Binance is one of the most well-known and trusted cryptocurrency exchanges in the world. If you’re thinking of signing up to Binance, then you’ll want to know how to get the most out of your new account. The best place to start is with a Binance referral code.
Today, we’re going to take a dive deep into the world of Binance. We’ll help you understand how to use a referral code for an instant trading fee discount and give you some extra tips for even better savings. Stick around until the end to learn more about the Binance platform and its history.
Use Our Binance Referral Code For Big Savings
By signing up for Binance with our exclusive referral code, you’ll get access to fantastic savings for the lifetime of your account. Whether you’re an experienced trader looking for a new platform or a newcomer to the world of crypto, you can benefit from the reduced trading fees that we can provide.
Getting started with your Binance account is a straightforward process. Once you’re signed up, and your referral code has been applied, you won’t have to worry about reapplying your discount ever again. For extra savings, you might consider generating your own Binance referral code to give to friends. You can find out more about this process in the “How To Get Your Own Binance Referral Code” section below.
What Will A Binance Referral Code Get You?
20% Trading Fee discount
Right off the bat, using a Binance referral code will get you a 20% discount on trading fees. If you’re making large volume trades, then the savings received from this discount can quickly add up. The 20% rebate will be automatically applied whenever you’re trading cryptocurrencies on the platform.
At 0.1%, Binance’s trading fees are already some of the most competitive on the market. The fact that you can knock these expenses down even further makes the platform an extremely attractive proposition for crypto traders.
An additional 25% discount for BNB trades
But the savings don’t end there. If you pay for your crypto using the platform’s own Binance Coin (BNB), then you’ll receive a further 25% fee discount in return. When these discounts are combined, your trading fees will be 45% lower than usual.
Once you’ve purchased BNB to be used for trading, be sure to head into your account and enable “Use BNB to pay for trading fees”. Missing this step out will mean that you won’t get the additional 25% discount.
Binance’s Volume-based discount
Binance users can benefit from further reduced fees depending on the volume that they trade. By trading a large amount of BTC over a given time, you won’t have to pay as much in fees.
Specifically, if you trade more than 50 BTC over a 30 day period, then you become a “VIP 1”. If you trade more than 500 BTC, then you come a “VIP 2” and so on. The higher your VIP status, the greater your maker-taker fee discount will be.
How To Use A Binance Referral Code
Signing up for the platform using a Binance referral link could not be more straightforward. Simply head over to the website and click “Create A Free Account.” You’ll be asked for the email and password you’d like to use for your account, as well as any referral ID that you have.
After inputting this information, your 20% trading fee discount will be immediately applied, and you can start exploring everything that Binance has to offer. Once you’re acquainted with the platform, you might consider purchasing some BNB so that you can benefit from the additional 25% trading fee savings.
How To Get Your Own Referral Code
As well as using a Binance referral code when signing up for the platform, you can also generate your own referral link to give out to friends. Getting your own Binance referral link means that you are eligible for the Binance ID Kickback program – you’ll get a cut whenever your referrals make trades.
Being on the Kickback program is a great way to make your crypto trading even more efficient and affordable. It’s also completely free to take part, so why wouldn’t you do it?
Step 1: Sign up for Binance
Head over to the Binance website and create an account. Be sure to use our Binance referral code at this stage to secure your own reduced fees. Once you’ve inputted your desired email and password and set up your account, you’ll be transferred straight to the Binance homepage.
Step 2: Navigate to the referral menu
In the top right of the homepage, you should see an account icon. Click on the icon and select “Referral” from the drop-down menu. This will take you over to the Binance Referral Dashboard, which is used to monitor and manage your referrals.
Step 3: Generate a Binance referral code
Click the “Generate your link” button to receive your unique referral code. At this point, you’ll see a number of percentage options. These percentages represent the level of discount that you and the person who uses your code will receive.
For example, if your base commission rate is 40%, then you can choose to give a 0%, 5%, 10%, 15%, or 20% bonus to your friend. The more you give to your friend, the less you’ll receive when they make a trade.
Step 4: Share your link with friends!
Your link is ready to share! You can share your Binance referral code with multiple users, and they’ll all receive the same percentage cut that you selected. If you want to offer different rates to different people, then you’ll need to make separate codes for each.
We’d recommend making use of the “Notes” section when generating your codes. This will allow you to name your referral links so that you can always find the one that you’re looking for.
How Does The Binance ID Kickback Program Work?
