Binance Referral ID Code

Binance is an online exchange where you can trade cryptocurrencies. The company, which was founded in 2017, has grown to be the largest exchange in the world in terms of the trading volume of cryptocurrencies. It provides a platform for traders to trade and invest in cryptocurrencies and provides crypto wallets to store their electronic funds. Binance users can also earn interest and make transactions using cryptocurrencies.

What is Binance Referral ID Kickback Bonus Program and How it Works?

Binance referral ID kickback bonus is a bonus that is gotten from referrals. When someone opens an account through your referral ID/code on Binance, you will start getting a certain percentage bonus from the trading fees of the referred (the person that opens an account with your referral code).

Binance referral code is a code through which new Binance users (referred) can create an account. The person who refers will receive a commission on trading fees anytime the referred trades on Binance Spots or Futures markets. You can invite anyone to Binance through a Spot or Futures referral link and receive a commission from both. The main difference between the Spot and Futures referral link is that the Future referral link is limited to only one year bonus, starting from when the referred opens his Future account.

Binance launched the referral program with a commission of 50%. However, the company reduced it to 20%. In 2018, the company started a promotion where the referrer earns a 40% bonus if he holds 500 BNB or more; the promotion is still on today.

You can only use the referral code or ID at the point of opening the new account; any effort to use it afterward will be futile. Also, note that using the wrong code means that you will not get any bonus for that account.

How to Get Binance Referral ID Code?

You can click here to become a member with a referral code. You will then be greeted with the following screen. On this screen, the Reference ID field will be filled with the discount code we shared.

When you complete your membership, you will now earn a 10% discount on every transaction you make. There is no limit or time limit for this discount. It applies to every transaction without exception.

Binance exchange is currently one of the best exchanges in the world in terms of commission rates. Despite this, it lowers the commission rates even more with the commission discounts it offers. At the same time, the Binance exchange has separate commission discounts for users who hold BNB (Binance Coin). In other words, if you have BNB and at the same time become a member using a referral code, you can get very high commission rates.

Since each user has their own reference code, users can share this reference code in any environment and with anyone they want. You can also obtain a reference code through these shared environments. This also means a win & win situation. Because users who share the reference code here, as well as users who become members with that reference code, earn a commission discount. Before you become a member of the Binance exchange, you can get a referral code and use commission discounts to save and profit from your transactions.

Binance Referral Program Commission Structure and Rules

Certain rules guide the referral program, and understanding the rules will make it easy for you to enjoy the program and have fewer surprises. The rules are slightly different for the spot and the Futures trading fees, and you need to take note of the slight differences.

Spot (Margin) and Futures

The referrer will get a commission on trading fees of the referred (the new user) on any Binance Spot or Futures markets. The Binance referral program also allows you to discount the referred on trading fees when they sign up using your referral link.

If you invite someone through a Spot referral link, you will start to receive a commission on the trading fees of the person you referred. This applies to any trade the person makes on Binance Spot, Margin, or Futures markets.

Kindly note that you need to first open a Futures account to earn from both Spot and Futures. If not, you will only earn commission from their spot trading fees.

For the Spot referral link:

If your daily average BNB account balance is less than 500 BNB with a base referral of 20%, you can share 0%, 5%, or 10% with anyone you invite. The amount shared will be deducted from your referral bonus. That is, if you share 5%, you will receive 15%, while the referred will receive 5%

If your daily average BNB account balance is 500 BNB or more, your referral rate will increase by 40%. You can share 0%, 5%, 10%, 15% or 20% with the referred.

For the Futures referral link:

If your average daily BNB is less than 500BNB, you will only have a base referral rate of 20%, of which you will share 10% with the referred, and you will have the remaining 10%.

If your daily average BNB account balance is 500 BNB or more, your referral base rate will be 30%, and you will share 10% of it with the referred.

The referral bonus will only last for 12 months, counting from the day of Futures account activation.

The 10% kickback rate shared by you will only last for 30 days from the day of the Futures account activation.

How to Sign-Up Binance and Get Your Referral Code (Step by Step)

  • Go to binance.com and click on ‘register’
  • On the registration page, you will be required to:
  1. Enter your email address/ phone number
  2. Create a password for your account (Your password has to contain at least 8 characters, a combination of numbers and letters with upper and lower case).
  3. Enter the referral ID (if you have any). Make sure you fill in the correct Referral ID.
  4. Read and agree to the Terms of service before clicking on ‘create account.’
binance create account
  • You will have to complete security verification by completing a short puzzle.
  • The next thing to do is your email verification. It should be handled with the highest security protocol and applied before it expires. The verification code will only last for 30 minutes, after which you will have to request another code. If in the process of verifying, you stay off the page for too long, you may also be required to begin the verification process again.
binance confirm registiration
binance email verification
  • Your registration is complete, and you have access to the Binance platform and community. At this point, you can start to familiarise yourself with how the application or website works.
  • You will be required to do some security verification to enhance your account security; you can do it immediately or later. To do this, go to your dashboard and click on ‘security’, then you will see a long list of two-factor authentication channels you can enable.
binance security
  • To get your referral link, you go to the user center and click on ‘referral’.
  • You will see that you can earn up to 20% while your friend earns 0%. You can also choose to share some percentage with the friend you refer. You can copy the referral ID and referral link or change the setting as you wish.
binance default referral
  • The highest commission you will earn at that point is 20%. To earn more commission you can join the binance affiliate program, where you can get up to 40%.

Advantages of Using Binance Refferal ID Code

A user who shares the Binance referral code earns a commission discount at a certain rate from all the transactions made by the users who are members of that code. A similar situation applies to users who trade with referral codes. Of course, this is the most important advantage of signing up with the Binance referral code and using the referral code.

Other advantages of using a Binance referral code can be listed as follows:

  • Users who signed up using the Binance referral code pay much more commission fees than standard users who signed up without using the referral code,
  • A user who shares the Binance referral code with new members receives a very small share in all transactions made by the user who becomes a member with this code,
  • As a result of the use of the referral code, the trading volume and popularity of the Binance exchange are increasing.
  • If you want to have these advantages, you can choose to get a referral code before you become a member of the Binance exchange.

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