Cryptocurrency referral programs are a great way to make extra income but did you know that by using LocalCoinSwap as your peer-to-peer (P2P) exchange you and your friends can take advantage of instant rewards and both earn an ongoing passive income whilst trading cryptocurrency with your peers?
With this simple step by step guide, you will learn how to use your free LocalCoinSwap referral code quickly and easily to earn cryptocurrency whilst trading on the LocalCoinSwap P2P exchange. Read on to see how quick it is to refer people and learn everything you need to know.
What Is The LocalCoinSwap Referral Program?
The LocalCoinSwap Referral Program is a tiered referral program that allows both you and your friends to earn cryptocurrency rewards whilst trading on the LocalCoinSwap P2P exchange. When you register on LocalCoinSwap, every user account gets a free referral code. This can be found in your profile.
You can share this code with your friends and family as a link allowing them to directly sign-up to the LocalCoinSwap platform. By sharing this referral code, you will both earn cryptocurrency every time the person that you signed up completes a trade that they posted onto the exchange.
Why Join The LocalCoinSwap Referral Program?
- A Global Market Place - LocalCoinSwap is a global P2P marketplace that allows anyone around the world to create their own business buying and selling cryptocurrencies.
- Earn Cryptocurrency As A Passive Income - Both you and your friend can benefit from our Referral Program by earning cryptocurrency as an ongoing passive income stream.
- No KYC - LocalCoinSwap does not require you to sign-up with KYC/AML allowing anyone to join from around the world and ensuring your privacy is maintained
- No Limits On Trading - LocalCoinSwap puts no withdrawal or deposit limits on the volume you are allowed to trade. Trade as little or as much cryptocurrency as you like without any worries.
- Platform revenue goes to the community - In addition to the generous referral program, LocalCoinSwap also also distributes 20% of trade fees collected from the exchange back to the crypto community. This is done through the Buyback and Burn program. This means that you can earn even more profit if you own LCS Cryptoshares, the exchanges unique cryptocurrency.
How To Earn Cryptocurrency In 3 Simple Steps:
- Register On LocalCoinSwap - Go to: https://localcoinswap.com and click the register button. You only need an email address to register. There is no KYC and LocalCoinSwap does not require any further ID information or unnecessary verification and so you can begin trading immediately.
- Find Your Referral Code - After you have signed up and logged in, open your user profile. This can be found by clicking on your username displayed to the right-hand side of the screen. Once on your profile page, you will find your unique referral code at the bottom along with an easily shareable site link.
- Share Your Code - Copy and share the referral code with friends and contacts so they can sign-up with it. They will be taken to the registration page automatically with the link. You will be able to see all the users you have successfully referred in your profile after they have used your link to join. You can even share it on social media to maximize the number of users you refer.
How Does The Referral Program Work?
Every user who posts and completes a successful trade on the LocalCoinSwap platform pays a 1% trading fee. When you refer a friend to LocalCoinSwap, you will receive between 10% to 30% of the fees that your friend pays depending on your holdings of LCS Cryptoshares.
- 0 - 24,999 LCS Cryptoshares: 10% bonus
- 25,000 - 49,999 LCS Cryptoshares: 20% bonus
- 50,000+ LCS Cryptoshares: 30% bonus
Additionally, all users that you refer, also receive a referral bonus of 10% back on any fees that they pay.
So let's look at an example:
- You own no LCS, and you refer a friend to LocalCoinSwap
- Your friend posts and completes a trade of 1 BTC and a 1% fee is taken from that successful trade
- This fee is equal to 0.01 BTC
- Both you and your friend will each receive 10% of that fee, which equals 0.001 BTC each (around $4 at the time of writing)
- This payment is deposited directly into both users LocalCoinSwap wallets at the time of trade completion.
- If you were holding 50,000+ LCS in your wallet at the time of trade completion, then you would receive a referral payment 3x bigger (0.003 BTC).
There is no limit to the number of users you can refer, and you will receive referral payments for all trades that those referred users make. So if the above user makes a second trade of 100 BTC, you will then share in the 1 BTC trading fee that they pay in the same proportions as above!
It's that simple!
What Cryptocurrencies Do I Earn & How Do I Claim?
Your referral bonus is paid to you instantly by LocalCoinSwap. There is nothing more for you to do. You receive your referral bonus in the cryptocurrency being traded. All cryptocurrency payments are paid to your LocalCoinSwap wallet after the trade is completed.
For example, if you refer a friend that makes a trade in Bitcoin, you will both receive Bitcoin into your wallet! This is the same for any of the cryptocurrencies that can be traded on the platform. If your referred friend trades Ethereum, you both receive Ethereum in your LocalCoinSwap wallet.
How Many People Can I Refer With My Code?
Your unique referral code can be shared with as many people as you like. The more people trading with your referral code the more you earn. Remember each time they trade cryptocurrencies they earn too so you both win!
How Frequently Am I Paid?
The referral bonuses are paid out every time a successfully posted trade is completed by those you referred. This is done instantly for BTC and Dash trades and sent directly to your LocalCoinSwap wallet.
There is a delay for non-custodial trades due to updates being completed to the referral system. More info can be found here:
Can I Get A Larger Referral Bonus?
Yes, you can get a larger bonus by becoming an LCS Cryptoshare holder.
You can buy LCS Cryptoshares by posting a BUY trade on LocalCoinSwap or responding to a SELL trade advertisement already listed on the LocalCoinSwap platform for LCS Cryptoshares. Alternatively, you can get LCS Cryptoshares by trading it for Bitcoin on the hotbit.io exchange.
LCS Cryptoshare holders get a larger bonus depending on how many LCS Cryptoshares they are holding so if you want a larger referral bonus, then all you need to do is buy LCS Cryptoshares!
Sharing your referral code benefits you and your friends when buying or selling cryptocurrency. By getting others to sign up you both earn cryptocurrency on every completed trade they make. The more people who sign up and trade using your referral code, the more cryptocurrency you have the potential to earn. The LocalCoinSwap referral code is different from other platforms because you both earn an instant bonus on every completed trade they advertise. Using the three simple steps above it is quick and easy for everyone to get started.
What are you waiting for? Get started earning money on LocalCoinSwap today - https://localcoinswap.com