Best Bitcoin Affiliate Programs in July 2018
If you run a website, blog or YouTube channel in the crypto space, there are several ways to monetise your content. Popular options include advertising, creating online courses and affiliate marketing. In this guide we go through some of the best Bitcoin affiliate programs available.
Affiliate marketing vs advertising
When we created this website our plan was always to keep our guides free, so you wouldn't have to pay a monthly fee to view them. Of the methods available, we considered advertising and affiliate marketing.
In the end we chose affiliate marketing because many Bitcoin-based companies offer affiliate programs, and many of these were relevant to our content. Also over 2017 & 2018 there has been a lot of controversy around advertising services displaying scams. The potential of this happening on our website put us off advertising completely (although recently companies like Google have made an effort to fix this problem, so we're running adverts on our YouTube videos currently).
Ethical & legal affiliate marketing
Although many services in the crypto space are legitimate and trusted, certain types of services aren't, where they're either unethical or not legal to promote in certain countries. Be very careful around these types of services:
- Cloud Mining is where a company sells a certain amount of mining power for a certain amount of time, for example 1TH of Bitcoin mining for 1 year. In principle this is similar to mining yourself, but the economics of this are very complex, where generally it's much more risky than just mining yourself (where the company offering the mining is offloading risk to their users). For this reason, you need to be very careful promoting cloud mining, ensuring that you warn users about the potential risks. Services in this category include HashFlare, Genesis Mining and CCG Mining. Back in 2017 and early 2018 we used these kinds of affiliate programs, often discussing the risks involved, but since stopped because the risk for users was too high and promoting it seemed very unethical.
- Gambling is a grey area in the crypto space, where there are many gambling websites offering crypto deposits and high % commission affiliate programs. Given the risks involved in gambling, promoting this kind of website seems very wrong ethically, so we've never done this on our website. Also be aware that promoting gambling to users under 18 or in general may not even be legal in the country you operate in, potentially leading to users or regulators taking legal action against you.
If you disagree with the information above, or consider an affiliate program listed below to be unethical or inappropriate, then please get in touch. You can contact us on this page.
The above said, below are all the Bitcoin & crypto affiliate programs we think are the best in 2018 (and the ones we use on our website!). We list the commission for each of these, and give a short summary of each program and why we use it.
This is a crypto to crypto exchange that became very popular in 2018 and has a great reputation as being secure and trustworthy. Their affiliate program offers commissions in a range of different cryptocurrencies rather than just in USD or BTC, where you seem to get your commission in whatever coin a users pays fees in (allowing you to gain small amounts of popular coins).
Commission: 20% of Binance fees for referred users indefinitely (users holding more than 500 BNB get 40%).
Both of these are crypto to crypto exchanges like Binance & HitBTC. We use affiliate programs for a range of these crypto to crypto exchange because many coins are only available on one or two of them, so we'd include the most relevant ones alongside a particular article/video.
One thing to note is that Kucoin had an affiliate program in late 2017/early 2018 but they disabled it on the 12th January 2018. They then sent an email saying they were re-opening it again on the 5th May 2018, so we're skeptical of this particular exchange (as they might disable it again).
Commission: 20% of Kucoin fees for referred users for 1 year.
Commission: 10% of Cryptopia fees for referred users indefinitely.
This exchange is more useful for experienced traders, offering very high leverage for margin trading (up to 100x). Trading with leverage is very risky, so we tend to only refer this exchange when writing about margin trading, and give warnings when we do.
Commission: 10% of BitMEX fees for referred users indefinitely, up to 20% if referred users trade with > 10k Bitcoin (the person you refer also gets a 10% discount on fees for 6 months).
We've found it very difficult to find respected exchanges that cover lots of countries, allow fiat deposits/withdrawals and are secure/reliable. Most of the recommended exchanges we found ticked 1 or 2 of these boxes, but not all 3. To our knowledge CEX.IO meets all 3 criteria, and so we include CEX affiliate links alongside a lot of our content. They have a very competitive affiliate program offering income in USD a page displaying visits, registrations, deposits, orders and affiliate commissions per day or monthly.
In early 2018 there have been a lot of negative posts about CEX on Reddit, but we haven't experienced any of these reported issues. See comments by 99Bitcoins on this for more info, and contact us if you have concerns. The only issue we've had is that minimum trade, deposit and withdrawal amounts are quite high, so trading with small amounts on CEX.IO can be difficult.
Commission: 30% of CEX.IO fees for referred users indefinitely.
This is a very popular peer-to-peer Bitcoin exchange (with buyers/sellers in 248 countries as of writing this), allowing you to send/receive money from someone local to where you live. Similar to CEX and HitBTC, they offer a high commission for referred users, although only for 3 months after someone signs up, not forever, so we don't use this affiliate program very often.
Commission: 40% of LocalBitcoins fees for referred users for 3 months.
Similar to Binance, this exchange also offers crypto to crypto trading, although user opinion of it is more negative than Binance with many users reporting slow resolution times (they seem to respond fast, but take a while to fix the underlying problems). We investigated these claims, and HitBTC do seem to be very slow to resolve issues. Their affiliate page for example has had technical issues for several months.
