Coinbase Affiliate Program is one of the effective ways to make money online through Bitcoin. This affiliate program is only for Coinbase users, and it provides them opportunity to earn commissions through promotion of Coinbase’s products to their network of friends and followers.
Coinbase is one of the largest and trusted digital currency platform in the world. It provides a secure user interface for buying, selling, and storing cryptocurrencies.
Not quite long ago, Coinbase introduced it affiliate program for its customers to be able to earn free bitcoin online when they invite another user to the exchanging platform.
The good news is that I’ve put down in-depth analysis of Coinbase affiliate program, including features, benefits, how to earn, potential drawbacks.
So, whether you’re a beginner trying to learn how to make money online through Bitcoin, or you’re a professional crypto investor, this review will help you determine if Coinbase affiliate program is best for you, and worth your time and effort.
Hence, let dive into the big reviews of Coinbase affiliate program, how it works, and how to make money as an affiliate marketer.
Coinbase Affiliate Program.
Coinbase is one of the biggest cryptocurrency exchange in the world. It offers secure and trusted platform for digital assets buying and selling.
In addition, Coinbase provides secure wallets of all type to store your digital assets. Each coin have it own wallet. E.g, Bitcoin will be stored on BTC wallet backed by Bitcoin Network.
The Coinbase affiliate program is like a referral program you use to know; it enables you to earn money when you promote company’s product.
The same thing is applicable to Coinbase affiliate program. Coinbase allow you to earn commissions by promoting its products and services.
Here’s how Coinbase affiliate program works.
Coinbase affiliate program actually works with compensation plans. You must refer another user to the platform, when the new user sign up, you’ll receive $10 commission.
You’ll also earn commissions base on every trades and purchases your referral carryout on the platform. That’s huge right?
Mind you, your referral must signup through your unique affiliate link or code before you can begin receiving commission on every trades he made.
To participate in coinbase affiliate program; firstly, you must create a coinbase account and secondly, you must create coinbase affilite account.
How to create coinbase affilite account has been discussed below, please continue reading. Once you had an account, you can begin inviting your network to join coinbase to grow your money.
Coinbase Affilite Program Compensation Model.
Coinbase affilite program compensation plan is based on a tiered system. It simply means the more users you refer to the system, the higher your commission rate will be.
Take for instance, if you invite upto five users to coinbase, you’ll earn a commission of $10 per user. But, if you’re refer more users; ranging from six users upward, you’ll begin to earn a commission of $50 per user.
To support inviting new users to the system, coinbase provide various tools for promotion. These tools includes banners, links, and social media posts.
Coinbase affiliate marketers can also access detailed reporting on their referrals and earnings, making it easy to track their progress.
Benefits for Joining Coinbase Affiliate Program.
Coinbase affiliate program provides many benefits and advantages to cryto affiliate marketers. Some of the benefits offered includes;
1. Earning a passive income: coinbase affiliate program is one the most effective and lucrative ways to earning a living. Joining coinbase affiliate program, and promoting it products is a great way to earn extra money on the side.
2. Building Audience: The coinbase affiliate program gives you opportunities to growing your network in crypto space, and connect you with others who are interested in digital currencies, DiFi, and Web.3.
3. Learn more about Crypto Space: This can be a valuable resource for learning more about the crypto space industries. Gaining a deeper understanding of the industries will enhance your knowledge to finding new investment opportunities.
4. Earn more Money: The coinbase affiliate program don’t base your commission on fixed price. The more you refer, the higher the commission you earn. That’s to say, Affiliates have levels of compensation, the higher your level, the higher your Earnings.
Coinbase Affiliate Program Downsides.
As coinbase affilite program has many advantages and features to affilite marketers, it also has some potential drawbacks as well. Some of the downsides of coinbase affilite program includes;
Low commission rate: Initially, coinbase affilite program offers $10 per referral. But, after 5 successful referral, you’ll begin to earn $50 per commission.
Competition: crypto space is a competitive market. There are lots of crypto exchanging platforms (e.g Binance); that offers more features to users; offering better compensation plans for affilite marketers. This can make it more difficult for marketers to refer new users.
