Bitcoin price is ballooning, and the cryptocurrency industry is rife with opportunities to make money almost everywhere you look. Crypto enthusiasts can buy and HODL coins, trade Bitcoin on margin for a profit, stake tokens using DeFi applications, and much more.
However, one of the easiest ways to earn additional income is also the most commonly overlooked. Referral programs at cryptocurrency trading platforms, apps, exchanges, and other crypto industry companies often can yield substantial results due to the rapidly growing industry and how quickly adoption is unfolding.
While others focus solely on holding, staking, or one other single segment, others are taking advantage of every tool to make money they have at their disposal. To help guide those with more ambitious financial goals, we’ve put together the list of the most profitable referral programs in crypto.
PrimeXBT
PrimeXBT is an award winning platform offering cryptocurrency margin trading as the main focus, or the meat and potatoes of the experience. The Covesting copy trading module lets followers copy the trades of more successful strategy managers, and make money passively. Newly launched Covesting yield accounts on PrimeXBT also provide direct access to the most popular DeFi protocols like Curve, Yearn.Finance, Uniswap, and others to achieve some of the best APY rates passively around.
But beyond the long and short positions on forex, stock indices, crypto, and commodities, PrimeXBT offers one of the most profitable referral programs around, in part because those promoting their referral URL have all the above to boost about. Plus, PrimeXBT makes it easy to share a custom referral link with friends and family on social media or elsewhere.
If a user signs up using the referral link, a 20% commission is earned on all trading fees generated from that user’s trading turnover. What makes the PrimeXBT referral program especially lucrative is the fact that if the newly referred user also uses their own unique referral link, not only will they also earn 20% on the user they brought it, but the first referrer also earns a commission. The first user can earn commissions up to four levels of referrals – letting anyone who is socially active build a viral network of commission-generating referrals.
Payouts are made daily via BTC, ETH, USDT, or USDC – whichever the cryptocurrency of choice the user trades with. However, users can also easily convert earnings using PrimeXBT’s built-in exchange tool in the account wallet system. The top three referrers combined are approaching $10 million USD worth of referral commissions.
Lolli
A referral program is only lucrative if the users you share the referral link with actually are interested in signing up. Referred users will sign up only if they’re being offered a clear value. In the case above, the value is so much using just one account, but other attractive offerings include something for free.
For example, Lolli offers one of the best referral programs in crypto, because the pitch is that any user can simply get free Bitcoin for doing very little. Lolli pays users in crypto in two ways: through a daily BTC stack awarded by opening up a treasure box, and by earning BTC-back on everyday purchases at retail partners Lolli works with.
Lolli was once a browser extension only, but now is offered as a mobile app. Promoting the app earns anyone $1 for a referral sign up, and both the referral and the original user each get $5 after the first purchase is made. Free BTC from the daily stack can amount to as much as 100,000 satoshi, and BTC-back reaches as high as 25% or more in some retailers.
Retail partners include Macy’s, Best Buy, GameStop, Nike, and more are being added regularly. Since everyone shops at these retailers anyway, promoting Lolli is a no brainer and can actually do your friends a favor when they get Bitcoin back for free. And remember, as little as $1 in BTC ten years ago would be worth millions today, so don’t sleep on some free Bitcoin.
Trezor
When people first get involved in cryptocurrencies, they are warned of a few important rules. For example, you should never disclose to others how much crypto you hold, as it could make you a target for hackers. Also, you should never invest more than you can comfortably afford to lose. And we don’t just mean because crypto is a risky investment that could go to zero.
We say this because crypto assets are commonly stolen as part of exchange hacks and other issues, which brings us to the last frequently given piece of advice: keep assets in cold storage if you aren’t actively using or trading them. Crypto should consider having both a hot and cold wallet for cryptocurrencies. A hot wallet like exchanges are a must for regular use, but for longer-term storage, moving to a Trezor is best.
Because cold storage hardware wallets like Trezor are so widely recommended and for good reason, it makes promoting a referral link an easy sell and another referral link you can actually feel good about because you will be offering friends and family a value – and safety. Trezor also makes it worthwhile with an extremely lucrative referral program that pays out in BTC.
Trezor graciously offers between 12-15% commissions on each hardware wallet sold, minus VAT and any shipping costs. Payouts are made monthly via wire transfer or Bitcoin, but we’d only recommend BTC since any referral commissions that are made get added to any long-term crypto holdings.
Trezor also provides banners, text, educational videos and more to help move products and make commissions more profitable for both parties.
Summary
No matter which program you pick, providing value to an audience is part of what makes any referral effort profitable. It doesn’t matter how high of a commission a platform, app, or product offers, if no one wants what is being offered, it won’t generate any commissions or revenue – which defeats the purpose of a referral program at all.
Stick to the list above if you want to find the most profitable program that also offers the most value.