To join the Binance ID Kickback Program, all you have to do is follow the referral code generation method above. Whenever anyone signs up using your Binance referral code, they will get a discount on their trading fees for the lifetime of their account. Of course, you’ll get a kickback every time they make a trade.
Every Binance member is eligible for the Kickback Program. By default, everyone has a 20% commission rate to split with their friends. However, depending on your account balance, you may have a larger commission rate available to split.
For example, if you hold 500 BNB in your account, then you’ll be eligible for a 40% commission. On the standard referral program, you can get your commission up to a maximum of 45% if you use BNB during your trades. You can take this even higher if you qualify for the Affiliate Program, which we’ll discuss further below.
What’s The Difference Between The Binance Referral Program And The Affiliate Program?
The Binance Referral Program is the standard scheme that everyone is eligible for. To join this program, all you have to do is generate your own Binance referral code following the method above and share it with your friends.
Being on the Referral Program gives you access to reduced fees and kickback when your friends make a trade. Although these savings are certainly impressive, applying for the Binance Affiliate Program will grant you even better benefits. You can expect commissions of up to 50%,
The Affiliate Program was designed with influencers and content creators in mind – Binance wanted to use industry celebrities to drive more users to their platforms. To be eligible for the program, you must meet one of the following criteria:
- Individual – You have a social media account with at least 5000 followers or subscribers. This can be within any social media platform – YouTube, Facebook, Twitter etc.
- Crypto Groups – You should be a leader in a crypto community with at least 500 members. These communities are often based on platforms such as Facebook, Telegram, WeChat, or Reddit.
- Organization/Business – Your organization has a user base of at least 2000 or is a market analysis platform with at least 5000 daily visits. Media platforms, crypto funds, and trading platforms also qualify under this section.
How To Join The Binance Affiliate Program
To join the Binance Affiliate Program, all you need to do is fill in the application form found here. Once you’ve submitted the form, the Binance team will verify that you meet the program requirements before activating your affiliate account.
You can then create an affiliate link to share with your audience. You’ll also have access to the Affiliate Dashboard, which is used to manage and track how your referral links are performing. When someone uses your link to sign up for a Binance account, you’ll receive up to a 50% commission on every trade they make.
Now, let’s delve a little deeper into the commission structure of the Affiliate Program and compare it to the structure of the Referral Program.
Binance Referral Program Commission Structure
The commission structure for the Binance Referral Program is based around the average BNB balance in your crypto wallet. Put simply, the more BNB you buy and store in your Binance account, the greater your commission percentage.
There are two commission rates available to users on the Binance referral scheme. If your BNB balance (daily average) is below 500 BNB, then your base commission will be 20%. You can then choose to share either 0%, 5%, or 10% of the commission with the people you refer to Binance.
If your BNB balance (daily average) is above 500 BNB, then you’ll be eligible for the higher commission rate of 40%. You can give 0%, 5%, 10%, 15% or 20% of the commission to your friends. If you have the funds to do so, then keeping your BNB balance above 500 is very beneficial. Using BNB on the Binance platform also gives you a 25% reduction in transaction fees.
Binance Affiliate Program Commission Structure
The main difference in the commission structure of the Affiliate Program is that the minimum BNB holding requirements are completely waived. Instead, the rate of commission depends on the number of users that sign up using your affiliate code.
By default, users on the Affiliate Program receive a 40% commission on any trades that their community makes. This is already equal to the maximum commission available on the referral scheme. If more than 50 people sign up using your referral link, then your commission rate will be bumped up to 50%.
If you’re a leader of a media organization, then you’ll be granted an instant 50% commission rate, regardless of the number of users that sign up using your referral link.
Binance Rules & Regulations
Whether you’re on the referral scheme or the Affiliate Program, there are a few regulations that you should be aware of. Failing to meet these rules can result in losing eligibility for some of your benefits.
To stay in the top referral commission band (40%), then you must maintain a BNB average of 500 over a rolling 30 period. Your BNB balance can fluctuate above and below 500 as long as the daily average stays above that threshold across the 30 days. As soon as you dip below an average of 500 BNB, you’ll be moved down to the lower commission rate.
It’s important to understand that if your commission rate falls to 20%, then it’s you, not the person you referred, who pays the price. For example, if you were splitting your 40% commission with someone at 20%:20% but your commission rate falls to 20%, then the split will become 0%:20% in favor of your friend.
Binance does also not allow self-referral via multiple accounts. If the Binance platform detects that you’re doing this, then all your referrals will be canceled. This will cancel the commission kickbacks for your invitees too. Binance also has the right to adjust commission rates at any time.
