Refer a friend using Binance’s referral program, and you can get some of your trading fee savings and earn rewards. Whether you’re a veteran at trading cryptocurrency or just beginning this journey with digital assets, Binance’s referral program was created to give you special treatment to boost your investing experience. In this article, we look at how to use benefit from Bninance’s referral code, and thus, reap the most from this offer.
What is Binance?
Binance is a cryptocurrency exchange founded in 2017 that has quickly taken the title of the world’s largest crypto exchange by trading volume. Binance features 200 m registered users and access to hundreds of cryptocurrencies in spot trading, futures, staking and much more. For beginners and experienced traders alike, it also supports both crypto-to-crypto and fiat-to-crypto trading as well.
Binance’s Referral Program Works.
Binance’s referral program offers users to invite others for the platform and get some serious rewards. If you sign up with a referral code, you get reduced trading fees, a deposit bonus, and more. For instance, using a referral code like “QH6V74V5”, you can earn up to up to 10% lifetime discount on trading fees.
Using a Binance Referral Code: Step-by-Step Guide
- Create an Account: Here, you first visit binance.com, the official website of Binance. From the homepage, click here to ‘Sign Up’ to create a new account. You’ll need to enter your email, and create a strong password (and you’ll need to verify that email).
- Enter the Referral Code: During registration, be sure to use the Binance referral code your friend or partner gave you. With this, you’re also getting special benefits like fee discounts. Some referral codes come with an additional reward, for instance, an signup bonus or free tokens
- Complete KYC Verification: First of all, you’ll need to do Binance’s Know Your Customer (KYC) if you want to start trading. By doing that, Binance satisfies the regulatory standards and takes care of user accounts. Once you do KYC you’ll be able to fully utilize all of Binance’s features.
- Start Trading and Enjoy Benefits: After your account has been verified, you can begin trading with the benefits of your referral code. When you trade on Binance, you have fee discounts and sometimes more: trading bonuses or crypto credits.
Binance Referral Code advantages.
- Fee Discounts: The trump card – as I mentioned above – is the trading fee discount, which is offered in exchange for using a referral code. Binance standard fee is 0.1%, and you get discounts ranging between 25% depending on the referral terms.
- Special Rewards: Binance’s referral program comes sometimes with bonuses in the form of free crypto or an increased deposit bonus. These rewards can really help your first trading experience:
- Earn by Referring Others: In this capacity, you’ll earn a share of the trading fees that your referrals pay. This makes it possible to have passive income simply by inviting others to join Binance,
- Exclusive Offers and Promotions: The referral program is also linked with many special promotions offered by Binance such as lower fees, new users or discounts on further trade purchases.
Why Choose Binance?
Binance doesn’t end at trading, it’s about building a complete user ecosystem. Here are a few reasons why many traders choose Binance:
- Comprehensive Range of Services: Be it spot trading to advanced ones like futures and margin trading, Binance has all you need for you to grow as a trader.
- Low Trading Fees: This makes sure that you retain more of your earnings, as the fees are much more competitive from Binance. Using referral codes, users can also take advantage of additional discounts on their fees, earning some of the lowest fees in the industry.
- High Security and User Experience: A feature to secure funds and prevent hacks has been added to Binance where features include two-factor authentication (2FA), cold storage of deposits, and a Secure Asset Fund for Users (SAFU).
Conclusion
If you’re just getting into trading cryptocurrencies, or you’re switching over to a more user-friendly and feature-rich exchange, Binance should be right at the top of your list. With the use of a referral code, you can experience low trading fees, earn rewards, and make the most out of all that Binance has to offer. Go ahead and start your crypto journey with Binance and don’t forget to try it out using a referral code, for maximum savings and perks. For more crypto trading tips and guides, visit NFT Droppers.
