Trading in the cryptocurrency can be expensive sometimes. So when you get the option of applying the Binance Referral Code you should use it. Applying this can help you to earn a lot of money.
Binance is one of the cheapest exchanges which are providing these facilities. But it does charges transaction fee. These fee structures are very low but due to the volatile nature sometimes these fee structure gets expensive.
Binance Referral Code
Binance has launched a new system or policy which is binance referral program. In this, you can apply reference code and can get up to 50% as his or her trading fees as the commission. So if you get a chance to apply any coupon or anything which can be used to get the discount or commission then you should not miss that chance.
Here are some of the basic points which can shed some information regarding this program.
- This is effective since 19/05/2018 to be used.
- The commission you will be receiving for the initial stages is up to 20% rate. But this can increase up to 40% for the accounts who are holding more than 500 BNB.
- If you are thinking that there is a limit to the reference program then you are wrong as you can refer to as many people you like. Although the binance can change or adjust the rules for the reference program any time.
- The commission you will be getting is instantly deposited in your account and will be paid in the form of the cryptocurrency you like.
- For the commission, you must be signed up through your QR code or referral ID.
- Binance will check for the duplicate or fake accounts. If it is found to be any of this then you will not be getting the referral money. You will be automatically disqualified.
How to join the Referral Program?
If you are an old user of the website then you should take the benefit from it by referring to the friends and the knowns. So if you are interested in any of this then you can follow these simple steps:
- Go to the binance website.
- Click on the “Binance Referral Program”.
- Once you enter the event page, log in or register your account.
- Now you can share the referral program with your friends or any known person using the QR code, Referrer ID or Referral link.
- Once that person starts trading on the website you will be getting the 20% of the trading fee as the commission. You will be getting it for the first month of the program.
If you are not able to find the referral program on your application then you should update it as soon as possible and take the benefits.
From the article Binance Referral Code, you have got the basic idea about the program. Now you have found another way to make the profit from the cryptocurrency world.