Becoming a crypto affiliate means experiencing firsthand the hottest trend in the financial world. Cryptocurrencies are capturing the public’s imagination. These digital currencies are no longer fringe financial products and have received a significant nod in the form of a $1.5 billion investment from Tesla CEO Elon Musk.
This is a great place to do affiliate marketing–cryptocurrency is a trending topic and is sure to attract many leads and help you rake in commissions. Find out more about how these disruptive high-tech currencies are inspiring traders and consumers all over the world.
What Are Cryptocurrencies?
We have all heard of cryptocurrencies, but most people are still unfamiliar with the technology behind them. It is a digital currency. You don’t need a coin purse or a money clip to hold bills when it comes to cryptocurrencies. All transactions are done online through ledger technology called the blockchain. These transactions use encryption and are anonymous. Many crypto users feel that cryptocurrencies are safer than regular currencies.
What Are the Most Popular Cryptocurrencies?
Bitcoin was the first and is now the best-known cryptocurrency. This digital currency made its debut in 2008. Bitcoin has risen in value significantly since being introduced and rallied to greater heights after Elon Musk’s company Telsa purchased $1.5 billion in bitcoin in 2020. Bitcoin is the flagship cryptocurrency and is still the most identifiable.
However, other types of cryptocurrencies are catching up. Ethereum doubled in value in 2020 from $740 to $1,400. And just now, on May 4th, Ethereum hit $3,400, an all-time high! But the news is even better for this great coin as more and more businesses have taken to paying contracts in Etherum, and it is often used for dApps. Other top cryptocurrencies attracting the notice of traders include Litecoin, often called “silver to Bitcoin’s gold,” Ripple and Polka Dot.
Latest Cryptocurrency Trends
Success as a crypto affiliate depends partly on staying up to date with all of the cryptocurrency trends. So here are some news to watch and to share with prospective clients:
- The rise of CBDCs (Central Bank Digital Currencies)
- Decentralized Financial Services or DeFis
- Crypto ETFs
As governments worldwide embrace technology and offer more services online, they are increasingly open to providing digital currencies, partly to avoid being outdone by private cryptocurrencies. Many central banks are considering issuing their digital currencies. There is talk that China may issue a digital yuan and other countries are likely to follow suit.
Along with CBDCs, Decentralized Financial Services or DeFis, which often use ethereum, will be big in 2021. DeFis offer digital versions of financial services from insurance to mutual funds through cryptocurrencies. Finally, investors have eagerly anticipated Bitcoin ETFs, and there is some indication that a Bitcoin ETF may finally make its entrance.
These trends illustrate how dynamic the cryptocurrency space is and why becoming a cryptocurrency affiliate may be a profitable venture. Getting into this space ahead of the next big moves means catching plenty of new leads. Cryptocurrencies like bitcoin and ethereum have risen in value over the past year, but the best could still be on the horizon!
Why Promote CryptoCurrencies?
People are always interested in trading, but it is easier to market a trading product that is popular and trending. After the economic challenges of a pandemic, people are looking for new ways to make money and want to do it online. They also may have heard of bitcoin or other cryptocurrencies and feel there may be hope for making money trading cryptocurrencies.
However, they may have heard of broker crypto scams and may be nervous about taking the giant leap. As a crypto affiliate partnering with a regulated broker, you can demonstrate that the service you are promoting is a reliable and safe way your leads can profit from the cryptocurrency trend.
Since cryptocurrency is a trending topic, keywords connected with it can more easily drive significant traffic to your affiliate site or web pages—partner with a broker who offers a wide range of services and investment products. Place a particular emphasis on cryptocurrencies in your marketing content means traffic which leads to conversions, more clients signing up with your broker, and higher commissions for you!
Finding the Right Broker as a Cryptocurrency Affiliate
To succeed as a cryptocurrency affiliate, you need the right broker to partner with and stellar strategies that will encourage people to sign up. Here is what you should look for in a crypto broker.
A Regulated Broker
The first thing you should look for in a broker to partner with is whether they are regulated and what kind of license they have. An unregulated broker causes problems for affiliate marketers and clients. In addition, you may find it easier to promote a broker like AvaTrade that has a top-tier license. In an environment riddled with fraud, your leads will want to know they are dealing with a safe, regulated broker.