To qualify for the maximum commission (50%), your affiliate referral link must have brought in at least 50 new users. In addition, at least 10% of the people that sign up using your referral ID code must have made at least one trade on their account. Alternatively, if your referred community reaches a quarterly trade volume of 50 BTC, then you don’t need to meet those two requirements.
A Binance affiliate is also expected to share Binance content with their community or platform. If an affiliate is deemed to not be sufficiently supporting Binance’s interests, then Binance may remove their affiliate status.
It’s worth noting that members of the media, such as bloggers and influencers, may be able to skip any of the above requirements. If you don’t meet the referral or trade volume conditions but have a large following or influence, then it might be worth getting in touch with Binance directly.
More About Binance
Binance was founded back in 2017 by CEO Changpeng Zhao. As crypto took off during the same year, Binance was in a great position to benefit from surging interest. By 2018, Binance had the highest trading volume of any crypto exchange in the world.
Binance’s popularity has only continued to grow over recent years. The platform has maintained its status as a trader-friendly exchange thanks to its support for a large number of crypto coins and order types. It also offers impressive security protocols and has proven to be a trustworthy place to do business.
In this section, we’re going to take a closer look at what makes Binance tick so that you know exactly what you’re signing up for when the time comes.
We already know that users can access fantastic discounts on fees by signing up with a Binance referral code and using BNB during trades. They can also unlock even bigger “VIP” discounts when they trade in high volumes. But what do Binance’s base trading fees actually look like?
Well, by default Binance’s fees are very competitive in the industry. For regular, low-volume trades, the platform charges a 0.1%/0.1% Maker/Trader fee. If you’ve been around crypto exchanges for a while, then you’ll know that these fees are more than reasonable.
You have to remember that every user can get a 20% trading discount completely free when they use a Binance referral code to sign up. This means that there’s really no reason why anyone should be paying the full 0.1% trading fee.
When you stack up your trading fee savings, Binance fees are easily some of the lowest, if not the lowest, on the market.
Binance is famous for offering a variety of different order types. Here are the seven order types that the exchange currently supports:
- Limit Order: Lets you automatically buy or sell crypto at a specific price. A buying limit order is completed when the price is equal to or below your limit. A selling limit order is completed when the price rises beyond your limit. Limit orders are a great way to trade if you don’t want to be staring at the markets all day.
- Market Order: A market order is a trade that is completed immediately at the best possible price. Used for trading in real-time.
- Stop-Limit Order: Stop-limit orders are risk-reducing trades that aim to minimize your losses. After setting a stop price, your order will be fulfilled when the stop price is reached or when the price is better than the limit order you pre-set.
- Stop Market order: Works in the same way as a stop-limit order, but when the stop price is reached, a market order is triggered instead of a limit order.
- Trailing Stop Order: This lets a trade set up an order at a certain percentage away from the market price. A trailing stop order maximizes profit by keeping the trade open as long as the market price is favorable to the trader. As soon as the price starts to move back the other way, the stop order is completed immediately.
- Post-Only Order: Post-only orders are placed in the order book immediately but are not completed straight away.
- Limit TP/SL Order (Strategy Order): You can set a Take Profit (TP)/Stop Loss (SL) before opening an order. Your order will be fulfilled if the current market price matches results in your TP or SL value.
Which coins can you trade?
Binance gives users access to a vast array of cryptocurrencies. Whether you’re a Bitcoin fanatic or an Altcoin lover, you can be sure to find something to trade on Binance. In fact, the platform supports over 150 crypto coins, as well as contracts and base pairs.
Binance even features its own blockchain and DeFi ecosystem. Once you’ve got a Binance account, you can pick up some BNB and use it for trading on the Binance blockchain. Buying BNB has the added benefit of decreasing your trading fees.
Binance isn’t just about coins, though. You can also trade futures on the platform’s impressive Futures Exchange. This is a super accessible entry point into the world of crypto futures and is definitely worth exploring.
In 2019, Binance was subject to a fairly large security breach. During the attack, around $40 million was stolen from the platform. Following the breach, Binance stayed committed to its user base and reimbursed every client’s lost funds. The way Binance dealt with the situation boosted their reputation massively.
Binance was able to refund users thanks to the existence of their massive insurance fund, known as the “Secure Asset Fund”. All financial platforms are relentlessly targeted by hackers, and sometimes a breach cannot be stopped. The fact that Binance already had funds in place to handle the breach demonstrated that they took user protection seriously.
