Bitfinex Affiliate Program Review 2023

Bitfinex offers an affiliate program that allows users to earn commissions by referring new users to the platform.

Bitfinex is a cryptocurrency exchange platform that was founded in 2012. It is headquartered in Hong Kong and is one of the largest cryptocurrency exchanges by trading volume. Bitfinex is known for its advanced trading features and tools, which make it a popular choice among experienced traders.

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Bitfinex Overview

Bitfinex offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The platform supports both crypto-to-crypto and fiat-to-crypto trading pairs, with a wide range of fiat currencies available, including USD, EUR, JPY, and GBP.

Bitfinex has a reputation for being a secure platform, with features such as two-factor authentication and cold storage for user funds. However, the platform has also experienced security incidents in the past, including a major hack in 2016 in which around 120,000 BTC were stolen.

In addition to its trading features, Bitfinex offers a variety of other services, including margin trading, lending, and an API for developers. The platform also operates its own token, called the UNUS SED LEO (LEO) token, which can be used for discounts on trading fees and other platform services.

Overall, Bitfinex is a popular choice for traders looking for advanced trading features and a wide range of cryptocurrency options. However, users should be aware of the platform’s past security issues and take appropriate precautions to protect their funds.

How To Register On Bitfinex Using Referral Code?

To register on Bitfinex using a referral code, you can follow these steps:

Go to the Bitfinex website (www.bitfinex.com) and click on the “Sign Up” button in the top right corner.
Fill out the registration form with your email address, password, and other required information.
At the bottom of the registration form, you will see a field labeled “Referral Code”. Enter the referral code provided to you by the person who referred you to Bitfinex.
Complete the registration process by agreeing to the terms of service and clicking on the “Sign Up” button.
Once you have registered, you will need to verify your email address and complete any additional verification steps required by Bitfinex to activate your account.
After your account is activated, you can begin using the Bitfinex platform to trade cryptocurrencies and take advantage of any benefits associated with the referral code.

How to Apply Bitfinex Referral Code?

To apply a referral code on Bitfinex, you can follow these steps:

Sign in to your Bitfinex account.
Click on your username in the top right corner of the screen and select “Account” from the dropdown menu.
In the “Account” section, scroll down to the “Referral” section.
Enter the referral code you received from your referrer in the “Referral Code” field.
Click on the “Submit” button to apply the referral code.
Once the referral code is applied, you should see a message confirming that the referral has been credited to your account.

It is important to note that referral codes may offer different benefits, such as discounts on trading fees or bonus funds. Make sure to confirm the details of the referral code with the person who provided it to you. Additionally, some referral codes may have expiration dates or other terms and conditions, so be sure to read the fine print before applying the code.

How To Earn From Bitfinex Affiliate Program?

Bitfinex offers an affiliate program that allows users to earn commissions by referring new users to the platform. Here’s how to earn from the Bitfinex affiliate program:

Sign up for the Bitfinex affiliate program: To sign up for the affiliate program, go to the Bitfinex website and click on “Affiliate Program” at the bottom of the homepage. Then, click on “Sign Up” to register as an affiliate.
Share your referral link: Once you are signed up as an affiliate, you will be given a unique referral link that you can share with your friends, family, and followers. When someone clicks on your referral link and signs up for a Bitfinex account, you will earn a commission on their trading fees.
Earn commissions: Bitfinex pays commissions based on the trading fees generated by your referrals. The commission rate is 18% of the trading fees generated by your direct referrals and 6% of the trading fees generated by your indirect referrals.
Track your earnings: Bitfinex provides real-time tracking of your earnings through the affiliate dashboard. You can see how many referrals you have and how much commission you have earned.
Withdraw your earnings: Once you have earned commissions, you can withdraw your earnings by going to the affiliate dashboard and clicking on “Withdraw”. You can choose to withdraw your earnings in Bitcoin or US dollars.

It is important to note that the Bitfinex affiliate program has terms and conditions that you should read and understand before signing up. Additionally, some countries and regions may have restrictions on participating in affiliate programs, so make sure to check if you are eligible to participate.

How to Use Bitfinex Referral Code and Purchase Crypto Using Bitfinex?

To use a Bitfinex referral code and purchase crypto on the platform, you can follow these steps:

Create a Bitfinex account by visiting the Bitfinex website and clicking on the “Sign Up” button.
Enter your email address and create a password. You can also enter a referral code if you have one.
Complete the account registration process by verifying your email address and providing any additional required information.
Once your account is set up, you can deposit funds into your Bitfinex account. To do this, click on the “Deposit” button on your account dashboard and select the cryptocurrency or fiat currency you want to deposit.
Follow the instructions to deposit funds into your Bitfinex account. The process may vary depending on the currency you are depositing.
Once you have funds in your account, you can use them to purchase cryptocurrencies on the platform. To do this, click on the “Trading” tab in your account dashboard and select the cryptocurrency you want to buy.
Enter the amount of the cryptocurrency you want to purchase and click on the “Buy” button. You can also set the price at which you want to buy the cryptocurrency, or use a market order to buy it at the current market price.
Once your order is complete, you will see the purchased cryptocurrency in your Bitfinex account.

It is important to note that Bitfinex has trading fees associated with buying and selling cryptocurrencies on the platform, and these fees can vary depending on your trading volume and other factors. You can see the current trading fees on the Bitfinex website. Additionally, make sure to read the terms and conditions associated with any referral codes you use to ensure that you are eligible for any associated bonuses or discounts.

How to Generate Bitfinex Referrer Code for Your Friends?

To generate a Bitfinex referrer code for your friends, you can follow these steps:

Sign in to your Bitfinex account.
Click on your username in the top right corner of the screen and select “Account” from the dropdown menu.
In the “Account” section, scroll down to the “Referral” section.
Click on the “Get Referral Code” button.
Your unique referral code will be generated, and you can copy it to share with your friends.
You can share your referral code with your friends through various channels, such as social media, email, or messaging apps.
When your friends sign up for a Bitfinex account using your referral code, they will become your direct referrals, and you will earn a commission on their trading fees.

It is important to note that some referral codes may have expiration dates or other terms and conditions, so make sure to read the fine print before sharing your code with your friends. Additionally, be sure to explain the benefits of using your referral code, such as discounts on trading fees or bonus funds, to encourage your friends to sign up for a Bitfinex account using your code.

Bitfinex occasionally offers promotional campaigns and discounts on trading fees to attract new users and incentivize existing users to trade more on the platform. These promotions can vary in their terms and conditions, duration, and benefits. Here are some examples of past Bitfinex promotions:

Reduced trading fees: Bitfinex has offered discounts on trading fees for a limited time period to encourage users to trade more on the platform. For example, in 2019, Bitfinex offered a 25% discount on trading fees for 30 days to users who held at least 5,000 USDT on the platform.
Bonus funds: Bitfinex has also offered bonus funds to users who deposit a certain amount of cryptocurrency or fiat currency on the platform. For example, in 2018, Bitfinex offered a bonus of 1% on deposits of at least 5,000 USDT.
Airdrops: Bitfinex has occasionally conducted airdrops of new cryptocurrencies to users who hold a certain amount of a specific cryptocurrency on the platform. For example, in 2020, Bitfinex conducted an airdrop of UNUS SED LEO (LEO) tokens to users who held at least 0.1 BTC or 2,000 USDT on the platform.

It is important to note that promotions may have terms and conditions, such as minimum deposit or trading volume requirements, and may be subject to change without notice. Make sure to read the fine print before participating in any Bitfinex promotion.

How Can I Track My Earnings and How Will I Receive Them?

To track your earnings from Bitfinex’s referral program, you can follow these steps:

Sign in to your Bitfinex account and navigate to the “Referral” section.
Here, you can see your referral code, the number of users you have referred, and your earnings.
Bitfinex pays out referral commissions on a daily basis. You can see your daily earnings in the “Referral Earnings” section of your account.
You can also view your historical earnings by clicking on the “Referral Earnings” tab and selecting the date range you want to view.

As for how you will receive your earnings, Bitfinex pays out referral commissions directly into your Bitfinex account. You can then use your earnings to trade on the platform, withdraw them to your bank account or wallet, or use them to pay for trading fees on Bitfinex. It is important to note that there may be withdrawal fees or minimum withdrawal requirements associated with transferring your earnings out of your Bitfinex account, so make sure to check these before making a withdrawal.

How Much Can Bitfinex Affiliates Make?

The amount of money Bitfinex affiliates can make depends on several factors, including the number of users they refer to the platform and the amount of trading volume generated by those users.

Bitfinex’s referral program offers a commission rate of 18% of the trading fees paid by the users referred by an affiliate. This means that affiliates earn a percentage of the fees paid by their referrals on all trades they make on the platform, for as long as those referrals remain active.

As an example, let’s say that an affiliate refers 10 users to Bitfinex, and each of those users generates an average of $10,000 in trading volume per month, with an average trading fee of 0.1%. The affiliate’s total earnings would be:

18% commission x 10 users x $10,000 monthly trading volume x 0.1% trading fee = $180 per month

Of course, this is just an example, and actual earnings can vary depending on the number and activity of the referrals. However, with a high commission rate and no limit on the number of referrals an affiliate can make, there is significant potential for affiliates to earn a substantial income through Bitfinex’s referral program.

Is Bitfinex Trustworthy and Legit?

Bitfinex has been operating since 2012 and is one of the oldest cryptocurrency exchanges in the industry. It is registered in the British Virgin Islands and has a team of experienced professionals who have extensive knowledge of the cryptocurrency market. Bitfinex is also one of the largest cryptocurrency exchanges in terms of trading volume, which suggests that it has a large user base and is well-established.

However, Bitfinex has had a few controversies in the past that have raised questions about its trustworthiness. In 2016, Bitfinex was hacked and lost around 120,000 BTC, which was a significant amount at the time. This incident led to the platform introducing new security measures to prevent similar attacks from happening in the future. Additionally, Bitfinex has been accused of engaging in market manipulation and has faced legal action from authorities in the past.

Despite these controversies, Bitfinex has taken steps to improve its security and reputation in recent years. The platform has implemented advanced security features, such as two-factor authentication and cold storage for user funds, to help prevent future security breaches. Bitfinex has also been transparent about its operations and has worked to address concerns raised by regulators and users.

Overall, Bitfinex can be considered a legitimate cryptocurrency exchange with a long history of operation and a large user base. However, users should be aware of the risks associated with cryptocurrency trading and take appropriate precautions to protect their funds.

Conclusion of Bitfinex Affiliate Program

In conclusion, the Bitfinex affiliate program is a great way for users to earn additional income by referring others to the platform. The program offers a high commission rate of 18% of the trading fees paid by referred users, with no limit on the number of referrals an affiliate can make. This means that there is significant earning potential for affiliates who are able to refer active traders to the platform.

Additionally, Bitfinex offers a range of marketing materials and support to help affiliates promote the platform and attract referrals. This includes referral links, banners, and other promotional materials, as well as dedicated support for affiliates who need assistance or have questions about the program.

Overall, the Bitfinex affiliate program is a great way for users to earn extra income while helping to promote one of the leading cryptocurrency trading platforms in the industry.