What can this code do for you? It’s already written on the page before you register.
Open Binance using the link below—don’t rush to enter your email yet. On your computer, look at the left side of the page; on your phone, scroll down until you reach the area just below the register button. There’s an invite card. At the very top are the inviter’s avatar and nickname—this account of mine, “Crypto Trader Home”—with “(Invite code: WIN98)” next to it. In the middle is a large headline: “Unlock exclusive rewards”. Two lines further down, one box says “Trading cashback up to 20%”, and the other box shows the maximum limit for new user rewards.
On the card it lists two items, and three more items aren’t shown on the card, but they follow the same code. Below I’ll explain the five benefits one by one, and for each one I’ll also show you how to verify it in your account after registration.
🎫【What kind of code is this invitation code?】
WIN98 is Binance’s super referral commission invitation code. It uses the «invitation referral commission» mode: the trading fees you pay are refunded back to your own account based on the ratio.
▸ Another mode: «Invitation referral vouchers»—it gives you trading-fee refund vouchers, and you need to complete tasks to claim them. One account can only enter one mode when registering: if you use this code, you’ll be under the referral commission side.
▸ Name/wording: The «referral commission discount» in the title; in your account it’s called «Invited User Cashback». Fees are still deducted as usual, and after you complete the trade, it’s refunded back to you based on the ratio.
📌 «Fee rate at 8折» and «20% cashback» are two different ways to describe the same thing—not two separate offers.
💰【Benefit 1: Spot and leverage trading fees cashback 20%】
On the card it says «Trading cashback up to 20%». This 20% applies to both spot and leverage trading.
▸ Fee rate: For regular users, spot trading fee is 0.1%, and maker/taker fees are the same. After 20% cashback, your actual cost is 0.08%.
▸ How it’s deducted: When buying, it deducts the bought coins; when selling, it deducts the received USDT. For each trade, it’s first deducted at the original price; cashback is a separate transaction that’s refunded back separately.
▸ Example: Buy and sell 5,000 USDT each per day. Daily fees are 10 USDT, and you get 2 USDC refunded. In a month: 60 USDC; in a year: 730 USDC.
✅ Before registering, check the card: «Trading cashback up to 20%». After registering, in 【Invitation Rewards】→ «My cashback», the «Invited user spot cashback ratio» should say 20%.
🔒【Benefit 2: Valid for life—your ratio won’t be reduced】
«Lifetime» relies on two locks:
The ratio is fixed when the code is created: each code is set with its own cashback ratio during creation. After it’s set up, you can’t change it—if you want a different ratio, you must create a new code. This code is set to 20% when created, and the person who issued it can’t lower it afterward.
Once the invitation relationship is bound, it can’t be unlocked: once your account is bound to this code, it can’t be changed or unbound.
Two locks stack together. For this account, every spot and leverage trade in the future gets 20% cashback. No expiration and no need to renew.
✅ After logging in, open 【Invitation Rewards】 and find the «Invitation relationship» section. It specifically shows how you were invited to register and what invited-user benefits this account has. If you registered with this code, it will say «You registered using a super referral commission invitation code».
⏱️【Benefit 3: Cashback arrives automatically—no need to claim】
▸ Settlement: Calculated by hour. It’s converted uniformly to USDC, and once converted, it’s credited to your spot account within 6 hours.
▸ Threshold: No application, no need to click claim, no need to complete tasks—if you make trades, there will be cashback.
▸ Exception: Zero-fee trading pairs themselves don’t charge fees, so there’s no cashback.
✅ In 【Invitation Rewards】→ 【Invited User Cashback】, check each record. The page only scrolls to show the latest 7 days; earlier details need to be downloaded.
🪙【Benefit 4: Stack with BNB discount—lowest fee rate 0.06%】
▸ BNB discount: Pay trading fees with BNB. Spot and leverage fees become 7.5% off: 0.1% down to 0.075%.
▸ After stacking: The 20% cashback is calculated based on the actual fees you paid. 0.075% × 80% = 0.06%, which is equivalent to 6折.
▸ Switch: App【Account Center】→ top-right【Settings】→【BNB discount】→ enable «Use BNB to pay trading fees»; you can also go to the Spot trading page and tap 【…】→【Fee rate】 to turn it on.
⚠️ If there isn’t enough BNB in your spot wallet, this trade will be charged at the original price.
✅ After enabling it, in 【Trade History】, the fee column will display BNB.
🎁【Benefit 5: Newcomer rewards use that exclusive super referral commission package】
The other slot on the card is the cap for new-user rewards. Tap the «View details» below to see the tiers of «exclusive welcome-newcomer rewards for super referral commission». This rewards package is linked to the super referral commission code, and its cap is much higher than the one for normal registration.
