Bitcoin Exchange Affiliate / Referrral Programs
Exchanges offer mostly a revenue share of the fees they charge from the user for exchanging FIAT to Bitcoin or other crypto currencies. Depending on the fee model, you can earn up to 30-50% of the fees which are charged to the user.
Some bitcoin exchanges offer lifetime revenue share models, others only share the revenue for a year or even shorter. Some give you coupons in terms of deposit bonuses or discounts on trading fees to make it easier for you to promote the exchanges on your website.
Sometimes other fees like deposit- and / or withdrawal fees are not shared with the affiliate. Contact the affiliate program manager in case these fees are a important part of your traffic.
That not everything is always kosher in the crypto area is not really surprising. But how far the manipulation really reaches is always overwhelming.
What trading on the crypto exchanges?
If you believe the "Blockchain Transparency Institue" (BTI), only 25% of the Bitcoin trading volume is "real". The remaining 75% seem to be due to washtrading.
Washtrading refers to "trading with oneself". One "sells" one's own coins to oneself via a stock exchange. However, since the stock exchanges book this as a regular trading volume, the impression is created so quickly that more is traded on the stock exchange than is actually the case. In addition, it is a possible method to secretly inject money into the exchange operator through commissions. Since Washtrades represent a market manipulation these (at least in traditional asset classes) are meanwhile EU far forbidden. In the largely unregulated crypto-universe, however, this does not seem to impress many.
The extent to which the BTI reports can be trusted, however, is uncertain, as they do not offer public contacts and their methods are relatively opaque. If the BTI's statements were correct, this would probably not be surprising. Again and again, voices are raised elsewhere claiming that a lot of trade volume is "fake".
The "advantage" of this "fake" volume for the developers of the projects and the crypto exchanges is obvious:
1) The coin seems to be more attractive for investors than it really is. High trading volume suggests that a crypto currency is in demand. So fake volume can suggest that a crypto currency is more desirable than it really is.
2 The crypto exchanges can boast of offering a higher number of users and a higher transaction volume than is actually possible for them. This in turn allows them to demand higher listing fees from projects.
According to BTI the washtrading of the Bitcoin pairing is 99% fake on many (according to Coinmarketcap) top 25 exchanges. With an alleged average listing price of $50,000 per project, this is an attractive deal.
However, this information should be treated with caution as long as BTI itself is not completely transparent and presents the findings in a publicly verifiable manner.
Frequently asked questions about Exchanges
Below we answer the most frequently asked questions about crypto exchanges. The price formation at a crypto stock exchange takes place as with the trading of securities through supply and demand. If you want to buy e.g. Bitcoin you can choose if you want to buy at the best possible price or if you want to set a limit. The purchase limit is an upper price limit that you are willing to pay. Also the seller can use a limit. For him it is the lower price limit which must not be undercut during a sale.
Is the payment with Paypal possible at crypto exchanges?
The possibility to pay on Exchanges, crypto exchanges or pure Bitcoin exchanges with Paypal is dwindling low. This is due to technical issues as well as the question of security and regulations. Paxful is an exchange that accepts Paypal payment. The easiest way to use Paypal is to charge the e-wallet with Paypal if it supports the function. So in no time a credit is available on your own wallet and with these coins you can buy comfortably on the crypto exchanges.
Is credit card payment possible at crypto exchanges?
Bitpanda, Coinmama and Paxful are also very popular for credit card payments. Especially Coinmama is a crypto exchange specialist for credit card payments. At Kraken, payment by credit card is not yet possible. Binance.com, Cryptopia.co.nz and Bitfinex.com are also crypto exchanges that do not yet allow payments via credit card. Here, too, the detour via a provider such as Xapo or Bitpanda must be taken.
Coinbase, CEX.io, GDAX and Coinhouse are crypto exchanges on which coins can also be purchased via credit card. With the Krypto Exchange Bitpanda, for example, payment by credit card is processed via Neteller. Due to the increasing demand and the development of new security levels, however, many other crypto exchanges can follow suit and enable payment by credit card in the shortest possible time.
Which crypto exchanges allow a SEPA transfer?
At Kraken.com it is possible to make a deposit via Sepa Bank Transfer. Coinbase also offers a free Sepa Bank Transfer. Anycoin, Paxful, CEX.io, Coinmama and GDAX are also Bitcoin exchanges, which allow payment via Sepa bank transfer.
