiliate looking to earn a commission, it's only ideal that you partner with a company that has a strong marketing strategy and a number of banners & creatives to draw people in.

Look for everything from extensive reporting tools to monthly discount codes, so that visitors to your website, YouTube, or social platform can easily be converted into their customers.  

4. Payout Frequency

Even though some people are not really bothered by how frequently they receive payments, those in need of immediate money, or those who like to keep track of exactly how much they’re earning, might want to pay attention to how often an affiliate program credits their accounts.

Some networks pay daily, some weekly, and others, monthly. So, if you're an immediate cash reward kind of person, or you just like to have your cash in hand ASAP, you might want to give preference to those with a lesser payout frequency.

5. Mode of Pay

Although a number of affiliate programs will pay you by the good ol' bank transfer, there are crypto affiliate programs that are more than willing to pay you in bitcoin, similar currencies, or even withdrawal via PayPal.

It’s entirely up to you to decide based on your preference. Do make sure to find a program that can give you exactly what you want.

Here are some of the popular cryptocurrency affiliate programs out there for you to consider:

Top 6 Best Cryptocurrency Affiliate Programs 2020

1. Binance

Binance Affiliate Programs

Binance is a very popular cryptocurrency exchange operating worldwide and in multiple languages.

The platform has its own currency, Binance coin or BNB and covers over 100 cryptocurrencies, giving you all the options you'd be interested in buying or selling.

It has a user base of over 6 million, making it easy to promote, and it has one of the best crypto affiliate programs out there. One of the most attractive features of Binance is its low trading fee.

Once you register, you can easily locate the referral program link on your dashboard to get your unique affiliate ID and link which you'll be promoting to your audience. Be sure to make it nofollow.

Requirements to Join

To get started with binance, you need to provide personal details such as your full name, country, gender, a government-issued ID or passport, and a selfie of you holding the same ID.

Commission Rates

When it began, the Binance affiliate program had a high commission rate of 50%. This commission is a portion of the fees paid by your referrals for each trade they complete.

However, as the platform grew in popularity, the commission rates were reduced to 20%.

For example, if one of your referrals performs a trade for which he is charged 1 Ripple (XRP), you earn 0.2 Ripple (20%) of it. While it may seem small, you can refer as many people as possible, as there's no referral limit.

You can also get double that amount (40%) in commissions if you have up to 500 BNB or more in your account with them.

Commission Type

The Binance affiliate program operates a shared revenue commission type where you earn 20% of the fees/commission paid to the company by your referral, upon trading.

Fees

When trading with Binance, you pay a trading fee of 0.1 percent. However, this fee reduces to 0.075 percent when you trade in BNB.

Payment Method

Binance pays in cryptocurrency. For maximum efficiency, they pay in the same currency your referral trades in, and the funds are immediately sent to your wallet. That said, the standard cryptocurrency for payments is Bitcoin.

Binance pays a minimum amount of 0.001 Bitcoin.

Why is Binance Cool?

It gives you a 20% referral bonus on the trading fees paid by your referrals. Moreover, you can share a percentage of this bonus with your referral, thereby benefiting them as well. Your commission is also sent to your wallet in real-time.

Drawbacks

The threshold for payouts is 0.001 Bitcoin.

2. Coinbase

Coinbase affiliate programs

Coinbase is another popular currency exchange and wallet for businesses and individuals to trade cryptocurrencies like bitcoin, ethereum, litecoin, and others. Their services are available in the US and many other countries.

Coinbase has its own cryptocurrency, USD Coin (USDC). If you own a US dollar bank account, 1 USDC can be redeemed for a fairly stable 1 USD.

Requirements to Join

To sign up to coinbase, you need to be at least 18 years of age or older and have an email account. You'll also need to provide a username, your address, bank details, and your website's URL.

After that, you can then verify your account by submitting relevant documents. You would also need to connect your debit or credit card if you want to make any purchases.

Commission Rates

The Coinbase affiliate program currently earns you a 50% commission on all fees your referral pays during his transactions for the first 3 months (90 days) of joining the platform.

Commission Type

The Coinbase affiliate program currently implements a revenue-share type of commission, where you get paid when your referral trades.

Coinbase also has a cookie duration of 30 days.

Fees

Compared to other cryptocurrency affiliate programs, coinbase charges really huge fees. It also provides a premium platform though, which to some, justifies the high pricing.

They charge a flat fee, based on the amount invested by a user, in addition to a spread fee (a 0.50% markup) on the prevailing market price of cryptocurrencies.

The flat fee is $0.99 for an order of less than or equal to $10. For greater than $10 but less than or equal to $25, the fee is $1.49. Greater than $25 but less than or equal to $50 attracts a fee of $1.99 and greater than $50 but less than or equal to $200 attracts a fee of $2.99.

Greater $200, Coinbase charges 1.49% of the transaction.

Payment Method

The commission payout threshold is quite low as payments are issued when commissions exceed $50 USD or the local equivalent.

There are two main ways you can receive payment: by bank transfer or PayPal.

