Highlights:
- Binance is the best crypto currency exchange worldwide. Traders use Binance to buy and sell crypto and digital assets and many other advanced services.
- If you’re looking for the best Binance referral code, use “431 277 160” that comes with a $600 welcome bonus and 20% lifetime discount on trading fees.
- Use the table of contents below to navigate through the article with ease.
For anyone thinking into investing into Bitcoin or any other cryptocurrency, Binance remains to be a top choice as it has a made a name for itself as the largest crypto exchange in the world. But one of the best aspects of buying crypto assets on Binance is the advantage of saving money on trading fees.
Trading fees are the charges you pay on crypto exchange platforms when trading cryptocurrencies. And this is where a Binance referral code plays quite a big part.
Think of a Binance referral code like a coupon, only that you’ll be able to reduce your trading fees for a lifetime. Additionally, you’ll be able to unlock an extra sign up bonus.
Understanding Binance Referral Code
A Binance referral code/Binance futures referral code is a special & unique code that’s used to invite other Binance users on the platform. As a new user on Binance, when you sign up using a referral code, you’ll receive exclusive rewards.
When you sign up with the Binance Referral code “431 277 160” you’ll receive a $600 welcome bonus. Moreover, you’ll also get a 20% lifetime discount on all your trading fees.
| Exchange | Binance |
|---|---|
| Referral Code/ID | 431 277 160 |
| Welcome bonus | $600 worth of USDT |
| Trading fee discount | 20% lifetime discount |
| Extra rewards | Exclusive events |
| KYC mandatory | Yes |
Different Types of Binance Referral Code
- Standard Binance Referral Code: This is the most popular type of referral code on Binance. Usually, it offers Binance users a fixed sign up bonus (like $100 USDT) and a trading fees discount.
- Lite Binance Referral Code: Lite referral codes are often accompanied with promotional events that Binance occasionally runs. They give access to special rewards. For example, competitions to win cryptocurrency for new sign ups. Lite referral codes are only active for a limited period of time.
Advantages of using “431 277 160” as Binance Referral Code
When new sign ups on Binance create a Binance account with the Binance referral code “431 277 160” they’ll be rewarded with very exclusive rewards that will significantly improve their trading experience on Binance. Here are some of the advantages you get by using “431 277 160” as your Binance referral code.
- Trading Fees Lifetime Discount: One of the major advantages of using this referral code is to significantly reduce your trading fees. When a new user on Binance uses the Binance referral code, “431 277 160” they’ll automatically unlock a 20% lifetime discount on any trade they place on the platform. This factor ensures one gets to save way more, and especially for frequent traders. You also get an additional $20 USDT as a trading fee rebate voucher.
- Lucrative welcome bonus: Binance gives much priority to new users on Binance with the generous welcome/sign up bonuses that its rewards its new users with. When a new sign up on Binance uses the Binance referral code “431 277 160” upon registration, they are eligible to receive upto $600 sign up bonus. Typically, this reward is divided into KYC bonus, deposit bonus and a trading bonus.
- Additional Event-based bonus: Binance often runs certain promotional events giving Binance users an opportunity to be rewarded with extra bonuses and rewards in form of crypto giveaways, cashback vouchers and other exclusive rewards. Using the Binance referral code “431 277 160” will ensure you’re qualified to engage in these special events and stand a chance to earn extra rewards in addition to the other benefits.
How do you use a Binance Referral Code?
1. Register a Binance account with the Referral Code “431 277 160”
Naigate to the Binance homepage and click on the sign up option on the top right corner of the page.
A registration page will then appear. You’ll then proceed to enter your email address and enter your password. Make sure to select a strong password with uppercase, lowercase and numbers.
On the same page, you’ll identify a section that’s labeled “Referral ID (optional). Now this is the exact place you’ll input this referral code, “431 277 160” and you’ll then be able to unlock the rewards it comes with.
Upon, entering your referral code, go on to review Binance Terms of Service and Privacy Policy and then finally check the box in order to confirm agreement.
2. Verify your Identity (KYC)
Once you’ve created your Binance account successfully, you’ll need to complete the verification process. KYC is crucial towards as your Binance account to ensure security and prevent money laundering activities.
In order to begin the verification process, navigate to “account” on your Binance account, and select “identification”. Go on to click on the “Get verified” option to begin the KYC process.
When verifying your Binance account, you’ll need to provide your personal information. And hence you’ll upload any govt-issued ID such as your passport or driver’s license and a proof of address.
When you’re done with submission, Binance will proceed to review your application. This process takes around 10 minutes to one hour, usually depending on the volume of requests at a time.
3. Deposit of Funds
When your account has been successfully verified, you’re free to deposit funds to your Binance account and begin trading. When you navigate to the “wallet” you’ll identify different ways to deposit funds to your Binance account. This will include crypto and fiat currencies.
Additionally, the “buy crypto” option on the menu can be used to deposit funds to your account.
