When you start investing in cryptocurrencies for the first time, many questions naturally arise.
For example, when registering on a foreign cryptocurrency exchange, you might wonder whether to enter the Binance referral code.
To solve this problem, I will provide you with information about related benefits and coins.
Additionally, for beginners, we will go through the registration process step by step together.
Creating an account on Binance is indeed very simple.
In the Google Play Store or Apple App Store, find 'Binance', download and install the app, then launch it.
Next, you can register using your email address or phone number.
In this case, a message about the Binance referral code will appear.
If you enter it, you will receive a 20% discount on commissions.
Not entering the code is not a problem, but it means giving up a useful advantage.
However, the size of the discount depends on the Binance referral code, so it's important to check it carefully.
If the code consists only of numbers, it is a standard code for regular users.
Codes that include letters indicate influential partners: using them can provide a 20% discount on service costs, so it's worth taking advantage of this.
📍 Go to get a 20% discount on Binance commissions
Even already registered users can get a 20% discount on commissions if they meet the following 5 conditions.
The invitee already has a registered account on Binance.
The invitee has never accepted an invitation before.
The invitee's account has not made transactions or used Binance products in the last 180 days.
When the invitee opens the link and logs into the account, a confirmation window appears.
When the inviter clicks [Bind Now], the binding takes effect.
After entering the code, the registration process is practically complete.
Next, to pass KYC verification, you need to choose one of the documents — ID, passport, or driver's license — photograph both sides and upload the images.
Now that registration is complete, let's see why it's beneficial to use the Binance referral code to reduce commissions.
Each exchange applies different rates, so it's important to check them on the official website.
In futures trading, commissions usually range from 0.4% to 0.55%.
If only this is considered, the load does not seem too high.
However, both deposits and withdrawals are subject to fees.
Additionally, when using leverage, commissions increase proportionally to the chosen level, so this must be taken into account.
The reason for trading futures with cryptocurrencies is precisely the ability to use leverage.
Leverage allows you to invest amounts significantly exceeding your own capital by borrowing funds.
Thus, you can increase your investment volume by 100–200 times from the initial capital.
Accordingly, commissions also increase proportionally.
For the most active traders, it is not uncommon for commissions alone to exceed 3,300–4,000 euros per month.
In such cases, even when making a profit, a significant portion goes to commission costs, which inevitably reduces net income.
Therefore, it is extremely important to save on commissions as much as possible.
To reduce commissions on Binance, you can use BNB tokens or participate in various promotions.
In addition, with a high trading volume, you can achieve VIP status and take advantage of additional discounts.
However, for those who are just starting out or have limited capital, this can be challenging.
That is why it is recommended to use the Binance referral code to immediately receive a 20% discount and start investing.
Futures trading allows you to earn not only on price increases but also on declines.
However, for beginners, investing without sufficient preparation can lead to significant losses: therefore, it's important to study, analyze, and start cautiously.
I strongly recommend taking advantage of the 20% discount on commissions, which will help reduce expenses and increase the efficiency of your investments.
With this, I conclude today's post.