Paxful, one of the largest peer-to-peer (P2P) crypto marketplaces, has recently launched the brand new Paxful Referral Program to earn bitcoin (BTC). Users can now easily share their referral link and start earning passive BTC income for a year every time the referrals complete a trade.
Rewarding Referrals With BTC
Paxful users will earn 25% of their referral’s escrow fees in BTC from each successful crypto trade by the referred trader. But, if two referred traders from different referrers trade tokens, Paxful will split the 25% commission evenly, giving 12.5% to each referrer.
Irrespective of the crypto tokens the referred traders are trading, including BTC, ETH, USDT, or USDC, Paxful will reward referrer users with BTC only. Further, Paxful will calculate referral earnings on just escrow fees to ensure transparency and fair reward structures.
Rather than the usual referral campaigns, Paxful has introduced a gamified interface to make referrals more interesting, competitive, and engaging for users. Paxful has a referral leaderboard displaying the usernames of top referrers in a hierarchical ranking structure, encouraging users to refer more and climb the leaderboard.
Paxful has created an intuitive referral dashboard to seamlessly track a user’s performance details on successful and pending referrals. It shows the total number of referred users, the total available referral rewards that haven’t been withdrawn, and details about each referred user, including KYC verification status, successful trades, and referral status expiry. The dashboard also includes a withdrawal button to partially or fully withdraw the BTC rewards.
Paxful’s VIP traders received exclusive early access to the Bitcoin Referral Program as they got the first opportunity to monetize their network. These high-profile traders can use the program to grow their network by onboarding new users to Paxful and maximizing their BTC earnings.
Ensuring Fair Referrals
Paxful has introduced some rules and regulations to ensure a bias-free referral program. To prevent misuse, referrers cannot spam referral links on their social media posts or website comments, self-refer, use multiple Paxful accounts, buy advertisements for brand queries using misspelled versions, use misleading information, or buy parked domain names to redirect them to the referral link.
Users can legitimately use their referral links to attract traffic from their blog pages, personal websites, and social media channels like TikTok. They can directly share referral links with family, friends, and colleagues on WhatsApp or Telegram, and print the referral QR code for traditional ad distribution. Users can also advertise on Google Ads, YouTube Ads, and Bing Ads without bidding on Paxful’s brand keywords.
How To Join The Paxful Referral Program
Paxful has made the Bitcoin Referral program easy for all types of crypto traders, including new entrants and power or expert traders. Users need to follow just three simple steps to earn a reward through the Referral Program:
- Step 1: Share the referral link
- Step 2: Wait for your referrals to sign up with your link and complete the KYC process
- Step 3: Once the referred users start trading, earn 25% of the trading fees in BTC
The unique referral link and QR code are easily accessible from the Referral Dashboard on the Paxful website and the Referral Tab within the app. Users can access the link or QR code and share it on any platform to onboard their friends and followers.
The referred users have to register on Paxful and finish the Level 1 KYC verification procedure. The KYC process is mandatory and users will only receive rewards after its successful completion.
Users will continue to receive rewards for 12 months from the day the referred trader completes their KYC approval and starts trading. They can withdraw earnings into their wallet from the Referral Dashboard once the total reward balance is at least $10 worth of BTC.
A referral is not successful if the referred user signs up with a link but does not complete KYC level 1 verification. Similarly, if a user clicks a referral link but signs up through a different method, like a direct website visit, the referral will be void.
Paxful has pioneered crypto trading through a people-focused approach to buy, sell, and transact in crypto using local fiat currencies. Users can leverage Paxful’s infrastructure to access the global economy and trade worldwide across 140 markets with 500+ payment methods.
The Paxful Referral Program provides the most attractive incentive to invite new users into Paxful’s crypto ecosystem. Besides teaching new users about crypto and on-chain trading with Paxful’s educational blogs, the Referral program’s BTC rewards provide a positive feedback loop to invite more users. The Referral Program provides the perfect opportunity to expand a user’s community and earn BTC, making it one of the most rewarding programs.
For full details on the Paxful Referral Program and how to get started, visit Paxful’s Referral Program page.
