Binance Referral Code

What is a Binance Referral Code?

A Binance Referral Code is a unique alphanumeric code provided by Binance to incentivize new user onboarding. When a new user registers with this code, the referrer and the invitee benefit from rewards such as reduced trading fees and other promotional bonuses.

For instance, entering the referral code TCT04ZPC during registration grants a 20% rebate on spot trading fees, directly credited to your account. This can significantly reduce your trading costs over time.

This referral system boosts Binance’s growth by motivating current users to bring in new ones. Users can create and share their codes via their Binance accounts, allowing them to monitor referrals and rewards. This method capitalizes on user recommendations to broaden Binance’s user base.

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Binance Futures Referral Code

A Binance Futures Referral Code is a unique code used specifically for futures trading on the Binance platform. Regulatory constraints require Binance to separate its futures referral program from its spot trading program, necessitating different codes for fee discounts.

For instance, using the referral code 39505645 on Binance for futures trading grants a 5% kickback on trading fees. Binance limits the kickback on futures because it generates most of its revenue. This system encourages futures trading participation while complying with regulations.

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How to Use a Binance Referral Code

To maximize your benefits on Binance, start by deciding whether you want to trade spot (regular trading) or derivatives (futures trading). Follow these steps to use the referral code and receive respective benefits:

1. Select Trading Type: Determine whether you want to trade spot or derivatives. Use TCT04ZPC for spot trading or 39505645 for futures trading.
2. Sign Up for a Binance Account: Visit the Binance website or app and click "Register" to create a new account.
3. Enter the Referral Code: During registration, enter the relevant referral code in the "Referral ID (Optional)" field.
4. Complete the Registration: Fill out your email address and password. Agree to the terms of service and click "Create Account."
5. Verify Your Email: Binance will send a verification email. Click the link in the email to verify your account.
6. Start Trading: Once verified, start trading on Binance. The referral code will automatically apply discounts or rewards.
7. Monitor Your Rewards: Track rewards and discounts in your Binance account dashboard.

Following these steps, you can use a Binance referral code to receive trading fee discounts and other rewards.

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Binance Referral Code vs Affiliate Program

A Binance Referral Code is a unique code users share to invite others to join Binance, offering both the referrer and the new user rewards like trading fee discounts. This system is straightforward, designed for individual users to earn benefits through their personal networks.

In contrast, the Binance Affiliate Program targets influencers, content creators, and businesses, providing higher commission rates and more robust tracking tools. Affiliates earn a percentage of trading fees from referred users, with potential for long-term passive income, but must meet specific criteria and apply to join the program.

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About Binance

Binance, founded by Changpeng Zhao (CZ), is the largest cryptocurrency exchange by trading volume and a leading blockchain ecosystem. Supporting over 205 million users, Binance offers a wide range of products, including spot trading, futures, staking, research, and education. The platform is known for its robust security, regulatory compliance, and user-centric services, processing an average daily volume of $100 billion and 400 billion spot transactions.

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Bottom Line

Using Binance referral codes for spot and futures trading allows users to earn rewards such as trading fee discounts, benefiting both the referrer and the new user. The referral code system is straightforward and ideal for individual users seeking to reduce their trading costs.

By understanding and effectively using these referral codes, users can maximize their benefits on the Binance platform.