If you’d like the bank transfer method, you need to set up your banking details on the Coinbase affiliate dashboard. Also, coinbase pays out once a month.

Approval Time

Once you've submitted all necessary information, a screen with the words “we're verifying your ID” will appear.

Generally, the verification process should take 2 to 3 minutes. Once verified, you will receive a confirmation email to that effect.

Why is Coinbase Cool?

Coinbase is one of the simplest and most reliable companies out there. It offers a whopping 50 percent of your referral's fees. Signing up is also pretty straightforward.

Overall, it is a great bitcoin affiliate program to make some side cash.

Drawbacks

Although the commission rate is quite high, you get part of your affiliate's fees for only three months.

3. Changelly

changelly affiliate program cryptocurrency

Changelly is an exchange company that supports multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Zcash, and many others. Purchases can also be made using Visa and Mastercards.

Changelly is not exactly an exchange. It is more of a non-custodial crypto exchange service, in the sense that when you purchase cryptos through Changelly, you’re actually buying them from another exchange.

So, Changelly actually provides you with a doorway to other exchanges (Binance, Poloniex, Bittrex, and HitBTC), in a bid to provide the best price for you real-time.

Requirements to Join

As far as sign-ups go, Changelly requires only your email ID to get you started. Yes, you read that right. You don't need to type in any other personal info, and there's nothing like an account verification or validation; at least, for now.

Although, with no history of security breaches, it looks likely to continue that way.

You would also need to have a valid wallet to transact on Changelly.

Commission Rates

For each transaction your referral makes on Changelly, you earn 50% of the total commission that the company earns.

This deal used to be permanent. However, Changelly has adjusted this 50% commission to work for only 90 days starting from when your referral registers on the platform. This is actually a short referral period.

Commission Type

The Changelly affiliate program currently implements a revenue-share type of commission, where you get paid when your referral trades.

Changelly's cookie duration is 30 days. So, even if a referral clicks on your link but doesn't register immediately, your referral link would remain tied to them for 30 days.

Fees

Changelly charges a transaction fee of 0.5% for coin to coin transactions.

There's also a 5% fee and 5% simplex processing fee on credit card purchases.

Payment Method

Payments are made almost instantly, within 24 hours after you make a request.

Also, payments are made in Bitcoin equivalent.

Why is Changelly Cool?

Changelly doesn't require any personal information, registration, or verification to sign up.

Drawbacks

Reviews for the company are mixed. TrustPilot is currently giving it a two-star rating from 474 total reviews.

Older reviews do suggest that the company is generally reliable and they try to respond to customer service issues.

Another common issue is the high fees, especially for transactions in USD and Euro.

4. Coinmama

coinmama best cryprocurrency affiliate programs

Coinmama is one of the popular bitcoin affiliate programs out there.

Despite the huge controversies surrounding the company, coinmama remains a classic bitcoin affiliate program that has been in the market for many years and is based in Bratislava, Slovakia.

Apart from Bitcoin, you can also buy Ethereum, Litecoin, and more, using either euro or the US dollar. It does seem that, at the moment, you can only buy via Coinmama, sales are not possible.

Requirements to Join

Coinmama's account verification process is a bit of a long, strict one.

Coinmama has different account levels. Each level comes with certain limits, which ease off at higher levels. In other words, as you approach your spending limits for a level one account, you'll have to provide more personal info to get you verified for level two, in which case, your limits will increase.

However, to start, you need to at least complete the verification processes for level one. To do that, first, you have to create an account. Here, you'd be asked to fill in your first and last names, email address, and country of residence.

You’ll then receive an email with a confirmation link with which you can start the verification process. Next, you'd need to add your personal details, like your address, phone number, and date of birth.

In addition to these, you'd be asked to provide proof of your identity, like colored scans of your government-issued photo ID, such as your driver's license or passport (US customers can only use a driver’s license or non-driver’s ID card). You'll also need to hand-write "Coinmama" on a piece of paper.

Lastly, a picture of you holding the same ID you uploaded and the paper on which you've handwritten "Coinmama" will be required.

Approval Time

Approval for a level one account doesn't take long, and can be done in as little as fifteen minutes, provided you've uploaded the correct documents. Other levels can take up to 6 hours or more.

Commission Rates

With the Coinmama bitcoin affiliate program, you earn 15% commission for each purchase made by your referral.

They also provide coupon codes for affiliates. So, you can use such discounts to entice your referrals.

Commission Type

Coinmama operates a shared revenue type of commission where you earn 15% of the commission the company gets from your referral. It's also a lifetime commission meaning that you can keep earning for any referral you already have. Coinmama's cookie duration is unknown.

Payment Method

Payments are made monthly, in Bitcoin.

Why is Coinmama Cool?

Though verification is cumbersome, it takes only a few minutes. In addition, you get this sense of security and peace of mind.

Drawbacks

Coinmama is not a classic exchange. It's a bitcoin affiliate network that only offers the possibility of buying Bitcoin. No option to sell. So if you are looking for a platform to buy and (profitably) sell crypto currencies, you should look elsewhere.

