Frequently Asked Questions
Where can I Find My Binance Referral Code?
You can find your Binance Referral Code in your 'Account' section. Once you locate the 'My referral ID' sub-section you can easily proceed to create your referral code, adjust the kickback amount that you want and all the other relevant settings and options.
When and how are payments made from one’s Referrals on the Binance program?
Binance Referrals payments are made every hour, since Binance calculates them in real-time. All referral earnings are paid in the same coin that was traded by the person using your referral link and payments are made in your Binance wallet for the relevant cryptocurrency.
How Much Discount Can I Get with a Binance Referral Code?
The percentage discount you can get with a Binance Referral Code ranges from 0% to 20% depending on how much your referrer decided to share with you.
How Long Is the 20% Discount on Binance Valid for?
Once you satisfy the conditions to be eligible for a 20% discount on Binance trading fees and you apply the code correctly, the discount has no expiration and is valid for ever.
How Can I Increase my Commission from Binance's Referral Program?
It is possible to increase your commission percentage from the Binance Referral Program either by holding over 500 BNB in your account, or by satisfying the conditions set out to make you qualify for the Affiliate program, which offers a greater commission.
What is the Daily Average BNB?
The daily average BNB denotes the average amount of BNB held in each account each day. In order to be eligible for the full commission amount, you should hold at least 500 BNB in your account at all times, since Binance performs random checks to ensure this amount is available. Therefore, ensure that you always hold at least 500 BNB in your account to fully benefit from the commission.
Besides the affiliate program, Binance also offers a referral program, which is equally potentially lucrative since it pays up to 40% in commission. Moreover, you can share your commission in the form of a discount for each person you refer.
Sharing your commission with your friends is made possible through the sharing of your referral ID and handing out a referral code, which they can use when signing up. By using this code, they are entitled to a discount on their trading fees, which lasts for life, while you also permanently earn a portion of their trading fees, in the form of a “referral ID kickback bonus”.
When you join the referrals program you get at least 20% commission that you can share with your friends and anyone else you choose to refer, while also being able to choose the kickback amount you will be receiving when they actually use your referral code. Moreover, if you hold 500 BNB or more in your account you can get a 40% commission to share, instead of only 20%. Clearly, Binance has adopted this approach in order to incentivize the use of its own crypto BNB. Besides being entitled to the 40% commission when you hold more than 500 BNB, if you choose to trade using BNB you will be entitled to save an additional 25% off your trading fees.
The Commission Structure of the Binance Referral Program
The commission structure of the Binance referrals program is based on two factors, first your daily average balance of BNB and second how much of your commission you want to share with your friends.
If your daily average BNB account balance is less than 500 BNB, this entitles you to a base commission of 20% and you can choose to share 0%, 5%, or 10% with the people you invite and share your code with.
If your daily average BNB account balance is less than 500 BNB, then your base commission entitlement is 40% and you can choose to share 0%, 5%, 10%, 15%, or 20% with others.