The world of digital assets lets anyone become a sovereign individual not bound by borders or even banks. These growing digital economies do more than just exchange assets – there is margin trading, passive investing, lending and borrowing, copy trading, play-to-earn, and the list of alternative uses grows by the day.
However, there is one often overlooked way for digital asset users or cryptocurrency holders to make money off the community’s growth itself. Affiliate revenue programs reward platform users for helping the platform grow by bringing in more new users. As those new users trade and utilize products and services offered by the platform, they’ll generate fees for which the original person who referred the user will earn some income.
These incremental affiliate programs have made well-known traders with large followings a fortune in a win-win situation for both the users and the platform. Even if you don’t have a massive audience, there’s still plenty of money to be made by referring friends and family or by making videos on YouTube to promote affiliate links. The potential is endless; you just need to pick the right platform.
Top Five Best Crypto Affiliate Programs
Here is a list of the top five best crypto affiliate programs around and what all these programs have to offer. We will also attempt to pick a winner based on the information below.
PrimeXBT
PrimeXBT offers up to 40% commissions across four levels of sub-affiliates. Many programs have since copied the idea and have added sub-affiliates, but none are as extensive as PrimeXBT. The initial user will earn a commission from any users they bring into the platform, as well as any users that the referred user brings in. Shockingly, the program keeps going, adding in yet another level where any user that the third user in the chain brings in also earns the original user a commission.
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The net result in time is building an extensive network of commission-generating users. If you enlist the right user, who happens to bring in an influencer as one of their levels of users, the earnings can be dramatic. Substantial amounts of crypto rewards have been paid out to users in BTC, ETH, USDT, and USDC. Commissions are paid out daily to a PrimeXBT account which can then be used for trading, staking, or copy trading.
Earnings can easily be exchanged from one cryptocurrency to another. Unlike other programs that have approval processes, require invasive information, or a massive following to be eligible, PrimeXBT is all-inclusive, offering a unique referral link to all users from within the account dashboard. Users can take advantage of this URL by sharing it with friends, family, and members of the financial community.
Binance
The Binance affiliate program lets users share a unique referral link for up to 50% on every qualified trade, according to the website’s terms. Commissions are earned across Binance Spot, Futures, Margin trading, and even Binance Pool.
To qualify as an individual to join the Binance affiliate program, a user needs at least 5,000 followers or subscribers on one or more social media platforms. “Financial” or “opinion leaders” with a community of at least 500 or more users are also eligible. Businesses or organizations must have a user base of 2,000+ with at least 5,000 daily visits.
Up to 50% commissions are only available for spot affiliates with more than 500 referred traders. Otherwise, it is 41% for spot and up to 40% for Futures Affiliates. Confusingly, during the signup process, users must specify if they want to be a Spot or Futures affiliate or both. To attract new users, affiliates are offered up to a $50 new user signup bonus package to offer community members.
OKEX
OKEX beats Binance in their total commissions offered with up to 60%. But like Binance, the highest commissions are only on qualified products and services. There are also far more hoops to jump through in order to start earning commissions. Rather than needing a certain amount of followers, commissions don’t kick in until five new users are invited and actively begin generating fees. Active users must also claim a mystery box to qualify.
Affiliate membership also isn’t permanent and must be maintained with at least 10,000 in total trading volume every 30 days across all invitees. If your friends and family aren’t whales, this might be a tough number to reach regularly.
The 60% claim is also quite misleading, with up to 30% being possible without a sub-affiliate involved. Essentially, sub-affiliates can piggyback onto affiliates and share their commissions with the primary affiliate. OKEX also has a list of stringent rules that can lead to removal from the program. They also don’t credit rewards for trades with special fee rates or rebate cards, so new traders you brought in with promotions often aren’t even eligible for commissions.
KuCoin
KuCoin‘s affiliate program details are a lot more like PrimeXBT’s and are just as transparent. KuCoin offers the same up to 40% commissions for users like PrimeXBT, and lets the user earn an additional 5% in commissions off second-level commissions. This falls short of the four levels offered by PrimeXBT but is another quality program.
Similar to Binance, KuCoin only accepts affiliates with more than 5,000 followers or 500 community members. Businesses, media outlets, and crypto companies are also eligible but must apply. If qualified, a KuCoin representative will reach out to connect to the program.
Affiliates must bring in at least 100 registered users every quarter and are subject to a quarterly assessment to ensure requirements are met. Commissions are paid on a weekly basis.
ByBit
ByBit is yet another program with sub-affiliates as part of the offer. ByBit claims they offer an “industry-leading” 30% commission which is the lowest on this list. Even with 10% sub-affiliate commissions added, the program has the least profitable offer out of all platforms.
That said, the website provides the most details about the program out of any other platform and provides data to back up why you should join the program. For example, they claim to have an over 60% conversion rate and have paid over 5600+ BTC in commissions.
The platform provides data transparency and real-time tracking metrics and a dedicated business development manager. To become an affiliate, you must apply and supply information to ByBit that a ByBit manager must then approve. Although there is analytics once you’ve joined the program, there isn’t a lot of transparency on the requirements or qualifications.
Conclusion
Due to the lack of barriers preventing everyone who uses the platform from entering and due to the nature of how the affiliate network has the potential to grow, if you are investing your time in any affiliate program, the most profitable has proven to be PrimeXBT. With up to 40% commissions and four levels of sub-affiliates generating income for you, over time, this network can help to grow capital at a rapid pace.
The funds can later be cashed out to be used as income or simply be used directly on the platform to fund a margin trading account. PrimeXBT also offers the Covesting copy trading module, APY-generating yield accounts, and other ways to make money on top of the highly lucrative affiliate program.