▸ Two batches: one batch sent at registration; another batch sent within 2 hours after identity verification is completed.
▸ Tasks: The batch after verification is split into several tiers. Each tier includes two items: «net充值 amount» and «trading volume». The net deposit needs to be maintained for at least 2 days. Zero-fee trade pairs don’t count for completed trade volume.
▸ Where to claim: Tasks and rewards are generated separately for each person’s account, and you can find them in 【Rewards Center】.
✅ Before registering, tap «View details» on the card to see the tiers. After registering, go to 【Rewards Center】 to see your own tasks.
⚠️ Cashback goes to 【Invitation Rewards】; newcomer tasks are in 【Rewards Center】—don’t look in the wrong place.
📝【How to bind the invitation code during registration?】
⭐ Recommended route 1: Register using a web link
Open https://www.binance.com/zh-CN/join?ref=WIN98. On the first screen there’s only one field for «Email/Phone Number»—no place to enter a code, because the code is already brought along by the link.
After you complete the verification code and password, on the screen after account creation it asks whether you have an inviter. If you came in via the link, it’s already auto-filled, with a green checkmark and【Bound】 next to it.
Route 2: Install the app first, then register
Android install official package: https://download.binance.com/pack/BNApp_F0001674.apk
On the screen after registration where the account creation is complete, in the invitation code field enter WIN98. If it was already auto-filled and shows 【Bound】, you don’t need to change anything.
⚠️ On the last screen, don’t accidentally tap «No» or【Skip】. If you do, you’ll only be able to proceed to the补 binding below.
🔁【If I missed the invitation code during registration, can I补 bind it?】
First check «Invitation relationship»: if it says «You registered without using an invitation code», then you can补 bind. If it says you registered via some kind of invitation code, it means it’s already bound and can’t be changed.
▸ New account: Less than 30 days since registration, no deposits and no trades—openhttps://www.binance.com/zh-CN/activity/referral/bind-ref , the page title «Bind super referral commission code». Enter WIN98 and submit. Don’t do any tasks; if it shows «Verification in progress», wait 12 hours and try again.
▸ Old account · Small amount: In the last 90 days, trading volume not exceeding USD 5,000—go throughhttps://www.binance.com/zh-CN/activity/referral/bind-refSubmit. After applying, within 30 days you must reach trading volume of USD 150,000. Zero-fee trades don’t count. The fastest way is to open/close positions quickly via contracts to generate volume.
After the old account is additionally bound, the cashback ratio and algorithm are the same as for newly registered accounts.
❓【Binance invitation code FAQ】
Q: If I register Binance with an invitation code, how much trading fee cashback can I get?
A: Register with this code. The spot and futures/leverage trading fee cashback is 20%. Your actual fee rate drops from 0.1% to 0.08%; and if you also enable BNB discount, it goes as low as 0.06%.
Q: Is the referral commission from Binance invitation codes lifetime?
A: Yes. Once you bind it, it’s valid for life—no expiration and no need to renew.
Q: Where do I enter the Binance invitation code?
A: There’s no field to enter a code on the first screen of the registration page. If you register using an invitation link, the code will be automatically included. If you register directly, after the account is created, on that screen select «Yes», and enter «Referrer ID (optional)».
Q: Are invitation codes, referral codes, and Referrer IDs the same thing?
A: Yes. They’re the same. Different places on the page use different names, but the string you enter is always the same characters.
Q: Where can I see it after cashback arrives?
A: Cashback is settled hourly into USDC and credited to your spot account within 6 hours. Each record is listed in 【Invitation Rewards】→ 【Invited user cashback】.
Q: If I used an invitation code, can I still claim the newcomer rewards?
A: Yes. Register with a super referral commission code; the newcomer tasks use the «exclusive welcome-newcomer rewards for super referral commission», which you can claim in 【Rewards Center】.
Q: If I already bound someone else’s invitation code, can I switch it to this code?
A: No. Once the invitation relationship is established, it can’t be changed. A more practical approach is to register a new trading account under a family member identity; that account is only used for deposits/withdrawals. If you cancel and re-register the same verified identity within 180 days, and the invitation codes don’t match before and after, risk control will be triggered and you still won’t receive the referral commission.
⚠️【Three reminders】
Open the registration link, first match the code in the invitation card’s parentheses. If it matches, continue registering; if it doesn’t, switch back to the correct link.
After registering, go check «Invitation relationship» once, then make a top-up. For new accounts that didn’t get bound, one of the conditions for补 binding is «no deposit and no trades». If you top up first, you’ll block the most convenient path.
Zero-fee trading pairs don’t have cashback and also don’t count toward newcomer task trading volume—don’t use them to meet the task.
After you register, which sentence do you see under «Invitation relationship»? Post it in the comments and I’ll help you figure out what to do next.