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The crypto ecosystem offers multiple ways to participate, from trading and staking to lending and earning rewards through airdrops. These strategies require an investor or user to actively participate in order to see returns. In addition to these activities, however, some exchanges also offer referral programs that reward users for inviting others to join. How do crypto referral programs work — and what should you consider before participating?
Key Takeaways:
A crypto referral program rewards users for inviting others to join the platform.
Most programs require deposits or trading activity before bonuses and commissions apply.
Crypto referrals are incentivized programs that encourage users to promote a specific exchange to their family, friends and acquaintances. Referrals offer a win-win situation for both users and exchanges, because users benefit from rewards and exchanges can achieve their specific marketing goals.