Many crypto exchanges like Bitfinex charge a transaction fee for a bank transfer. At Cryptopia.co.nz, one of the new Bitcoin exchanges from New Zealand, the coins can be bought via Coinbase and a kind of Ebay via Sepa bank transfer
Poloniex and Bitfinex also offer wallets, which can be equipped by Sepa bank transfer. Before a transaction, however, all wallets and the Crypto Exchange should be compared for possible fees. SEPA also takes much longer than buying by credit card.
First you have to log in with your name and e-mail address. Now the verification process is started. A mail has to be confirmed and the phone number has to be confirmed with a pin. Finally the verification is finished with the App ID Now.
After a recall, the applicant is identified by video chat and his passport or identity card. Also some questions can be asked, gladly the reason for the opening of a wallet is asked. As soon as this process is completed, you are already the owner of a Bitcoin Wallet and can carry out transactions in the respective crypto currency.
Which Bitcoin exchanges trade IOTA?
In most cases, IOTA cannot be bought with euros or dollars. However, using Bitcoin or Ethereum to buy IOTA on Bitcoin exchanges is not a problem. With Bitfinex and Binance, IOTAS can also be purchased conveniently via Sepa bank transfer.
IOTA is relatively new and features a new technology, many Bitcoin exchanges will also offer IOTA in the near future.
Crypto Exchange Comparison for Ripple (XRP)?
Ripple, XRP for short, is traded on Bitcoin exchanges such as Bitfinex, Korbit, Binance, Bitstamp, Kraken and many more. In our Crypto Exchange Comparison above you will find many of the exchanges. Since Ripple is a crypto currency with a very high market capitalization, we are trading with this also offered on many exchanges.
Can a crypto exchange be hacked?
In general, every crypto exchange can be hacked, easier than for example your own hardwallet, for whose security you are responsible. Therefore, it makes sense not to use the Crypto Exchange as a virtual wallet, but to always move the crypto currencies to your own wallet. Only small sums, if any, should be left on the Crypto Exchange. Crypto Exchange usually does not replace crypto currencies lost through a hack.
Where can I find experience reports on the individual stock exchanges?
Of course the internet is your best friend here, but you can also inform yourself in various WhatsApp groups or via telegram about an individual crypto exchange. Simply enter the words crypto exchange and experience report, forum or consultation into Google, or specify it on a certain exchange which you would like to take under the magnifying glass. You will already be shown countless pages of experience reports. It is important that you always search for reports with current date and compare several reports with each other.
Especially Reddit is very popular and offers many experience reports. Also the providers in our crypto stock exchange comparison are all discussed on Reddit.
In the anonymity of the Internet, these reports are of course quickly written - both positive and negative. It should be clear to you, however, that everyone has their own favorites, and it always depends on how you want to pay in, and which coins you want to trade.
Why are the fees so high all of a sudden?
In our crypto stock market comparison it becomes clear that the fees have increased a lot lately. Due to the increase in the Bitcoin value and the ever more complicated calculations that have to be carried out at the proof of work, transaction fees are also rising.
As is well known, these are the remuneration for the miners who confirm the transactions through their work. The faster a transaction is executed, the higher the costs. Especially in the current situation, it is worth comparing individual wallets and exchanges and sometimes choosing a longer transaction time.
How does verification work?
All wallets and exchanges require a different verification. Usually a telephone number is needed and the verification is carried out via video call. Often the valid passport or identity card must be held in the camera. In addition, a confirmation of residence or address may also be required.
For this purpose, it is often sufficient to upload an invoice with name and address. It is important for the verification that the user is alone in a room during the video call, otherwise the verification can be rejected. In our Crypto Exchange Comparison we found out that many Exchanges do not accept new persons at the moment because the verification takes a lot of time.
Suitable apps for smartphones?
Coinbase.com offers an iOS app that works well and is reliable. Also Kraken.com convinces with a well working app for trading. The Blockfolio App is also highly recommended for beginners in the crypto currency field.
CoinCap also offers a great app and the Crypto Trader app is also a good choice. With the Coin Tracking App you can track all Coins in real time and keep up to date even on the road. As with everything in the area of crypto currencies, new apps are constantly being developed.
How does arbitrage trading on crypto exchanges work?
In arbitrage trading, the price differences of the individual exchanges are exploited. The best way to do this is to observe old coins that have a very rapidly rising or falling price.
The next step is to compare the prices on the different platforms, because stock exchanges with a lower volume usually take longer to rise with the price. Coins, which are significantly cheaper on one exchange, are bought here and immediately sold again on the other exchange with a much higher price.
Within a very short time a considerable profit can be recorded. It is important, however, that the fees incurred must always be taken into account.