How to get bitcoin referrals on affiliate programs

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Recently, Bitcoin is getting lots of love from the corporate community. Early this month Tesla announced a jaw dropping bid of 1.5 billion dollars in the cryptocurrency. After that, a widespread interest in the currency rose like in the gold rush good old days. Similarly there is a growing number of Bitcoin affiliate programs that allow you to get that extra bit from your efforts. However, in order to get the full potential from these platforms you have to know how to get bitcoin referrals. A descent referral list will transform into a great passive income stream for you.

Bitcoin is getting noticed

Bitcoin is getting so much attention recently. The cryptocurrency is getting a whole new meaning of legitimacy and trust due to all the investment and support. With the stock market big push the electronic currency has, the people is not afraid to invest in the coin anymore. Nowadays, you see companies considering accepting Bitcoin as a means of payment. Even Mastercard is planning to implement the electronic coin as a currency. Undoubtedly, there is a lot less skepticism lately.

The price of the Bitcoin is hitting record-high levels, reaching almost the $50,000 dollars mark each. That amount signifies a 40% increase since February 2021. That goes to show the rate the Bitcoin is moving, and how attractive it is becoming for people and businesses to embrace it as the future of electronic currencies.

There will always be hesitation when delving in the unknown. The cryptocurrency market is a new concept for the majority of people. New investors will be always concern about the real purpose and value of the coin. Specially after being considered the preferred payment method for money laundry and shady business activities on internet.

No one knows for sure if this Bitcoin ever-growing trend is a sham, or a bubble. The truth is it has remained constant and is moving even more and more adepts to jump in and invest. There are several ways to benefit from this digital gold rush, or should we say “Bitcoin rush”. You can learn how to get bitcoin referrals and earn a passive income every time that person makes a transaction. There are also bitcoin miners and currency exchange agents that are getting their cut from the cycle.

What are Bitcoin referral an partner programs

Referral programs in general are an excellent way to earn money taking advantage from your website traffic and promotional efforts. Some companies will pay you a percentage of their benefit if you send them potential customers. However, affiliate marketing is not a new concept, and currently there are many people making a living just by doing this in autopilot. Learning the methods on how to get bitcoin referrals is key to ensure your success using the program.

For some cases, the referral is required to activate or purchase something in order to trigger your earning. The terms of the programs vary from one to another, but in essence, they are all the same. You drive traffic to them, and thus, if you find people interested in selling or buying Bitcoins, they will turn into your ally.

How do these programs work?

They, for the most part, work the same way as well:

First you have to sign in one of the many Bitcoin affiliate programs available.
The platform will provide a custom URL with an affiliate id embedded on it.
You post that URL as the target for a banner or link on any source of traffic available to you.
Someone clicks your link and follows the process to create the conversion.
You earn your commission after each referral purchase.

This strategy might look a little daunting, but this is the standard procedure for every digital marketer out there. If you have a website already driving traffic, and your niche matches the demographics and criteria for the target referral profile you will most likely have amazing results.

This is not limited only to website traffic. Social Media platforms can drive insanely amounts of traffic to your affiliate links. Strategies like, brand pages and groups allow you to isolate and refine the target audience. Aditionally, there are other means, like paid advertising and content creation, which give you the same results.

The more you promote your affiliate link, the higher the probability to land with the correct person. Consistency will bring you higher chances to make a descent amount of money out of these programs.

What are the best Bitcoin affiliate programs available?

These companies normally pay your commissions in Bitcoin. This selection is based on the popularity / stability of the platform, trust factor and profitability. The 4 most recommended Bitcoin affiliate programs are:

Coinbase

This platform is the most recommended out of the 4 suggestions here. Is the one that has been around for the longest time. Throughout the system user are able to buy and sell Bitcoins using normal. currency. Furthermore, for advance accounts there are also features that let them trade using Bitcoin payments.

This affiliate program offers you the highest rate of commissions per referral transaction. Every time one of them buys or sells Bitcoin you receive the 50% of your referees’ trading fees. Additionally, you will be elegible to keep earning recurring commissions up to 3 months after the referral enrolment.

All the funds you accumulate will be reflected in your dashboard. There is no payout timeframe, this means you can request your payments daily. There is no minimum amount limit either, which means, any amount can be transferred to your Bitcoin wallet. Another cool feature of Coinbase is the insights section, with analytics of your referrals and transactions.

Ledger

This platform offers a slightly different approach to the offering. It uses a hardware based Bitcoin wallet that allows you to store your Bitcoins offline. There are different models you can choose from.

