In this article, we will look into the Binance referral discount code, its revenue structure, and frequently asked questions about referrals.
Binance Referral ID and Registration : LEVER1000
The Binance referral code registration link is as follows.
🤑 [Join Binance with 20% Discount Link]
By accessing this link, you can register the referral code and receive the fee discount.
How to Register Binance Futures Referral Code
To register a Binance Futures referral code, you must first have a Binance account.
If you do not have a Binance account or have not signed up yet, check the article below to find out how to get free maker fees and 60% off taker fees on Binance without VIP benefits.
💰 Binance Taker Fee Free, 60% Market Fee Discount MethodIf you have a Binance account but cannot log in because you forgot your ID or password, please refer to the following article on how to find your Binance ID and password. [How to Find Binance ID and Password]을 참고하세요.
Why Trading Without a Binance Referral Code is a Loss
Binance Exchange has a referral registration system. This referrer is called a 'referral'. What's good about registering a referral?
It gives you a 20% discount on trading fees. You might think the trading fees won't amount to much.
The basic Binance Futures trading fee is 0.02% for 1x leverage. While 0.02% might not seem like a lot, the fee increases proportionally as you increase the leverage.
Example (10x Leverage): If you purchase KRW 1,000,000 worth of coins with a Limit order (10x leverage), the fee is 0.2%. If you purchase with a Market order, the fee is 0.4%.
Also, fees are charged when buying and selling, so the total fee is doubled.
Therefore, when buying at 1,000 USD and selling at 1,000 USD. Limit Order (Round-trip): A total of KRW 4,000 is charged. Market Order (Round-trip): A total of KRW 8,000 is charged.
It's foolish to trade without receiving this 20% discount. It is an unwise move to choose not to use the trading fee discount when it is available. Even the example above shows that the difference with a Binance referral is quite significant.
🤑 [Join Binance with 20% Discount Link]Binance Referral Revenue Structure
바이낸스레퍼럴 수익구조에 대해 알아보겠습니다.
By signing up new users through your Binance referral code or sign-up link, you can earn revenue by receiving a portion of the fees generated from their trades.
This structure is a win-win for Binance, the sign-up user, and the referral creator, as not only the referral code creator but also the new users receive a fee discount.
The picture below shows the actual top-ranking Binance referral earners.
The recent earnings for the TOP 10 Binance referral rankers are approximately 200K USD~ 400K USD, due to the sharp rise in the Bitcoin price.
How to Check Binance Referral Earnings
Access the Binance App, and you will see a tab labeled [Referral] on the main screen. Click this tab to view the Referral Overview screen.
On this screen, you can check the earnings you have made so far through referrals.
Note that the way you receive your earnings differs depending on whether the referral was for Futures or Spot trading:
If it was a Futures referral, the money is deposited into your Futures Wallet. If it was a Spot referral, the money is deposited into your Spot Wallet.
Frequently Asked Questions (FAQ) about Binance Referrals
Q. Is a 40% discount available for Binance referrals?
You often see articles related to Binance claiming that a 40% fee discount is possible using their referral code. All of these should be considered scams.
This is because Binance has never officially offered a referral discount of up to 40%. In fact, the 20% Binance referral discount rate is considered the maximum.
Therefore, the claim of a 40% Binance referral discount is nonsense.
Q. Can I register a Binance referral code later?
Yes, it is possible to register it later. However, there are five conditions:
- The invited person must already have a Binance account.
- The signed-up person must have never registered a referral link before.
- The account must have had no activity, such as trading or deposits/withdrawals, on Binance for more than 180 days.
- When the invited person clicks the invitation link and logs in, the invitation window must appear.
- The invitee must click 'NOW Binding' without skipping to finalize the binding.
Binance Usage Guide
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