Binance’s referral program is a system that allows users to earn rewards for bringing new users to the platform. Below you can find detailed information about Binance’s referral program:
1. How Does It Work?
In the Binance referral program, an existing user shares their unique referral link or code with a new user. When the new user signs up on Binance using this link and starts trading, both the referrer and the new user can earn rewards.
2. Awards
There are two main types of rewards in the referral program:
Spot and Margin Trading Reward: When a new user makes spot or margin trades on Binance, a percentage of the trading fee is transferred to the referrer as a reward. This rate usually ranges from 20% to 40%, and the referrer may also transfer a portion of this rate to the new user.
Futures Reward: Binance futures referral program works in a similar way. When a new user starts trading on the futures platform, the referrer can earn up to 10% trading fee reward.
3. Referral Codes and Links
Binance provides each user with a unique referral link or code. This code or link can be used to onboard new users. The referral code can be obtained from the "Account" or "Referral" section on the Binance website.
4. Commission Rates
Standard Users: Commission rates are determined as the percentage of the transaction fee earned from the new user. For spot transactions, this rate can be between 20% and 40%. For futures transactions, a commission rate of 10% is offered.
VIP and High Volume Users: Users with higher trading volume and VIP levels may have higher commission rates.
5. Reference Tracking System
Users can easily track the commissions they earn from their referrals from their Binance accounts. There is also a detailed reporting system that shows how much each referral has traded and how much profit has been made from which types of transactions.
6. Advantages of the Referral Program
Passive Income: Binance referral program allows users to earn passive income without having to do any active trading.
Flexible Commission Sharing: The person who gives a referral can gift a portion of the commission he/she earns to his/her referrals. For example, if he/she receives 40% commission, he/she can leave 20% to his/her referral.
Stable and Reliable Income: Since Binance is one of the largest crypto exchanges in the world, referrals can be a long-term and reliable source of income.
7. How Can I Participate?
After registering with Binance, you can create your own referral code or link by going to the "Referral" section.
You can share this link with your friends, social media followers or communities.
8. Restrictions and Conditions
Each user can reach an unlimited number of new users using their referral link.
Referral commissions are paid based on trading volume as a percentage of your earnings, so the more trades a new user makes, the higher your earnings.
In conclusion, Binance referral program is an effective system that provides users with the opportunity to earn extra income. The ability to earn commissions for both spot and futures transactions allows users to earn constant income through this program.
