Being A Crypto Broker, How Can One Earn Both Ways?

  • October 26, 2022
  • Jennifer Moore

Being a crypto broker is a lucrative and stable job for those with a knack for trading and a working knowledge of crypto digital assets. How does a crypto broker make money? The most commonly known income source is their clients’ commission fees. Here, let’s see all the sources of income for a crypto broker.

Get Your Own Branded Crypto Broker Platform

Multiple Revenue Streams of a Crypto Broker

Commission Fee

A crypto broker helps conduct trades for their clients and holds the currencies as required. The broker charges a commission fee for services like margin accounts and trade facilitation.

Crypto Brokers Can Also Trade

Along with facilitating trade, a crypto broker can also participate in trading. He can buy assets and sell whenever appropriate and earn the difference. He can also choose other trading methods, short selling, etc.

Inactivity Fee (Uncommon)

The broker could charge a standard monthly fee if the client leaves his crypto account inactive for three months or more. The time threshold, related conditions, and the set amount vary with the broker. Some brokers/platforms do not charge an inactivity fee too.

Also Read: “Be Your Own Boss!”: Journey of a Crypto Broker Becoming an Entrepreneur!

An Additional Income Source For Crypto Brokers

You surely must’ve heard of affiliate marketing, but do you know it applies to crypto as well? It is a way of rewarding crypto brokers who bring in more traders to the platform. An exchange usually pays in terms of cryptocurrencies or fiat currency. Choosing a good platform that will help you earn more from different sources is essential. It’s all about not putting all your eggs in the same box.

Usually, exchanges offer very lucrative options for affiliated marketing. Still, most crypto brokers find out that there will be many terms affiliated with it, making it impossible for them to earn an honest dime. Thus, it is crucial to get hold of a reputed platform. Moreover, when you are with a good exchange, you need not try too hard to convince new traders. The attributes and reputation of the exchange would do most of the work. A notable example of such a platform includes PayBito.

PayBito’s Affiliated Marketing

You can earn 50% in revenue sharing with PayBito’s affiliated marketing program. For every user registering from your website, PayBito offers 50% of the trading fee of the users. All you need is a blog or a social media account with good foot traffic. Influencers can quickly get hold of the audience. In a nutshell, a potential client is someone who is ready to invest in cryptocurrency and has the income source to do so.

How Does The Exchange Affiliation Work?

PayBito offers you an interface with your company’s brand. You should market and bring in traders to the exchange. The customers can initiate trading offers in your exchange or PayBito’s. The one who takes the offer and the one who makes it need not be from the same exchange of PayBito. You will receive a commission if you are the offer maker/taker.

You can find customized reports to learn your customers’ trading, payment schedules, fees, etc. If you are either the fee maker/taker, you will receive 0.2% in fee, and if you are the affiliate via which the customer joined the platform, you will receive 40% of the trading fee.

Why is The PayBito Crypto Broker Program Better Than Others?

When it comes to affiliated marketing or, in general, a crypto broker career, your earnings depend on the number of clients you hold and the tradings they perform. For such a high trade volume and good reliable clients, you need a platform with high traffic and liquidity, good security elements, easy UI, goodwill, and several trading options with multiple fiat and crypto options. PayBito offers them all to you in one platform. 

Beyond these,

  • Partners can get unlimited access to API functions of the exchange.
  • You can use community traders, trading bot developers, financial services, and more on the platform.
  • The broker program supports spot and futures trading; you can customize the strategy accordingly.

How To Get Started?

Unlike most platforms, there are no long and confusing processes for registration. The first step is to click here to get to the application form. Please fill out the application; it has reasonably straightforward questions. Recent updates in the PayBito platform allow instant registration, and activation of the crypto broker profile- in minutes. There is also a one-month free trial, with access to over 400 crypto markets, compatibility with 20 fiat currencies, and the latest integrations in cybersecurity.  

Wrapping Up

Entrepreneurs and enterprises are increasingly turning towards cryptocurrencies to leverage business opportunities from the global crypto adoption and their existing client list. The best option for combining economy and safety is in choosing an exchange that has already shot up and has a good reputation, like PayBito.

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