Interest in the crypto asset market is increasing, and more and more people are starting to invest. However, when it comes to choosing an exchange, there are many factors to consider. Domestic exchanges facilitate deposits and withdrawals in won and have a stable regulatory environment, but for investors looking to try various coins or even engage in futures trading, they often choose foreign exchanges.
Among all, Binance clearly stands out. As the largest exchange in the world, its daily trading volume is far greater than the combined total of all domestic exchanges. Thanks to low fees, a variety of services, and numerous types of coins, Binance has become the global standard.
Today, for beginners, especially in the mobile environment, we will discuss how to enter the Binance referral code and its meaning.
What is Binance Referral
First of all, it is necessary to understand what 'Binance referral' is. A referral is a code entered during registration, which allows you to receive a discount on transaction fees.
If you register without entering a referral code, the standard fees will apply fully. If you register by entering a referral code, there will be benefits in the form of a reduction in certain transaction fees.
The default spot trading fee is 0.1%, while futures trading is 0.02% for limit orders and 0.05% for market orders. It may seem light at first glance, but if using high leverage in futures trading, the portion of fees will increase significantly.
Therefore, the discount of up to 20% provided through the referral code is a significant advantage.
To receive a 20% fee discount link, you must register through the link below.
📌 Get the benefit of a 20% Binance fee discount
Not only new members, but also old members can get a 20% fee discount. However, you must meet the following 5 requirements:
The invited person already has a registered account on Binance.
The invited person has never received an invitation before.
The invited person has no transaction history or used products on Binance in the last 180 days.
When the invited person opens the link and logs in, a confirmation window will appear.
If the invited person clicks [Now Binding], then the binding will take effect.
Reasons to register via mobile
Binance can be registered both through PC and mobile. However, currently most people are using the mobile application.
You can download the Binance app from the App Store (Google Play, Apple App Store). After a simple registration procedure, you can directly perform KYC (identity verification).
Wallet management, deposits, withdrawals, and real-time trading can all be done in the app.
Especially for beginners, mobile has high accessibility, allowing you to monitor prices and trade anytime, anywhere, making it more profitable. Therefore, entering the referral code in the app is the most intuitive way.
Procedure for entering the Binance referral code on mobile
Now let's look at the step-by-step registration procedure on mobile.
Search and install Binance in the Play Store or App Store.
Run the app and select 'Sign Up'.
You can choose to register with an email address or phone number.
In terms of security and ease of management, using email is better.
The verification code will be sent to the email (or phone) provided.
Enter the code into the app and proceed to the next step.
The password must consist of at least 8 characters, including uppercase letters, numbers, and special symbols.
For security, do not use the same password as other sites.
At this stage, a field will appear to enter the referral code.
Must be entered during registration, cannot be added later.
If you enter the correct code, the fee discount (up to 20%) will be applied automatically.
So far, this is the basic registration procedure.
KYC Verification and things to pay attention to
After registration, you must complete KYC verification (identity verification). This is a procedure required by global exchanges to comply with regulations, and it is also important for account security and the removal of withdrawal limits.
Choose one of the documents: passport, driver's license, or identity card.
Take a photo of the front and back of the document, then perform face verification directly.
Usually, the review is completed in about 10 minutes.
The name and address must match exactly with the identity document; otherwise, the verification will be rejected.
The effect of fee discounts using referrals
The cost-saving effect when entering the Binance referral is greater than you think.
For example, the standard market transaction fee is 0.05%, and if traded with 20x leverage, the actual fee becomes 1%. With a 20% discount from the referral code, the fee drops to 0.8%.
Each transaction has only a 0.2% difference, but the more often you buy and sell, the savings will accumulate. If a day trader makes dozens of transactions a day, in the long run, they can save millions of won.
Additional ways to save on fees
In addition to the Binance referral code, there are several other ways to reduce fees:
Payment with BNB (Binance Coin)
If you pay the fee with BNB, you will get an additional 10% discount, and it can be combined with the referral discount.
VIP Level
If trading volume increases, the VIP level will automatically rise, and each level provides additional fee reductions.
In other words, the combination of referral code + payment with BNB + VIP level can create the lowest fee structure in the industry.
Using Binance Futures on mobile
After entering the referral code and completing registration, you can start trading. Especially, the Binance Futures feature on mobile is a core service widely used by investors.
Can perform long/short positions, with leverage starting from 1x up to a maximum of 125x.
Supports various types of orders: market, limit, stop-limit. You can also manage positions by setting stop loss/take profit to control risk.
However, futures trading has higher volatility and greater risks compared to spot. Therefore, beginners should start with low leverage (below 3–5x) for practice to be safe.
Conclusion
In short, when registering on Binance, entering a referral code is not an option but a necessity. Just by entering once, in the long run, you can save significant transaction fees.
Using the mobile app makes the registration process more intuitive and straightforward, allowing you to build a trading environment anytime, anywhere. After KYC verification is complete, there are no restrictions on deposits, withdrawals, and trading, so even beginners can follow along easily.
In the future, the cryptocurrency asset market will be highly volatile but also full of opportunities. Small habits can make a big difference, so don't forget to enter the referral code to create a rational investment environment.