How to Advertise Cryptocurrency on Facebook

how to advertise cryptocurrency on facebook

When you want to advertise cryptocurrency on Facebook, you have to keep in mind the restrictions that Facebook and other platforms place on your advertisements. This includes not only ensuring that the ads are in line with Facebook’s policies, but that they are also effective.

TikTok banned crypto ads before 2021

TikTok is a popular social media platform that has a global reach of over 1.1 billion people. The platform hosts a wide range of content, including videos and live streams. Although the platform has been a popular destination for cryptocurrencies, it has also been a hotbed for frauds. Thankfully, the platform has changed its policies.

Before 2021, the platform banned a number of ads that promoted crypto. These included “get rich quick” schemes, debt consolidation services, investment services, and trading platforms. However, Facebook has since reversed these bans. It is now allowing ads to promote crypto wallets.

However, this change hasn’t removed the risk of crypto scams. The platform has also imposed strict guidelines on the type of content creators can post on the platform. As a result, creators are urged to avoid promoting cryptocurrencies.

TikTok is a social media platform that has seen a huge rise in popularity among the Gen Z generation. Many members of this age group are fans of the platform because of its ability to allow creativity. They want to explore their interests and find out more about different topics.

This sparked concerns from regulators. For example, the United Kingdom Financial Conduct Authority issued a warning to TikTok regarding a trend. In response, TikTok opted to update its branded content policy.

Facebook relaxed its ban on crypto-related ads

Facebook recently relaxed its ban on cryptocurrency-related ads. It first announced its ad policy in January 2018. While this is a positive change, it is still a long way from allowing crypto advertisements on the social network.

Facebook is the world’s largest social media platform with over 2.3 billion active users. In December, Facebook announced a crypto payment system that would allow people to pay with tokens. This would be a competitive alternative to fiat currencies and payment networks. The company is also considering creating its own digital asset.

The crypto community has argued that Facebook’s efforts are misguided. In the past, the company has banned ads that promote cryptocurrencies and binary options. However, it has relaxed its rules to encourage more businesses to promote their work on the platform.

One of the most notable changes to Facebook’s ad policy is the pre-approval process. Before an advertiser can promote an ad, they must fill out a form with details about their business, such as licensing and other background information.

The pre-approval process for ads promoting blockchain technology has been simplified. Instead of having to explain what the ad is all about, advertisers can simply attach a license. For example, if you want to run an ad about a new crypto, you can simply attach a license from an encryption company.