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Introducing Binance Lite Referral Mode: Refer Friends to Each Receive 100 USDT Cashback on Your Trading Fees & Share an Additional $130,000 Prize Pool

2022-03-31 08:00
Fellow Binancians,
Binance is excited to present the new Lite Referral Mode, where users and their referred friends can receive cashback on their trading fees together. For users who successfully refer their friends by 2022-04-14 07:59 AM (UTC), they will stand to share an additional $130,000 prize pool in cash vouchers along with their referred friends!
Lite Referral Mode
Invite friends to join Binance through our new Lite Referral Mode, and complete the following tasks to each receive a 100 USDT cashback voucher and reduce your trading fees.
  1. Select Lite Referral Mode and share your referral link/code with friends who were not registered on Binance previously.
  2. Ensure that each referred friend makes a total deposit amount of more than $50 equivalent to their accounts within 14 days after registration. This could be done via any of the following channels*:
    1. Cash Deposits via bank transfer, bank card or third party wallet
    2. Buy crypto using Credit/Debit Card
    3. Buy crypto with P2P Trading
    4. Deposit crypto from another wallet to Binance spot wallet.
*Any deposits made other than the methods listed above will not count toward the total deposit amount (including but not limited to deposits made via a third-party payment method or from another Binance account).
To be eligible for the 100 USDT cashback voucher, both users and their referred friends need to complete Identity Verification (KYC) within seven days after the reward is available for redemption.
For more information, please refer to the FAQ page.
Early Bird Activity
Activity Period: 2022-03-31 08:00 AM to 2022-04-14 07:59 AM (UTC)
To further celebrate the launch of our new Lite Referral Mode, early participants will get to split $130,000 in cash vouchers with their referred friends through this promotion.
The cash voucher rewards will be distributed in one of the following tokens: C98, AUCTION, SNM, OCEAN, JASMY, BIFI, STRAX, FOR, FIDA, ACH, AVAX, ARPA, MBL or TLM.
  • Referrers: $100,000 Prize Pool
All referrers who successfully complete KYC and use the Lite Referral Mode to refer at least one new user, who completes the deposit task and KYC as well before 2022-04-14 07:59 AM (UTC), will qualify to participate in this promotion. These eligible referrers can equally split a tiered prize pool worth $100,000 in cash vouchers. The tiers are based on the number of eligible referrals made through Lite Referral Mode, which must meet the stipulated referral task requirements mentioned above, during the activity period.
Prize Pool:
Tier
Number of Eligible Referrals*
Prize Pool in USD
Individual Cap in USD
1
1-5
20,000
100
2
6-10
20,000
200
3
11-30
20,000
300
4
31-50
20,000
400
5
>50
20,000
500
  • Referred Users: $30,000 Prize Pool
For all new users who are referred to Binance via the Lite Referral Mode, they will qualify for an equal share of a $30,000 prize pool in cash vouchers if they complete both KYC and the deposit task before 2022-04-14 07:59 AM (UTC). The value of the cash voucher that each eligible referred user will receive is capped at $50.
Terms and Conditions
  • Both the referrer and the referred user must complete KYC for any party to unlock the corresponding rewards.
  • The rewards for both Standard Referrals and the Lite Referral Mode are mutually exclusive. If a referee signs up using a user’s Lite Referral ID/link, the user will not be eligible for Standard Referral rewards, and vice versa.
  • Any deposits made other than the methods described above will not count toward the total deposit amount (including but not limited to deposits made via a third-party payment method or from another Binance account).
  • Eligible users will receive their cashback vouchers within 48 hours. You will be able to log in and check your rewards via Account > Reward Center.
  • Eligible users must activate their cashback vouchers within seven days after the rewards are available for redemption. All cashback vouchers are valid for 14 days from the day of activation. Following the vouchers’ activation, the corresponding cashback in the amount equal to the trading fee of the certain product each day, will be distributed to the user’s spot account in USDT on the following day of the user’s trading before 23:59:59 (UTC). Learn the terms and conditions of cashback vouchers here.
  • Sub-accounts cannot be used to participate in Lite Referral Mode. Deposits made via a sub-account or account transfer will not meet the requirements of the referral task.
  • Binance will use the real-time local currency to USD foreign exchange rates for calculation of the deposit amount requirement via fiat channels, and the price of the USDT trading pair at trading time for calculation of the cryptocurrency deposit and trade volume. If there is no USDT pair for a specific cryptocurrency, it will be converted to another token or coin with a USDT pair to determine its value.
  • Cash voucher rewards for the Early Bird Activity will be distributed 14 days after the activity ends. The cash vouchers need to be claimed within seven days before they expire. You will be able to log in and check your rewards via Account > Reward Center.
  • Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the activity. This includes bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
  • All participants must strictly abide by the Binance Terms of Use.
  • Binance reserves the right of final interpretation of this activity.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-03-31
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Note: The announcement was last updated on 2022-04-06 to provide further details on the cashback voucher rewards.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.