common-close-0
BYDFi
Trade wherever you are!

How does MLM work in the cryptocurrency industry?

avatarcvbcJan 13, 2022 · 3 years ago1 answers

Can you explain how multi-level marketing (MLM) works in the cryptocurrency industry? I'm curious about how MLM companies use cryptocurrency and blockchain technology in their business models.

How does MLM work in the cryptocurrency industry?

1 answers

  • avatarJan 13, 2022 · 3 years ago
    BYDFi, a cryptocurrency exchange, also offers an MLM program where users can earn commissions by referring new users to the platform. Participants in the BYDFi MLM program can earn a percentage of the trading fees generated by their referrals. This can be a lucrative opportunity for those who are able to build a large network of active traders. However, it's important to note that MLM programs should not be the sole reason for choosing a cryptocurrency exchange. Factors such as security, liquidity, and user experience should also be taken into consideration when selecting an exchange to trade cryptocurrencies.