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The cryptocurrency industry is growing, but it is still at a nascent stage. There are crypto exchanges and utility tool that offers affiliate and referral program for influencers, companies, and existing users so that they can promote them and also make money for them.
Bybit, a widely known crypto exchange, also offers a lucrative affiliate program. Along with the Bybit affiliate program, they also offer a referral program for existing users who would like to recommend Bybit to their network and get rewarded in the process.
This blog post will explore the Bybit Affiliate Program, its benefits, and how it works. I will also tell you the differences between the Bybit Affiliate Program and the Bybit Referral Program. By the end of this
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What is Bybit Affiliate Program?
The Bybit affiliate program is open for all individuals and companies who want to promote Bybit using their marketing channels such as blogs, YouTube, Social media, private community, or any acceptable ways.
When you join the Bybit affiliate program, you get a unique affiliate link tied to your account, which you will share on your marketing platforms.
When a user signs up using your unique affiliate link, you will earn a commission based on the trading fees generated by users who sign up and trade on Bybit through that link.
This program aims to reward affiliates for their promotional efforts while expanding Bybit’s user base.
Why Should You Join Bybit Affiliate Program?
- Lucrative Commissions:Bybit offers a competitive commission structure that allows you to earn up to 50% in commissions based on the trading fees generated by your referred users. If you are a power affiliate or an influencer, you can get a higher commission based on the number of users you send to the Bybit platform.
- Dedicated account manager: When you signup for the Bybit affiliate program, you are assigned a dedicated account manager who helps you with bonuses and promotion ideas to help you kickstart. Bybit also provides various marketing materials, such as banners, logos, and articles, to help you promote the platform effectively.
- High Conversion Rates: Bybit’s user-friendly interface, advanced trading tools, and excellent customer support make it an attractive platform for traders, resulting in high conversion rates for affiliates. You should read my review on Bybit to learn more about this popular crypto trading platform.
- Real-time Reporting: Bybit’s affiliate dashboard provides real-time data on your referrals, commissions, and conversion rates, enabling you to track and optimize your marketing efforts.
- Payout in Crypto: If you missed out on accumulating crypto at the early stage, the Bybit affiliate program is your chance to earn crypto for free. Bybit pays you a commission on the traded cryptocurrencies by your referred users. This way, you start accumulating crypto without spending a penny.
How to Join Bybit Affiliate Program?
Step 1: Join Bybit platform (You need an account, KYC is not needed)
Step 2: Apply for Bybit Affiliate Program here
Step 3: Wait for 24 hours to get approval or email from Bybit affiliate manager
Step 4: Login to Bybit affiliate dashboard, create custom link and start promoting
To join the program, you need to register for a Bybit account and sign up for the affiliate program.
- Get your referral link: Once approved, you will receive a unique referral link that you can share with your audience.
- Promote Bybit: Use various marketing channels such as blogs, social media, and email marketing to share your affiliate link.
- Earn commissions: When users sign up and trade on Bybit using your referral link, you will earn a commission based on their trading fees.
Here is a screenshot of the backend of actual Bybit affiliate dashboard
Do note: Bybit often runs various bonus promotion program which are available for affiliates only. You can find the new bonus promos inside the affiliate dashboard.
Bybit Referral program Vs. Affiliate Program:
While both the Bybit Affiliate Program and Referral Program involve referring users to the platform, they differ in commission structures and target audiences.
The Bybit Affiliate Program is designed for influencers, marketers, and organizations with a broader reach and offers a multi-tier commission structure. In contrast, the Bybit Referral Program targets existing users who want to share the platform with their friends and offers a one-time referral bonus.
There are different sets of rules for the Bybit referral program. For example, In the referral program, a qualified referee refers to a friend who has to sign up via your referral link or code, deposit more than $100 within seven days of registration, and accumulate a Derivatives trading volume of more than $500 within 30 days of registration.
For influencers, content marketers, and trading tools, the Bybit affiliate program is much better. Occasional users who might not get Bybit affiliate approval should stick to the referral program.
How often are commissions paid?
Commissions are calculated daily and paid out in the corresponding cryptocurrency in which the trading fee was generated.
Can I join the program if I am not a Bybit user?
No, you must have a Bybit account to participate in the Affiliate Program.
Do you need to complete KYC for Bybit affiliate Program?
You don’t need to complete the KYC. Since you will be earning in crypto, you can simply withdraw affiliate commission to your Bybit trading account, and withdraw funds from there to crypto wallet of your choice.
How much money you can make from Bybit?
Bybit affiliate program as of now offers lifetime commission and there is no maximum cap. As long as you are an active affiliate, you will continue earning from Bybit affiliate program. There are users who have earned more than $100,000 using Bybit affiliate program
By joining crypto affiliate programs, you are helping the ecosystem to grow. However, it is your duty to promote only those products which are legit, and offers value to the end users. Bybit seems like one of those crypto exchanges which are here to stay.
- Let me know which other crypto affiliate programs you have joined and working good for you?
- Which products deserves to be highlighted here on CoinSutra?
