The huge marketing potential of Facebook makes it a really attractive platform to run ads for crypto projects. However, it is a very challenging environment due to the policies of the platform itself.
Facebook tries to protect its users from scams and companies using misleading advertising practices, so it enforces rather strict and specific policies when it comes to publishing cryptocurrency-related content and, especially crypto ads.
Immense reach
The main selling point of Facebook for crypto ads is, naturally, its huge user base. There are about 3 billion active Facebook users – you won’t find a social media platform with a wider audience. Moreover, Facebook also offers advanced targeting capabilities, so it is very much possible to run crypto ads precisely for your target audience.
In other words, Facebook is a perfect platform to reach as wide an audience as possible in the most efficient manner. It also helps build a strong presence for your business and get in touch with your users. Moreover, Facebook’s strict policies can even be a boon – if your crypto product is approved by the platform, the audience knows that it is legit.
Facebook regulatory landscape for crypto ads
If you want to run ads for your crypto project on Facebook, it is a good idea to read through the platform’s guidelines for cryptocurrency ads. However, we must warn you in advance – these guidelines are quite vague. The vagueness of the guidelines is intentional – this way, Facebook has total control over every specific case.
All projects whose operations involve cryptocurrency assets, including cryptocurrency exchanges, lending platforms, mining software, and even wallets, have to receive written approval from Facebook. Naturally, the process is easier for some projects than others. Moreover, ads for initial coin offerings, binary options, and CFDs are outright banned.
However, “challenging” doesn’t mean “impossible,” and it is very much worth it to run crypto ads on Facebook.