Also, the company does not provide its own wallet. This means that if you want to buy Bitcoin coins via Coinmama, you'd have to already have a digital wallet.

Their fees are considered to be on the higher side, and generally, reviews of the company are not too positive.

5. Trezor

trezor cryptocurrency affiliate program

Trezor is one of the most secure, popular, and trusted cryptocurrency hardware wallets worldwide. It is designed to help people manage their cryptocurrencies.

Trezor provides cryptocurrency security, password management, 2-factor authentication, and an intuitive interface.

Requirements to Join

To join the trezor affiliate program, the main requirement is that you must be at least 18 years or the legal age of your country to receive payouts.

In addition, your referrals must be in a region eligible for the delivery of Trezor's product.

The other requirements are generic, such as not engaging in illegal activities and solicitations with your content, website, and other materials. Also, they should be free of adult content, violence, and ethnic or racial hatred.

Commission Rates

The Trezor affiliate program has two tiers: the first tier offers 12% commission while the second tier offers 15% commission when someone buys a Trezor device or service through your affiliate link. So your commission depends on your affiliate tier.

You should also note that the commission is based on the net sale amount. In other words, it doesn't include VAT and shipping charges.

Commission Type

Trezor offers a referral share commission type, where you earn 12-15% of the amount paid by your referrals to the company per sale.

Payment Method

Currently, Trezor only pays commissions by two different methods—Bitcoin, for very low fees and Wire/SEPA (USD, EUR, and CZK), for standard banking fees.

With Bitcoin payment, transfers are completed in less than one hour, and it can take several business days for wire transfer.

You can only receive payments for conversions that have been approved and are older than 35 days. Payouts are processed on the first day of the next calendar month after you have met the required payout threshold.

You also need to have a balance of 100 EUR for Bitcoin transfer or 200 EUR for wire transfer.

Why is Trezor Cool?

The Trezor hardware wallet is extremely secure, and they provide great customer support.

Drawbacks

Because the commission is earned per wallet sale, it's only a one time commission, rather than a recurring one.

6. Ledger Wallet

ledger wallet affiliate program cryptocurrency

Ledger Wallet is another hardware wallet, and it follows the same general principles as the Trezor wallet. Although some persons consider the Ledger wallet to be slightly inferior to its Trezor counterpart, it does look and feel nicer.

Requirements to Join

You only need your email and your Bitcoin (BTC) address to join the ledger wallet affiliate program.

Commission Rates

The ledger wallet affiliate offers you a 10 percent commission per sale. The commission is offered per the net sale amount (that is, excluding VAT and shipping).

Ledger also offers reports and promo materials to help you get more conversions.

Commission Type

Like Trezor, Ledger also offers a one time bounty of 10 percent per net sale you drive to the company.

Payment Method

The Ledger wallet affiliate program pays in Bitcoins.

Why is Ledger Cool?

Reviews for the company are positive and their customer service is decent too.

Drawbacks

Because the commission is earned per wallet sale, it's only a one time commission, rather than a recurring one.

Choose Your Crypto Affiliate Program Carefully

There are many crypto affiliate programs out there. Regardless of the one you choose, there's a lot of money to be made.

While the commissions may not seem like much, as you refer more people, it'll slowly build up to something noteworthy, especially if your affiliates trade in large amounts. Afterall, little strokes fell great oaks.

FAQs

1. Can You Make Real Money from Crypto Affiliate Marketing? And How Much Can You Make?

Definitely! There's no magical way to earn a quick buck and the same can be said for cryptocurrencies.

Like any other form of affiliate marketing, you need to invest time, money, or both in order to earn a decent income.

The amount you can earn is determined by two things:

The number of customers you can refer

Are you referring one person per month, or are you referring a hundred people per day?

The “quality” of customers you are referring

Are you referring small, everyday buyers, or are you referring big investors with a lot of paper in their pockets, looking to purchase as many digital assets as possible?

These are the major determinants of how much you can actually make with cryptocurrency affiliate programs, like other forms of affiliate marketing.

2. Are There Crypto Wallet Affiliate Programs?

When it comes to cryptocurrency hardware wallets, the most popular providers are Trezor, Ledger, and KeepKey. All three of them host cryptocurrency affiliate marketing programs.

When you refer someone who purchases their product, you get a commission. The only downside is that the commission is a one-time bounty type, and there's no possibility of continuous earning from a single referral.

3. Which Affiliate Networks Pay in Bitcoin?

Between wire, bank transfer, PayPal, and bitcoin, there are many different payment methods that crypto affiliate programs employ.

A lot of the affiliate programs employ the bitcoin payment option. Binance, Coinmama, Changelly, Trezor, and Ledger wallet all have an option to send your payments in Bitcoin.

4. Can I Make $1000 a Month with Crypto Affiliate Marketing?

When you're just starting out, this figure might seem elusive. However, if you put in the work, you might just be able to make this figure, and maybe more in due time.