All of this isn’t to say that Binance doesn’t invest in top-of-the-range security protocols, though. In fact, Binance is one of the most well-secured platforms in the world. Users are also offered a range of measures to protect their accounts and information, such as two-factor authentication.
You can find out more about what Binance is doing to keep its users safe here.
You can use a wide variety of payment methods to trade on Binance. Debit and credit cards, bank transfers, and cash are all accepted. Of course, you can also use crypto for trading. If you’re using Binance P2P to buy and sell cryptocurrency, then there are even more payment methods to make use of.
Binance Global is accessible from practically anywhere in the world. However, some markets, such as the US, have their own Binance-branded local exchanges. If you’re struggling to access the Binance Global exchange, then be sure to check whether there is a local platform for your country.
It’s also worth noting that some of Binance’s features are not supported in certain regions. For example, the “Pay With Bank Card” function isn’t available in every country.
Binance trading academy
One of the exchange’s best features is the Binance Academy. Here, users can learn all about the blockchain and cryptocurrencies and become more accustomed with the crypto space. So whether you’re looking to improve as a trader or work towards a career in the industry, the Binance Academy is an excellent place to start.
The academy has courses and articles on everything from NFT basics to more complex theories like Ichimoku Clouds. There are currently over 280 articles published on the website, which are available in 21 languages.
Binance is a vast platform with a big reputation. Thankfully, Binance more than lives up to the hype and delivers one of the best crypto trading experiences around. If you’re looking for a crypto exchange that you can rely on, then you don’t need to look any further than Binance.
Don’t forget to use our Binance referral code to save 20% on your Binance trading fees for life. Also, be sure to check out the tips above to slash your fees even more and to start earning commission on your friends’ trading.
Is Binance a good trading platform?
Binance is one of the leading crypto trading platforms around, and for good reason. Not only can you trade a large selection of crypto coins on the Binance market, but the UI is very easy to understand and use. So even if you’re a newcomer to the crypto world, you shouldn’t have any problems getting to grips with Binance.
In addition, Binance is recognized as an extremely safe and secure platform. Although Binance has had security breaches in the past, user wallets have always been kept safe thanks to the platform’s huge insurance fund. The Binance team is constantly working to improve the security of their trading network and make any future breaches as unlikely as possible.
Overall, Binance is an excellent trading platform and is definitely one that you should be considering using. The platform is one of the highest volume and most liquid trading networks on the planet and is guaranteed to be a major player for a long time into the future.
Should I sign up for the Binance referral program or the affiliate scheme?
Every Binance user is eligible for the Binance Referral Program by default, and we highly recommend generating your own Binance referral ID as soon as you can. You get some great benefits from the scheme, and there really is no reason not to get on board. With that said, if you qualify for the Affiliate Program, then you could access even more impressive bonuses.
The Binance Affiliate Program will give you the highest commission percentage and will remove any minimum BNB requirements from your wallet. This means you don’t need to have a large amount of BNB in your Binance account in order to access benefits. Instead, your commission rate will increase as you refer more users to the platform.
Not everyone is eligible for the Affiliate Program, though. To qualify, you must be an individual, community leader, or business with a good amount of influence in the industry. For more information about these requirements, be sure to check out the article above.
In short, if you’re eligible for the Affiliate Program, then definitely apply for it. If you’re not, then the standard referral scheme is still a great option.
Where can I find the best Binance referral code ID?
You can use our Binance referral code to sign up for a trading account and receive instant benefits. Using a Binance referral ID grants you a 20% lifetime fee discount right off the bat. You can save a further 25% on fees if you use Binance’s own BNB coin to trade with.
You can save even more via the volume-based discounts included with Binance. Put simply, the more crypto you trade in a month, the more you’ll save on transaction fees.
How many people can use my Binance referral code?
The more the merrier! There’s no limit to the number of people that can use your referral code. In fact, your rewards and savings are likely to increase as more friends make use of your code. This is especially true if you’re on the Affiliate Program – once 500+ people sign up with your code, your commission rate will immediately jump up to 50%.
Are Binance trading fees the lowest on the market?
By default, Binance trading fees are extremely competitive in the crypto exchange industry. However, once you stack up your trading fee savings, Binance fees become one of the lowest in the game. The best place to start is to sign up with a Binance referral code – this will instantly grant you a 20% fee discount.
After you’ve done this, we’d recommend picking up some of Binance’s own cryptocurrency, BNB. When you use BNB to trade on Binance, you get a further 25% slashed off your fees. This results in a massive 45% discount on Binance’s already reasonable fee structure.