Choices for Cryptocurrency Trading
There are various types of cryptocurrency trading. Some trading is done directly with cryptocurrency exchanges where money is kept in a crypto wallet. With exchange trading, the trader owns the actual asset. This can be an issue when there is much fluctuation in the value of the cryptocurrency.
Another type of cryptocurrency trading is through CFDs or contracts for difference. These allow people to trade the difference in value in assets from the time they are purchased to the time the contract is due. CFDs can be risky, so finding a reliable and regulated broker is essential for success.
In addition to different types of trading, many brokers and exchanges provide a wide selection of cryptocurrencies to choose from. For instance, AvaTrade offers the following:
- Bitcoin Trading
- Bitcoin Cash
- Bitcoin Gold
These products can be traded right on the platform without the need for a virtual wallet.
As a crypto affiliate, you will want to look for commission plans that are best suited to your needs and the kind of leads you tend to work with. If you aim to cast a wide net and attract a large number of leads who may or may not be trading long-term, it may be a good idea to opt for plans that will give you commissions per client.
However, if you are dealing with leads who tend to be serious traders and if you want to focus on the most enthusiastic people, even if they may not be as numerous, generating commissions per transaction may be a better choice for you. Fortunately, with affiliate programs like AvaPartner, you can have your choice. AvaPartner offers:
- CPA (Cost Per Acquisition)
- RevShare (Revenue Sharing)
This way, you have your choice of commission plans. The CPA or Cost Per Acquisition is ideal if you are signing up lots of people who may or may not make many trades, but RevShare is excellent if you have some die-hard traders who will make lots of transactions once they have signed up with your broker.
Innovative trading apps and platforms for traders
Traders today are more sophisticated than in the past. They expect cutting-edge features and will choose brokers who provide the top tools for the trade. AvaTrade Provides the following for its clients:
- Trade from anywhere (AvaTradeGO)
- Prevent losses (AvaProtect)
- For advanced tools (MetaTrader 4)
- Automated trading (MetaTrader 5)
- Trade vanilla options with (AvaOptions).
The more your partner with a broker that facilitates trading, the easier it will be to market their service and encourage people to sign up.
Resources for Crypto Affiliate Marketers
Look for an affiliate marketing program with plenty of tools and materials. There is no need to create a marketing strategy entirely from scratch. AvaPartner gives its affiliates useful resources such as:
- Landing pages
In addition, AvaPartner provides affiliate support around the clock to help you succeed.
Watch the Commission Roll in with the Right Crypto Affiliate Program
The best way to succeed as a crypto affiliate is to find the best crypto affiliate program! Cryptocurrency is popular, and it seems that everyone is rushing to invest in it. Partner with the best, and you will benefit from a quickly rising trend by promoting a valuable, reliable broker. AvaPartner takes care of its affiliate marketers with a selection of commission plans and marketing tools that will enable you to succeed as a crypto affiliate.
Which cryptocurrencies should I promote?
As an affiliate partner you don’t really need to concern yourself with which cryptocurrencies to promote. Your goal is to find a reliable, regulated broker that promotes a wide range of cryptos and is quick to add new cryptos to the platform whenever there is a successful new coin offering. A good broker will offer CFD traders on all well known cryptocurrencies. You’ll be able to focus most of your marketing efforts on Bitcoin, Ethereum, Litecoin, Ripple and any new coins that are currently in the news.
Why should I promote cryptocurrencies?
The short answer is that promoting cryptocurrencies is potentially extremely lucrative for anybody with an affiliate business. Cryptos are highly volatile assets that are frequently in the news. If you have a good website, you stand a reasonable chance of converting traffic. If you’ve signed up with a professional crypto affiliate program, they will offer you a personalised commission plan, making it worth your while to promote cryptocurrencies. Crypto traders are very similar to forex traders and you can easily adjust your site to target both.
What’s the best commission plan for promoting cryptos?
The best commission plan for promoting cryptocurrencies is usually some form of hybrid deal. If you’re working with a regulated broker, they will aim to keep good traders on a long term basis. You can potentially profit from their trading activity as part of a RevShare deal. The best solution is to work closely with the crypto affiliate program and devise a personalised commission plan that suits your business goals. You should make sure that you have the right to renegotiate the terms of the commission plan in the future. It’s also important to be clear about how payments are calculated and that you can easily monitor traffic and results through a dashboard.