Using Ledger, the commission is 10% of the net sale. This payment will only happen once per referral. After requesting your payment, you will have to wait one month to receive it. Also, there is a minimum of 0.1 Bitcoins, to be elegible to withdraw your funds directly to your Ledger wallet. This service doesn’t offer analytics.

Coinmama

This service allows you to buy Bitcoin using a credit card. By using this affiliate program you will get the 15% on all referral purchases. The commissions will be earned for a lifetime, this means you will get your cut on every future transaction of your referrals.

With Coinmama you will have to wait one month to receive your Bitcoins after requesting your payments. However, you won’t have to gather a minimum amount to do so. Besides, this platform offers reports on the referrals activity.

Trezor

Last but not least is Trezor. Similar to Ledger this platform is a hardware based that lets you store your Bitcoins offline. it pays between 12 – 15% of commissions per sale. This will only happen once per referral. You will have to wait a month to receive your Bitcoins after requesting the withdrawal. There is also a limit of 0.1 Bitcoins to be elegible for requesting. It does not give you reports on referral activity.

How to get Bitcoin referrals?

Now we have a good idea what are Bitcoin Affiliate Programs and also what are our best bets on them. Let’s take a look on how to get bitcoin referrals. In order to do this, everything comes down to promoting your affiliate link. That is all you have to do to obtain conversions out of your campaigns. If we were to break down this process, the first step would be defining the target of your promotional campaign.

Who is that person I will be selling to? In the measure you answer this question correctly, in the ame proportion you will get even better results. Here is the profile you should be aiming to with your campaigns:

Male people signifies the 91% of the Bitcoin buyers. The other 9% is female Bitcoin buyers.
Over half (57%) of the whole Bitcoin buyer population is under the age of 34. 38% is between 35 – 54 years old. Only 5% is older than 55 years.
In terms of geography and demographics the distribution of the Bitcoin buying mass of people has to do with the validity and acceptance of the cryptocurrency. An international survey found that european nations has a higher rates of ownership of the electronic coin, with 9%. This followed by 8% in United States and 7% in Australia.
Also, in terms of interest, financial and investment services drives 8.14% of the total customer base. This, followed by software, design software and drawing and animation software with 3.72%. Further down the scale, banking services and consumer electronics.
The main detractors are:
- Finding cryptocurrency hard to understand.
- Considering it too volatile.
- Fear of loosing money by investing on it.
- Believing Bitcoin is some sort of scam or bubble.
- Appears seemingly illegal.
- Not practical to use or spend.

Following these guidelines to define our audience is key to getting quality leads. Up to this point, this is all the information we need to start a paid advertising campaign on any ads platform. We are focusing on how to get Bitcoin referrals here. However, since creating a paid ads campaign is out of our scope, here is this guide about it.

In the event we wanted to choose other promoting platforms to get Bitcoin referrals, we can choose Youtube or Instagram influencer promoting, email marketing or social media groups.

Youtube or Instagram influencer promoting

This method might not seem the easiest, because this requires a few steps prior the actual promotion. We have already identified our niche, and are ready to attack. Head towards Youtube or Instagram and find the most relevant accounts or profiles talking or covering material about the topic of your niche.

Try to identify at least 20 profiles or accounts with at least 800k or 1 million followers or subscribers. After this, prepare an email draft (doesn’t have to be so formal or stiff) soliciting that person an exchange for a shoutout on their channels. To be honest, very few of them will do it for free. Others, depending on the relevance of the account, will ask you another shoutout in your personal channels as well (so they can keep growing their fan base).

Don’t underestimate this strategy. There are many people earning a descent amount of money doing just this, without even having a website. If you don’t get any answers, or they don’t want to help, just move on. Find another set of 20 prospects and keep doing it.

Email marketing

This method is ideal for those individuals who have already a database of potential leads. If you own a website, and have been building a contacts email list, you should have a couple of thousands confirmed and niche related emails already. Providing these people already gave you the right to send them messages, you can build an email campaign using services like Mailchimp or Omnisend.

Lastly, communities like Facebook Groups can offer that extra push to your promotional campaigns. The good things about these is totally free (although it demands a little ground work before you can get to the meat and bones of your promotion). Here I’ll break the steps down on how to get bitcoin referrals using the groups tool:

First, join as many groups you can under the niche we defined already.
After you get approved, create a post in the discussion wall.
Please try to make it short and concise. Add a meaningful image and your link.
After submitting, try again with another group until you send the post to each group you joined.
People will start interacting with your post, respond any questions if any and keep the communication flowing.
Rinse and repeat. Establish a routine everyday and a coupe of different messages to send
Note: Try not to send more than 25 posts per day. Your account can be impacted if doing it so frequently.