What is Cryptocurrency?
Cryptocurrency is a type of digital currency that utilizes a type of encryption known as blockchain to enable unbroken, direct transactions between individuals or businesses. These data blocks serve as an open source, decentralized record consisting of “blocks” of transaction data, including the history and value of the currency. Instead of a fiat, or government-backed, currency like the US dollar, or a physical commodity like gold, silver, or oil, each coin symbolizes a single unit of cryptocurrency. To put it simply, Cryptocurrency is a new type of money that only exists digitally. It is secured by powerful encryption technology, which ensures that all transactions are secure and correctly logged.
l Facts about cryptocurrency:
- Pizza was the first commercial bitcoin purchase.
Back in 2010 in Florida a man paid 10,000 bitcoins for two pizzas. That would be $470000000 today.
That leads us to the second fact.
- Cryptocurrency prices are extremely volatile
The value of a cryptocurrency might fluctuate by more than ten times when compared to the US dollar. Here are some of the main factors behind this volatility: An emerging market with low liquidity, an unregulated market backed by faith, an open investor profile, a “buy today, sell tomorrow” market.
- There are over 5,000 different currencies
At the moment, there are 5,000 different currencies in the market since everyone wants to get into cryptocurrencies, which is why new currencies are appearing in this market on a regular basis. Some currencies are worthless to buy, yet people continue to do so since no one knows when a currency may become so valuable in the market.
- The value of the cryptocurrency market topped $2 trillion in 2021
At the moment the cryptocurrency market cap. is 1.7 trillion, being already in the top 10 value of markets. For comparison gold market cap. at the moment is $11 trillion.
l 10 Most Important Cryptocurrencies
and many others.
l How to earn money on crypto as an affiliate?
Rather than attempting to make money on a cryptocurrency exchange, it may be easier to generate money through affiliate networks. You don’t need to comprehend how blockchain works, know all the financial industry terms, or keep a watch on indicators. Affiliate marketing is a lot simpler.
Types of crypto offers:
- Crypto wallet;
- Crypto Exchange (Coinbase);
- Initial Coin Offering (ICO);
- Trading Courses, webinars etc…
There are hundreds of crypto affiliate programs that accept traffic from all over the world. Analyze a few proposals and select the best ones for you. Scammers should be avoided at all costs, so only collaborate with networks that are at the top of their respective industries.
Traditionally, affiliate marketing relies on the generation of leads. When a referral takes action within 90 days of clicking on your affiliate link, such as making the purchase. If a purchase is made and enough time has passed to validate the order, the recommending affiliate will be compensated. The affiliate will often receive a percentage fee of the overall sale or profit generated from the transaction in standard ‘finance 1.0’ referral systems. Payments are done in fiat currency.
l Should you try crypto offers?
There is no debating that interest in cryptocurrencies is increasing year after year. More and more people are beginning to have doubts about the state’s financial system. People want to keep and grow their hard-earned money. Simultaneously, trust in cryptocurrencies is expanding.
The payments on cryptocurrency offerings are among the highest in the affiliate market. You can earn over $1000 for each sale. Because the industry is still in its early stages, competition has not yet reached a peak. Prepare marketing campaigns today for an impressive ROI later.
Whether you own a successful blog, news website, YouTube channel, or Twitter account, crypto affiliate networks can provide a consistent cash stream that you can rely on for months, if not years.
lHow to promote crypto with Bidvance?
Facebook and Google both prohibit the promotion of cryptocurrency offers and associated products. SEO marketing can take several months. As a result, advertising on Bidvance is a viable solution. You may get started immediately by establishing an ad campaign through our self-service portal. We would advise beginning with Popunders and/or Banners.
- High visibility
- Ads for both mobile & desktop users
- Geo targeting customization
- Detailed performance reports
Sign up here and contact your account manager for more detailed tips.
The crypto market is a golden mine. With Bidvance you have access to worldwide high-quality traffic. With a vast offer of ad format we will help you for finding a regular flow of conversions.