Binance Standard Referral Mode Guide
2021-04-20 06:17
Experience a new way of earning crypto by inviting your friends to join the Binance community. Invite friends and earn crypto together!
Binance Standard Referral Mode Rules:
Spot (Margin) & Futures:
For every new user successfully referred to Binance via the Standard Referral Mode, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot (Margin) or Futures markets. This means you can now invite users via a Spot standard referral link or a Futures referral link and receive the commission from both. You can also give your friends a discount on trading fees when they sign up using your standard referral link. (Invite now)
Example:
User A invites User B via a Spot standard referral link. User A will receive a referral commission on User B’s trading fees whenever User B trades on any of Binance’s Spot, Margin, or Futures markets.
*To earn both Spot and Futures commission when referring a friend, you need to ensure you have opened a Futures account before inviting friends. If you refer a friend using your Spot standard referral link, but you haven’t opened a Futures account, you will only earn commissions from their Spot trading fees.
Example:
User A invites User B via a Futures referral link. User A can receive referral commission on User B’s trading fees anytime User B trades on any of Binance’s Spot, Margin, or Futures markets.
* If the new user did not register a Binance Account using your Referral ID, you will not receive any referral commissions for Spot and Margin trading from this new user.
The same user, however, can still activate a new Futures Account with your Futures Referral ID. You will then only receive referral commissions for Futures trading from this user.
* If the system detected a user deleted his account in order to create a new account to benefit from the referral program, Binance reserves the right to terminate all referral commissions from the account.
Commission and kickback/discount rate:
Spot:
Inviter’s Daily BNB Balance | Inviter’s Base Referral Rate | Rate Received by the Inviter | Rate Received by the Invitee |
< 500 BNB | 20% | 20% | 0% |
15% | 5% | ||
10% | 10% | ||
≥ 500 BNB | 40% | 40% | 0% |
35% | 5% | ||
30% | 10% | ||
25% | 15% | ||
20% | 20% |
- If the inviter’s daily average BNB account balance is less than 500 BNB and their base standard 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 above, their base standard referral rate will be increased to 40%, and they can choose to share 0%, 5%, 10%, 15%, or 20% with the friends they invite.
- The spot commission and kickback rates for referred users registered through a Futures referral link are set as per the rate set on the ‘default’ Spot referral link.
- For more details, please refer to the Daily average BNB Balance Calculation Rules.
- For more details, please refer to the Spot referral rules.
Futures:
Inviter’s Daily BNB Balance | Inviter’s Base Referral Rate | Rate Received by the Inviter | The invitee’s First-Month Discount (Kickback) Rate |
＜ 500 BNB | 20% | 10% | 10% |
≥ 500 BNB | 30% | 20% | 10% |
- If the inviter’s daily average BNB account balance is less than 500 BNB, their base referral rate is 20%, of which they will share 10% with the invitee, leaving the inviter with 10% referral bonus.
- If the inviter’s daily average BNB account balance is 500 BNB or above, their base referral rate is 30%, of which they will share 10% with the invitee, leaving the inviter with a 20% referral bonus.
- For more details, please refer to the Futures referral rules.
Spot and Futures referral programs consolidation:
Binance has consolidated the trading fee commission for the Spot Standard Referral Mode and the Futures referral program on 2020-05-11 16:00 (UTC). This means you can now invite users via a Spot Standard Referral link or a Futures referral link and receive a commission from both. However, the consolidated commission does not apply to users referred to Binance via the Spot Standard Referral Mode or the Futures referral program prior to 2020-05-07 13:00 (UTC).
Visit here to see the detailed rules for the Spot Standard Referral Mode and the Futures referral program updates.
What is the Binance Pool Referral Program?
Binance Pool is a comprehensive service platform dedicated to improving the income of miners. It provides mining services to users with a focus on PoW and PoS. When your friends sign up to Binance Pool using your referral link or code and start mining, you'll get a percentage of their pool fee income as a referral reward. In addition, you can also get transaction fee referral rewards for Spot, Margin, and Futures markets.
You can earn a 30% commission when you invite your friends to Binance Pool. This means that you will receive 30% of the invitee’s Mining Pool fee income. The final commission rate is calculated by the total estimated profit * mining fee (2.5%) * commission rate (30%).
Visit here to see the detailed referral rules for Binance Pool.
Example:
The invitee has an estimated profit of 0.0000697 BTC. The amount of commission the inviter can receive is calculated based on the following:
Estimated Profit * Mining Fee * Commission Rate = Referral Commission
0.0000697 BTC * 2.5% * 30% = 0.00000052 BTC
What is the Affiliate Rewards Bootcamp?
The Affiliate Rewards Bootcamp is a fast-track program where you’ll learn how to build your crypto audience from scratch and transform it into an income-generating machine. Complete the classes and projects, and you can take home rewards like bonus incentives, extra commission, and up to $3,000 in BUSD. For more details, please refer to the Affiliate Rewards Bootcamp homepage.
- Binance reserves the right to disqualify users from participating in the Binance Standard Referral Program and revoke any commission from users who engage in dishonest or abusive activities to earn commissions. This includes bulk-account registrations to obtain additional bonuses, usage of “phishing” websites containing referral links, posting referral links as advertisements on search engines, and any other activity in connection with unlawful, fraudulent, or harmful purposes.
- Binance reserves the right to cancel or amend the Standard Referral Program or Program Rules at its sole discretion.
- All users must strictly abide by the Binance Terms of Use. Any breach of the Binance Terms of Use will disqualify the user from earning the Standard Referral Commissions.
- Binance has the sole discretion to decide and determine whether a user will be entitled to earn any commission and reserves the right to amend these Terms & Conditions from time to time. If you have any questions, please contact customer service.
Note: This article was updated on 25 October 2022 to include more details on the Terms and Conditions for Binance Standard Referral Program.