Cryptocurrency and Affiliate Marketing - How it works!
Published on July 16, 2018
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
Cryptocurrency is a niche.
Cryptocurrency is an industry.
Cryptocurrency is an opportunity.
Cryptocurrency is traded on exchanges
There are over 1600 coins and 1813 markets listed on Cinmarketcap
The United States of America uses US Dollars
Euro is for some european countries
South Africa uses rand
Your country has her own currency and all these currencies are regulated by governments
BUT...
Cryptocurrency is everyone's currency. Anyone can use it any where. It runs on a powerful computer technology/network called Blockchain/Tangle, powered by the Internet.
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The value of cryptocurrency is detirmined by market forces: Demand and supply
Every cryptocurrency has its own network. Some are mineable (PoW) whiles others are pre-mined (PoS)
A good example of a mineable coin is Bitcoin
Bitcoin is an example of cryptocurrency. It's the biggest in terms of market share (Market Capitalization)
There are many ways to make money in Cryptocurrency. Affiliate Marketing is just one of them.
Affiliate Marketing in Cryptocurrency
Just like in any other niche, in cryptos, you promote products and services and earn coins. Most of the platforms pay commissions in Bitcoin.
Once you have your commissions in BTC, you have generally 4 options:
- Hold and speculate
- Convert to FIAT and withdraw to local currency
- Trade on exchanges
- Spend on Cryptocurrency shops and buy items (Microsoft for instance)
Just like in every other niche, you can locate profitable affiliate products in cryptocurrency. These may include:
- Brokers/Exchanges like Binance
- Training videos like Udemy
- eBooks
- Mining platforms
- Etc
Cryptocurrency Affiliate network: biggico.com
Vilatility!
Volatility means: liability to change rapidly and unpredictably, especially for the worse
Cryptocurrency could be quite profitable. But its biggest challenge is volatility. At one point in 2017, 1 BITCOIN mooned to about $20,000. But shortly after, it dropped to $5000.
So if you want to try this niche as an affiliate, these are some basic information.
Good luck
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