Want to cash in on the crypto craze? Our list of the top 5 crypto affiliate programs for 2024, featuring Binance, Bybit, MEXC, OKX, and BingX, shows you how to turn your passion for crypto into profit. Join the ranks of successful affiliates and start earning.
Affiliate marketing is a fantastic way to generate additional income, particularly when promoting crypto products and services. You can earn commissions on every purchase made by your referrals, whether it’s a hardware wallet, exchange trades, or crypto loans.
In this article, we’ll explore the top crypto affiliate programs of 2024. We’ll delve into which programs offer the highest commissions, the quickest payouts, and the most straightforward sign-up process.
A Deep Dive into the Best Crypto Affiliate Programs: Full Reviews
Let’s explore how each of these top-tier affiliate programs functions, examining their core offerings, commission structures, payment methods, and other crucial details. By the end, you’ll be equipped to select the ideal cryptocurrency affiliate program tailored to your specific needs.
1. MEXC: Unlocking Up to 50% Commission on Referral Trading Fees
Core Products: Cryptocurrency exchange, spot and futures trading Commission Structure: Up to 50% on referrals’ trading fees, 10% on sub-affiliate commissions Payment Methods: Preferred cryptocurrency
MEXC, a prominent crypto exchange established in 2018, processes 1.4 million transactions per second and caters to over 10 million users globally. Its affiliate program is particularly enticing for key opinion leaders (KOLs) and content creators within the crypto sphere.
A standout feature of the MEXC affiliate program is its generous commission rates, surpassing industry standards by a significant margin. Affiliates can earn a substantial 50% of their referrals’ trading fees, along with an additional 10% from sub-affiliate commissions. This tiered structure presents opportunities for substantial passive income, especially for those with a sizeable following or network.
To participate, simply apply through MEXC’s website. Once approved, you’ll receive a unique referral code to share with your audience. The program’s global reach, encompassing over 170 countries, is another notable advantage.
MEXC prioritizes transparency, providing detailed analytics and reports on the performance of your promotions and earnings. Affiliates receive their commissions monthly in their preferred cryptocurrency, offering flexibility and aligning with the platform’s crypto-centric nature.
It’s worth noting that MEXC supports 2,700+ tokens for spot and futures trading, providing a diverse range of options for your referrals.
Pros:
- High commission rates (up to 50% on trading fees)
- Additional earnings from sub-affiliates (10%)
- Monthly payouts in preferred cryptocurrency
- Detailed performance analytics provided
Cons:
- Primarily targets KOLs and content creators
- Approval process required, not instant sign-up
2. OKX: Claim a Mystery Box Worth Up to 50 USDT for Each Referral Sign-Up
Core Product: Cryptocurrency exchange Commission Structure: Mystery box worth up to 50 USDT Payment Methods: USDT or other cryptocurrencies
OKX, a leading global cryptocurrency exchange, boasts millions of active traders and supports a wide array of cryptocurrencies, from popular options like Dogecoin and Bitcoin to lesser-known coins like Litecoin and Shiba Inu. Unlike many exchange affiliate programs, OKX offers a fixed commission rather than a percentage-based model.
This approach is advantageous, considering that most OKX users incur a modest 0.1% fee per trade. The referral program rewards each new sign-up with a mystery box valued at up to 50 USDT. However, it’s important to note that the mystery box also includes lower-value payouts in popular cryptocurrencies like Bitcoin and Ethereum.
To qualify, the referred user must be a new OKX customer and sign up using your unique referral link or code. Notably, there are no minimum deposit or trading requirements. Both you and the referee will receive the mystery box upon the referee’s successful account creation and KYC verification.
Additionally, both parties can earn an extra mystery box if the referee deposits 50 USDT or more. With no referral limits, OKX is an ideal choice for those with a blog or social media following. Getting started is straightforward: simply log into your OKX account and obtain your unique referral link or code.
