Several Crypto.com fees apply when you buy and sell shares in prediction markets. Well, when you refer a new trader to the platform, you’ll receive 50% of their net trading fees for 12 months from the referee’s registration date. The key thing to remember here is you’ll receive a commission based on the net trading fees, after lock-up and volume discounts are applied. Additionally, commission accumulated from all of your referrals will be paid daily to your wallet.
Rewards Your Friend Can Claim Using the Crypto.com Referral Code
One challenge I’ve noticed with prediction market referral codes is that it can sometimes be tricky getting friends to enter the code during registration. This isn’t the case with the Crypto.com referral code, as your friends will actually receive rewards of their own.
How to Send Your Referral Code for Crypto.com to Friends
To qualify for the Crypto.com referral program, you must have successfully verified your account at the advanced KYC (Know Your Customer) level and have locked up at least 1,000 in Crypto.com tokens. You can then head to the Referral page while logged in to your account. From here, you can generate a unique Crypto.com referral code or link to share with your friends.
Be Sure to Share the Benefits of Crypto.com
If you’ve read my recent Crypto.com prediction markets review, you’ll know that there are many reasons to choose this platform over competitors. Be sure to share some of those reasons with your friends when sending your referral code. This could include the huge selection of prediction markets, affordable trading fees, and the sign-up bonus they’ll receive. By highlighting these benefits, you give your friend a reason to join using your link.
How to Use the Crypto.com Referral Code
Another benefit of choosing a prediction market site like Crypto.com is that it is super beginner-friendly. The registration process only takes a few minutes from start to finish, making it easy for new traders to get started. Your friend can join by following these steps:
- Visit the Crypto.com website
- Select the Sign Up button
- Add your information to the form
- Add the referral code
- Agree to the terms of service
- Complete KYC verification
After completing these steps, the referral bonus you receive will depend on how much tokens your friend locks up. Likewise, the rewards your friend qualifies for are based on the size of their first trade.
Claim Rewards up to 1 Year After Registration
Don’t worry if your friend forgets to register with your Crypto.com referral code; they can apply it up to 1 year after account registration. To do this, they’ll need to go to the Partnerships page and select Referral, then click ‘Enter a Referral Code here’.
Where Can the Crypto.com Referral Bonus Be Used?
If you’re hoping to use your referral rewards for Crypto.com sports predictions, don’t worry, you’re good to go. Since rewards are paid in Crypto.com tokens, there’s a lot of flexibility in how they can be used. This includes trading event contracts, paying platform fees, and accessing additional rewards through lockup. Personally, I like to use my referral rewards for event trading, and you can find a wide range of markets, such as:
- Crypto
- Sports
- Politics
- Economics
- Culture
These markets are incredibly easy to navigate with thousands of new events added every week, so you’ll be truly spoilt for choice. However, I’d recommend sticking to stuff you’ve got a genuine interest in, as this will make it easier to make more informed trading decisions.
Pros and Cons of the Crypto.com Referral Program
Here is a quick summary of the pros and cons of the Crypto.com referral program:
Pros
- Generous rewards
- Share a code or link
- Rewards for both users
- Fair rules and requirements
Cons
- Strict KYC verification
Crypto.com Referral Rewards Do Not Apply to App Sign-ups
The referral rewards mentioned in this guide apply only when your friend signs up through the Crypto.com website. If they register through the app instead, they won’t qualify for these rewards, since a separate referral program applies to app-based registrations.
How Does the Crypto.com App Referral Program Work?
If your friend wants to register using the Crypto.com app, a separate referral code must be generated through the native app. The rewards are also different, as they’re based on trading milestones that must be hit within the first 30 days. You can refer up to 100 traders through the app, assuming each referral meets the highest trading volume requirements.
Is the Crypto.com Referral Program Worth Considering?
If you’re an existing trader at Crypto.com or looking to get started, the referral program is an excellent tool to help boost your balance. The terms surrounding rewards are super transparent. There’s even a separate referral program for traders using the Crypto.com app.
Ready to join the Crypto.com prediction market site? Follow any of my links on this page to get started today.
