How to Earn Bitcoin in South Africa with Little Investment
How to get your hands on some bitcoin in South Africa for free
Coindirect.com which is one of a few places that allows people to buy, sell and store bitcoin and other cryptocurrencies in South Africa recently announced the launch of their affiliate program last week.
What you get for joining the cryptocurrency affiliate program
1. You earn 20% commision from Coindirects transaction fees for every transaction the person you refer makes on Coindirect for as long as they are active on the platform.
2. You earn commission in the cryptocurrency the person you refer buys in i.e. if you refer someone and they buy in bitcoin, you will also earn commission in bitcoin, if they buy ethereum you will also earn ethereum into your free Coindirect wallet which you will get when you sign up.
3. You will get paid daily if your referrals are transacting regularly.
4. Coindirect also allows people with enough investment capital or cryptocurrency to sign up to the platform as vendors, this means they run a fulltime cryptocurrency trading business which the platforms gives them the tools to operate. If you refer a vendor/trader/seller you will make more money as they will be transacting daily.
How you earn bitcoin and other altcoins as a Coindirect Affiliate
1. You have to sign up for a free Coindirect account
2. Login and click on the affiliates tab and then click "Join the program" to get your affiliate link.
3. Start sharing your link with all your friends and family who are interested in buying bitcoin or cryptocurrency, share it on your social media accounts, youtube and on your blog etc. The more people you convince to join the more you will earn.
4. You will be able to track your earnings in your affiliates dashboard each day
Please also note that if you have the money, you can start investing in cryptocurrency from R500 for bitcoin or any of the 33 other cryptocurrencies available on the platform. You can pay for your cryptocurrency instantly through online banking in rands. The old investment saying says that it's best to buy when prices are low and sell when they are high in order to profit or hold onto your investment if you believe it will be worth more in the future because of the underlying block chain technology. Holding onto your cryptocurrency investment is called "Hodling" in the cryptocurrency community.
Please note that this is not financial advice and should not be taken as such, cryptocurrency is risky meaning you stand to make a lot of money over night but you stand an equal chance of losing a lot of your money/investment value overnight as well. Read up some more on cryptocurrency and get some professional advice so that you can make educated investments especially with the lesser known altcoins.
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