Affiliate programs are a way for companies to incentivize the use of their product. This is true in
a lot of cases and even a lot of the bigger companies have programs like this. For example,
Adidas has an affiliate program that people can apply for. They do this in hopes that they’ll find
people to collaborate with – people that “display [their] shared passion and are creators of the
new”, according to their affiliate program description.
Bitcoin affiliate programs are no different. These programs are developed by exchanges in
hopes that it will get people to not only use their platforms but also advertise them to their
friends and family. In exchange, platforms give commission (a.k.a. free bitcoins) to the users
who successfully gather referrals. Users, in turn, use some of these affiliate programs to build
up enough revenue for a passive income. In fairness to them, affiliate programs are considered
as one of the easy ways to earn money with bitcoin.
Tons of different exchanges offer these types of promos around the web, each of them offering
different commission percentages. This means that there are some affiliate programs that offer
more opportunity than others. Let’s take a look at what I believe to be as one of the best affiliate
programs out there:
Paxful’s affiliate program
Before we get into the specifics of their affiliate program, it might be helpful to know a little bit
about the platform. Paxful is one of the leading peer-to-peer bitcoin marketplaces in the world
and the primary focus of their platform is peer-to-peer bitcoin trading. Peer-to-peer finance has
always been the vocation of their platform and with it, they’ve been able to do a lot of good
things in places like Africa. They were able to build 2 schools (along with water irrigation
systems) as well as provide scholarship to female Afghan refugees. All of this is done via peer-
to-peer finance and their cause is starting to bear more fruit with their users literally using their
platform as a means of survival – implementing real-life uses of bitcoin such as earning a steady
income, making payments much easier, and preserving the value of a struggling economy’s
Now that you know at least a little bit about the company, let’s get into the specifics of their
affiliate program. Their affiliate program can be broken down into tiers – which is why it’s
probably the best (“best” in terms of most profitable) out there. On Paxful’s affiliate program, you
earn from your direct affiliates bit you also earn from your direct affiliate’s affiliates.
– Tier 1 affiliates – These are your direct affiliates. They’re the users who signed up on
Paxful using your direct link. From these affiliates, you’ll get 50% of the collected escrow
fee per completed transaction.
– Tier 2 affiliates – If your tier 1 affiliates are those that signed up using your link, tier 2
affiliates are those that signed up using the link of your tier 1 affiliate. From these tier 2
affiliates, you’ll get 10% of the collected escrow fee per completed transaction.
*If two Tier 1 Affiliates are trading with one another then you receive 25% commission
instead of 50%
If you are able to gather enough affiliates using this program, you’ll be able to earn a steady
passive income. Imagine having a bunch of Tier 1 affiliates that are active enough to have a lot
of affiliates themselves. You’ll be earning so much from both your Tier 1 and Tier 2 affiliates,
and all you have to do is make sure that your affiliates are trading.
Securing that passive income
I see the Paxful Affiliate Program as the best because it’s the easiest to build an empire out of.
By convincing bitcoin enthusiasts to join the platform using your affiliate program, you’re helping
yourself secure the possibility of a solid passive income.
Of course, it’s possible that this specific affiliate program may not be as beneficial for you as it is
for me – and that’s okay. There are tons of affiliate programs out there to choose from and as
long as you do your research about the program and company, that should minimize a lot of the
risks – the risks of getting scammed and losing money in the process.
Featured image: Best ICO for you