Many people are curious about self-referral on Binance. In this article, we will find out what self-referral is, whether you get suspended for doing it, and how to do it.
We will also tell you a more effective way to reduce trading fees than maximizing self-referral, which works for all coin exchanges, not just Binance.
What is Self-Referral?
Self-referral is an abbreviation for 'self-referral'. It refers to creating a Binance account yourself and signing up using your own referral link.
Let's look at an example of Binance self-referral. After creating two Binance accounts, A and B, by yourself, you invite account B with the referral link of account A. You can think of this as a method where account A receives a portion of the trading fees from account B.
How to Do Binance Self-Referral and Why It's Not Recommended
To do self-referral on Binance, you naturally need two accounts. However, if you consider getting a trading fee discount, the self-referral benefit itself is only 10%.
The discount rate you can get through referral registration is also 10%. In the end, there is no real point in doing it. If you want self-referral, you should use a different exchange where it makes sense, and since some exchanges actually allow self-referral, we do not recommend using Binance for this purpose.
Exchanges that allow self-referral include Bitget, Gate.io, OrangeX, and DeepCoin. After signing up through the desired exchange sign-up link below, please contact us via Telegram, and we will help you with self-referral.
However, only the exchanges mentioned above recognize self-referral; while we can help you do self-referral on other exchanges, you may face penalties.
Go to Self-Referral Sign-upThe method for Binance self-referral is simple.
After signing up for Binance with account A, which you will use to create the referral link, click on "Referral" in "Personal Information," create a referral link, and send it to yourself.
Create account B (which will conduct real trades) using account A's referral link, and start trading—that's it.
The problem here is that the two accounts must have different names (KYC/ID).
Otherwise, you may receive the following penalty.
Will You Get Suspended for Binance Self-Referral?
Let's find out about the suspension status of Binance self-referral.
The actual Binance referral terms are as follows:
If you look at the underlined part, you can see the sentence: "Binance does not allow users to invite themselves with multiple accounts. If such activity is detected, all referrals will be canceled, and all referral bonuses and kickbacks of the inviter's account will be canceled."
In other words, if you proceed with self-referral, not only will the referral be suspended, but you will also be unable to withdraw the referral bonuses you have already received.
Please be careful, as you will be suspended if caught doing Binance self-referral.
Therefore, instead of taking the risk of self-referral, we recommend registering a referral through the link below and receiving the maximum trading fee discount benefit. This is much more effective than self-referral.
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