The Binance referral bonus for a new user comes in two parts. Register with the code 20LESSFEES and every Spot and Futures trade on the account is charged a flat 20% less in trading fees, and the account can still join the welcome bonus of up to $19,800 for eligible users. Both start from the sign-up link below.
š Open a Binance account with 20LESSFEES
How much the first part is worth depends almost entirely on how you trade. A person buying a little Bitcoin once a month and a person opening futures positions every few days get the same 20%, yet the dollar figures sit worlds apart. So instead of one headline number, this article follows four kinds of trader through a year of fees, using the rates Binance publishes for a new account.
What does a new account actually get?
Strip away the marketing and the package is short. Here is what changes when the code is on the form, most valuable first for anyone who trades regularly:
Lower fees on every fill: Spot drops from 0.100% to 0.080% per side. USDā-M Futures drops from 0.0200% maker and 0.0500% taker to 0.0160% and 0.0400%.
No expiry: The lower rate stays with the account. It doesn't end after 30 days or after a volume cap.
Same welcome program: The task-based bonus of up to $19,800 for eligible users is identical with every code, so choosing this one gives nothing up there.
Nothing to claim: No voucher to activate and no task to finish before the lower fee applies. It starts with the first order.
Spot and Futures are both covered, which matters for two of the four profiles below.
Where does 20LESSFEES go on the registration form?
Open the registration page: The link above loads the Binance form with the code already filled in. In the mobile app, tap Sign Up on the first screen.
Type your email or phone number: Pick one you can check right away, since a six-digit verification number follows within a minute.
Check the code box: On some versions of the form it sits under a small arrow below the contact field. Open it and make sure it reads 20LESSFEES. If it is empty, type the code in capitals.
Press Register: Only after the code box is filled. Then enter the verification number and set a password you don't use anywhere else.
Finish identity verification: Upload a photo ID and take a selfie. Trading and the welcome tasks both stay locked until this is approved.
Step three is the only one that can't be repaired later. Once the account exists, the code box is closed for good.
If the form looks like the one above with no code box in sight, look for the arrow before pressing the yellow button.
How were the four profiles worked out?
Every number below uses the Regular User row, where all new accounts start: 0.100% for Spot on both sides, and 0.0200% maker / 0.0500% taker for USDT-margined futures. The code takes a flat 20% off those rates. A few simplifications keep the sums readable:
Fees are counted per side: A buy is charged once and the later sell is charged again, so a round trip of $1,000 is $2,000 of volume.
BNB fee settlement is left off: It has its own column in the fee table and its own toggle. Leaving it out keeps the comparison clean.
Spreads and slippage are ignored: They exist on every trade and no code touches them.
The habits are invented: They are typical patterns, not anyone's real account, and say nothing about whether the trades win or lose.
The monthly buyer
This person buys $300 of BTC on the first of each month with a market order and almost never sells. That is $3,600 of Spot volume in a year.
Without the code: $3,600 Ć 0.100% = $3.60 in fees for the year.
With the code: $3,600 Ć 0.080% = $2.88.
Difference: $0.72 a year, about six cents a month.
An honest result. For a small, steady buyer the fee cut is close to pocket change, and the welcome tasks are where the attention belongs. Small first tiers usually ask for a modest deposit and a little trading, which fits this habit without forcing extra orders. The code still costs nothing to add, and if the monthly amount grows to $3,000 the yearly gap grows tenfold with it.
The weekend swing trader
This one opens a $1,500 Spot position most weekends and closes it a few days later, about six round trips a month. Each round trip is $3,000 of volume, so the month adds up to $18,000 and the year to $216,000.
Without the code: $216,000 Ć 0.100% = $216 a year.
With the code: $216,000 Ć 0.080% = $172.80.
Difference: $43.20 a year, or $3.60 a month.
Here the fee cut starts to show up in the account history. Each $3,000 round trip is charged $2.40 instead of $3.00, and that 60-cent gap repeats every weekend. Over twelve months it is roughly the cost of 14 more round trips at the full rate.
For a profile like this one, keep 20LESSFEES ready before you open the form.
Row 1 of the table is the one that applies to all four profiles. Reaching the next row on Spot takes $1,000,000 of volume in 30 days, which none of them come close to.
The active Spot trader
This trader is in and out of positions most weekdays: around 40 round trips a month at $750 each. That's $1,500 of volume per round trip, $60,000 a month and $720,000 a year.
Without the code: $720,000 Ć 0.100% = $720 a year.
With the code: $720,000 Ć 0.080% = $576.
Difference: $144 a year, $12 a month.
Two things stand out. First, the fee bill itself is large: $576 is still real money even at the lower rate, and frequent trading has to beat that cost before it shows any result at all. Second, this is the profile where small fee details stack up. Choosing limit orders over market orders, holding BNB for fee settlement, or trading fewer but larger positions can each move the yearly figure as much as the code does. They work alongside it, not instead of it.
