How to Participate in Binance Lite Referral and Quarterly Tiered Tasks
2022-03-28 06:18
Experience a new way of earning rewards by inviting your friends to join Binance. When the friend you invited registers for a Binance account and makes a deposit worth more than $50, you’ll both receive 100 USDT in trading fee credit.
You can also invite your friends to join the Quarterly Tiered Task program and win up to 200 BUSD from each tier!
1. How to earn referral rewards?
Step 1: Select the [Lite Referral] mode and share your referral link with friends.
Please Note: The Lite Referral rewards cannot be earned on top of the Standard Referral. To earn rewards from our regular commission-based referral program, please choose [Standard Referral] instead.
Step 2: Once your friend registers for a Binance account, completes Identity Verification, and makes a deposit worth more than $50 within 14 days after registration, you’ll both receive a 100 USDT trading fee Cashback Voucher.
Your friends can deposit using any of the following channels:
Please note that any deposit via a third-party payment method or from another Binance account will not be counted toward the deposit volume.
2. How to earn the Quarterly Bonus rewards?
Invite your friends to register on Binance and you can earn Quarterly Bonus rewards from the Tiered Bonus program. In addition, you can share the activity on your social media to earn more rewards (the Shared Bonus Activity).
Tiered Bonus:
There are a total of 6 tiers in the Tiered Bonus program.
- For the third, fifth, eighth, twelfth, seventeenth, and twentieth eligible referrals, you can get a Binance Gift Card worth up to 200 BUSD.
- To qualify as an “eligible referral”, the friend you invite must complete Identity Verification (KYC) and cumulatively deposit more than $50 within 14 days after registration.
- To be eligible for rewards, you must also complete Identity Verification (KYC) within the promotion period.
Example:
User A invited User B via the Lite Referral link.
User B completed accumulative deposits of more than $50.
Both User A and User B will receive a Cashback Voucher of 100 USDT.
User A invited User C and User D.
Both User C and User D completed an accumulative deposit of more than $50.
User A, User C, and User D will each receive a Cashback Voucher of 100 USDT.
On top of the Cashback Vouchers, User A will receive a Binance Gift Card of up to 200 BUSD, as he unlocked the first Tiered Task with 3 eligible referrals.
Shared Bonus:
Click the [Share Now] button to share the activity on your social media during the activity period to earn the Shared Bonus. Every hour, the first 5 users whose friend(s) have successfully clicked the shared link or scanned the QR code can win the Shared Bonus of $1 in Binance Gift Card. Winners must complete Identity Verification during the promotion period to be eligible for the Shared Bonus.
Please note that you can only win a maximum of 1 Shared Bonus per day during the promotion period. However, there are no restrictions on the number of attempts. If you didn’t win the Shared Bonus this hour, you might try again in the next hour. The winner list for the previous hour will be announced in the following hour.
3. How to claim the rewards?
Regular Rewards
To be eligible for the Regular Rewards, you must complete Identity Verification within 7 days after the reward is available. Once you complete Identity Verification, it will be automatically distributed to your [Reward Center] within 48 hours. Please note that the unclaimed rewards will expire in 7 days.
If you haven’t completed Identity Verification within 7 days, only your friend will be eligible to receive the reward.
For example:
User A invites User B via Lite Referral.
User B completes the qualifying deposit and has completed Identity Verification.
User A has not completed Verification, so only User B is eligible for the reward.
Once User A completes Identity Verification, User A will also be eligible for the reward.
Quarterly Bonus
The Quarterly Bonus includes Tiered Bonus and Shared Bonus. Binance uses the token’s closing price 7 days prior to the activity start date to calculate the final reward amount. To be eligible for the Quarterly Bonus, you must complete Identity Verification within the promotion period. Once you complete Identity Verification, the reward will be automatically distributed to you within 48 hours in [Binance Gift Card] - [History]. Please note that unclaimed rewards will expire in 7 days.
4. How to use the Cashback Voucher?
After receiving the Cashback Voucher, go to [Reward Center] to redeem it within 7 days. Please note that all Cashback Vouchers are valid for 14 days once activated. During this period, you will receive the trading fee cashback in your Spot Wallet in USDT daily before 23:59:59 (UTC) on the following day. For example, if you traded on 1 August 2022, the cashback will be credited to your Spot Wallet on 2 August 2022.
For more details on how to use Cashback Vouchers, please refer to Cashback Voucher Terms and Conditions.
5. How many trading fee Cashback Vouchers can I get?
There are no restrictions on the number of trading fee Cashback Vouchers you can earn. The more users you successfully refer, the more Cashback Vouchers you can get.
6. How can I get more rewards?
You can earn more rewards by inviting more friends to join Binance and asking them to complete their first deposit.
Terms and Conditions
1. Each new Binance user can only be referred via one Referral mode. If a new user registers for a Binance account via the Lite Referral ID/link, the user who invited them will not be eligible for any commission-based rewards from the Standard Referral Mode.
2. Sub-accounts cannot be used to earn referral rewards. Deposits made via a sub-account or account transfer do not qualify for any referral rewards.
3. Any deposit via a third-party payment method or from another Binance account will not be counted towards the deposit volume.
4. Regular Rewards are distributed in Cashback Vouchers. You must complete Identity Verification within 7 days after the Cashback Voucher is available for redemption. Click here to learn more about how Cashback Vouchers work.
5. Quarterly Bonus includes Tiered Bonus and Shared Bonus, distributed in Binance Gift Cards. You must complete Identity Verification within the promotion period to claim the Quarterly Bonus. To redeem your Gift Cards, go to [Binance Gift Card] - [History].
6. All rewards must be redeemed within 7 days after distribution.
7. Binance will use the real-time fiat-to-USD exchange rate to calculate the deposit and trading amounts in USD.
8. Binance uses the token’s closing price 7 days prior to the activity start date to calculate the final reward amount.
9. Binance reserves the right to disqualify users from participating in the referral program and revoke any reward from users who engage in dishonest or abusive activities to earn referral rewards. 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.
10. Binance reserves the right to cancel or amend the Quarterly Tiered Activity or Activity Rules at our sole discretion.
11. 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 referral rewards.
12. Binance has the sole discretion to decide and determine whether a user will be entitled to earn any referral rewards, and reserves the right to amend these Terms & Conditions from time to time. If you have any questions, please contact customer service.
13. If the system detects that a user has 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.
Note: This article was updated on 25 October 2022 to include more details on the Binance Lite Referral Quarterly Tiered Task.