Last Updated on 20.02.2023 by Administrator
If you are looking for the best Binance Referral code, then this post is definitely for you. We will explain how the Binance referral program works for the referral, what the benefits of the Binance referral program are, and whether Binance exchange has a welcome referral bonus. You will get the most sufficient and recent information on Binance Referral ID and how to claim an exclusive Binance sign-up bonus. If you want to learn how to use Binance referral program and all its benefits, keep reading the article.
What is Binance Referral ID?
The Binance exchange Referral ID is a unique referral code. Every user has the possibility to invite friends to the exchange through a Binance referral link or a special referral code. It gives an option for a referrer to earn crypto from the trading fees of a referred user.
Applying a referral ID code while registering would be of double benefit. A new user receives a trading fee discount on the exchange, and the referrer receives bonuses from the exchange in the form of a referral commission (at the expense of the exchange).
To get a trading fee discount, you, as a new user, have only one condition to fulfill – enter Referral ID while registering on the Binance exchange. All the active codes that have the highest possible discounts are listed below.
Use the following referral link to get to the official international Binance exchange website. In this case, you won’t have to enter the Referral ID code when creating an account. The Binance referral code TGXY6FWL will be applied automatically.
Binance Referral Code for a 20% trading fee discount
To get a 20% trading fee discount on Binance and claim up to a 50 USD welcome bonus, enter TGXY6FWL as a Referral ID.
To experience all the benefits of the Binance referral program, you have to complete the following steps:
- To get to the official website of the Binance exchange, follow the link: https://www.binance.com.
- If you need to change the language, the necessary icon will be in the top right corner. Click the Register button.
- You have several options on how to register. Use your Google ID, or Apple ID, and use a phone or email.
- Next, confirm your country of residence and proceed to the main page for registration.
- Enter the account details: Email, a strong password and the Binance Referral ID TGXY6FWL
- Finish the Binance sign up the process by confirming your email address.
In addition to a 20% discount on trading fees, you have the opportunity to receive a welcome bonus of up to $50 with this Binance referral code.
To get the Binance referral bonus, you need to follow the instructions:
- Create a new account via our referral link or by using our Binance ReferralID: TGXY6FWL
- When you complete the registration process, open the Task Center in the menu of your account. You will have 7 days to complete simple tasks, such as going through the KYC verification process, making a deposit to your account, trading crypto, reaching a certain trading volume, etc. In return, you will get cashback vouchers of different values. You can check them by clicking the Account icon and going to Reward Center in the drop-down menu. After completing all the tasks, you can get vouchers for a total amount of up to 50 USD.
A bonus tip: You can get an additional 25% trading fee discount on the Binance exchange if you use BNB to pay for transactions and trading fees.
Binance Futures Referral Code
To get 10% on Futures trading fees, use Binance Futures Referral Code: lucky10bonus
This referral code gives you the highest discount that you can get on Futures trading. Enjoy a 10% discount on Futures trading fees for 30 days from the moment of the account registration.
To get to Futures trading, go to the official Binance exchange website, choose Derivates and then go to the Binance Futures Overview in the drop-down menu. Start the signing-up process by clicking Register Now. Do not forget to enter our Futures Referral ID: lucky10bonus.
Note that if you already have an account on Binance and you used a referral code while registering, then you get a 10% discount on Futures Trading automatically.
I have already created an account but without a Referral ID. What should I do?
If you already have a Binance registered account, or you have registered using the invalid referral code or even without using one, then the only solution is to create a new account using the referral code from this post.
Here is some advice for you. If you cannot enter a new referral code as there has already been applied to some other code, you can solve this problem by clearing cookies in your browser or trying to use another browser for the purpose.
How does the Binance referral program work, and what are the benefits of the referral links?
The conditions of the Binance referral program are as simple and clear as possible for all users of the exchange. The base level of the commission and discount rate of the inviter depends on the balance of the BNB coin. Then, there is to decide the rate that invited friends will get:
Inviter’s Daily BNB Balance lower than 500 BNB
- Spot Market: your base referral rate is 20%. You can set the rate received by the invited account (you can share 0%, 5%, or 10% from your 20%).
