There are many ways to make money, but affiliate marketing is one of the most popular methods for beginners. Affiliate marketing is when you make money by either writing about something that you’re passionate about or promoting a product that you love on a website or blog. One way to make affiliate marketing more passive is by using cryptocurrency because if someone pays with BTC, LTC or any other digital currency, there’s no need for you to collect or send any physical money. That means it can be done from anywhere in the world without having to pay fees on top of what was already earned through your work. This article will explain how this works and give some examples of businesses who have found success doing this.
In this guide, we review the aspects of Affiliate Marketing With Cryptocurrency And How It Works, what is crypto affiliate marketing, best crypto affiliate programs, and affiliate marketing with whatsapp.
Affiliate Marketing With Cryptocurrency And How It Works
There are many ways to make money online, and some of them are more passive than others. If you want to make money without having to work all the time, then affiliate marketing is the way to go. But what if I told you there was an alternative way? What if I told you that you could be making a passive income while also learning how blockchain works by using cryptocurrencies as payment? Well, there actually is! This article will explain how it works and give some examples of websites and businesses who have found success with this method.
Earn Passive Income
Passive income is money you earn without having to work for it. For example, if you own a rental property and are collecting rent from your tenants, then that’s passive income. You don’t have to do anything extra or think about it; the money comes in automatically each month.
In this article we’ll discuss how affiliate marketing can be used as an effective way to make passive income in cryptocurrency. Affiliate marketing is essentially like being paid commission per lead or sale that comes through your site/listing from someone clicking on one of your links. Since cryptocurrency isn’t necessarily mainstream yet, there are fewer people using it as currency compared to other payment methods such as credit cards or PayPal (and even less so for those who aren’t tech-savvy). Affiliates will often use their knowledge about cryptocurrencies and their personal experience with them when creating recommendations for others based solely off commissions earned from affiliate link clicks leading directly back into cryptocurrency purchases through various exchange platforms like Coinbase Pro–which enables users to purchase Bitcoin Cash ABC at discounted prices compared against spot markets such as Localbitcoins where users buy using cash instead of crypto assets such as BCH ABC tokens.”
Paying with Crypto in your Business
Accepting cryptocurrency as payment is a great way to reach a new audience. In fact, there are many people who are interested in getting paid through cryptocurrency and would be very happy if you offered such an option. There are several different ways that you can accept crypto as payment in your business:
- A merchant account allows you to accept credit card payments using cryptocurrency. This means that when someone wants to buy something from your store or website, they will be able to choose which cryptocurrencies they want to use for their purchase (and how much). The merchant account will then take care of the exchange between the customer’s chosen currency and fiat currency before depositing it into your bank account.
- An API (application programming interface) allows developers at both ends of the transaction—your business and your customers—to communicate efficiently with one another without having access or control over each other’s private information or data storage systems.* A payment gateway connects buyers securely with sellers through financial institutions such as PayPal®, Stripe®, Square® etc.* A wallet stores public/private key pairs associated with an address on blockchains so payments can be sent/received in digital wallets such as Metamask™ for Ethereum based tokens like ERC20 compliant tokens
Learn the Lingo
You may have heard of cryptocurrencies. These are digital currencies, like Bitcoin and Ethereum, that can be invested in just like stocks or bonds. They’re also called altcoins (alternative coins) because there are so many to choose from.
Cryptocurrencies have a lot of buzz lately due to the skyrocketing value of Bitcoin and other popular ones like Ripple and Dash. While some people might wonder what all the fuss is about, others are jumping on board with their wallets open wide—and it’s easy to see why! It’s an exciting time for those who want to get involved in cryptocurrency investment because prices are climbing while more companies adopt blockchain technology into their business models every day.
what is crypto affiliate marketing
This guide will cover everything from how cryptocurrency works to why companies use affiliate marketing networks and how to choose the best crypto affiliate networks from the ever-growing list.
Top Crypto Affiliate Networks
Crypto affiliate offers are usually high-paying and popular offers; there’s a lot of potential for affiliate marketers and brands that want to get started in this niche as it grows — particularly mobile-based affiliates.
Crypto affiliate networks and apps are continually growing in popularity and are a hot topic. The cryptocurrency market itself is worth an estimated US$350 billion, despite experiencing a crash earlier on in 2018.
Mass digitization has made this possible, with investors now moving a significant part of their focus to the crypto space and including key cryptocurrencies in their portfolios.
Digital currencies such as Bitcoin and Ethereum have rapidly grown to prominence and are particularly profitable choices for many investors.
