One of the most anticipated payment methods- Bitcoin is now available in IQ OPTION Affiliate Program. Yes! It’s possible to withdraw your affiliate commission in Bitcoin (BTC).
What is recommended affiliate program which pay affiliates commission in Bitcoins?
Answer: Bitcoin is now available in IQOptioon Affiliate Program as a new payment method – withdraw your affiliate commission in Bitcoin (BTC).
IQ OPTION team is glad to inform you that one of the most anticipated payment methods is now available in IQ OPTION Affiliate Program. Starting from today, you can withdraw your affiliate commission in Bitcoin (BTC). Please note that in addition to the main terms and conditions, the conditions for BTC payments are the following:
- Payments in BTC are available for the non-regulated balance only.
- You need to have passed KYC procedures.
- The quotes for the exchange rate are taken from the Bitstamp exchange. The exchange rate is equal to Bitstamp’s BTC/USD Ask price + an additional 1% of the Ask price (Exchange Rate) at the time of processing the payment.
Here’s a quick example: let’s say you want to withdraw $1000 and the Ask BTC/USD price is $5200; in this case, you will receive $1000/($5200×1.01)=0.1904 BTC.
As you already know, the processing of any payment request may take up to three business days. In the case of a bitcoin payment, the Exchange Rate will be locked in 15 to 30 minutes before the transaction is sent to the blockchain; this way, the dollar value of BTC you receive will be as close as possible to the initial withdrawal amount in USD.
To get payments in BTC, add bitcoin as a new payment method in Payment settings and choose it as your preferred payment method for regular payments from the non-regulated balance.
How to withdraw Bitcoin from your account and convert your BTC into fiat currency if needed?
With the Bitcoin ecosystem development, the modern methods of cashing out BTC became as convenient and widely-used as online payment transfers such as Skrill or WebMoney. There are cryptocurrency exchanges that allow their users to cash out Bitcoin to a bank account. To withdraw your Bitcoin directly into cash, use a Bitcoin ATM. Various crypto ATM radar applications will help you to find an ATM near you. As with regular ATMs, you’ll need to own a bank card to withdraw fiat currencies (i.e., USD, BRL, etc.). Another option to cash out Bitcoin is by using a peer-2-peer platform. The biggest advantage of this payout method is that it allows you to withdraw funds completely anonymously.
IQ OPTION hopes the arrival of BTC payments will add more convenience and flexibility to your budget planning.
Please be advised that to implement payments in BTC, the Affiliate Agreement has been amended:
- amendments in p. 5.5 regarding applicable payment methods;
- p. 5.6 and p. 5.7 have been added with regards to the payment details provided to the Company.
If you do not respond and disagree with the changes in three days, this will be considered as acceptance with the amended Affiliate Agreement. Should you have any questions please feel free to contact us via e-mail [email protected] or by leaving a message to your personal manager.