Bitfinex is one of the most popular places to trade digital currencies. It’s been around since 2012 and has served hundreds of thousands of customers worldwide. One of the things holding it back, in my opinion, was the lack of an affiliate program but to everyone’s surprise, Bitfinex launched its affiliate program in 2019 – and it was worth the wait, I can assure you.
With multi-level commissions and a state-of-the-art tracking dashboard, the Bitfinex Affiliate program is one of the industry’s best.
To sign up for the Bitfinex affiliate program, all you need to do is create a standard Bitfinex account and then access it from your main account dashboard.
- Visit Bitfinex.com and register for a free account
- Login to your account and then click the dropdown menu labelled ‘More‘
- Select ‘Affiliate Program‘ and you will be automatically taken to your affiliate dashboard – you’re in
It’s important to note here that the aforementioned process is the only way you can access your Bitfinex affiliate account, you can’t access it directly at affiliate.bitfinex.com which is the URL for the dashboard.
Without a doubt, one of the main thing promoters look for when it comes to affiliate programs is the amount they can earn by sharing their links – this is natural and nothing to be ashamed of, at the end of the day, this is your job (or side hustle).
You’ll be pleased to note than the commission rates on the Bitfinex affiliate program are some of the industry’s leading with up to 3 degrees of connection, which means that you earn on your referral’s, referral’s referral if that makes sense to you. Here are the fees you earn for each level of the Bitfinex affiliate program:
Hold up, there’s more. You can even multiply your earnings from the Bitfinex affiliate program by fulfilling certain obligations, here is the list of multipliers:
Now that you know you can make good money from the Bitfinex affiliate program, you’re most likely trying to think of ways in which you can get people to sign up with your link right? Well, Bitfinex have already thought about that, they know that it can be difficult to cold-sell an exchange and for that reason, they have made it so that anyone who signs up with your referral link gets a 6% fee rebate on their trading fees, therefore it makes more sense for them to use your affiliate link than to not do so.
Features & Dashboard
In this section, I’m going to be giving you an insight into the Bitfinex affiliate dashboard and some of its main features. Thus, you can get a better idea of whether or not the program is right for you. Before I get started, I want to say how impressed I am with Bitfinex’s affiliate software, it’s much better than anything else I’ve seen and makes promoting Bitfinex a dream so to speak.
Most people who use crypto exchange affiliate programs have multiple avenues in which they can promote it and for this reason, it’s ideal to be able to track which promotional methods are getting you the most sign ups so that you can improve and generally get a better understanding of your business. Bitfinex has made this easy by giving you the option to create as many affiliate links as you like, with descriptions of your choice. For example, say you have 3 websites called ‘Website A’, ‘Website B’ and ‘Website C’ and you want to promote Bitfinex on each one. From the Bitfinex affiliate dashboard, you can create individual links for each website and then see how many sign-ups each website gets you. I personally find this a super handy feature.
Knowing how much you’re making is crucial when it comes to affiliate marketing. It’s alarming how many affiliate dashboards provide awful income reports and it can make your life hell when it comes to accounting. I can tell that the Bitfinex affiliate dashboard has been built with this in mind. From the main screen, you can see exactly how much you’ve earnt on the day as well as how many sign-ups you’ve had. Underneath this, you can see a nice chart which shows how your affiliate earnings have changed over time, this can be really useful for when you want to sell your business or just to see if there are any trends that you can use to further understand the correlation of the market to your earnings. In addition to this, you can go further and see exactly how much each client has earned you with their own individual revenue chart – that’s next-level stuff right there.
All commissions you earn from the Bitfinex affiliate program are paid out instantly into your Bitfinex account in the same currency that they were paid in. So essentially, if one of your referrals pays their fees in USD, you will receive the USD commission in your Bitfinex account. You can then exchange this to any other digital asset on the exchange and then withdraw it immediately. Being able to have access to your income as quickly as possible is important for a lot of affiliates, and it’s nice to see Bitfinex putting them first.
The Bitfinex affiliate program doesn’t stop there. They also have a developers’ reward which aims to provide a means of monetising apps which can be used in conjunction with Bitfinex. The standard developer reward is 5% of the fees generated through the API.
William Hurrell is a digital currency entrepreneur based in the United Kingdom who runs a digital marketing company called Black Sands Media LTD. William got his first Bitcoin in 2014 and has been involved in the industry ever since.