Other popular options are the cryptocurrencies known as Tether, XRP, Cardano, Avalanche and Polkadot. There are more than 10,000 cryptocurrencies available, and it’s only increasing.
Crypto affiliate programs themselves are useful because they offer an alternative way to advertise products. Many businesses use the networks to boost their sales and trading volumes and grow their customer base.
The networks usually use social channels, for example, affiliate marketing on Twitter and Facebook, to help achieve this.
Leading Affiliate Network with Top Paying Crypto Offers Start promoting & earning from the highly lucrative & booming crypto market. Enjoy personal assistance, outstanding CPAs, tools, prompt payments & more. Learn more
Leading Affiliate Network with Top Paying Crypto Offers
Start promoting & earning from the highly lucrative & booming crypto market. Enjoy personal assistance, outstanding CPAs, tools, prompt payments & more.
What is cryptocurrency?
Cryptocurrency, also known more simply as “crypto”, is a type of digital currency first and foremost, and it has many virtual uses–it counts as a digital asset.
Once a problem, security fears today are largely allayed because cryptocurrency transactions get protected using cryptography, securing them via codes.
Top Crypto Affiliate Networks
Essentially encryption algorithms convert the original message into ciphertext to prevent their interpretation. Transactions get recorded in a blockchain database, and users cannot spend the same coin twice.
The big difference between crypto and standard currency, ultimately, is that the former doesn’t have a regulating authority; the system is decentralized and records transactions as well as issues units as required.
A traditional middleman such as a bank or payment processor does not need to be part of the equation, enabling global transfer 24/7, often with low fees.
Top Crypto Affiliate Networks
How does it work?
Using a peer-to-peer network–a network that allows two or more computer systems to connect and transfer resources.
All transactions get recorded on a public ledger that uses blockchain technology.
The transactions are public, but that doesn’t mean the details of the people trading are; instead, all users stay anonymous at all times–a crucial part of why they’re so popular in the first place.
Bitcoin website screenshot
Bitcoin is a good and open-source example of a cryptocurrency and facilitates fast peer-to-peer transactions, worldwide payments, and low processing fees.
Seven decimal places subdivide Bitcoins–a thousandth of a bitcoin is a “milli”, and a hundred millionth of a bitcoin is known as a “satoshi”.
It’s important to mention that Bitcoin may be exchanged for cash as any other asset through dedicated cryptocurrency exchanges–transactions may also occur in person or on other communication platforms.
Using Bitcoin affiliate networks is easier than ever before, and Bitcoin affiliates themselves make good use of a wide variety of payment options.
There are more than 10,000 cryptocurrencies available, and it’s only increasing. The largest cryptocurrencies by market cap–at the time of writing–are the following:
There are 300 million crypto users worldwide and over 18,000 businesses use cryptocurrency payments.
Why crypto companies use affiliate marketing networks?
If you’re wondering why companies use cryptocurrency affiliate programs, the answer is because they offer distinct benefits.
These crypto networks typically offer high commission fees for new referred customers. For instance, Binance features a 20-40% lifetime rate for every customer–these programs have created several millionaires.
Then there’s the ease of access, so anyone with a reliable connection to the internet can use them.
There are startups today primarily funded by cryptocurrency, creating new opportunities for investors wherever they’re based, and encouraging those who may not typically be interested to get involved.
As no one owns the transaction record, the transaction fees are often small, or there are none at all–this can vary to some degree–with a reduced processing time and faster, safer transactions.
Keep in mind that payments made by cryptocurrencies can’t be reversed or cancelled for fraudulent purposes, which protects both publishers and crypto affiliates.
Payments made by credit or debit cards require users to enter sensitive information; crypto is sent directly to the recipient with no additional data available to be stolen–helpful in increasing trust.
How to choose the best crypto affiliate program?
With so many crypto networks out there and the list growing every day, how do you choose the right one for your company?
The answer is to focus on a few key areas and go from there–doing so will help you arrive at the best affiliate network for you.
It’s an obvious one, but an area that still requires some thought before committing. Not all networks offer the same commission rates, and they differ significantly.
For instance, some Bitcoin affiliate marketing programs pay only 5% commission while others offer up to a maximum of 50%.
Ideally, you need to find a network with a high commission rate and a top reputation to back it up, which brings us to our next point.
Reputation and support
As with most things, some brands are more reliable than others, and generally, the best affiliate programs have built up their quality over time and can quickly prove it.
You also need to look out for the support they provide; for instance, some networks might offer something like a program-specific WordPress plugin that can help make it easier for you and your blog posts to get published.
