🫂Referrals

Refer a friend

Current users of Yesbit OTC could go to the Referral webpage to find your unique referral URL (this URL usually would not change and could be shared repeatedly). Users could share the link to friends by simply copying and sending it out. Once your friends has completed the registration after clicked your URL, he/she will become your referee.

Earn commissions

Users could earn commissions from referees' Quick Trade transactions on Yesbit OTC platform. The commissions will be credited as CAD into users' account balance instantly once the referee made a Buy/Sell transaction. The commissions could be used for trading or withdrawn into users' bank account.

Calculate your commissions

Users could earn 45% from the Liquidity Spread (max. 1%) of a referee's Buy/Sell transaction as commission.

Scenario

John also invited Tim to join Yesbit OTC. Tim has completed the registration, and sold 2 BTC for $100,000 CAD. John will receive $100,000 / (1-1%) * 1% * 45% = $455 as his commission.

The scenarios above are only for explanation purpose. Actual amount of commissions might be different from above subject to price fluctuation of crypto currencies.

About the Liquidity Spread

To provide the best price to our clients, Yesbit OTC is dedicate to stabilize the market value of our crypto pool by constantly monitoring the market changes and executing trading strategies precisely. Yesbit OTC will charge 1% liquidity spread based on the market price to cover all possible costs occurred during trading (due to price fluctuation of crypto currencies).

Scenario

John received a quote of $50500 / BTC (market price $50000 with an additional 1% liquidity spread) at 10:00 a.m.. John decided to take the offer to buy 1 BTC by $50500 at 10:05 a.m.. Although the market price has went up to $52000, John could still buy 1 BTC by $50500. Yesbit OTC will bear the loss due to the price change.

The Liquidity Spread might be different among different clients due to trading volume, market, and etc. Liquidity spread will be no more than 1% and could be as low as 0% in Yesbit OTC. For more details, please contact our customer support.

About the referral program

• There is no upper limit in terms of the amount of the referees and the commissions.

• Users will no longer receive commissions from a referee's Buy/Sell transactions, once the referee has registered for more than a year.

• Only Canadian residents over the age of majority in their respective province of residence are eligible to receive commissions.

• Yesbit OTC reserves the right to modify, suspend, or terminate the referral program without prior notice, at its sole discretion.

• Yesbit OTC reserves the right to disqualify duplicate accounts setup by the same individual or entity from receiving commissions.

• Yesbit OTC shall have the sole discretion to accept or reject any prospective client introduced or referred to the Yesbit OTC platform (www.otc.yesbit.ca).