Kraken Referral: How to Earn Up to $100 in BTC?

Don’t you want to earn bitcoins while sharing Kraken with your friends? This quick money-making idea rewards you with up to $100 in BTC by referring new users to this platform. Using the Kraken referral code, your referee will join, and with every successful trade, you’ll unlock special bonuses and even get 20% off trading fees for the new verified customer. 

Isn’t it a good deal? So, let’s discuss it in detail and see what common issues you can encounter while adding new users, how you can get started, and claim special offers.   

What Is Kraken Referral?

The Kraken referral is an affiliate program offered by the Kraken cryptocurrency exchange. You’ll get a referral code like “CRIPTONIZANDO,” which you can share with your friends and family. If they join, you’ll get paid a commission. 

You can easily find the promotional link on your Kraken account. However, the Kraken referral bonuses depend upon the trading activity of your referee; the more they trade, the more you’ll earn. 

For example, if your friend did a $100 crypto trade and paid a $10 fee, you’ll get $2. Similarly, if your referee traded $1000 worth of crypto with a $100 fee, your credit will be $20. 

Make sure your referee uses your code during the sign-up process to credit the rewards; otherwise, you won’t get any bonus. 

This is quite a doable income stream, considering you can add multiple users using your Kraken referral code to earn commissions with trades. There’s no deadline, so you can keep referring people. 

Even if you stop trading completely, your referral network will be making you money. This makes it a scalable way to earn Bitcoin over time.

How are Referral Bonuses Calculated?

We have discussed how this Kraken affiliate works, so let’s see how your bonus will be calculated. Whenever you refer a friend to this platform, you have the chance to claim a bonus, but it depends on the trading activity of your referee. 

Keep in mind these referral rewards aren’t a fixed amount; instead, you get a percentage of the trading fees paid by the referred user. This means your earnings can vary depending on how actively your friend trades and the volume of their transactions. 

For example, if you earn 20% of the trading fees your friend pays and they make a trade with a $10 fee, you’d get to earn $2 as your referral bonus. 

The more frequently your referred person makes a trade, the higher your potential referral bonuses. Let if your friend is an active trader and made a total of $10,000 over a month with an average trading fee of 1%. 

This doesn’t mean they made $10,000 at once; it could be multiple small trades that make up this value. The fees they paid for the month would be $10,000 x 1% = $100. This means over the month they were charged $100 for all the $10,000 worth of trades. 

Thus, if your referral bonus for your friend is 20%, you’ll get paid $20 for that month. This example shows how your referral earnings vary based on the total amount traded by your friend and the trading fee percentage.

How to Choose the Ideal Kraken Referral Code? 

While joining this affiliate program, this step is crucial. You have to choose which referral code comes with the maximum benefits and rewards. 

The most recommended is “CRIPTONIZANDO,” considering all the payouts and benefits you’ll receive. 

Using this code, new users can earn up to $100 BTC once they complete the trading milestones. This is significantly higher than Kraken’s average $50 bonus with non-exclusive promotional codes. 

According to Kraken’s referral program statistics, codes with exclusive bonuses are 20% more rewarding than standard referral links. 

Another factor why you should prefer the recommended referral code is the high earning potential. 

The Kraken affiliate program rewards the user by considering their trade volumes, and some codes are structured this way to maximize your commission as your referee trades more. 

Kraken says referrers earn 15% more with codes linked with trading benefits compared to generic ones. So, choose your codes very wisely! 

However, there’s an eligibility condition to earn up to $100 in bonus. The following are these:

• The referred person should be a new active user who didn’t have the Kraken account previously.
• The referred user must buy or sell (trade) at least $100 worth of crypto within 30 days of signing up. This is the minimum trading requirement set by Kraken.
• The $100 trading requirement does not apply to cryptocurrency deposits made into the account.

Step-by-Step Guide to Using Kraken Referral Code

The Kraken affiliate program works very simply. All you have to do is share your referral link, and once your referee joins, you’ll get the commission. 

Sounds too good? Let’s see the procedures one by one:

1. Signing Up on Kraken 

Go to the Kraken official website and sign up with the required credentials. Enter the referral code, such as “CRIPTONIZANDO,” in the appropriate field. 

Make sure you have an active email ID and a strong, memorable password. Also, put all the correct details and keep an eye on typos while entering the referral code.

2. Identity Verification 

Next, you have to verify your ID. It’s a mandatory step to activate your account and credit bonuses. Put in all the necessary details to verify your account. 

Kraken has strict security protocols called KYC (Know Your Customer), so make sure you don’t enter false information, or else your account will be banned. 

It’ll take a few minutes to hours, based on the account type. 

3. Claim Your Bonus 

Here comes the reward, but first you have to meet the minimum trading volume required by Kraken’s referral terms. Otherwise, you won’t get any BTC credit. 

Once you reach this milestone, Kraken will automatically transfer your bonus to your bank account. However, the transaction can take up to 10 business days. 

Once credited, you can see the bonus amount in your account. If it doesn’t appear, then there might be two possible issues:

• Either you entered the wrong referral code during sign-up.
• Your account doesn’t meet the specified trading volume. 

What to Do If the Bonus Code Doesn’t Work?

Often, users complain the bonus code is invalid or not working. But the issue can persist from your side too; look out for a few things:

• Typos: This is the most common problem. Check if any character is misplaced or capitalized. Copy it exactly and re-enter it again carefully.

• New User Eligibility: Referral codes are for new users. Hence, make sure you enter it during account creation. 

Try getting in touch with Kraken support if you already have an account to find out if there are any bonuses left for returning customers.

• Expire Code: Some codes are time-sensitive. You can verify its validity with Kraken’s official sources. If it’s expired, you’ll get another active code. 

• Code Usage Limit: Referral codes are often available to a limited number of users. Contact Kraken customer support to know about the restriction. 

There can be geographical limits too; look out for that also. Use the code that doesn’t come with these constraints. 

Conclusion: Is It Worth Using the Kraken Referral?

Well! If you love some extra money benefits, this affiliate program is worth your time. However, note that nothing comes without a cost, so Kraken referral also has its pros and cons. 

It comes with up to $100 BTC bonuses and has a very secure verification process to protect you from scams. The best part? You can easily claim your bonus, and it transacts to your account automatically. 

This is undoubtedly a smooth, streamlined way to earn bitcoins. But Kraken also has some strict requirements, like minimum trading volume, time-sensitive referral links, etc.  

But it doesn’t eliminate the fact of the exclusive payouts it offers. You just have to be a little vigilant before proceeding. Trade wisely! 

FAQS