Binance Referral Program Upgrade: Invite Friends. Earn Crypto Together.

2019-08-27 13:36
Fellow Binancians,
Binance has upgraded our Referral Program! Invite Friends. Earn Crypto Together.
Friends share. With the new Binance Referral program, give your friends a discount on trading fees when they sign up using your referral link (Invite Now).
Rules:
Inviters can now choose to share a portion of the commissions received from the trading fees of the friends they invite, as trading fee rebates for their invitees. Inviters can set the sharing rates as follows:
If the inviter’s daily average BNB account balance is less than 500 BNB and their base referral rate is 20%, they can choose to share 0%, 5% or 10% with the friends they invite.
If the inviter’s daily average BNB account balance is 500 BNB or more, their base referral rate is increased to 40%, and they can choose to share 0%, 5%, 10%, 15% or 20% with the friends they invite.
Daily average BNB Balance Calculation Rules: Here.
The specific parameters are detailed in the table below.
Inviter’s Daily BNB Balance
Inviter’s Base Referral Rate
Rate Received by Inviter
Rate Received by Invited Friend
< 500 BNB
20%
20%
0%
15%
5%
10%
10%
≥ 500 BNB
40%
40%
0%
35%
5%
30%
10%
25%
15%
20%
20%
Details:
All referral commissions (both those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour.
The settlement assets of referral commissions are the same as the commission fee generated by the actual transaction of the invited friend (invitee). If the invitee uses the BNB deduction fee, the settlement assets of referral commissions and referral commissions returned are BNB.
Referral rates are calculated at 2:00 AM every day and updated at 10:00 AM (UTC).
In order for an invited friend to receive discounts in the form of trading fee rebates, they must register using the corresponding referral link (or QR code Or Referral ID). If they register using the old referral ID code of the person who invited them, instead of via the link, they will not receive any of the trading fee rebates offered to them by their inviter.
There is no limit to the number of friends a single account can invite.
If the inviter's daily average BNB balance is less than 500 BNB, their base referral rate will be reduced from 40% to 20%. At this time, the percentage allotted to the invited friend will be given priority, and his/her rate will remain unchanged. For instance, if the inviter's referral rate is reduced to 20% at this time, the invited friend will continue to maintain a 15% return rate, and the inviter's referral rate will be reduced to 5%.
Margin accounts will take on the same percentage rules that apply to the spot account. For instance, the inviter will enjoy the same benefits from the invited friend’s margin trades and spot trades. The invited friend will also enjoy the same sharing rates when completing trades on margin and spot. Starting from 2022-11-21, the discounts for the invited friend’s margin trades (i.e., trading fee rebates) will be directly settled to the corresponding account’s spot wallet.
Sub-accounts will also take on the same percentage rules that apply to the master account. For instance, the inviter will benefit from the spot and margin trades completed by the invited friend’s sub-account. The invited friend’s sub-account will also enjoy the same sharing rates as his/her master account. Starting from 2022-11-21, the discounts for the invited friend’s sub-account’s margin trades (i.e., trading fee rebates) will be directly settled to the corresponding sub-account’s spot wallet.
Binance may adjust the proportion of referrals at any point and reserves the right to adjust the rules of the referral program.
Binance does not allow any user to self-invite through multiple accounts. Upon such activity has been detected, all referrals will be canceled and all discounts for the invitee’s accounts (i.e., trading fee rebates) will be canceled.
Additional guidelines for cancelling the referral.
Important Notice:
Binance reserves the right to change the terms of the referral program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant.
Thanks for your support!
Binance Team
2019-08-27
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Note: This announcement was last updated on 2023-05-02. It was previously updated on 2023-01-13 to clarify the referral program’s terms and conditions for margin accounts and sub-accounts.