A Binance referral code is an alphanumeric identifier that new users enter during account registration to unlock welcome bonuses and trading fee discounts. When you sign up with a valid referral code, both you and the person who shared it can receive rewards.
The code connects new accounts to existing users within Binance’s referral program, enabling commission sharing on trading fees.
Binance referral codes typically offer benefits such as trading fee discounts, welcome bonuses in cryptocurrency, and futures trading vouchers for eligible users.
How Binance referral codes work
When creating a new Binance account, users encounter a field requesting an optional referral code during the registration process. Entering a code at this stage activates the associated benefits immediately upon account verification.
The referral system operates on a commission-sharing model. New users who register with a code receive discounts on their trading fees, while the referrer earns a percentage of the fees generated by the new user’s trading activity. This creates a mutually beneficial arrangement for both parties.
For example, using referral code BONUS369 grants new users up to $600 in welcome bonuses and a 20% lifetime discount on all trading fees. This means every trade you execute on Binance will automatically cost 20% less in fees compared to signing up without a code.
The discount applies perpetually to your account. Whether you’re trading spot markets, futures contracts, or using Binance’s other services, the fee reduction remains active for the lifetime of your account. This can result in significant savings for active traders who execute multiple transactions.
Eligibility requirements
Binance referral codes are exclusively available to new users who have never registered an account on the platform.
Existing users cannot retroactively apply a referral code to their accounts, making it essential to enter the code during initial registration.
Users must complete Binance’s identity verification process to unlock the full benefits associated with most referral codes. While basic registration may activate some features, completing KYC (Know Your Customer) verification ensures access to higher withdrawal limits and all bonus rewards.
Geographic restrictions may apply depending on your location. Binance operates under different regulatory frameworks across countries, which can affect available bonuses and features.
Users should verify that Binance services are accessible in their jurisdiction before registering.
The referral code must be entered correctly during signup. Unlike promotional codes that can be applied later, referral codes cannot be added after account creation is complete.
Double-checking the code before submitting your registration prevents missing out on available benefits.
Rewards and limitations
Welcome bonuses associated with referral codes often include cryptocurrency vouchers, futures trading bonuses, and cashback rewards.
The specific bonus structure varies based on the code used and current promotional campaigns Binance is running.
The 20% trading fee discount provided by codes like BONUS369 applies to both maker and taker fees across spot trading pairs.
For futures trading, discounts may vary depending on the specific terms of the referral program at the time of registration.
Bonus rewards typically come with activation requirements. Users may need to complete certain trading volumes, deposit minimum amounts, or verify their identity within specified timeframes to claim full bonuses.
These conditions prevent abuse and ensure genuine platform engagement.
Trading fee discounts stack with Binance’s VIP tier system and BNB fee reductions. Users can combine their referral discount with holding BNB tokens in their account and achieving higher trading volumes to maximize fee savings across all transactions.
FAQs on Binance Referral Codes
- Can I use multiple referral codes? No, only one referral code can be applied per account during registration. The code entered at signup determines your permanent fee structure and referral relationship.
- What happens if I forget to enter a referral code? Unfortunately, referral codes cannot be added after account creation. You would need to create a new account with the code entered during registration to receive the benefits.
- Do referral bonuses expire? Trading fee discounts like the 20% reduction are permanent, but welcome bonuses may have expiration dates or activation requirements. Check the specific terms associated with your referral code.
- Is the 20% fee discount really for life? Yes, when using codes like BONUS369, the 20% trading fee discount remains active on your account indefinitely, applying to all eligible trading activities throughout your account’s lifetime.
- How do I claim the $600 welcome bonus? The $600 welcome bonus is typically distributed across multiple reward tiers. After registering with a qualifying referral code like BONUS369, you’ll need to complete identity verification and meet specific trading volume or deposit requirements within a set timeframe. The bonus is usually released in stages as you reach different milestones, such as your first deposit, first trade, or cumulative trading volume thresholds.
- Are there minimum trading requirements? While the fee discount applies automatically, unlocking certain welcome bonuses may require minimum trading volumes or deposits. These requirements vary by promotion and are disclosed during the bonus activation process.
Using a Binance referral code during registration is a straightforward way to reduce trading costs and access welcome incentives, making it beneficial for anyone planning to trade cryptocurrency on the platform.
Disclaimer:
- The information provided in this post is for informational and educational purposes only and should not be construed as professional financial advice. Always do your own research or consult with a licensed financial advisor before making any investment decisions.
- Cryptocurrency investments are highly volatile and involve significant risk, including the potential loss of all invested capital. Past performance is not indicative of future results. This post does not endorse or promote any specific cryptocurrency, token, or investment strategy.
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