Another area sometimes overlooked is the list of payment methods. Your ideal network will offer as many as possible and pay via cryptocurrency quickly and securely.
They may even support specialist crypto payment gateways, such as Coinbase and Spectrocoin, as these tend to make transactions smoother overall. Be sure to check that the network offers robust security measures that can also ward off hackers.
Remember that the central difference between a regular affiliate program and a crypto one is in the form of payments.
A crypto affiliate program will take payments in cryptocurrency and the payouts will often follow this. In our directory, we have a compilation of the top crypto affiliate networks for your mobile marketing strategy.
best crypto affiliate program
Bitcoin & Crypto Affiliate Programs
1 Binance Affiliate Program
Binance was founded in Hong Kong in 2017 by Changpeng Zhao. Since then they’ve relocated their offices to territories outside Chinese influence to ensure they can operate their business as they see fit.
Binance got started as a crypto-to-crypto exchange but rolled out support for fiat transactions in 2018. This crypto exchange supports all major cryptocurrencies, including Binance’s own coin: Binance Coin (BNB).
What’s great about Binance, is that anyone can become an affiliate and earn 20% commission. This rate can then be doubled to 40% by holding 500 BNB on your Binance wallet.
At press time this costs $7850 to do, but can definitely be worth the investment for the dedicated affiliates out there.
Lastly, there’s an application you can fill out to join the 50% commission tier although it has somewhat strict requirements and a manual approval process.
One cool feature of the Binance affiliate program is the ability to offer your referrals a kickback of 5%-20% (essentially a lifetime discount for them).
This comes directly out of your commission. This offer could incentivize more signups through your links. Run the numbers and see if it’s worth it for you!
With that being said you can’t really talk about crypto without mentioning Binance, so you might as well take the affiiate commissions that come with that territory.
Commission rate: Up to 50%
Affiliate payment method: All Cryptocurrencies (whatever referrals trade-in)
2 Coinbase Affiliate Program
Coinbase was founded in 2012 and has a mission of creating a more equal world through the model of decentralized currencies.
That’s a pretty lofty goal, but that’s the general direction the world seems to be moving towards – a world where fiat currency becomes optional.
This is a more traditional cryptocurrency crypto and bitcoin trading platform (and wallet) because you can use fiat currency to buy any of the major cryptos, but you can also receive payment from them via PayPal.
Coinbase is a brokerage, meaning you purchase crypto directly from them. Coinbase Pro on the other hand, is a true exchange and P2P trading platform, featuring extremely low trading fees.
To date, the exchange has handled US$150 billion in cryptocurrencies, for 20 million customers spread across 42 different countries.
What makes Coinbase attractive as a crypto exchange is that they provide insurance coverage for up to $250,000, as well as keeping most of their data offline.
In terms of their crypto affiliate program, you earn a percentage of your referral’s trading fees.
And there’s no limit to the number of people you can refer to Coinbase, so there’s no real limit on how much affiliate commissions you can earn.
Most importantly, Coinbase uses Impact as their affiliate program manager. If you haven’t been set up on Impact before, you’re in for a treat. This is one of the cleanest ways to get an overview of your affiliate marketing efforts.
Commission rate: 50% of referral trading fees for the first 3 months
Affiliate payment method: Your local currency ($, £, €, etc.)
3 Coinmama Affiliate Program
Coinmama started out in 2013 as a brokerage for people looking to buy Bitcoin and Ethereum but has since expanded so that you can now also buy Ripple, Litecoin, Cardano and other cryptocurrencies there.
If you have Bitcoin that you want to sell Coinmama is also happy to help you do that.
The downside of this is that brokers have to charge a fee, so you usually pay that bit more than you would with private trade. Or in dollars and cents, an additional brokerage fee of 5.9%.
The Coinmama affiliate program pays you 15% of all purchases made by your referrals for the lifetime of their accounts. Not bad!
They also use the affiliate tracking software cellxpert to easily track your affiliate marketing efforts.
Commission rate: 15% on all referral purchases, forever
Affiliate payment method: Fiat
4 Changelly Affiliate Program
Changelly is one of the younger cryptocurrency exchanges, but also one of the most popular.
They allow you to trade in over 150 different cryptos, and without ever having to deposit any of your coins or cash with Changelly.
Instead, you just look for the best rates across dozens of exchanges and make your trade. With that being said, you can buy crypto on the site using your Visa card, so Changelly is more of a hybrid exchange than one for absolute purists.
Exchanging crypto for another crypto will incur a flat fee of 0.25%, and there are no other hidden or unexpected fees.
