Best Bitcoin Affiliate Programs — BitMEX
BitMEX is one of the most popular platforms for bitcoin leveraged trading. Leverage trading allows you to trade in order sizes much larger than your account balance. You can buy (long) and sell (short) Bitcoin contracts to the value of $1 USD per contract. As the bitcoin price fluctuates, the value of these contracts increases/decreases.
You can select different degrees of leverage, up to 100x. If you believe the price of bitcoin will increase, you open a long position which means you are buying x amount of $1USD bitcoin contracts, which is basically an agreement. As the price of bitcoin rises, you will start to generate unrealised potential from this increased value, which means if you close this position at the higher price you will have made a gain.
Short Bitcoin
The inverse happens when the price of bitcoin is going down which is called shorting. This presents an excellent opportunity to increase your BTC holdings during a bear market. If you have 1 bitcoin, you then sell this for $5000 USD, and then the price of bitcoin falls to $2500 and you decide to buy back, you would be able to purchase 2 bitcoin for that same $5000.
Depending on your leverage, this will determine your potential liquidation price. As leveraged trading involves the platform essentially lending you money to trade with a larger order than your wallet would allow, you are assigned a liquidation price for each position you open. If you open a short position, and the price of bitcoin rises, you are at risk of being liquidated if it goes up too much. The liquidation price is higher or lower based on the amount of leverage you choose.
BitMEX Affiliate Program
The BitMEX affilliate program is one of the best available due to the sheer volume and size of trades each day. As most affiliate programs work, users who are referred to the site via a unique link are counted as an affiliate of the user that referred them. The referrer will receive a % of the fees that their affiliates pay to BitMEX, and these commissions are paid on a daily basis in bitcoin.
Users who sign up with an affiliate link are also given a 10% discount off their trading fees for the first 6 months. The affiliate program presents an amazing opportunity to earn a passive income. Once registered, you will get your own affiliate link to start referring users.