Need for a Large Audience: To be a successful crypto affilite marketer, you must a large followers who are interested in cryptocurrency. A strong crypto network will help eradicate challenges, especially for beginners.
How to register for Coinbase Account.
To participate in Coinbase affilite program, you’ll need to have a Coinbase Account. Hence, here’s how to create a Coinbase Account.
- visit www.coinbase.com on your browser, or download the coinbase app on your app store.
- Tap on “Register an Account” and fill in the required information.
- Confirm your Email address via the code sent to your Mailing app.
- Login to your Coinbase Account and proceed with KYC.
- National Identity Card, International Passport or Voter’s card are documents needed to verify your KYC
- Upload any of those documents and once approved, you’re good to go.
- To upgrade your trading limit, you’ll be required to submit additional documents such as prove of wealth and prove of residential address.
- Upload your prove of residential address such as utility bills or bank statement to upgrade your trading limit.
- To upgrade to business account, you’ll be required to upload your prove of source of wealth.
That’s just the simple methods to register an account on Coinbase. Once you’ve passed all those process, your Coinbase account is fully verified. Now, you can move to Affiliate Account.
Requirements to create Coinbase Affilite Account.
To participate in Coinbase affilite program, you must meet certain requirements. However, if you’re unable to meet these criteria, you can stick to Coinbase referral program, it’s also a great way to earn money online through Bitcoin. I’ll talk about that later in this article.
Here are requirements to create Coinbase Affilite Account:
- You must have Coinbase Account. How to register an account has been discussed above.
- You must have an online presence of 500 followers on a minimum.
- You must be an active users on Coinbase platform.
- You must be more than 18 years old.
- Your Coinbase Account must be a verified one.
Once you meet all those criteria, you’re one step away to become Coinbase Affiliate Marketer.
How to create Coinbase Affilite Account.
Follow the below instructions to create Coinbase Affilite Account:
- Login to your Coinbase Account.
- Navigate to become an Affiliate.
- Tap on “Join our Affiliate Program“
- In the page, you’ll see whether you’re eligible to join.
- If you’re not eligible, you’ll see possible reason and amendment.
- If you’re eligible, follow the prompts to become an Affiliate on Coinbase system.
That’s just the simple methods to become an affiliate marketer on Coinbase cryptocurrency exchanging platform.
Now, let’s proceed to how you can earn money online through Bitcoin on Coinbase as an affiliate marketer.
How to make money on Coinbase.
There are several ways to make money on Coinbase cryptocurrency platform. You can make money as a trader, investors, exchangers, and of course, Affiliate marketer.
Today, I’ll be discussing how you can make money on Coinbase as an Affiliate Marketer. There are two ways to make money on Coinbase as a marketer.
- Make money through referral program.
- Make money through affiliate program.
These methods are similar but comes with different features on the platform. For more details about referral program and affilite program, continue reading.
Coinbase Referral Program.
This referral program let users invite friends and family to Coinbase and earn a commission. In this program, only your Coinbase Account is needed.
To participate in Coinbase referral program, login to your Coinbase Account, navigate to refer a friend, copy your unique referral link and send it your friends and family.
However, Coinbase referral program have limited features when compared with its affiliate program.
Coinbase Affiliate Program.
Coinbase Affiliate Program let affilite marketers invite new users to Coinbase and earn commissions on every trades and purchases made by that users.
This is more advance than Coincola referral program. In addition to it benefits, when an affiliate marketer refers more than 5 users, they begin to earn $50 per referral.
However, you’ll need a special account to access coinbase affilite program tools and dashboard to track your sales. This account demands for certain requirements and criteria you must meet before you can have access.
So, if you cannot provide the necessary information needed to create a Coinbase affiliate account, you should continue using Coinbase referral program.
In summary: Coinbase Affilite Program.
The Coinbase affiliate program and referral program are great source of online income for cryptocurrency affilite marketers to earn a passive income, grow their network, and learn about more crypto.
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