As a forex affiliate or IB, you already know that the crypto gold rush has arrived.
And you’re in an excellent position to take advantage of the crypto frenzy and gain more clients and commissions than ever before, by letting your audience know about the possibilities of trading crypto as a CFD instrument instead of owning the coin outright.
Let’s take a look at some of the advantages you should communicate to your network to capitalise on the crypto delirium.
Leverage – Invest Less For More
The bull rush has seen the price of bitcoin surpass the $50,000 mark for the first time, and the rate is still currently hovering around that mark.
That obviously makes the acquisition of a single bitcoin unattainable for the majority of your network. Crypto exchanges will allow users to purchase as little as $1 worth of bitcoin, but that currently stands at around 1 fifty-thousandth of a bitcoin, which as an investment, is about as worthless as it sounds.
That’s where you come in as a forex and CFDs partner. Get the word out about leverage, and how it enables people to invest in cryptos at many times their normal exposure.
Help your network see the opportunity by writing and talking about the power of leverage to give expanded access to this booming market. You’ll get plenty of eyes and ears, and with that, plenty of referrals, commissions and rebates.
The Downside Is Also The Upside
You might hold the opinion that bitcoin is the mother of all bubbles. So might many of the people you’re speaking to. But with CFDs, that only means double the opportunity.
Buying and holding bitcoins or fractions of bitcoins means you’re only set up to profit from one direction: up. You need to buy low and sell high. Wait for the dips, sell at the peaks. Your hope is always that the coin goes up, up, up.
But the reality is that no market only goes up. Markets fluctuate. They go up for extended periods, and they go down for extended periods, often suddenly. They also trade between ranges for extended periods, going up and down and settling between a price range that becomes all too familiar.
Crypto CFDs give people the chance to profit from both directions. They can long just as easily as they can go short. If they believe in the crypto utopia, they can wait for the dips and go long. If they’re convinced that this crypto bubble is due to burst at any moment, they can go short and wait for the tragic fall. If they’re pragmatic and believe that there will be ups and downs, they’re able to profit from both movements by selling when sentiment is negative and buying when the bulls rush in.
This kind of flexibility, coupled with leverage, gives your audience opportunities they simply won’t get from traditional crypto exchanges.
Inform your audience about the double opportunities provided by being able to go short. Many people are drawn to the idea of being able to profit from both sides of the equation, and it’s one of the best ways to create interest in crypto trading as a CFDs instrument, and steer them away from exchanges and into your network.
Actually Access Your Investment
Digital wallets are the key to buying, holding, and for millions of people, losing all their bitcoin and crypto investments.
There is no “lost password” recovery option for digital wallets. Once you have the password, that’s the only password you’ll ever have. You can’t change it, you can’t request a new one, and you can’t ask for help remembering the old one. And passwords for digital wallets are not something you set yourself, and they’re not exactly easy to remember.
The New York Times says that “many people are locked out of their Bitcoin fortunes as a result of lost or forgotten keys. They have been forced to watch, helpless, as the price has risen and fallen sharply, unable to cash in on their digital wealth.
“Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets”
Chances are your network will be familiar with this problem in some capacity, either because they have lost their digital wallet passwords or they know someone who has. This leads to endless nights of frustration and desperation as people try to access their investments.
This is a major benefit of trading crypto CFDs with a broker like TIOmarkets. No wallets, no keys, no fuss, no hassle. Your trade is your trade, it sits in your account which is easily accessible. If you lose your password, it’s easy to get another one. If you want to change your password, that’s easy to do as well.
Setting up and using digital wallets can also be a steep learning curve for the less tech-savvy members of your network. This group has enough worries about getting a digital wallet, never mind losing access to one. But that doesn’t mean they don’t hear the conversations everybody is having surrounding bitcoin and cryptocurrencies. They want in, but they wish there was an easier way.
It’s time you let your audience know that trading crypto is easier than ever. Walk them through the process from setting up an account to opening and then closing a trade. They’ll be won over by the simplicity of the process, and presto, the crypto craze just got a little bigger.
We’re here to help you spread the word about crypto trading with CFDs. TIOmarkets is a trusted, regulated broker with a generous commission scheme, and we have a talented and available team of people dedicated to helping you set up and grow your network. We’re in the business of making you money, because we earn when you do well.
Get in touch with us today for advice on how to capitalise on crypto today.
Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client’s losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand. This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, USA & OFAC. The Company holds the right to alter the aforementioned list of countries at its own discretion.