![]() This time, the referrer has the opportunity to choose to share part of their income with the referred person! They could choose to share either 0% (like the old program), 5%, 10%, 15%, or even the full 20% with the referred person. In the new program, something really important changed. As long as they hold 500 BNB in their account, they would get a double referral bonus, and even receive 40% of the trading fees! However, the referrer had one nice extra opportunity. In the old program the referred person would always get nothing, and the full benefit of 20% would go to the referrer. Then, if we use the word ‘referrer’ we mean the person who generated a binance referral code. This is the person using the referral code to sign up and start trading on Binance. When we use ‘referred person’ we mean the person who got referred. It does not store any personal data.First let’s distinguish here between the several parties. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. In our how to trade at Binance tutorial you can see how you open positions and start trading. Then agree to the terms and conditions to complete your registration. ![]() To create an account with Binance you must also provide a valid email address and password. You know when you successfully applied it when you see the message: Your commission kickback rate: 20%. ![]() In the screenshot below you can see where you can enter the Binance ID. Entering the ID is not mandatory and is optional. After that you will no longer be able to fill it in. There is only one option to enter your Referral ID and that is during registration. How do you apply the Binance Referral ID? You can imagine if you trade high volumes that you can save a lot of money on fees. Binance will refund € 0,15 to your account. With our Binance referral ID activated you will get a cashback of 20% of this amount. If you do a single trade of € 1.000, you will pay € 0,75 of fee. So you only pay 0.075% fee over every trade. When you hold Binance Coin you will save 25% on every trade. The standard trading fee on Binance is 0.10% per trade. To learn more about Binance you can read our Binance review. When someone registers via the special link or uses the ID, this user is linked to the owner of the ID. This can be done through a special link, which includes your Referral ID. With this program, anyone can promote Binance and earn cryptocurrency with it. Binance has set up its own partner program to attract potential traders. Whenever you create an account, you can verify the cashback.īy using the Binance Referral ID above you support and you save a lot of money. It is not possible to give a higher discount than 20%. Please note that a lot of websites are promising higher discount codes for Binance, but the 20% cashback is the absolute maximum. When you are already an account holder you can consider to create a new account with our Referral ID. It is only possible to apply the Referral ID code when creating a new account. With our cashback promo, you will get 20% refunded into your Binance account. Binance will give every trader a discount of 25% when they hold Binance Coin. With our Binance Referral ID code you will get a double discount and save a lot of money on fees. So you will get a discount of 45% on trading fees in total. Our 20% lifetime cashback works in combination with the 25% Binance Coin discount. With this ID you receive a 20% cashback on every spot trade and you can combine it with the 25% BNB discount. The Binance Referral ID in March 2023 is: X3K03HWT.
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