Many crypto companies, including exchanges, wallets, and blockchains, offer both referral and affiliate schemes. They use the same mechanisms – custom sign up links – but rather than being existing customers, Affiliates are independent of the service they are promoting, and generally have a dedicated website or social media; in some cases they are multi-million euro businesses in their own right.
To be an Affiliate you generally go through a separate registration process, specific to the scheme, accepting terms and conditions related to how the affiliate program works, and get access to an Affiliate system showing your referral activity.
This also gives you access to specific marketing materials like banners or landing pages, to help with the job of marketing.
Being an Affiliate is a step-up from simply referring friends and family, requiring a greater level of commitment, but the rewards are much greater.
Affiliates schemes tend to pay commission rather than fixed fees, and are more open to paying in crypto, so if you are able to attract a very active customer the potential rewards are enormous.
By working as an affiliate, you can earn revenue in cryptocurrency, or denominated in a stablecoin such as USDT. Stablecoins are tokens that represent fiat currency on a 1:1 basis. For example, 1 USDT is worth US$1.
Professional crypto traders with a large Twitter following can earn thousands of dollars from referral links, which offer new users a discount on trading fees, and pay a reward to the affiliate.
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