Bitcoin Forum

I've been seeing a lot of accounts on x these days with less than a 1000 followers being affiliates with cexs or other crypto related companies but I still don't fully get it

I understand huge huge KOLs will get a lot of cash and benefits for being their affiliates but do small accounts and traders really get any valid or very useful benefit like cash or extra bonuses with their accounts?

Any of you guys guys here affiliated with any cex? Let's know the benefits please

No, I have no such experience. But I would like to listen to those who have encountered it.

Yeah. It's not only large accounts holders that can be affiliate. When you have a certain amount and meet some of the requirements, I think you' can qualify. Just like this programme I came across>> Bitget builders (https://www.bitget.com/support/articles/12560603814735). Requirement is similar to what you mentioned qitjnother incredible perks. You can check it out.

So they have an affiliate system? i thought they only had the referral system. But anyway I would appreciate it if you could give me some more information about the Builders program, I mean it's something I'm interested in, cos I have an X account with some followers and a community in Telegram with over 500 members.

Accounts are hired for the influence they are able to have on the public and it’s easy to measure that influence by the number of followers on an account.
However, what’s there to understand is that, you only get to profit in an affiliation of this kind based on not just registration but the patronage that comes from your affiliate link.
Hence, having a lot of followers with minimal or no patronage simply means, you get same measure in reward from affiliation. Should you manage to have low followers but some active ones that patronize the businesses you project, you’re sure to reap the benefits in same measure.
It’s more about patronage than the followers on your account.

IIRC, everyone is free to be affiliated with any exchange as there's a referral system for most of them. So, it doesn't matter whether those x accounts have 1000 followers or else. Two things on this;

1. They've been approached directly to advertise with their very account and they'll receive some money by advertising that exchange and some commissions.
2. They are marketing that exchange and just want people to sign up under their link, no kind of deal from the exchange but just their mere way of marketing.

As for the benefits, you can always check the commission rate for each tier based on the exchange that you will do affiliate marketing.

I believe it depends on how many people you can refer through your referral link, some influencers with a huge number of followers could be approached by the exchange to promote their service, this might be a little bit different from the general affiliate program that is available to everyone on the exchange.

However, with or without followers you can join an exchange's affiliate program by generating your referral link and sharing them with your friends, in order to earn a commission.

Content creators, regardless of how small or big their reach is, will usually have multiple deals with various businesses. Even if you only make like $100 a month as an affiliate for one company, it can still be worthwhile if you have other sources of income. Just from having a YouTube channel alone, many small creators earn enough from ads, sponsors, and affiliate deals that they can make a living from it.

A couple of active referrals on a platform can bring solid affiliate income. And it's a very comfortable source of income because you don't need to do almost anything.
Also, 1000 real followers on X is better than 10k fake.
Although it is very difficult to find new users for Binance, for example, because everyone has already heard of them and almost everyone already has an account there, as an early bird promoting a new platform (which will become popular in the future) it can be quite profitable.

Also, keep in mind when you are popular enough to get some of these places to come to you can play them off of each other. CEX #1 offered me this....are you Mr. CEX #2 going to give me a better offer.
The smaller players take what they can get.

From what I have seen in my very very very limited scope is about 10% of the fees of people that sign up though you. Not a lot but if you get enough it can be some decent $ as others have pointed out.

-Dave

New exchange platforms may contain a great risk as their promotional programs may be a trick to deceive new users. If they are not proven to be legitimate, licensed, and trustworthy, they could easily disappear with users' funds. . In such cases, these promoters can be a key factor in the success of their fraudulent operations.

I do not think that an account with only 1000 followers can be trusted or that the promoter can obtain profitable returns from CEX. Accounts that contain large audiences, well-known celebrities, and influencers in this field are the ones I see benefiting the most from referral links, paid advertising, and affiliate programs. I don’t think it's worthwhile for smaller accounts.

Are they legitimate affiliates with the exchanges or are they simply sharing their referral links? Either way, what can't you fully get about it? Whether you're an affiliate who's offered a decent commission or even a flat rate or you're simply an ordinary user who's sharing your referral link, there's an easy money you could earn. If there isn't much referral you can get, no big deal. It's not as if you're doing a hard and laborious task anyway. If you get even a handful of active traders, you'll get an easy passive income. 

Even Binance, Kucoin etc... were once new. Everyone has to pass the stage from the unknown to the proven.
FTX was proven and popular, so look where it is now.

I'm just saying that everyone should be careful, regardless of whether someone is just starting out or is "proven".

Maybe accounts with only 1000 followers are more realistic and responsible than these big ones. Scammers usually target a larger audience, which increases their chances.
Just look at the example of Kylian Mbappé X's account (14.5M followers), which was hacked and promoted some trash token.
So, scam by a trusted account.

That's not going to happen unless your follower base consists of a lot of people who do happen to trade on a regular basis. Which most affiliates or referrers do not have. So the revenue has a sort of pyramid structure, with a few people earning the lion's share of the income and the rest making like $10 or something like that. Not much you can do about it.