The following post is based on my own experience as working as a Bitcoin affiliate for the past two and a half years.
It’s with a heavy heart that I write this article, but this has gone too far. When a company with Coinbase’s magnitude allows itself to act however it wants, something has got to be said.
I manage 99Bitcoins, a blog for Bitcoin newbies that creates a sustainable business model using Bitcoin referral programs (i.e. affiliate programs).
What is Coinbase’s referral program?
Simply put, your refer people to Coinbase and if they become paying customers you get a commission for bringing them in. The program has been around for a long time, but recently the commissions were raised to $75 per paying customer from the $5 it was in the past.
The rules are as follows:
- Customers have to sign up to Coinbase by clicking your referral link
- They need to buy at least $100 worth of BTC
- They need to be from one of the supported countries
Sounds attractive, right? Well, not so fast…
My own results with Coinbase’s referral program
Around two weeks ago, I decided to start a promo for 99Bitcoins’ readers. Each reader who signs