Referral and Affiliate Programs 101: A Beginner’s Guide to Earning Extra in Crypto

Hello everyone! How are you all doing today? I hope you’re all doing well and that life is treating you kindly. As for me, I’m excited to be here writing this blog and sharing my thoughts with you all. Today, I want to talk about something that I believe is one of the most underrated ways to earn in crypto: referral and affiliate programs.

First off, what exactly is a referral and affiliate programs?  It's actually pretty simple.

In simple terms, referral and affiliate programs are ways for crypto exchanges like KuCoin or Binance to reward their users for bringing in new customers. Referral programs give existing users a unique link or code to share with their friends, and they earn rewards like bonuses or discounts when their friends use that link to sign up for the service. Affiliate programs are similar, but affiliates can earn commissions or other rewards for promoting the company's products or services and bringing in new customers. 

So why bother with these kind of programs? For starters, they can be a great way to earn some extra income on the side. If you're already using a particular platform and enjoy the service, why not share it and earn some rewards in the process? It's a win-win situation.

Now that you have a basic understanding of referral and affiliate programs and the perks that they offer in the expanding field of digital coins, allow me to share some wonderful news with you. KuCoin, one of the leading cryptocurrency exchanges, recently launched an upgraded referral and affiliate program that is sure to catch your attention.

Kucoin Upgraded Referral and Affiliate Programs: A Simple Way to Earn Extra Income

Yes, you read it right. The referral and affiliate programs of KuCoin have recently undergone a significant upgrade!

Let me break it down for you. The People's Exchange previously announced that, whether you're a new or experienced affiliate, you can get up to a 50% lifetime rebate on every eligible trade made by invitees if you refer KuCoin to them. That's a huge rebate that you can receive for simply inviting your friends to join the platform if you ask me.

And if that wasn't enough, just a week ago, KuCoin announced a commission referral program exclusively for KuCoin users! Here's how it works: for every successful invite you make, you'll get a 20% lifetime commission. This means that as long as the referred users are active on the platform, you'll get a share of the trading fees generated by those users.

Now, to get started, users must invite friends using their unique commission referral code or referral link, which can be found on the "Referral" page under the "Limit time" tab.

When your friends join KuCoin using your referral code or link, you'll earn commissions based on the actual trading fees they pay. These commissions will be paid in the same currency as your friends' trading fees and will be sent to your KuCoin account on a weekly basis. So, the more friends you invite to join KuCoin, the more commissions you can earn. There's no limit to the number of friends you can invite, so feel free to invite as many people as you want. For example, if your friend trades $1,000 worth of Bitcoin, and the trading fee is 0.1%, you would earn $2 in commission. It may not seem like a lot, but if you refer many friends who trade frequently, those commissions can add up quickly.

If reading this blog post has piqued your interest in joining the referral program, simply follow this link to get started.

But just to make things clear, in the KuCoin exchange, the referral program is open to all users while the affiliate program is exclusive only to affiliates. You can't get referral bonuses and be part of the affiliate program at the same time. But, if you're an affiliate who wants to earn referral bonuses too, you can always reach out to your account manager to switch your bonus program.

The Takeaway

Without a doubt, both referral and affiliate programs can be a great way to diversify your income stream. By earning commissions from these programs, you can reduce your heavy reliance on any one source of income. This can be particularly beneficial in the volatile world of crypto, where prices can fluctuate wildly from day to day.

Another great benefit of referral and affiliate programs is that they can help you build your network and establish yourself as a trusted authority in the crypto community. By referring people to high-quality exchanges and wallets like KuCoin, you’ll be helping them navigate the complex world of crypto and potentially earn some money in the process. This can help you build a positive reputation and grow your network over time.

Speaking of building a positive reputation, I want to let you know that I'm also a KuCoin affiliate. If you trust my opinions and think that I have a good reputation, then you're welcome to use my affiliate link to register for a KuCoin account 🤗

All in all, If you're looking for a low-effort way to diversify your income stream and build your network community, I highly recommend giving KuCoin referral program a try.