A referral (from referral — "directed, recommended") is a new participant in a crypto service who came to the project via a special link or promo code of an existing user. In this way, exchanges, wallets, exchangers, and affiliate programs stimulate organic audience growth: every existing client becomes a channel for attracting new ones.
How the referral system works
The inviting participant (also called a referrer) receives a unique link. When a new person signs up through it and begins using the service, the system records the connection between them. For this, the referrer may receive bonuses: a share of the fees from the referral's transactions, a fixed payout, or other privileges provided for by the program's rules.
- referral — the invited user;
- referrer — the one who invited;
- referral link — the individual identifier of the invitation.
Referral programs are widespread in the industry, but they should be treated carefully. Attractive terms are sometimes used by dubious projects to rapidly grow their base of depositors. Before signing up via someone else's link, it is useful to study the reputation of the service itself, rather than focusing only on the promised bonuses.
