Coinbase is a cryptocurrency exchange, where users can buy, sell, and store various digital assets like Bitcoin, Ethereum, and Litecoin. In this article, we will explore what the Coinbase affiliate program entails and discuss any advantages or disadvantages it might present, making the crypto niche an attractive opportunity.
What Is the Coinbase Affiliate Program?
Coinbase’s affiliate program is an opportunity for you to generate commissions by referring new customers to Coinbase. When someone uses your affiliate link and makes a trade, a portion of their trading fees goes straight back into your pocket as a reward!
How to Become A Coinbase Affiliate
Joining the Coinbase affiliate program is straightforward. Just visit their affiliate marketing page and look out for their “Become an Affiliate” button.
Next, you will be taken through Coinbase’s affiliate partner Impact’s application process, where they’ll ask for details about you and your website’s visitors, including ways they may come.
Impact reviews every application manually to ensure only affiliates who fit well with the Coinbase brand are approved.
Impact’s goal is to complete this review within two business days; however, please be aware that some applicants have reported longer wait times.
Image Credit: Coinbase.com
Coinbase’s Commission Rates And Cookie Duration
Understanding Coinbase’s commission rates is simple. First, when you refer customers who begin transacting on the platform, you earn a referral bonus equal to 50% of their trading fees over their first three months on Coinbase.
Coinbase also offers a 30-day cookie window. So, after someone clicks your affiliate link and registers as a Coinbase user, they have up to 30 days from clicking your affiliate link before making their first transaction.
As long as they transact within that window, you’ll receive a commission on their Coinbase fees for the three months following.
Payment Methods Available for Coinbase Affiliates
Coinbase offers two electronic payment methods that you can select:
- Directly to your bank account.
- Or through PayPal.
Lastly, any “actions” generated are verified 15 days after the month in which they occurred and invoiced accordingly on the 17th of the subsequent month.
Commissions are typically disbursed 30 days following the invoice date.
Another key aspect to note when considering affiliate programs is that many have low payment thresholds—just $10 (or the equivalent in local currency) is an ideal payment threshold, meaning you only need to earn $10 in commissions before receiving payment, which makes this affiliate program significantly lower than others’ thresholds.
Pros And Cons Of Coinbase Affiliate Program
Are You Still Deciding? Still considering joining the Coinbase Affiliate Program? Perhaps reading through all of its details was too time-consuming – here’s a summary of its key advantages and disadvantages:
Pros:
- First and foremost, Coinbase is well known, making it easier to promote.
- Second, Coinbase offers an attractive 50% commission rate on trading fees generated through your links.
- Thirdly, you have an abundance of promotional material, such as logos and banners, available to aid with promotion.
- Impact Radius’ affiliate marketing manager is always on hand to answer any of your queries and help maximize profits.
- Finally, their top-of-the-line tracking software makes monitoring earnings simple and painless.
Cons:
- Despite its attractive commission rate, payments only continue for three months compared to some programs that provide lifetime commissions.
- Additionally, payment options are restricted to bank accounts and PayPal, and cryptocurrency payouts are not offered as payment solutions.
- According to our findings, Coinbase’s affiliate program appears to disenfranchise many affiliates.
- Furthermore, there are some concerns that customer verification might take too long, particularly given the 30-day cookie duration.
Why Is Crypto an Ideal Niche for Affiliate Marketers?
Cryptocurrency has experienced incredible growth over the past several years, making it a highly desirable niche for affiliate marketers. Some compelling arguments can be made for its appeal as an attractive marketplace:
- High Interest and Rising Market: The cryptocurrency market is rapidly evolving, with new coins, technologies, and services appearing regularly – providing affiliate marketers with many products to promote.
- Lucrative Commissions: Cryptocurrency-related products typically offer higher commission rates than other niches, and even small percentage gains can translate into meaningful earnings.
- Global Reach: Crypto is a worldwide phenomenon, offering you the chance to connect with customers from every corner of the globe and expand your potential customer base considerably.
- Innovative and Diverse Products: Affiliates in the crypto niche can choose from an expansive selection of wallets, trading platforms, courses, and more to promote. Each offering suits different interests and levels of expertise for affiliates who choose them as affiliate promotions.
- Benefits of Early Adopters: As crypto is still relatively new, being an early adopter can set you apart as an authoritative figure – this can translate to increased trust among your audience and higher conversion rates for affiliates.
- Engaged Community: The cryptocurrency community is highly passionate and engaged; by tapping into this network, affiliates can take advantage of existing interest and knowledge to drive sales.
- Transparent Transactions: Blockchain technology makes transactions transparent and straightforward to track, ensuring affiliates promptly receive accurate payments for their efforts.
Wrapping Up
The Coinbase affiliate program provides an ideal opportunity for those interested in cryptocurrency to share their expertise. By providing resources and information that help your audience navigate digital currency, you can help guide them while earning a commission for your efforts.
5 Coinbase Affiliate Program Alternatives
If you’re searching for alternatives to the Coinbase Affiliate Program, here is a selection of five options worth your consideration:
1. Binance Program
Binance is one of the largest cryptocurrency exchanges in the world. Its affiliate program is known for generous commission rates, which can go as high as 50% of the trading fees generated by referred users. Affiliates also benefit from various promotional materials and detailed tracking reports. Interested in this program? Visit the Binance affiliate program review to learn how to join.
2. Kraken Program
Kraken offers a comprehensive affiliate program with a flat 20% revenue share of the trading fees collected from referred clients. The program has no cap on earnings, and affiliates receive lifetime referral commissions. Kraken provides affiliates with various tools to help them succeed, including banners and reporting features. Joining is easy! Simply visit the Kraken affiliate program guide and read through the requirements.
3. Bitfinex Program
Bitfinex is another popular cryptocurrency exchange with a multi-tiered affiliate program. Affiliates can earn up to 18% of the trading fees generated by their direct referrals and a percentage of the fees from indirect referrals up to three levels deep. Bitfinex affiliates have access to real-time statistics and customizable referral links. We invite those who want to participate to read the Bitfinex affiliate program guide.
4. Changelly Program
Changelly is a non-custodial instant cryptocurrency exchange service. Its affiliate program offers a 50% revenue share for the lifetime of each referral. The program is straightforward, with no commission limits. Affiliates can use the promotional materials and track their performance through a dedicated dashboard. For more information on how to join this program, review the details on the Changelly affiliate program page.
5. Bybit Program
Bybit is a popular cryptocurrency derivatives exchange because of its user-friendly interface and trading pairs. The Bybit affiliate program offers a competitive commission structure, with affiliates earning up to 30% of the trading fees from their direct referrals. Additionally, there’s a 10% commission from second-level referrals. Bybit provides marketing resources and real-time reporting tools to help affiliates optimize their campaigns. To join, read through and understand the requirements of our Bybit affiliate program review.
Each program offers unique features and benefits, so it is key that you select one that best aligns with your audience and marketing strategy. This approach allows you to successfully promote these platforms while earning income through their affiliate programs.
Don’t’ forget to check our finance affiliate programs section for similar opportunities. Also, make sure you follow us on social media, so you won’t miss the latest affiliate programs:
