Lately, I’ve been interested in affiliate programs with crypto and was curious if the Paxful Affiliate Program was worth it. I really geeked out and learned a lot. I was also curious about what Paxful was and how it’s different from the crypto exchange I always use called Coinbase Pro.
Paxful Affiliate program provides lifetime commissions with a 2 tier system. If someone clicks on your affiliate link and makes a purchase on Paxful you get 50% of the escrow fee. If the person who clicked on your affiliate link refers someone that makes a purchase you get 10% of the escrow fee. These commission payouts never expire.
Keep reading and I’ll share the pros and cons to the Paxful system. I’ll share how it compares to Coinbase and how to become an affiliate.
What is Paxful?
Getting large commissions is great, but if the product sucks then it doesn’t matter right?
Paxful is a peer-to-peer platform for exchanging cryptocurrencies. Think of Ebay, but it only involves cryptocurrency. One of the main advantages to using Paxful is there are 300 payment methods to the platform.
Maybe, you have a gift card sitting around that your never going to use. Instead of thowing it away you can trade it for Bitcoin or another cryptocurrency with Paxful.
The transaction would go through escrow and Paxful would verify the gift card. Then once it’s verified both parties get what they want. They do have customer service available 24 hours a day 7 days a week.
One of the drawbacks to this platform is that sometimes these payments go through instantly and sometimes they can take MUCH longer. With other crypto exchanges, the trade takes place instantly.
Another VERY large advantage that Paxful has is it’s available in MORE countries than any exchange I’ve seen. It’s available in every country except a few listed below.
- North Korea
Yea, NO fees from the exchange. Still it’s helpful to check the price of different exchanges, so you can get the best deal.
It looks like Bitcoin is cheaper (at the time of this blog post) on Paxful than Coinbase Pro. Plus, there are No fees. It may not be a bad idea to look at many exchanges and see what the price is so you can get the best deal possible.
How Paxful Compares to Coinbase Pro
Coinbase Pro is my favorite platform for buying crypto. It doesn’t have the best user experience but has the lowest fees before I found Paxful. Since I’m a “cheap guy” or I like to say “frugal guy” the lowest fee matters the most.
Coinbase Pro is what I used to recommend now Paxful may be better if your NOT in a hurry to buy crypto.
Coinbase Pro charges a fee of 0.04% to 0.50% per trade. If it’s a market order that fee is instant and there is no waiting. Coinbase charges a fee of 1.49% for buying crypto with a US bank account. There is a fee of 3.99% for buying crypto with a debit card.
Coinbase Pro is cheaper than Coinbase, but the cheapest is Paxful. The big downfall of Paxful is that it can take some time.
When it comes to selling crypto then the fees can range from 0.5% to 5% on Paxful. Bank transfers are 1%, gift cards are around 3%.
|Fee to Buy Crypto||1.49% to 3.99%||0.04% to 0.50%||FREE|
|Fee to Withdraw Crypto||$1.00-$5.00 US||$1.00-$5.00 US||$3 to $15 US|
Notice how the fee to withdraw crypto is more expensive on Paxful. Yep, this is how they get you. Still for large orders it may still be cheaper to buy on Paxful.
How Paxful Affiliate Program Works?
The way to earn money with Paxful is to become an affiliate. What is REALLY cool about the Paxful affiliate program is it’s so “darn” easy to get accepted.
All you have to do is sign up to Paxful and you are automatically enrolled as an affiliate. There don’t care how big of a social media following you have.
There are NO interview questions you have to answer to.
I know what your thinking if it doesn’t cost money to buy Crypto, how do you make money as an affiliate?
If someone sales crypto there is a fee between 0.5% to 5%. the 5% is an Itunes and Google Play cards, while 0.5% is for a bank transfer.
If someone clicks on your affiliate link and sells $1,000 worth of crypto you would earn $2.50. Yes, it’s not a lot of money, but it’s for the lifetime of that person. Plus you can earn 10% on who that person recruited.
Easiest Way to Earn with Crypto
I used to be very skeptical of crypto and thought the idea was stupid. After really looking into it I have changed my attitude.
Crypto can give a lot of benefits to the world if you look at it the right way.
It’s a store of value that you can take anywhere in the world. Plus, anything that has to do with banking can move to a blockchain.
I’m MOST excited about DEFI. DEFI stands for decentralized finance and the project I’m most excited for is DEFI Chain. DEFI chain is built off of Bitcoin and has great founders with Julian and U-zyn.
They have many cool ideas for their blockchain and you can use your crypto to earn DFI tokens passively. I’m talking VERY large APY on your money.
You can learn more about earning money with your crypto by clicking on this link HERE. You can also get $30 worth of FREE coins if you use the code 939517.
DEFI is the easiest way to earn money with your crypto, the second easiest is affiliate marketing. Affiliate marketing is when you post a link and if someone clicks on it and buys something you get paid. The 3 easiest ways I have found to do affiliate marketing are blogging, Youtube and Twitter.
Sure, you can do affiliate marketing on any social media platform, but those 3 are the easiest.
If you are thinking about getting into affiliate marketing Paxful can be a great tool to add to your toolbox. Just remember to focus on helping other people first.
I hope this blog post on does Paxful affiliate program rock helped you. Bye for now.