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Terms and Conditions for Lite Referral Limited-Time Activities

Terms and Conditions for Lite Referral Limited-Time Activities

2022-01-07 08:57
For a limited time only, you can refer your friends to register for a Binance account and you’ll both get a chance to receive rewards.

1. How to participate in limited-time Lite Referral activities?

Step 1: Log in to your Binance account and visit the Lite Referral activity page. Select an ongoing time-limited activity to get your Lite Referral Activity ID/link, and share it with your friends during the activity period.
  • Please note that you cannot earn the limited-time Lite Referral Activity rewards, the Lite Regular Mode Rewards, and the Standard Referral rewards at the same time.
  • To earn rewards from the regular commission-based referral program, please use Standard Referral instead.
  • To earn the 100 USDT Trading Fee Rebate Voucher from the Regular Lite Mode, please click [Back to Regular Lite Mode] on the activity landing page.
Step 2: Once your friend registers for a Binance account with your Lite Referral Activity Link/ID and completes the following tasks, you’ll both receive rewards.
1. Deposit Task: The friend you referred needs to deposit more than $50 (cumulative across multiple deposits) via any of the following channels:
Any deposit via a third-party payment method or another Binance account will not be counted toward the deposit volume.
2. Trading Task: The referred friend needs to trade more than $200 (cumulative across multiple trades) on any Spot or Convert trading pairs, including buy and sell orders.
Note: To unlock the trading task, they must complete the deposit task first. If your friend didn’t complete the deposit task, neither of you will be eligible to receive any rewards for the trading task, even if they traded more than $200.

2. How to claim the rewards?

Once the friend you referred completes the deposit and trading tasks, both of you are eligible to receive the rewards. To unlock the rewards, you and your friend need to verify your identity. The identity verification process can take up to 7 days, therefore we recommend you start the procedure as soon as you open a Binance account.
After verifying your identity, follow the instructions to claim the rewards. Please claim them within 7 days after the activity ends or they will expire. You will receive your rewards within 48 hours after claiming.

3. How many tasks can I do to earn rewards?

Each user can complete up to 20 tasks: 10 deposit tasks and 10 trading tasks.

4. How can I get more rewards?

Refer more friends and encourage them to complete their deposit and trading tasks to win more rewards.
For example:
User A invited 10 friends. All of them completed the deposit tasks, and 9 completed the trading tasks.
User A will get 10 rewards from the deposit tasks and 9 rewards from the trading tasks.
If User A wants to get the remaining reward, they can either remind the referred friend to complete the trading task, or invite a new friend to complete both the deposit and trading tasks.

5. What is a Pooled reward, and how can I get it?

Select an ongoing [Lite Referral] activity and click the [Share] button to share the offer on your social media during the activity period. If your friends click the shared link or scan the QR code, you are qualified for this activity. Binance will select users that have successfully shared* the activity and completed the most tasks for the Pooled reward.
  • All participants will be ranked based on the number of rewards they collect from Activity A on a first-come, first-served basis.
  • Rewards for the pooled prize will be distributed within 72 hours after the activity ends. Eligible users will be able to check their rewards and the winner’s list.
*“Successful sharing” means that at least 1 person clicked on the link or scanned the QR code you shared on your social media.

Terms and Conditions

1. Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.
2. Each new user can only be referred to Binance via one referral mode. If a new user registers for a Binance account via the Lite Referral ID/Link, the referrer will not be eligible for any commission-based rewards from the Standard Referral Mode.
3. Neither the referrer nor the referral will receive the 100 USDT Trading Fee Rebate Voucher rewards from the Lite Referral Time-Limited Activity Link/ID.
4. Both the referrer and the referral must complete identity verification for their Binance account within 7 days after the promotion ends for any party to receive any rewards from this promotion.
5. Sub-accounts cannot be used to participate in this promotion. Spot or Convert trades that are completed with a sub-account will not count toward the trading volume. In addition, deposits made via a sub-account, third-party payment method, or account transfer will not count toward the deposit task requirement.
6. Binance will use the real-time fiat currency to USD foreign exchange rates for calculating the USD value of deposits via fiat channels, as well as the price of the USDT trading pair at the trading time to calculate the value of the cryptocurrency deposit and/or cryptocurrency trades completed during the promotion period. 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.
7. Rewards are limited and awarded on a first-come, first-served basis. Users won’t be able to participate in this promotion once all rewards are distributed.
8. Personalized rewards are a fixed USDT amount depending on the user’s historical activity with Binance.
9. Rewards for the pooled prize will be distributed within 72 hours after the activity ends. Eligible users will be able to check their rewards and the winner’s list. The 100 USDT winners will be announced 7 days after the activity ends.
10. Users will be able to redeem their token voucher rewards from the Rewards Hub. The validity period for the token voucher is set at 14 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher.
11. Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
12. At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified:
  • Any violations of Binance's Terms of Use and its Compliance Policies, as well as attempted or proven fraud, human and/or through the use of technology;
  • Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions;
  • Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood;
  • Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.
13. Additional promotion terms and conditions can be accessed here.
14. All participants must strictly abide by the Binance Terms of Use.
15. Binance reserves the right of final interpretation of this promotion.
16. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Note: This article was updated on 31 January 2024 to include more details on the Terms and Conditions for Lite Referral Limited-Time Activities.