The futures trader
The last profile trades USDT-margined perpetuals. A typical position uses $2,000 of margin at 5x leverage, which means $10,000 of notional value. Fees are charged on the notional, not on the margin, a detail many newcomers miss. Assume ten round trips a month, entered and closed with market orders, so both sides are charged the taker rate.
One side without the code: $10,000 Ć 0.0500% = $5.00.
One side with the code: $10,000 Ć 0.0400% = $4.00.
Month without the code: 10 round trips Ć $10.00 = $100.
Month with the code: 10 round trips Ć $8.00 = $80.
Year: $1,200 against $960, a gap of $240.
Switch the entries to limit orders that rest on the book and the maker side drops from $2.00 to $1.60 per $10,000. A trader who enters as maker and exits as taker is charged $5.60 per round trip with the code instead of $7.00 without it.
Leverage cuts both ways, though. A 5x position moves five times faster than the margin behind it, and a move of about 20% against it would wipe out the margin, with liquidation arriving before that point. Fee savings are small next to that risk. If futures are the main reason you are opening an account, this checklist for a futures sign-up code covers the setup in more detail.
The 20% applies to both the maker and the taker column.
The USDT column in Row 1 is the one used above. The banner promotions across the top of this page change often and are separate from the code.
The four profiles side by side
Put the yearly figures next to each other and the pattern is easy to see:
Monthly buyer, $3,600 a year: $3.60 becomes $2.88, a gap of $0.72.
Weekend swing trader, $216,000 a year: $216 becomes $172.80, a gap of $43.20.
Active Spot trader, $720,000 a year: $720 becomes $576, a gap of $144.
Futures trader, $2.4 million of notional volume a year: $1,200 becomes $960, a gap of $240.
The saving scales in a straight line with volume. Double the trading and you double the gap. That is also the warning inside the numbers: the code makes each trade a little cheaper, but it never makes trading more often a good idea. None of these figures predict profit or loss.
For a single account followed order by order, with month totals, see this trade-by-trade breakdown of fee savings at sign-up.
Which part of the bonus matters to which trader?
The two halves of the package reward different people. The welcome tasks favour someone who will deposit and trade within the first weeks, since each tier has a deadline and a deposit and volume target. The fee cut favours someone who keeps trading for years, because it never runs out.
Monthly buyer: Mostly the welcome tasks, and only the first tier or two that fit a normal deposit.
Weekend swing trader: Both halves. Early tiers often fit a few weekends of normal trading.
Active Spot trader: Mainly the fee cut, which outlasts any voucher many times over.
Futures trader: The fee cut on both columns, plus any task tied to futures volume, as long as the trading is planned rather than forced.
Chasing a higher tier with trades you wouldn't make anyway is the one way to turn this package into a loss.
Questions people ask before they register
I already have an account, can I add the code: No. The code is fixed when the account is created, and Binance allows one account per verified person. Someone else in the household opening their own account can use it.
Does a code change anything else on the account: No. Login, security settings, withdrawals and data stay exactly as they would without it. It changes the fee line and the welcome program link, nothing more.
Is the saving worth the effort for small amounts: The effort is typing ten characters once. Even the monthly buyer loses nothing, and if habits change the lower rate is already in place.
Set it up once and forget it
Whatever kind of trader you turn out to be, the fee rate you register with stays for the life of the account. Open the sign-up page, confirm the code box shows 20LESSFEES, and finish the form.
š Register with 20LESSFEES and every Spot and Futures trade is charged 20% less in fees.
Welcome task tiers change between campaigns, so read the current welcome bonus rules for new users before planning around a specific reward.
FAQ
What is the Binance referral bonus for the person signing up?
For the new user it means two things: a flat 20% off Spot and Futures trading fees for the life of the account with 20LESSFEES, and access to the welcome tasks worth up to $19,800 for eligible users.
Does the 20% apply to Convert or P2P?
It applies to trading fees on Spot and Futures orders. Convert and P2P have their own pricing and fee rules, shown on their own pages, so check those before assuming the 20% carries over.
Can I check that the lower rate is active?
Yes. Place a small Spot order, then open the fill in your trade history and divide the fee by the order value. At 0.080% a $100 order shows a fee of $0.08.
Do I need to finish a welcome task first?
No. The fee cut and the tasks are separate. You can ignore every task and the lower rate still applies from the first trade.
Is it the same in the app and on the website?
Yes. The code box exists on both forms, and the rate follows the account rather than the device.
Disclosure: this article contains a Binance sign-up link with the code 20LESSFEES. Crypto prices move both ways and trading, especially with leverage, can lose money. Nothing here is financial advice.