What is the BIT Affiliate Program?
BIT would like to invite you to become a BIT affiliate and share in the benefits by inviting more people to become BIT users. In this program, you can generate an exclusive invitation link and send it to your friends and community members, inviting them to sign up as BIT users and enjoy a share of the invitee's commission on their trades.
Who can become a BIT affiliate?
If you are a veteran of blockchain and cryptocurrency, or a KOL in the crypto space, or an influential content producer, or have a wide network of traders, or a loyal fan of BIT products, you have the opportunity to become a BIT affiliate and enjoy a high commission if you meet any of the above points.
How do I earn from the BIT Affiliate Program?
a) If you are an affiliate
You can apply directly to become an affiliate by inviting new users to sign up and trade on BIT and you will earn a percentage of the actual commission paid by the invited user on the trades.
b) If you are an invitee
You may receive a commission rebate for signing up to BIT through the affiliate/sub-affiliate's exclusive link (the percentage of rebate depends on the percentage set by the affiliate/sub-affiliate)
How do I apply to become a BIT affiliate?
Register and login to your account on BIT , visit the BIT Affiliate Program page and click on the[Apply]button to submit your application.
I have submitted my application to become an affiliate, when will I receive the result of my application?
We will review your application within 24 hours and give you the results within 7 working days. You can check the progress of your review by going to the affiliate page on BIT.
What is the maximum percentage of my rebate? How do I split the commission between myself and my invitees (my clients)?
When you are approved as a BIT affiliate, your default commission is 40%.
In addition, you can allocate your own commission and define your own split with your clients.
if Agent A's rebate is capped at 40% and he sets his split with his clients at 1:1, then the rebate received by the affiliate and the clients is as follows:
Affiliate earnings: 20% of the trading fees
Client commission rebate: 20% of the trading fees
How do I increase my rebate limit?
Based on the influence of BIT affiliates, the number of friends invited and the trading volume of the invitees, we will periodically conduct a comprehensive evaluation of the performance of the affiliates and based on the results of the evaluation, we will increase the level and percentage of rebates for affiliates who perform well.
What is a sub-affiliate?
The BIT Affiliate Program is designed with a unique sub-affiliate incentive scheme, whereby clients invited by affiliates can also be appointed as BIT affiliates (i.e. sub-affiliates), and become sub-affiliates to invite new customers to sign up for BIT through an exclusive link and receive a percentage of the commission for their trades. commission.
What is the maximum commission for sub-affiliates? What are the rules for distributing commission between affiliates and sub-affiliates?
Sub-affiliate's Commission Limit: The maximum commission a sub-affiliate may receive from its clients is equal to the commission limit of its parent affiliate. Each commission received by a sub-affiliate will be split with their parent affiliate in an agreed percentage, which is set by the parent affiliate.
During the actual invitation process, the commission earned by the sub-affiliate is subject to deduction of the portion of the commission rebate given to the invitees during the invitation campaign and the surrender of a portion of the rebate to the parent affiliate, thus:
The commission of a sub-affiliate receives= the client’s trading fee * the sub-affiliate’s commission percentage for the invitation campaign * the sub-affiliate’s share percent with the parent affiliate
A becomes a BIT affiliate and then A invites B to sign up for a BIT account and trade using an exclusive link. After a period of time A appoints B to become a sub-affiliate of A.
Assuming that A's total commission is 40%, A sets the split with sub-affiliate B at 1:1. Then B sets the commission to invitees in an invitation campaign as 10%. At this point:
Sub-affiliate B’s commission cap = 40%
Sub-affiliate B’s commission percentage = 30% (Sub-affiliate’s commission cap of 40% - Sub-affiliate’s commission percentage to invitees of 10%)
Sub-affiliate B’s share with parent affiliate A = 0.5
Sub-affiliate B’s Actual Commission= Clients’ Trading Fee * Sub-affiliate B’s Commission Percentage (30%) * Sub-affiliate Share (0.5)
What products can I receive rebates on when an invitee trades?
You will receive a rebate on the actual trading fees incurred by the invitee when trading spot, margin, coin-margined futures, perpetual and options products on BIT .
1. The rebate will be calculated based on the amount of commission actually received by the platform for each trade made by the invitee. If the invitee's actual trading fee charged by BIT is negative due to a preferential rate, no rebate will be generated for that trade.
2. BIT does not support rebates on USDT-Margined futures and perpetual temporarily.
How long is the valid period of the rebate?
The invitation relationship is permanent once it is established. However, the rebate is valid for 180 days (subject to change), after which time you will no longer be entitled to the invitee's share of the commission and the invitee will no longer be entitled to a commission rebate.
How often is the invitee's deposit, trade and commission data updated?
Invitees' deposit, trade and commission data will be updated every half hour and you can view the details on the affiliate page.
When can I withdraw my earnings?
Your commission will be settled at 08:00 (UTC+8) daily and you will be able to withdraw your latest earnings once the system has settled.
What is the currency of the rebate I receive?
The commission you receive is the actual currency paid to the platform by the invitee.
For example, if the invitee trades BTC coin-margined perpetual swaps and pays BTC as commission, the commission you receive will also be BTC.