Pros:
- Earn a mystery box worth up to 50 USDT for each referral
- No requirement for the referee to meet trading minimums
- The mystery box is paid once the user completes KYC
- Get an additional mystery box if the referral deposits 50 USDT or more
Cons:
- The mystery box value can be much smaller than 50 USDT
- Not available in all countries
3. Binance: A Titan’s Affiliate Program
Binance, the world’s largest crypto exchange by trading volume, offers a robust affiliate program rewarding platforms, content creators, and influencers. You can earn up to 50% on spot trading fees and 30% on futures and pool trading fees.
Key Features:
- High Commission Rates: Earn up to 50% on spot trading fees and 30% on futures and pool trading fees.
- Monthly Bonuses: Potential to earn up to $72,000 in monthly bonuses based on referrals’ futures trading fees.
- Exclusive Content Program: Earn extra BUSD for creating quality crypto content.
- Dedicated Support: Benefit from a specialized account manager, marketing materials, and professional tutorials.
To qualify: You need over 5,000 social media followers or 500+ trading group members.
4. Bybit: Leveraging High-Yield Opportunities
Bybit, a leading crypto leverage trading platform, offers up to 50% commission on spot and derivative trading fees, 5% on earning products, and 10% on sub-affiliate earnings.
Key Features:
- High Commission Rates: Earn up to 50% on trading fees.
- Diverse Product Range: Offers spot market and leveraged derivatives.
- Daily Payouts: Quick access to your earnings.
5. BingX: A Versatile Affiliate Program
BingX, a comprehensive crypto exchange, offers up to 50% commission on trading fees for content creators, community leaders, and influencers.
Key Features:
- High Commission Rates: Earn up to 50% of trading fees.
- Daily Settlements: Quick access to your earnings.
- Real-Time Tracking: Monitor your earnings and promotional data.
- Customizable Campaigns: Create tailored promotional campaigns.
Choosing the Right Program
The best crypto affiliate program for you depends on your audience, content, and marketing strategy. Consider these factors when making your decision:
- Commission Rates: Opt for programs with high commission rates.
- Payment Terms: Choose programs with timely and flexible payment options.
- Support and Resources: Look for programs with dedicated support and marketing materials.
- Target Audience: Consider your audience’s preferences and interests.
- Platform Reputation: Choose reputable platforms with a strong track record.
By carefully evaluating these factors, you can select the most suitable crypto affiliate program to maximize your earnings and build a sustainable passive income stream.
Crypto affiliate programs provide a straightforward way to earn extra income by promoting crypto products and services. As an affiliate, you’ll receive commissions whenever someone takes a specific action, such as opening an account, securing a crypto loan, or purchasing a hardware wallet, through your unique referral link or code.
The companies offering these products and services foot the bill for these commissions. It’s a mutually beneficial arrangement: companies gain new customers without upfront costs, while affiliates earn money by directing their audience to these platforms. Affiliate payouts can be in traditional currency or cryptocurrency, depending on the specific program.
Demystifying Crypto Affiliate Programs: A Comprehensive Guide
Crypto affiliate programs offer a compelling way to generate additional income by promoting crypto-related products and services. Affiliates earn commissions whenever someone completes a desired action, like opening an exchange account, utilizing a crypto loan service, or purchasing a hardware wallet, through their unique referral link or code.
These commissions are paid directly by the companies offering the products and services, creating a mutually beneficial arrangement. Companies gain new customers without upfront investments, while affiliates monetize their audience by directing them to these platforms. Affiliate payouts can be made in either traditional currency or cryptocurrency, depending on the program’s specific structure.
Unveiling the Workings of Crypto Affiliate Programs
Most programs require affiliates to establish an account, which generates a unique referral link. This link is then shared with the affiliate’s audience, be it through a blog, Instagram account, or YouTube channel. Anyone clicking the referral link is redirected to the platform, allowing the program to track the referral and ensure the affiliate receives their commission.
However, even the most enticing crypto affiliate programs come with qualifying criteria that must be met for affiliates to be eligible for payouts.
Here’s a breakdown of the two main types of commission structures offered by crypto affiliate programs:
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Revenue Share: Certain programs offer a revenue share on ongoing business generated by referrals. As an example, CEX.IO provides a 30% commission on any trading fees accumulated by your referrals. In simpler terms, if a referred user pays $1,000 in trading fees, you’d earn $300.
