1. What is a Binance referral code?

The referral code is an invitation code provided by existing users, and if entered during registration, both the registrant and the referrer will receive commission discounts or rewards.

For example,
👉 Referral code: WOZFXLOX
If you enter it or sign up through the commission discount link, you can receive a 20% discount on spot trading and a 10% discount on futures trading.

2. Loss if the referral code is not entered

If you sign up without entering a referral, you will permanently miss out on benefits like the ones below.

✅ Opportunity for up to 45% discount on spot and futures fees (when setting up BNB payment)
✅ Conditions for rewards coupon worth up to $600 not met
✅ Participation in various referral events is not possible
❌ After registration, entering a referral is absolutely not allowed (both addition and modification are not allowed)

In other words, if you miss it once, you cannot go back, so it is essential to enter the code at the time of registration.

3. Where do I enter the referral code?

✅ Method 1. Automatically enter via discount link (recommended)

If you register through the referral link, the code will be automatically applied,
you can immediately receive a 20% discount on spot + 10% discount on futures fees.

👉Fee discount link
(Referral code WOZFXLOX automatically applied)

✅ Method 2. Enter directly in the Binance app

When registering through the app, if you enter your email (or phone number),
the phrase "Do you have an inviter?" will appear.

If you select [YES] here, a field will appear where you can enter the referral code,
and you can enter the code below there.

➡️ Referral code: WOZFXLOX

✅ Method 3. Enter the futures code when starting futures trading

Even if you missed the code when registering, you have another chance to enter it when you first start futures trading.
At this time, if you enter the same code, a 10% discount on futures fees will apply.

⚠️ However, this can only be entered once, so you must be careful.

4. What if I accidentally did not enter it?

Unfortunately, there is no way.
Binance does not allow the addition or modification of referral codes after account creation, so existing accounts cannot receive benefits.

👉 If you have already completed KYC verification, there is no way other than to withdraw your existing account and create a new one. However, be careful as creating duplicate accounts may be restricted based on IP and personal verification.

5. Frequently Asked Questions (FAQ)

Q1. What happens if I register without entering a referral code?
A. You will not be able to receive the discount on spot/futures fees and the rewards benefits. Additional entry is not possible after registration.

Q2. Can I enter it later on my existing account?
A. It is not possible. It can only be entered at the time of registration.

Q3. Are there no discount codes available when starting futures trading?
A. Yes, there is. When you first start futures trading and enter the WOZFXLOX code, you can receive a 10% discount benefit.

Q4. Do I need to enter the spot code and futures code separately?
A. No. If you enter only the referral code WOZFXLOX, the benefits will apply to both spot and futures.

👉 Conclusion: The time of registration is the most important for Binance. If you correctly enter the referral code WOZFXLOX, you can enjoy a 20% discount on spot + 10% discount on futures and various rewards at the same time.