If we see any legitimate proof of foul play, we'll stop promoting this exchange immediately and remove it from this page, but for the time being we've just stopped linking to it very often. Try contacting them on Reddit if you have issues yourself, they're fairly active.
Commission: 50% of HitBTC fees for referred users indefinitely.
Brokers & CFD Trading Platforms
Brokers & CFD trading platforms are a popular alternative to exchanges, where although you can't buy cryptocurrencies directly, many argue that you can buy them more securely as they're regulated more heavily than most exchanges. In the UK for example, if a regulated trading platform goes bankrupt or loses funds, a certain amount of your money is often backed by the government.
IQ Option is a popular platform for trading assets like stocks, forex commodities and cryptocurrencies. They offer a good range of crypto and have great affiliate tools, although they require strict verification before you can use their affiliate program (it took us several emails back and forth before we were able to enable our affiliate account).
IQ Option also have a sub-affiliate program, where if you refer other affiliates you earn commission from people that person refers. Click here to sign up to their affiliate program via our affiliate link. When using affiliate links to this website, you'll likely have to include a disclaimer like the one below.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Commission: 50% of IQ Option fees for referred users indefinitely.
Commission: 5% of IQ Option fees for sub-affiliate referred users indefinitely.
Plus500 has a good reputation as a CFD trading platform, and offers much lower spreads on cryptocurrencies than alternatives like eToro and IQ Option, as well as stop loss and trailing stop loss functionality on crypto. It also offers a different selection of cryptocurrencies than competitors, currently offering IOTA (which eToro doesn't at the time of writing this).
This website offers both an affiliate program for their trading platform, and for their affiliate program itself similar to IQ Option, where if you refer other affiliates you get a percentage of their commissions, perfect for content like this guide.
A drawback of Plus500 is that you need to post related content promoting them before you can use their affiliate program (compared to all of the other programs on this page which only require your domain to be verified). We're currently awaiting verification ourselves and hope that this promotion will be sufficient to pass their verification.
Commission: Awaiting confirmation.
eToro is a popular platform for trading crypto in 2018, so we currently use their affiliate program alongside related content. Although their site is mostly based around CFDs, they allow users to buy crypto directly (although when shorting it, that still uses a CFD and has fees for keeping trades open).
eToro has a few drawbacks though where they have high fees when trading and withdrawing money, and don't offer stop losses for crypto. See our analysis of these drawbacks here. The affiliate dashboard for eToro is also very outdated, where many buttons/charts don't work.
Commission: 25% of eToro fees for referred users indefinitely.
This is a popular & trusted hardware wallet, which is a physical device you store cryptocurrencies on and considered very secure, as even if your computer is hacked coins stored on this device are safe. A drawback is that from our experience their affiliate program doesn't have great returns, where we've had thousands of views on Ledger affiliate links but just a few purchases via these links.
Commission: 15% the sale amount.
Cryptocurrency coin trackers (sometimes called portfolio monitors) are used to track your investments across multiple exchanges and wallets. Specific features vary between the below sites, but all of them provide integration with exchanges via their APIs where available, basic charts for current coin balances & their fiat (USD) value and a history of past trades.
This platform provides useful features like tax reports (and other useful reports), experimental Bitcoin forecasts & viewing realised/unrealised gains; the main goal seems to be around reports & visibility into your portfolio. This platform has reasonable pricing, but charges per year rather than per month.
Commission: 20% of referred sales (the person you refer also gets a 10% discount).
Compared to CoinTracking, this is more based around trading and offers advanced features for trading across multiple exchanges. Reporting is very basic compared to CoinTracking.
Commission: One-off $15 payment when a referred user starts a paid subscription (so not great compared to CoinTracking).
Similar to Coinigy, this is another tool based around trading, offering a range of features like advanced charting tools, cryptocurrency trading ideas (by other popular traders) and support for a range of exchanges.
Commission: 30% of referred sales.
This is our own coin tracker. Our affiliate program isn't live yet, but it's currently in development and will offer a commission competitive to the 3 services above.
When researching VPNs this option was very popular and had a competitive affiliate program, so we currently include associated affiliate links next to relevant content.
Commission: 33% of referred new & recurring sales indefinitely.
This VPN company is high up in many VPN comparisons in 2017. It's slightly more expensive than other options like Private Internet Access, but is very fast and makes a big deal out of security, so is very relevant to anyone using cryptocurrencies. They also have a great affiliate program where you get 100% of initial sales.
Commission: 100% of referred new sales & 35% from recurring sales indefinitely.
We don't use this affiliate program very often as it isn't very competitive compared to alternatives above, where you only get an initial commission, not recurring.
Commission: $13-$36 one-off.
If we post any content related to physical items (for example mining hardware), we often use Amazon affiliate links to buy these items. Commission varies, take a look at their website for details.
General Risk Warning: The financial products offered by the above companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Programs we considered but don't use
We considered using Coinbase, but after some research found their affiliate program to be questionable and not very competitive (at $10 up-front, nothing recurring). A post by 99Bitcoins sums this up quite well.
DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Bitcoin Kit is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.
This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it.
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Never invest money you can't afford to lose.
All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. We encourage you to consult your own legal & financial advisors before making any cryptocurrency-related purchase.