- Futures Market: base referral rate is 20% from the commission of the exchange. Inviter gets 10% and the invited friend gets 10%.
Inviter’s Daily BNB Balance higher than 500 BNB
- Spot Market: 40% of the commission of the exchange is the base referral rate. The range of the possible rates is wider. The invited account can receive 0%, 5%, 10%, 15%, or 20% from the inviter`s base referral rate.
- Futures Market: base referral rate is 30% of the commission of the exchange. Inviter gets 20%, and the invited friend gets 10%.
There is also a Binance Affiliate Program for crypto community leaders and content creators. The commission rate is increased up to 41% and 50% (for those who invite more than 500 traders).
Binance Referral ID FAQ
- What does it mean Referral ID (optional) on Binance crypto exchange? When you register a Binance account for the first time, you have a Referral ID (optional) stated as one of the required information to fill. It is a referral code that you need to enter to get a trading fee discount on the Binance exchange and a welcome bonus. Our referral code for Binance is TGXY6FWL; it gives you 20%.
- What do I get when registering on Binance using a referral link? The result depends on the referral link you are using. By following a referral link, you can get discounts and bonuses, or you can get nothing. Be careful to trust your sources. Our referral link gives you a 20% discount of trading fees + a 10% discount on Futures trading fees + up to 50 USD in a form of vouchers, as a welcome bonus.
- Are Binance ID and Referral ID the same thing? First and foremost, Binance ID is a unique code/ identifier that is given to every new account. You, as a Binance exchange user, have your Referral ID. Yes, they are the same. However, you have an option to create extra Binance referral codes by logging in to your account, going to Profile, then Referral. These codes will have a different combination of letters and numbers to your Binance ID.
- Where can I find my referral QR-code to invite friends? Start with logging into your account. Open Binance account and go to your profile icon and choose Referral in the drop-down menu. In the middle of the page, you will see Invite Now. By clicking it, you get to share your referral QR code. You can download it or post it to your social media accounts right away. When your friends use the QR code, all referral discounts and bonuses are applied automatically.
- Does Binance have referral bonus/welcome bonus for new accounts? Yes, there is a welcome bonus program on the Binance Exchange. You can get up to 50 USD in vouchers to spend on your trading fees only if you use Referral ID TGXY6FWL or a referral link to create a new account. Go to the Task Center to find all the tasks to complete to get the welcome bonus.
- Does Binance work in my country? You can register on the Global Binance website from most countries worldwide. When you click the Register button in the top right corner, you get to the page where you choose with which account you are signing up, and then you go to the page where you confirm the country or area of residence. In the drop-down menu, you can see the full list of countries where the Binance cryptocurrency exchange offers its services. Binance works in several European countries, such as Spain, Slovenia, the Czech Republic, France, Finland, Ireland, Estonia, Greece, the UK, Italy, Norway, Austria, Latvia, Lithuania, Cyprus, etc. You can open a Binance account in countries of the Americas: Canada (except Ontario), Peru, Mexico, Brazil, Colombia, Argentina, etc.; Africa: Kenya, Nigeria, South Africa, etc.; Asia: Hong Kong, India, Indonesia, South Korea, Taiwan, Vietnam, Israel, Turkey, etc.
Do not be alarmed if you cannot find your country in the list, as there can be local versions of the Binance website. Bear in mind that some countries can have different limitations. Always check the official website for the latest data.
Conclusion
Using Referral ID or Referral Code, when creating a new account, is completely optional. However, it clearly has only benefits for a new user of the Binance exchange. You get significant discounts on Spot and Futures trading fees and a chance to get a welcome bonus. The key to a successful experience is to use Referral IDs that give you the highest discount. Our Binance Referral Code gives you, as an invitee, the highest discount of 20% that you can get on the exchange. Do not be fooled by articles where they promise you unrealistic statistics (45% and higher).
If you still have any questions left, please, leave them in the comment section below. If you still have questions or useful recommendations/suggestions on how to earn commission from the Binance referral program, as well as on how to save money with the Binance referral code, leave your comments in the section below.