Earning money with the Changelly affiliate program is done by either adding their widget to your site or using a referral (affiliate) link that you can place anywhere.
Once your referral signs up for an account, through either method, you’re then entitled to 50% of all transaction fees charged to them by Changelly.
Similarly to Binance, the more coins are traded, the more cash you make.
Commission rate: 50% lifetime
Affiliate payment method: The currency referrals trade in
5 CEX.IO Affiliate Program
Launched back in 2013, CEX.IO is a Bitcoin and cryptocurrency exchange that allows customers to buy crypto in minutes with a debit or credit card and withdraw it to a card or bank account in just a few clicks.
It’s amassed a user base of around four million people, thanks in no small amount to its solid reputation — as demonstrated by ratings of 4.7 on Trustpilot and 8.4 on BitDegree.
While CEX.IO is always looking to increase the number of cryptocurrencies it works with, it’s a stickler for due diligence. Every coin on the exchange has to pass through a strict verification process, which is pretty reassuring where meme coins seem to appear, take off, then vanish overnight.
The company’s crypto affiliate program is open to existing CEX.IO customers, plus any blogger, influencer, publisher, or content creator with a qualifying app or website.
Sign up and you’ll earn a 30% commission on all qualifying trades and purchases made by customers you refer to CEX.IO within a 30-day cookie window. Payments can be withdrawn via debit or credit card, bank transfer, or to your Skrill wallet, and will be added to your balance 14 days after the original transaction.
To make life easier, you’ll get support from a dedicated affiliate manager, plus access to regularly updated marketing assets — including banners and landing pages.
6 LocalBitcoins Affiliate Program
LocalBitcoins is an online marketplace for those of you who want to buy or sell Bitcoins for fiat cash.
The company was set up in 2012 by Finnish entrepreneur Nikolaus Kangas, based on his belief that cryptocurrency will fundamentally change how finance works.
His site allows you to trade Bitcoin in 248 countries, including the United States.
Unlike an exchange, Local Bitcoins users are trading directly with each other – the site simply acts as a portal for those trades to take place.
Person-to-person crypto trades usually involve a small amount of risk, but LocalBitcoins deal with that by using a crypto “Escrow wallet”. This minimizes your risk to almost zero.
Affiliates get paid 20% on all trading fees for every trade your referral makes. And if you introduced both buyer and seller to Local Bitcoins you’ll make 40% commission instead.
Commissions are paid for 12 months from the date your referral becomes active on the platform.
Commission rate: 20% of fees for all trades, per user
Affiliate payment method: Bitcoin
7 Trezor Affiliate Program
Trezor does one thing, and they do it very well – they make hardware wallets for your cryptocurrency.
One of the biggest benefits of cryptocurrencies is that they’ve allowed us to decentralize our finances, storing our currency in the blockchain rather than a bank account.
But, in one of the largest cases of irony yet, the very last place you want to store your cryptos is online.
The main reason for this is because of the risk of a security breach, or a personal slip-up, resulting in the loss of the entire contents of your wallet.
So, the two most secure options available to you are storing your private key on paper or in a hardware wallet, like those that Trezor manufactures.
Affiliates earn 12% – 15% per sale for a Trezor wallet and considering that their high-end wallets cost over €600, there’s money to be made here.
Hardware Cryptocurrency wallets do tend to be a once-off purchase, so Trezor would be one of the bolt-on crypto affiliate programs for your authority site.
Commission rate: 12% – 15% of each sale
Affiliate payment method: Bitcoin or bank transfer
It offers exchanges on more than 450 currencies via its desktop site, plus its mobile apps for Android and iOS, which have generated more than 10,000 installs since the company launched back in 2018.
Perhaps the best thing about SimpleSwap is that users don’t need to create an account or store deposits on the platform, which safeguards customers against financial theft.
At time of writing, SimpleSwap’s affiliate program pays a 0.4% commission on each exchange made via the platform, although it notes that this rate can change at any time.
The program has a 30-day cookie window and offers four ways to refer customers: by affiliate link, API, banners ads, and an on-site widget.
As you might imagine, commissions are paid out in Bitcoin, with a minimum threshold of 0.008 BTC (currently equivalent to about $160).
Payouts will be made within three days of your request.
Commission rate: 0.4% of each exchange made via SimpleSwap
Affiliate payment method: Bitcoin
affiliate marketing with whatsapp
What are the ways of making money from WhatsApp?
People often ask me; how can I make money on WhatsApp? And below is my answer;
I have heard of the WhatsApp earning app, Whatsapp T.V, and so on. Also, most people use their Whatsapp accounts to advertise their offline business with the hope of getting more customers.
