Interest in the digital asset market is growing, and more and more people are starting to invest. However, when choosing a broker, there are many factors to consider.
National brokers facilitate deposits and withdrawals in won and offer a stable regulatory environment, but for investors looking to experiment with various currencies or even trade futures, the choice often falls on foreign brokers.
Among them, Binance clearly stands out. As the largest exchange in the world, its daily trading volume is much greater than the total combined of all domestic exchanges. Thanks to low fees, a variety of services, and a wide range of coins, Binance has already established itself as a global standard.
Today, for beginners, especially in the mobile environment, we will see how to enter the Binance referral code and what it means.
What is Binance Referral
First of all, it is necessary to understand what 'Binance referral' is. The referral is a code entered at the time of registration, which allows obtaining a discount on trading fees.
If you register without entering the referral code, the standard fee will be applied in full.
If you register by entering the referral code, you will receive discount benefits on part of the fees.
The spot trading fee is 0.1% by default, while in futures it is 0.02% for limit orders and 0.05% for market orders. At first glance, this may seem small, but when using high leverage in futures, the fee ratio increases significantly.
Therefore, the discount of up to 20% offered by the referral code is a significant advantage. To receive the link with a 20% fee discount, you need to register through the link below.
📌 Get a 20% fee discount benefit on Binance
Not only new members but also existing members can receive a 20% discount on fees. However, it is necessary to meet the following 5 conditions:
The guest must already have a registered account on Binance.
The guest must not have accepted any invitations previously.
The guest must not have a trading history or used products on Binance in the last 180 days.
When the guest opens the link and logs in, a confirmation window will appear.
If the guest clicks on [Now Binding], the binding will take effect.
Reasons to register via mobile
It is possible to register on Binance both via PC and mobile. However, currently, most people use the mobile app.
You can download the Binance app from the App Store (Google Play, Apple App Store).
After a simple registration process, it is already possible to perform KYC (identity verification).
Wallet management, deposits, withdrawals, and real-time trading can be done directly through the app.
Mainly for beginners, mobile offers high accessibility, allowing you to keep track of prices and trade anytime and anywhere. Therefore, entering the referral code in the app is the most intuitive way.
Procedure to enter the Binance referral code on mobile
Now, let's look step by step at the registration procedure on mobile.
Search for and install Binance from the Play Store or App Store.
Open the app and select 'Sign Up'.
You can choose to register with an email address or phone number.
In terms of security and management convenience, using email is better.
A verification code will be sent to the email (or phone) provided.
Enter this code in the app and proceed to the next step.
The password must be at least 8 characters long, including an uppercase letter, number, and special character.
For security, do not use the same password as other sites.
At this stage, the field to enter the referral code will appear.
It must be entered at the time of registration and cannot be added later.
If you enter the correct code, the discount (up to 20%) will be applied automatically.
So far, this is the basic registration procedure.
KYC verification and points of attention
After registration, it is mandatory to perform KYC verification (identity verification). This is a procedure required by global exchanges for regulatory compliance, and it is also essential for account security and 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 and perform facial verification in real-time.
Typically, the analysis is completed in about 10 minutes.
The name and address must exactly match the document; otherwise, the verification will be rejected.
Effect of the discount when using the referral
The effect of savings on fees from entering the Binance referral code is greater than you imagine.
For example, the standard market fee is 0.05%, and when trading with 20x leverage, the actual fee becomes 1%. With the 20% discount from the referral code, it drops to 0.8%.
Each trade represents only a 0.2% difference, but by repeating purchases and sales, the accumulated savings become significant. For daily traders who make dozens of trades a day, this can mean savings of millions of won in the long run.
Additional ways to save on fees
In addition to the Binance referral code, there are other ways to reduce fees:
Payment with BNB (Binance Coin)
When paying fees with BNB, there is an additional discount of 10%, which can be combined with the discount from the referral code.
VIP Level
As trading volume increases, the VIP level automatically rises, offering additional fee reductions according to the level.
That is, combining referral code + payment with BNB + VIP level creates the lowest fee structure in the industry.
Using Binance Futures on mobile
After entering the referral code and completing the registration, you can start trading. In particular, the Binance Futures feature on mobile is one of the most used core services by investors.
It is possible to operate long/short positions, with leverage from 1x to 125x.
Supports various types of orders: market, limit, stop-limit. It is also possible to manage positions by setting stop loss/take profit for risk control.
However, futures trading has higher volatility and risk than the spot market. Therefore, beginners should start with low leverage (below 3–5x) to practice safely.
Conclusion
In summary, when registering on Binance, entering the referral code is not an option but a necessity. Just with a simple entry, it is possible to save significantly on trading fees in the long term.
Using the mobile app makes the registration process intuitive and simple, allowing you to create a trading environment anytime and anywhere. After completing KYC verification, there are no restrictions on deposits, withdrawals, and trades, so even beginners can easily keep up.
In the future, the digital asset market will be very volatile but also full of opportunities. A small habit can make a big difference, so do not forget to enter the referral code and create a rational investment environment.