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How does affiliated trading work in the cryptocurrency market?

avatarLyraIncDec 17, 2021 · 3 years ago3 answers

Affiliated trading refers to a practice where individuals or entities promote and recommend certain cryptocurrency exchanges or trading platforms in exchange for a commission or referral fee. This type of trading involves the use of unique referral links or codes that track the users referred by the affiliates. How does affiliated trading work in the cryptocurrency market?

How does affiliated trading work in the cryptocurrency market?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Affiliated trading in the cryptocurrency market works by individuals or entities becoming affiliates of specific trading platforms or exchanges. They promote these platforms through various means such as social media, blogs, or online forums. When someone signs up or trades using the affiliate's unique referral link or code, the affiliate earns a commission or referral fee. This incentivizes affiliates to attract more users to the platform and helps the platform gain new customers. Affiliated trading can be a win-win situation for both the affiliates and the trading platforms, as it allows affiliates to earn passive income while helping the platforms expand their user base.
  • avatarDec 17, 2021 · 3 years ago
    Affiliated trading in the cryptocurrency market is a way for individuals or entities to earn money by promoting specific trading platforms or exchanges. Affiliates typically receive a commission or referral fee for each user they refer to the platform. This can be done through various marketing channels such as social media, content marketing, or email marketing. Affiliated trading is a common practice in the cryptocurrency industry as it helps platforms acquire new users and allows affiliates to monetize their influence or network. However, it's important for affiliates to disclose their affiliation and provide unbiased information to their audience to maintain trust and credibility.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, affiliated trading in the cryptocurrency market works by individuals or entities joining our affiliate program and promoting our trading platform. Affiliates receive a unique referral link or code that they can share with their audience. When someone signs up or trades using their referral link, the affiliate earns a commission. Affiliated trading is a great way for individuals to monetize their online presence and earn passive income. It also helps us reach new users and grow our community. If you're interested in becoming an affiliate, you can visit our website and sign up for our affiliate program.