Over dinner on the weekend, Zhou and Chen got talking about Binance referral commissions.
“I invited a few friends before, and I occasionally receive a little commission,” Zhou said.
“What rate do you get?”
“10%.”
“I’ve set my referrer link to 40%.”
Zhou put down his chopsticks. “We’re both inviting friends. How can the difference be so big?”
He’d only ever looked at how much money he received and had never really read the referral commission rules.
Let’s start with a simple calculation.
Suppose a friend generates 100 yuan in trading fees that qualify for referral commissions. At a 10% rate, that’s 10 yuan in commission; at 40%, it’s 40 yuan. If all other conditions are the same, the latter is four times the former.
But this calculation is based on trading fees—not your friend’s deposit, trading principal, or profits. If your friend trades 10,000 yuan, that doesn’t mean you’ll receive 4,000 yuan.
After hearing this, Zhou immediately asked, “So if I become a referrer, am I guaranteed to get 40%?”
“Check the specific settings first. Don’t just go by the numbers in promotional materials.”
Binance’s official information says that referrer commission rates are set by Super Referral members and can be as high as 40%. You don’t automatically get 40% just by signing up. Standard referral rates aren’t always 10% either; they depend on the specific product and account rules.
A higher rate and a guarantee of earning more are two different things.
Even with a 40% rate, if your referred friends don’t make eligible trades, your commission could still be zero.
If you already create content or run a community, and people often ask you about the platform, increasing your referral rate could be worthwhile. But if you just see a high number and start sending links everywhere, people may not be interested.
Zhou asked again, “If I get 40%, does that mean my friends can save 40% on their trading fees too?”
That’s another common point of confusion.
**The referrer’s commission and the friend’s trading-fee cashback are set separately.** How much you earn doesn’t determine how much your friend saves. Before sharing a link, check what benefits your friend can get and which trades are eligible.
In my view, the most useful thing to understand about the referrer program is how much you can earn from the same amount of eligible trading fees. But when recommending it, you should also be upfront with your friends: I may earn a commission when you sign up through this link.
Earning a commission is easy enough to explain; hiding it is what can damage trust. And never encourage friends to trade more just so you can earn more commission.
Understand the rates and benefits, explain things clearly, and then decide whether to sign up. That’s more useful than fixating on the words “40%.”
“I invited a few friends before, and I occasionally receive a little commission,” Zhou said.
“What rate do you get?”
“10%.”
“I’ve set my referrer link to 40%.”
Zhou put down his chopsticks. “We’re both inviting friends. How can the difference be so big?”
He’d only ever looked at how much money he received and had never really read the referral commission rules.
Let’s start with a simple calculation.
Suppose a friend generates 100 yuan in trading fees that qualify for referral commissions. At a 10% rate, that’s 10 yuan in commission; at 40%, it’s 40 yuan. If all other conditions are the same, the latter is four times the former.
But this calculation is based on trading fees—not your friend’s deposit, trading principal, or profits. If your friend trades 10,000 yuan, that doesn’t mean you’ll receive 4,000 yuan.
After hearing this, Zhou immediately asked, “So if I become a referrer, am I guaranteed to get 40%?”
“Check the specific settings first. Don’t just go by the numbers in promotional materials.”
Binance’s official information says that referrer commission rates are set by Super Referral members and can be as high as 40%. You don’t automatically get 40% just by signing up. Standard referral rates aren’t always 10% either; they depend on the specific product and account rules.
A higher rate and a guarantee of earning more are two different things.
Even with a 40% rate, if your referred friends don’t make eligible trades, your commission could still be zero.
If you already create content or run a community, and people often ask you about the platform, increasing your referral rate could be worthwhile. But if you just see a high number and start sending links everywhere, people may not be interested.
Zhou asked again, “If I get 40%, does that mean my friends can save 40% on their trading fees too?”
That’s another common point of confusion.
**The referrer’s commission and the friend’s trading-fee cashback are set separately.** How much you earn doesn’t determine how much your friend saves. Before sharing a link, check what benefits your friend can get and which trades are eligible.
In my view, the most useful thing to understand about the referrer program is how much you can earn from the same amount of eligible trading fees. But when recommending it, you should also be upfront with your friends: I may earn a commission when you sign up through this link.
Earning a commission is easy enough to explain; hiding it is what can damage trust. And never encourage friends to trade more just so you can earn more commission.
Understand the rates and benefits, explain things clearly, and then decide whether to sign up. That’s more useful than fixating on the words “40%.”