- A crypto referral program is a way to earn money by inviting other people to join a crypto platform, mostly exchanges.
- Some of the crypto exchanges that offer referral programs include Binance, Crypto.Com, Coinbase, Coins.ph, and PDAX.
- When joining referral programs, you do not need to invest any money to get started. So your socialization and networking skills are a must to promote this side hustle.
Despite this current bear market, crypto enthusiasts still have a lot of opportunities to earn free crypto with little or no effort.
And if you are friendly enough and have a network in this community, joining a crypto referral program would be the perfect opportunity for you. Not only will you have the chance to expand your crypto portfolio, but you will also have the chance to contribute to the growth of the crypto ecosystem.
In this article, learn the ins and outs of earning free crypto through referral programs in 2023. We guide you through the process, best practices, and tips for successful referrals.
Disclaimer: The information and opinions expressed in this article are for educational and entertainment purposes only and do not constitute financial, investment, or legal advice. The author and the publisher are not responsible for any losses or damages that may arise from the use of or reliance on the information or opinions contained in this article.
Understanding Crypto Referral Programs: An Overview
A crypto referral program is a way to earn money by inviting other people to join a crypto platform, mostly centralized exchanges. Usually, the platform will offer a reward, such as a percentage of the referral’s trading fees, a fixed amount of crypto, or a discount on the platform’s services, for each successful referral.
Basically, you simply need to invite your friends in the community or those who want to start trading to sign up for an exchange using your referral link, and for every successful registration or transaction, you will receive a “commission,” or mostly free crypto, as a reward.
But bear in mind that the rewards are not just limited to free crypto; other exchanges also give discounted trading fees, access to some of their features, or even a ticket to participate in airdrops and token sales.
How to Participate in Crypto Referral Programs: A Step-by-Step Guide
If you are interested in participating in crypto referral programs, choose the right crypto exchange that you think offers the best benefits in the space, including:
- Binance, where you can earn up to 40% of your friend’s trading fees, depending on your BNB holdings.
- Crypto.com, where you can earn up to $2,000 for every successful referral. Your friend will also receive a bonus.
- Coinbase, where you can earn up to $10 for every successful referral that trades at least $100. Your friend will also receive the same reward.
- Coins.ph, where you can earn up to 20% of the trading commission for every successful spot trade made by your friend on Coins Pro.
- PDAX, where you can earn ₱50-worth of BTC for every successful referral that gets verified using your code.
After choosing the crypto exchange that you think suits your interests, of course, create a verified account to confirm your identity. You can now go to the referral or affiliate section of the platform to get your code; it could be a QR code, a link, or even a personalized domain.
And once you have secured your referral code, now is the time to share it with your friends and encourage them to sign up for an account and perform whatever other requirements are needed for you to claim your reward.
Maximizing Your Earnings from Crypto Referral Programs: Pro Tips and Strategies
When joining referral programs, you do not need to invest any money to get started. So your socialization and networking skills are a must to promote this side hustle. If you are not that good at creating promotional posts, you may seek the help of AI chatbots to produce them for you.
You should also identify your target audience, mostly those who are just starting out in this space. You may help them make their account and first trade easier and understand the advantages of using the exchange with which you are affiliated.
Lastly, enhance your reputation. Choose wisely which platforms you would endorse, as many scam projects use referral programs to attract more victims. In fact, the majority of the projects that the Securities and Exchange Commission tags as “Ponzi schemes” have referral programs too.
(Read more: SEC Advisories by BitPinas)
Thus, make sure to join only the referral programs of crypto exchanges and web3 projects that are reputable and can be considered institutions. Just imagine this, how will people believe in what you say if you have a history of promoting fake and scam platforms?
See? Maximizing your earnings from crypto referral programs requires minimal effort. So, do not miss out on this incredible opportunity to join a crypto referral program and start earning free crypto today!
Harness the power of your network, earn crypto passively, and become an active participant in shaping the crypto environment. Empower yourself and others to navigate the exciting world of cryptocurrencies together. Join a crypto referral program now and unlock the limitless potential of the future!
This article is published on BitPinas: How to Earn Free Crypto Through Referral Programs in 2023
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.