Also, Read; Medarchive Whatsapp TV: Biggest Medical WhatsApp TV In Nigeria
There are lots of other ways through which you can make money from your WhatsApp account, I will list some of them below.
But in the end, I will show you the best way to make money on WhatsApp.
1. Creating a viral content
There are lots of URL shortening services online that pay people for generating traffic once they invite their contacts to click on the link.
Such websites make money by running adverts for companies.
An example of a URL shortening service that can pay someone for generating traffic for them is shorte.st.
People who earn money from this register with such URL shortening services using their email address and password.
Once they have created an account, they have access to lots of viral content which comes in the form of videos, articles, news, etc. So they shorten the link to such articles and videos and share them with their WhatsApp contacts. And the more clicks they get on their links, the more money they earn.
2. Paid Per Download Networks
Some other companies pay people to help them market their videos, mobile apps, and pictures. The job of these persons is to post such videos on their Whatsapp status, groups, and broadcast lists, hoping that their friends will download them.
The more downloads they generate for the company, the more money they make.
3. Promoting Applications
This works just like the paid-per-download Network. The more downloads you generate for the owners of the application, the more money you make.
Why I Hate The Above Methods of Making Money on WhatsApp?
I personally do not like the above 3 methods I listed on how to make money on WhatsApp, and here is why;
I am a very private person, and I hate spamming people’s inboxes with links because it is unethical. And I bet a lot of people reading this post also share similar values with me.
It is not advisable to spam people’s DMs on WhatsApp even if they are your close friends, if not they may not mind blocking you for good or muting your messages.
But of course, whatever you post on your WhatsApp status is your business, and you cannot be banned or penalized by anyone because of it.
But there are ways of ethically maximizing the little views you have on your Whatsapp status and start making good money.
4. Affiliate Marketing; The Fastest and Best Method to Make Money on WhatsApp
I started affiliate marketing some months ago, and here is what I noticed;
Most affiliate marketers rely just on organic traffic from Google, Email Marketing, Paid Adverts on Facebook, Google, etc to make sales…Only about 2% of affiliate marketers utilize the power of WhatsApp in increasing their conversion rates.
Affiliate marketing is the secret answer to how to make money on Whatsapp in Nigeria or wherever you may be all over the world.
But you need to learn how to make good sales from the right people before you actually launch into the process.
Do not make the mistake I made within the first months of my starting affiliate marketing. I did everything on my own without the help of anyone. And it only wasted my time and mental energy which I could have spent on other things.
All I needed was a mentor, someone who has done this before, and pay whatever price it would have cost to turn my Whatsapp into a cash-breathing application on my android phone.
My story in affiliate marketing started turning around for good when I a friend introduced me to a 72IG WhatsApp Income Generator program (72IG Implementation Program); 12 days of training in affiliate marketing.
This program taught me how to generate organic traffic and make my first sale on the Expertnaire affiliate marketing program using my Whatsapp, Facebook, and Twitter pages.
In the course of my training, I met great masterminds like Toyin Omotosho; a Nigerian 9-figure income super affiliate on Expertnaire and the founder of the 72IG Implementation Program. I also met other top 7-figure income affiliates on Expertnaire.
Why WhatsApp is the Best Platform to Scale Your Affiliate Business
1. It is Easy to Manage
WhatsApp requires no special technical know-how to operate. It is arguably the simplest messaging app with the largest number of users.
2. You Reach a Wide Audience Easily
WhatsApp is one of the best ways to get tier 1 organic traffic for your affiliate links, websites, and blog.
More than 75% of adults globally use Whatsapp as their major messaging app. So you can reach a wide range of audiences if you employ the right tactics which you can learn from the 72IG training. Or from the video, I will embed below.
3. You can Easily Track Your Audience
WhatsApp Business app has a lot of features that can help you track all your clients and customers who indicated an interest in your business.
4. You Have a Loyal Network of Fans
In the Whatsapp space, you have a consistent number of people who engage with your posts if you apply the right strategy.
There is a potential that once in a while, you may market an affiliate product that will be appealing to them.
5. It saves a Lot of Money
The traffic you gain from WhatsApp is completely free and organic. It helps you save the cost you spend on paid adverts on Google, Facebook, Instagram, and Twitter.
6. You can Incorporate Coaching, Training, and Webinars
I made my first sale on WhatsApp after a free webinar I conducted to teach people the introduction to web design.
Organizing free classes and tutorials is among the best ways one can make affiliate sales on Whatsapp, and it is very easy to organize.