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One-Time Commissions: Some programs offer one-time commissions, where affiliates earn a fixed amount per referral action. For instance, Ledger offers a $10 commission every time a referred user purchases a hardware wallet using their unique link.
Should You Join a Crypto Affiliate Program?
Crypto affiliate programs can be a lucrative venture, but several key considerations come into play before diving in. Firstly, these programs are ideally suited for established platforms with a substantial audience. Without a large audience reach, attracting enough referrals to make the process worthwhile can be challenging.
Additionally, some programs necessitate significant activity levels to generate reasonable earnings. Consider Changelly’s program, which offers up to 50% on generated trading fees. While Changelly users incur a mere 0.25% fee per trade, a referral who purchases $500 worth of Bitcoin would only generate $1.25 in trading fees, translating to a maximum commission of just $0.625 for you. It’s for this reason that selecting the right program is crucial. Affiliates with smaller audiences might benefit more from programs offering flat commission structures. Nexo, for example, provides a $20 reward when referred users obtain a credit card and make three purchases.
Crypto Affiliate Networks Explained
Crypto affiliate networks function as intermediaries, connecting marketers with relevant programs. These third-party platforms typically manage thousands of products and services across various categories, not just crypto-related offerings. However, all the crypto affiliate marketing programs discussed earlier offer direct relationships, allowing you to bypass the need for intermediary networks.
Earning Potential with Crypto Affiliate Programs
Top-tier crypto affiliate programs boast unlimited earning potential, meaning referral commissions are uncapped. However, the amount you earn ultimately hinges on several factors:
- The number of sign-ups you generate
- The frequency of purchases made by your referrals
- The typical spending amount of your referrals
Imagine a successful blog with over 1 million active monthly visitors. Suppose the blog publishes an article about leverage trading strategies and directs its audience to Bybit through an affiliate link. Bybit offers a 50% revenue share on derivative commissions. Although the commission rate is only 0.055% per trade, leverage comes into play.
Let’s say a blog reader joins Bybit and initiates a $5,000 trade with 200x leverage. This trade would generate a commission of approximately $550, translating to a hefty $275 affiliate commission for just one referral.
However, not all affiliate campaigns are as lucrative. LocalCoinSwap, for instance, offers up to 20% on trading commissions, but charges a 1% fee (significantly higher than Bybit). However, it lacks leverage options, limiting its earning potential. A $5,000 trade would only generate a $50 commission, with you earning only $10 at a 20% commission rate.
Therefore, meticulously analyzing affiliate commission structures and terms is paramount. Otherwise, you risk investing significant time and effort only to realize the process isn’t financially viable.
Choosing the Perfect Crypto Affiliate Program: Key Considerations
Still undecided on the best crypto affiliate program for you? Here are crucial metrics to evaluate when selecting a suitable program:
Product:
- Credibility and Reputation: Prioritize products and services from reputable companies with a strong track record.
- Market Demand: Ensure the product or service aligns with current market trends and has a solid user base.
- Your Expertise: Choose products and services that align with your knowledge and experience. This will make it easier to create engaging and informative content.
Affiliate Structure:
- Revenue Share: Consider revenue-share models if you have a large audience and expect significant referral traffic.
- Fixed Commission: Opt for fixed commission models if you have a smaller audience or prefer a more straightforward earning structure.
Commission Rates:
- Compare Offers: Research different programs to find the highest commission rates that align with your target audience and promotional efforts.
- Long-Term Potential: Consider the potential for recurring commissions or bonuses.
Payment Terms:
- Payment Frequency: Choose programs with frequent payouts, such as weekly or monthly.
- Minimum Payout Threshold: Opt for programs with low or no minimum payout thresholds.
- Payment Methods: Ensure the program offers payment methods that are convenient for you, such as cryptocurrency or fiat currency.
Support and Resources:
- Dedicated Support: Look for programs with responsive and helpful support teams.
- Marketing Materials: High-quality marketing materials can help you promote the program effectively.
- Training and Resources: Access to training materials and resources can enhance your affiliate marketing skills.
By carefully evaluating these factors, you can select the most suitable crypto affiliate program to maximize your earnings and build a sustainable passive income stream.
