Earn Passive Income in Bitcoin Through LocalBitcoins’ Affiliate Program
See also: Gana ingresos pasivos en Bitcoin a través del programa de afiliados de LocalBitcoins
The price of Bitcoin has been showing strength again and some analysts are speculating that the end of 2021 might be beneficial for Bitcoin traders and investors.
Institutions and companies are adopting Bitcoin and besides that, millions of people around the world are taking their finances to their own hands by investing in Bitcoin.
How to make the most out of your investing journey with Bitcoin and stack as many satoshis as you can? Well, you can of course buy bitcoin and hold it as a long-term investment. If you are competent enough, you can also take advantage of the price volatility of Bitcoin by swing trading.
A savvy investor might want to leverage network effects and maximize Bitcoin accumulation by joining the LocalBitcoins affiliate program.
How does the LocalBitcoins’ affiliate program work?
The power of the LocalBitcoins affiliate program lies in its network effect. If you bring a new user to LocalBitcoins and they make a trade, you get paid a 20% commission of the LocalBitcoins trading fees for each trade your affiliate makes. LocalBitcoins uses a secure escrow service to protect both the buyer and the seller, and takes 1% of the trade as a service fee.
If you bring more users and they make a trade between each other, you will earn trading commissions from both users, that is 40% of the fees. Commissions are paid daily to your LocalBitcoins wallet, and you will receive commissions for one year after your affiliate’s registration.
LocalBitcoins’ affiliate program also allows an infinite amount of different affiliate links to monitor from which source your affiliates are coming from. This can be useful, for example, for media influencers.
How much can you earn?
The amount you can earn depends on the amount of bitcoin your affiliates trade. Let’s imagine you manage to bring a lot of new customers to LocalBitcoins via your affiliate links, and your affiliates will trade, for example, 500 BTC in a year (maybe you invite a wealthy relative of yours to LocalBitcoins). From this 500 BTC, the service fee (1%) would total to 5 BTC.
20% of 5 BTC = 1 BTC
This means that you would earn 1 whole bitcoin as passive income!
Why LocalBitcoins?
LocalBitcoins is a leading Bitcoin peer-to-peer marketplace where users can trade Bitcoin between themselves through a reliable escrow service.
LocalBitcoins was already founded in 2012 and is one of the most established Bitcoin companies in the world.
On LocalBitcoins, you can choose from a variety of payment methods and buy or sell Bitcoin with the price of your own choosing.
Are you ready to join? As a Bitcoiner, what would be a better way to earn passive income than spreading the word of Bitcoin to your friends, family and social networks at the same time!
