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Binance Referral Program Upgrade - Earn Both Spot & Futures Commission From New Referrals

Binance Referral Program Upgrade - Earn Both Spot & Futures Commission From New Referrals

2020-05-12 08:03

Fellow Binancians,

Binance has linked the trading fee commission for both the Spot and Futures referral programs on 2020/05/11 4:00 PM (UTC).

For every new user successfully referred to Binance, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s spot or futures markets. This means you can now freely invite users via either a spot referral link or futures referral link and receive the commission from both.

Example A:

User A invites User B via a Spot referral link. User A now receives a referral commission on User B’s trading fees anytime they trade on any of Binance’s spot or futures markets.

Example B:

User A invites User B via a Futures referral link. User A now receives a referral commission on User B’s trading fees anytime they trade on any of Binance’s spot, margin or futures markets.

The rates of commission and discount set for each is as below:

Spot:

  • 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.

  • Spot affiliates base referral rate is increased to 41-50%, and they can choose to share 0%, 5%, 10%, 15% or 20% with the friends they invite.

  • The spot rate of commission and discount for a user referred through a future referral link is set as per the rate set on the ‘default’ spot referral link.

Futures:

  • 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 a friend, leaving the inviter with 10% referral bonus

  • If the inviter’s daily average BNB account balance is 500 BNB or more, their base referral rate is 30%, of which they will share 10% with a friend, leaving the inviter with a 20% referral bonus.

  • Futures affiliates base referral rate is 40%, of which they will share a 10% discount for the first 30 days with a friend, leaving the inviter with a 30% referral bonus.

Notes:

  • The linking of commissions does not apply to users referred to Binance via the spot or futures referral program prior to 2020/05/07 1:00 PM (UTC).

  • The default link for spot commission can be viewed in the top left-hand corner of the spot referral landing page and changed at any time by clicking ‘default’ on any of the available links. 

  • If a user registers an account from a futures referral link, their spot referral rate will be determined by the default link for spot commission. If the inviter later changes their default link to another link with a different spot commission ratio, the user will retain the spot referral rate applied at the time of account registration.  

  • Spot and Futures referral invitation data may still be viewed on their respective landing pages. Spot referral landing page & Futures referral landing page.

  • To earn both spot and futures commission when referring a friend you will need to ensure you have first opened a futures account yourself. If you refer a friend using your spot referral link, but you have not yet opened a futures account yourself, then you will only earn a commission from their spot trading fees.

  • Referral rules for both the spot and futures programs remain unchanged.

  • Binance Spot referral program rules.

  • Binance Futures referral program rules.

Thanks for your support!

Binance Team

2020/05/12

 

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Note: This announcement was last updated on 2023-05-02.