8/30/2023 0 Comments Binance referral systemAmong other things, you will be asked to input your desired password. It’s important to use this referral code at this point otherwise, you won’t receive the commission.Ī form page will appear on the site, and you will need to fill in the details on the form to proceed. Many newbies make the mistake of signing up on Binance immediately with the hope of using a referral code after their account has been created. Keep in mind that this is the highest kickback available, and the ID is worth 20% forever. Clicking the link will automatically bring you to Binance official website with our referral ID applied, so there’s no extra work for you. The first step is to register on Binance by heading to this link to save 20% in trading fees. If you’re interested in getting a discount on your trading account and making money through the referral program, you can get started by following the steps below. How does the Binance Referral Program work? Nonetheless, you can double your referral rewards to 40% if you have a minimum of 500 BNB tokens. And because the program offers a commission on fees whether your referrer trades on any of Binance’s Spot or Futures markets, you can be sure of receiving a payout from both when you refer people using a Binance Futures referral code and the Spot referral link. However, Binance lowered the commission rate to 20% in 2018, and it has been so ever since. It was an easy way of earning crypto since all they had to do was invite others to the site and make hundreds of BTC. It will interest you to know that the Binance Referral Program didn’t just start recently as it had been around since its inception.ĭuring that phase, Binance offered up to 50% referral commission, and it’s no surprise why many traders jumped in to take advantage of the high commission rate. You might be wondering if this referral program is legit. If you keep an average daily balance of 500 Binance Coin (BNB) or more, your base referral rate increases to 40%, and you can share up to 40% with your referrals. The default referral bonus is 20% of the trading fees that your referrers pay, and you can share this bonus by giving them 5-10% of the rewards. Every time someone registers through your link, you will receive a commission on fees whenever the new user trades on any of Binance’s Spot or Futures. The Binance Referral Program rewards both new and existing users. Through the referral scheme, you can earn commissions by inviting your friends to join the Binance community. One of the major drivers of its growth is the creation of a referral program. When you make a payment using the BNB coin, you enjoy a discount of 0.025%, which means you will be charged just 0.075% instead of 0.1%.Īlthough Binance is relatively new in the crypto world, it has quickly exploded in growth to become a top exchange platform. You can make fee payments via credit/debit cards, bank transfers and SEPA or even use the BNB coin. The exchange platform also has its coin known as Binance Coin (BNB).īinance has one of the lowest trading fees among crypto exchanges, which is just 0.1%. The platform supports trading in more than 100 coins, including the popular ones like Bitcoin, Ethereum, Litecoin, Dogecoin, Cardano, Polkadot, Ripple and more. Binance provides its services to its users by offering support for multiple languages (37 at present).įounded in 2017, Binance originally started as a crypto-to-crypto exchange but rolled out support for fiat transactions in 2018. Binance is one of the world’s largest exchange platforms for cryptocurrency, boasting over 6 million users from more than 180 countries. Read on to find out more.įor crypto enthusiasts, Binance is a popular and trusted name. This article takes a critical look at all you need to know about the Binance Referral Program and how it works. Are you interested in earning passive income while at the comfort of your home? Perhaps you have heard of the Binance Referral Program and researching to know if it is truly worth it.
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