Kraken, a major cryptocurrency exchange, has a great affiliate program. Just refer someone to open a Kraken account, and you earn a commission on all their trades for life.
In this article, we’ll explore the Kraken Affiliate Program and whether it’s worth your time as an affiliate marketer. Let’s jump in!
Overview of Kraken
Founded in 2011, Kraken is one of the largest and most well-known cryptocurrency exchanges in the world. With its headquarters in San Francisco, Kraken operates in Canada, the EU, Japan, and the US, providing access to one of the widest selections of cryptocurrencies.
Kraken allows users to trade, buy, and sell popular cryptocurrencies like Bitcoin, Ethereum, and many altcoins. It also offers features like margin trading, OTC services, futures contracts, and more for advanced traders.
Besides, Kraken utilizes advanced encryption technology and offline, air-gapped cold storage to keep funds safe. The exchange has never been hacked or compromised.
Overview of Kraken Affiliate Program
The Kraken Affiliate Program lets you earn a percentage of the fees from trades made by people you refer.
It’s great for personal finance and crypto content publishers, creators, and influencers. Also, if your audience is into crypto, personal finance, and investing, or if you run a sub-affiliate network, this program is for you.
You can join for free on Impact Radius. But Kraken needs to approve your sites and apps before you can join. They won’t accept:
- Partners listed as “Offline” or “Other” without more information
- Private social media accounts
- Inactive sites
- Content that’s not related
Once you’re in, Kraken gives you text links and banners to promote their stuff.
Kraken Affiliate Program: Commissions and Payment Details
The Kraken affiliate program gives you 20% of the fees from clients you refer to Kraken. You get this for the whole time the client stays with Kraken, but there’s a limit of $1000 per client. The fees include trade fees for spots and futures, spot margin opening fees, and spot margin rollover fees.
The program also has a 180-day cookie duration. This means you’ll earn commissions from referred users’ trading fees when they click your link and trade on Kraken within 180 days.
To withdraw your money from Impact, you need at least $10 USD in your account. They’ll pay you through Direct transfer, BACS, or PayPal 14 days after the day your approved transactions are invoiced.
Pros and Cons of the Kraken Affiliate Program
Here are some key advantages and disadvantages of the Kraken affiliate program you need to consider before joining:
| Pros | Cons |
| Generous recurring commissions (20% of trading fees) | Pre-approval of sites required |
| Easy-to-use affiliate dashboard | Cryptocurrency market volatility |
| High-quality marketing materials provided | $10 minimum threshold required |
| Cookie duration of 180 days |
Joining the Kraken affiliate program presents several advantages for affiliates. The program allows affiliates to earn 20% of the trading fees for the life of referred users, providing a constant and long-term income.
Besides, Kraken’s affiliate dashboard is easy to use, making it simple to track links and earnings. Affiliates also get high-quality marketing materials to improve their promotions.
However, potential drawbacks exist within the Kraken Affiliate Program. Getting sites pre-approved before joining might cause delays, affecting affiliates’ ability to start earning right away.
Additionally, the cryptocurrency market’s ups and downs can make referred users’ trading unpredictable, impacting affiliate earnings. Also, remember you need at least a $10 payment threshold to withdraw your commissions.
Kraken Affiliate Program Sign Up: Step-by-step Guide
Here is a step-by-step guide on how to join the Kraken affiliate program:
Step 1: Visit the Kraken affiliate program page
Go to the Kraken affiliate program homepage at https://support.kraken.com/hc/en-us/articles/360027545252-Kraken-Affiliate-program. Then, click “Click here to become an affiliate!” to access the application form.
Step 2: Complete the affiliate application
Fill out all required information in the affiliate application form, including your account, company, and promotional info.
Step 3: Get approved
After submitting your application, you’ll need to wait for approval from the Kraken affiliate team. This usually takes 5 business days.
Step 4: Kraken affiliate program login
After approval, you can log in to your Kraken affiliate dashboard. It has your special referral links, promo materials, and tracking stats.
Step 5: Promote your affiliate links
Now, you can start sharing your referral links and earning commissions from Kraken! Remember to use your special affiliate link when promoting to make sure your referrals are tracked right.
How to Promote the Kraken Affiliate Program?
To effectively promote Kraken products as an affiliate and boost your commissions, consider implementing the following strategies:
You can start by making articles that compare Kraken to others, showing its advantages, like security and user-friendly design. People like precise info to help them decide, so emphasize why picking Kraken is better than other platforms.
Besides, you can incentivize sign-ups by offering promotions or bonuses to your audience. This could involve exclusive discounts on trading fees, special offers for new users, or additional resources that enhance their cryptocurrency experience. By providing added value, you can encourage users to sign up through your affiliate link, leading to increased commissions.
Moreover, you can strategically utilize banners and text links on your website’s high-traffic pages. Directing visitors to Kraken through these prominent links enhances visibility and increases the likelihood of conversions.
Lastly, you can engage with your community by participating in relevant forums. You can actively contribute to discussions, answer questions, and share your experiences with Kraken. Building a positive presence in these forums shows your expertise and lets you naturally share your affiliate link.
Is the Kraken Affiliate Program Worth It?
With its large user base, popularity, and recurring commission structure, the Kraken Affiliate Program offers significant monetization potential for crypto influencers and publishers alike.
Let’s compare potential earnings to other crypto affiliate programs:
- Kraken pays a 20% lifetime commission on referred users, while Coinbase pays just $10 one-time for referred purchases.
- Kraken commissions are based on trading fees, which can result in higher payouts compared to flat signup bonuses or one-time payments.
- A referred Kraken user that executes just $100 of trades each month could earn you $20 per month. Suppose your website has 5000 monthly visits and a conversion rate of 1%. That’s 50 people, each bringing in $20. So every month you will have $1000 per month.
While it may take time to build your referral base, the lifetime commissions provide the potential for passive crypto income. With consistent promotion and an engaged audience, affiliates can certainly earn the monthly minimum for payout within several months.
For publishers who educate audiences on cryptocurrencies, the Kraken Affiliate Program presents an excellent monetization opportunity. The combination of competitive commission rates and Kraken’s strong brand in crypto make this a worthwhile program to be part of.
FAQs
Does Kraken have an affiliate program?
Yes, Kraken offers an affiliate program allowing you to earn a percentage of the trading fees from users you refer to Kraken.
Who should join the Kraken Affiliate program?
The Kraken Affiliate program is ideal for anyone with a website, blog, YouTube channel, or social media following related to cryptocurrency, investing, or finance. Crypto influencers, bloggers, and publishers can all benefit from joining the program.
Is there a fee to join the Kraken Affiliate program?
No, there are no fees to join the Kraken Affiliate program.
Are there any minimum requirements to become a Kraken affiliate?
There are no minimum traffic or referral requirements to join. Anyone can sign up and get approved to become a Kraken affiliate. However, your website or platform should be relevant to Kraken’s target demographic and niche.
Can the Kraken program be combined with other affiliate programs?
Yes, the Kraken Affiliate program can be easily combined with other crypto affiliate programs or even broader affiliate programs. There are no exclusivity restrictions, so you are free to promote other offers.
What are the best Kraken affiliate program alternatives?
Some of the top alternative crypto affiliate programs are Binance, Coinbase, Bitfinex, Crypto.com, Gemini, and eToro.