Typically, there are 3 major ways to deposit money/fiat currency to your account:
- P2P trading
- Credit/debit card
- Through third party payment providers
Go on to select your ideal payment method and your funds will be deposited to your account on the “funding wallet”
4. Begin Trading
Now that you have your Binance account funded, you’re ready to begin your trading journey on Binance. Go to the “markets” area on your Binance account and you’ll identify different trading pairs.
Identify the cryptocurrency trading pairs that you’d wish to trade. Eg. BTC/USDT, BTC/ETH. When you’re ready to place a trade, select between limit orders, market orders and advanced order types. Make sure your funds are in the spot wallet to begin trading.
Typically, you’ll need to enter the amount and input price for your trade, then go on to confirm your order.
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What if the Binance Referral Code doesn’t work?
In case, the Binance referral code isn’t working, these could be the following reasons:
- You have already created a Binance account: It is impossible to use a Binance referral code, when you already created your account. A Binance referral code is only relevant to new Binance users.
- You can’t use more than one referral code: If you had already signed up on Binance with another referral code, you can’t use a new referral code. One Binance account can only benefit from one referral code.
- Input the code correctly: Make sure to check any typos when you input the referral code, as this may cause the referral code to not work.
- Ineligibility: Some referral codes come with specific limitations & special requirements. Sometimes the Binance referral code could be set to expire at a particular time, or only working for people in a particular region.
An Intro on Binance Exchange
Binance was founded by Changpeng Zhao in 2017. As of the writing of this article, Binance is the largest cryptocurrency exchange in the world due to its huge trading volume.
It has a wide selection of cryptocurrencies that goes over 500 coins & tokens. This factor gives users a huge opportunity to trade and invest on a wide range of assets.
Here’s a list of exclusive services that Binance offers:
- Spot & Futures Trading: Spot trading is immediate trading of cryptocurrency and Futures trading includes a more advanced trading where traders buy/sell crypto at a predetermined price on a future date and comes with upto 125xleverage. There are two different types; USD-M & Coin-M futures contracts.
- Margin Trading: Margin trading at its core is a form of trading by borrowing funds from the exchange to increase your trading position. On a platform like Binance, a trader can borrow 5x their collateral.
- Staking & Binance Earn: With Binance Earn & staking, Binance users are able to earn interest on their crypto holdings. Each crypto asset comes with its own interest rate. There’s fixed and flexible staking options and one chooses according to their ideal staking option.
- P2P Trading: P2P mean peer to peer trading and this type of trading gives users the ability to trade crypto to fiat currencies amongst each other. In this case, Binance acts as the middleman to facilitate a secure trading environment by using an escrow security system. This form of trading comes in handy for a localized trading experience for users. On Binance P2P, there’s over 100+ fiat currencies and 800+ payment methods.
- Binance NFT Marketplace: The Binance NFT Marketplace allows traders to buy, sell & trade NFTs, and it operates on the BNB chain.
- Binance Visa Card: With the Binance Visa card, users get to spend their crypto assets on various outlets that are available all around the world.
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How safe is Binance?
Binance is a legit cryptocurrency exchange plaform that abides by crypto regulations and upholds security in its operations. Binance is well equipped with measure to safeguard user’s assets by holding crypto assets in its cold storage wallets to facilitate for maximum security.
Moreover, Binance owns a Secure Asset Funds for Users that acts as insurance to ensure users are reimbursed in any cases of a security breach. Binance also holds a number of licenses to abide by crypto regulations in different countries.
Conclusion
As you begin your cryprocurrency journey on Binance, use the referral code “431 277 160” to make sure you unlock the 20% lifetime discount on trading fees and a $600 welcome bonus while at it.
Binance is not only a trading platform, it’s filled with other investing opportunities that could potentially grow your funds with minimal effort. Create your Binance account today.
Binance Referral Code FAQs
1. How do I get free $100 on Binance?
You can get a $600 welcome bonus on Binance when signing up, when you use “431 277 160” as your Binance referral code.
2. How to get Binance Referral Code?
The way to get Binance Referral Code is to use “431 277 160” as your Binance referral code when registering on Binance that rewards users with $600 sign up bonus and a 20% lifetime discount on trading fees.
3. What is the Binance code for free?
To get your Binance referral code for free use “431 277 160” as your referral code and you’ll be able to unlock a $600 sign up bonus and a 20% lifetime discount on trading fees.
4. What is the Referral benefit of Binance?
When you use a referral code on Binance, you get a lifetime discount on your trading fees plus a sign up bonus. As a new user on Binance, you can use “431 277 160” and you’ll be rewarded with an exclusive $600 welcome bonus and a 20% lifetime discount on all trading fees.
5. What is the Binance Futures Referral Code?
The Binance futures referral code is “431 277 160”. This Binance futures referral code will reward you a $600 sign up bonus and a 20% discount on trading fees for lifetime.
6. How safe is it to use a Binance Referral code?
It is 100% safe to use a Binance referral code as referral codes are generated by Binance exchange to reward its new users/traders.
7. How do I get 20% discount on trading fees on Binance?
In order to be rewarded with a 20% discount on trading fees, use the Binance referral code, “431 277 160” that not only rewards you with the 20% lifetime discount on trading fees but also rewards you upto $600 in welcome bonuses.