Interdax is pleased to announce our referral program. Users earn 20 percent commission — paid out in real time — with customisable codes.
Users can earn 20% of the profit from referred users that sign up using your referral links. Each trader that registers with your referral link will get a 10% discount on their trading fees for six months.
Commissions are settled in real time, a unique feature amongst cryptocurrency exchange referral programs. As your referee completes each trade, your earnings are settled instantly with bitcoin (BTC) and credited to your main account.
Traders that participate in our referral program can also customise/personalise their referral ID.
How to Join the Referral Program
To join the referral program, go to www.interdax.com and log in to your account.
If you don’t have an account, check out this guide explaining how to register with Interdax.
Click to the profile menu on the upper right-hand side and then select ‘Referral program’ (highlighted below).
The referral program page (shown below) visualises various metrics, such as total earnings, total user referred, and referred volume.
Customise your referral link by entering your own personalised code into the box and click on ‘Apply’.
Click on ‘OK’ to confirm your customised referral ID (once confirmed, you will not be able to change it).
Share your customised referral ID on social media using the icons highlighted below.
Once your referees start trading, their name, registration date, and volume traded will appear in the list of ‘Referred Users’.
There is no limit on the number of friends you can invite using your referral link (although Interdax reserves the right to change the referral program rules at any time).
Discounts on commissions will only last six months. That means referees will save 10% on their trading fees for a duration of six months. For participants of the referral program, their earnings will increase after six months since they will then receive 20% of the full fee paid by their referrals.
Earnings from the referral program will not be paid out to duplicate or fake accounts (or any other hacks that give a user an unfair advantage over others).
Referral Payouts Example
Let’s say three of your friends sign up to trade on Interdax with your referral ID.
Their combined trading volume on Interdax is $300,000 between them. If all of their positions were opened using market orders, then the market taker trading fee of +0.05% will apply. If limit orders are used instead, the PnL from commissions is negative and nothing will get credited until the PnL balance exceeds 0 by having +$300,000 being generated by taker orders.
The total fees generated by the three referees amounts to ($300,000*0.0005) = $150. Accounting for the 10% discount your three friends receive by using your referral link, the total fees equal $135 = (0.9*$150).
Affiliates would then earn 20% of that amount ($27 = 0.2*$135), which would be credited to your account in BTC in real time as soon as they pay the taker fee.
For instance, if all three of your friends opened just one position, you would receive the $27 commission as soon as they paid the taker fee on their positions. You’d also receive commissions if they used market orders to exit their positions. If they open their trades at different times, your commissions will reflect that and will be credited separately, as and when your referees open (or close) their trades.
After six months, the discounts on commissions expire and affiliates earn 20% of the full fees. So if the combined trading volume of your referrals is $300,000 after six months, then affiliates will earn 20% of $150 = $30.
Note: the rate of commission may be adjusted after a certain period of time depending on the situation.