The crypto.com referral is one of the best referral programs to earn cryptocurrency for free. Each time a referrer will refer a referral, both will earn CRO cryptocurrency based on a fixed amount valued in US dollars.
If you are interested in the crypto.com referral program, want to learn how it works and its benefits, what you are about to learn here should please you.
What is crypto.com sponsorship?
The crypto.com referral is a referral program that allows any user of the crypto.com platform to refer a referral. Thus, if the godchild registers on the platform, makes a first deposit on his crypto wallet and places his funds in staking, then the sponsor as well as the godchild will earn a bonus in crypto currency.
If you do not know what the staking of the crypto.com referral program is, know that it is about immobilizing your CRO crypto currencies for a certain period of time.
In exchange for this immobilization of funds, the savings will generate interest in CRO cryptocurrency. Indeed, the operation of staking is similar to a savings account in a traditional bank.
What if you could get your hands on the latest crypto nuggets and NFTs?
The difference here is that the referral who places his funds in staking after joining the platform through crypto.com sponsorship will not directly earn euros or dollars but CRO. CRO is the native cryptocurrency of the crypto.com platform.
Of course, the interest obtained as well as the virtual currencies deposited in staking belong to the depositor. He can convert his crypto-currencies into a real currency if he wishes as soon as the staking period ends.
Indeed, after the CRO immobilization period, the investor (the godson) can at any time withdraw money from his crypto.com customer account to receive it on his traditional bank account by transfer or by credit card.
It should be noted that during the duration of the staking, since it is a fixed asset, funds in CRO cannot be sold against a fiat currency like the euro nor can be exchanged against another digital currency like bitcoin cryptocurrency ou de l’Ethereum.
To summarize on this essential point that is the staking of the crypto.com referral program:
- Staking is comparable to a savings account in a bank because it will generate interest for the duration of the staking
- During the staking period, CRO cryptocurrency funds cannot be sold for local currency (euro, US dollar, yen, etc.)
- It is also not possible to do crypto trading with the funds placed in staking
- The staking period depends on the crypto.com sponsorship conditions which may change during the year (generally it is 3 months)
How much do you earn with crypto.com sponsorship?
By referring a friend who registers on the platform with the crypto.com referral, the referrers will earn crypto currency CRO that they will be able to convert into real currency afterwards. They can also keep this referral bonus and stake it to generate returns. If they wish, they have the option of using this bonus to trade on crypto.com.
Thus, the sponsors will receive remuneration on the basis of a commission on the godchild’s trading costs for 1 year. Referrers will also receive a referral bonus based on the number of CRO the referral will place in staking.
In more detail, the crypto.com referral bonuses are as follows:
Commissions on the referral’s trading fees
The godson or goddaughter’s trading commissions are 50% of the total transaction fee. The godfather or godmother earns this bonus on each of his sponsored during their first 12 months of use of the crypto.com platform.
For example, if a referral carries out 100 transactions during 1 year and that crypto.com charges an amount of €2 on average on each transaction, the referrer will earn €100 in CRO.
NB: These amounts are given as an example. They may be higher or lower depending on the amount of the investment made by the sponsored investor or trader.
For information: The exact amount of transaction fees on the crypto.com platform is 3.5% when purchasing by credit card to invest in a cryptocurrency. When paying by bank transfer to deposit fiat currency (euros, dollars or any other national currency), there are no transaction fees. Regarding trading fees, they are between 0.10 and 0.16% of the total amount of buy and sell orders.
The payment of a fixed amount according to the staking of the godson
When a referral will deposit funds in staking, the referrer will earn a commission on this first deposit. The amount that the sponsor will receive as part of the crypto.com sponsorship depends on the amount that will be placed in staking by the godchild.
For example, for 1000 CRO deposited in staking by the godchild, the sponsor will receive the equivalent of $10. For 10,000 CRO placed in staking, the referrer will receive $100.
The maximum a referrer can receive in commission with this crypto.com referral bonus is $2000 per referral.
What are the conditions to qualify for crypto.com referral bonuses?
The conditions to benefit from the crypto.com referral bonuses are as follows:
- The sponsor must have registered on the crypto com platform and have an account (account opening is free)
- The referrer must have verified his identity with crypto.com via the KYC procedure (provide an identity card or passport)
- The referrer must have at least 1000 CRO in staking on the crypto.com platform
- The referral must have used the referrer’s crypto.com referral code or the referrer’s affiliate link to create their account
- The referral must have verified their identity with crypto.com
- The referral must have deposited at least 1000 CRO in staking on his crypto.com account
How to start crypto.com referral to earn money?
To refer friends or affiliates and earn cryptocurrency with crypto.com sponsorship, two options are available to participants:
Option 1: Share your affiliate link with your referral
An affiliate link is a personal link provided by a platform to which a partner is affiliated. From the moment a user clicks on the link and then registers for a paid offer, the affiliate earns an affiliate commission.
With crypto.com sponsorship, it is exactly this compensation system that is offered to sponsors. Thus, as soon as a person clicks on the link and then registers by following the conditions set out above, the referrer earns a referral commission. This affiliate link is used to track sales related to the crypto.com referral program.
To find this link, it is necessary to connect to your crypto.com account from a computer and then click on the “Sponsorship” tab at the top right of the screen. It is also possible to obtain it from the crypto.com mobile application in the “sponsorship” tab as well as on a digital tablet.
Option 2: Share his crypto.com referral code to his godson
This second option is available on computer, mobile, tablet. In the “sponsorship” tab, a unique and personal code is assigned per sponsor. This code must be transmitted to the godchildren. The latter must fill it in when creating their customer account on crypto.com.
An important clarification: the crypto.com referral system is not a cross-platform referral program. Concretely, this means that if a sponsor has opened an account with the crypto.com application, his godchildren must also open an account on the mobile or tablet application. If they open a computer account while the referrer is using the app, the referrer will not earn any commission.
The reverse is also true. If the referrer uses the website for crypto trading, buy virtual currencies, resell them, store his digital currencies in a virtual wallet via the crypto.com site while his referrals open an account via the mobile application, the sponsor will not receive any bonus.
What is the point of the crypto.com referral program?
The interest of the crypto.com referral program for the platform is to increase the number of its customers. Thus, it is a marketing operation which consists of remunerating the sponsors for having promoted the financial products and services of crypto.com. It also remunerates referrals by offering them a welcome gift for joining the crypto.com exchange platform.
Regarding the condition linked to staking, encouraging customers to immobilize their virtual currency in CRO prevents the stock market price of this cryptocurrency from falling too quickly. Since the cryptocurrency market is very volatilethe CRO cryptocurrency does not in principle escape the volatility of this decentralized financial market.
Therefore, since some of the customers will voluntarily immobilize their funds in CRO to earn free cryptos in CRO, this makes it possible to partly stabilize the course of this crypto currency.
Thus, this crypto.com referral operation can be called a win-win for both customers and the crypto.com exchange platform.
What is the crypto.com Exchange platform?
Crypto.com is one of the best crypto trading platforms. This offers many advantages to its users who are traders and private or professional investors.
Apart from the investments that make it possible to earn passive income in cryptocurrencycrypto.com offers many other financial services such as the purchase and sale of cryptocurrency, the possibility of using the crypto.com VISA bank card, the storage of investors’ digital currencies in a dedicated crypto wallet, etc.
This exchange platform also offers a crypto.com sponsorship offer which has already attracted thousands of sponsors around the world. Thus, this centralized exchange platform is a real asset in the crypto ecosystem and in general for decentralized finance.