Binance Referral Program Review 2023

Binance Referral Program is a program offered by the cryptocurrency exchange Binance that allows users to earn rewards by referring their friends or family to the platform.

When a user signs up for Binance using a referral link or code, both the referrer and the new user receive a commission on trading fees. The commission rate varies depending on the referrer’s VIP level and the referred user’s trading volume.

Table of Contents

What is Binance Referral Program?

The referral program is a way for Binance to attract new users to its platform while rewarding its existing users for bringing in new business. It’s also a way for users to earn some extra income by simply sharing their referral link with others.

To sign up for Binance Referral Program and get your referral code, follow these steps:

Create a Binance account: If you don’t have a Binance account, go to the Binance website (www.binance.com) and click on “Register” to create an account. You’ll need to provide your email address, password, and agree to the terms and conditions.
Verify your account: After creating your account, you’ll need to complete the verification process to access all the features of the platform. To do this, click on the “Account” icon and select “Identification” from the dropdown menu. Follow the instructions to verify your identity.
Go to the Binance Referral Program page: Once your account is verified, go to the Binance Referral Program page (www.binance.com/en/usercenter/settings/referral) and click on “Activate Referral Program”.
Get your referral code: On the Referral Program page, you’ll see your unique referral link and code. You can share this link with your friends and family to invite them to sign up for Binance. You can also use the social media icons to share your referral link on social media platforms like Twitter and Facebook.
Start earning rewards: Every time someone signs up for Binance using your referral link and trades on the platform, you’ll earn a commission on their trading fees. You can track your rewards on the Referral Program page.

Note that the commission rate depends on your VIP level and the trading volume of the people you refer. You can earn up to 40% commission on trading fees for each person you refer.

How the Binance Referral Program Work?

The Binance Referral Program is a program that allows you to earn a commission by referring new users to the Binance cryptocurrency exchange. Here’s how it works:

Get your Referral Code: When you sign up for Binance, you’ll receive a unique referral code that you can share with others. You can find your referral code in your account settings.
Share your Referral Code: Share your referral code with friends, family, and followers. When someone signs up for Binance using your referral code, they become your referral.
Earn Commissions: You’ll earn a commission on the trading fees of every person who signs up for Binance using your referral code. The commission rate depends on your VIP level and the trading volume of your referrals.
Track your Earnings: Binance provides a dashboard where you can track your earnings, commission rates, and other metrics related to your referral activity. You can withdraw your earnings at any time.

Note that there are rules and terms that govern the Binance Referral Program, such as eligibility, commission rate, and compliance. Make sure to read and understand the program’s terms and conditions before participating.

How Does the Binance Referral ID Kickback Bonus Program Work?

The Binance Referral ID Kickback Bonus Program is a way for users to earn additional rewards on top of the regular referral program rewards. Here’s how it works:

Obtain a Referral ID: In order to participate in the kickback bonus program, you’ll need to obtain a referral ID from a Binance user who is already participating in the program. You can find referral IDs on social media or forums where users share their referral codes.
Enter the Referral ID: Once you have a referral ID, enter it when you sign up for Binance. You can do this by clicking on “Register” and entering the referral ID in the “Referral ID (Optional)” field.
Start Trading: After signing up with the referral ID, start trading on Binance. You’ll earn a commission on your trading fees, just like in the regular referral program.
Receive Kickback Bonus: In addition to the regular commission, you’ll also receive a kickback bonus based on the referral ID you used. The bonus is calculated as a percentage of the trading fees paid by the people you refer, up to a maximum of 20%.

For example, if you use a referral ID that offers a 10% kickback bonus and you refer someone who pays $100 in trading fees, you’ll earn $10 in commission and an additional $2 in kickback bonus (10% of $20).

Note that the kickback bonus program is optional and only applies to certain referral IDs. Make sure to check with the person who gave you the referral ID to see if they’re offering a kickback bonus. Also, keep in mind that the commission rate and kickback bonus may vary depending on the referral ID used.

Binance Referral & Affiliate Programs Commission Structure

The commission structure for Binance Referral Program and Affiliate Program is as follows:

Binance Referral Program

The referrer earns a commission on the trading fees of the referred user.
The commission rate depends on the referrer’s VIP level and the referred user’s trading volume.
The commission rate starts at 20% for Level 1 referrals (users directly referred by the referrer) and decreases for Level 2 and Level 3 referrals (users referred by the referrer’s Level 1 referrals).
The commission rate can go up to 40% for Level 1 referrals if the referrer has a high VIP level and the referred user has a high trading volume.

Binance Referral Program Rules

Here are some important rules to keep in mind for the Binance Referral Program:

Eligibility: To participate in the Binance Referral Program, you must be a verified Binance user and at least 18 years of age. You cannot refer yourself or create fake accounts to refer.
Referral Code: When referring new users to Binance, you must provide them with your unique referral code. You cannot use another user’s referral code without their permission.
Commission Rate: The commission rate for the Binance Referral Program varies based on your VIP level and the trading volume of the users you’ve referred. You can check your commission rate in your Binance account settings.
Payment: The commission earned from the Referral Program is paid in real-time to your Binance account. You can withdraw your commission at any time.
Fraudulent Activity: Binance strictly prohibits any fraudulent activity, such as creating fake accounts or engaging in wash trading, to earn commissions from the Referral Program. If any fraudulent activity is detected, Binance reserves the right to withhold commissions and take other disciplinary action.
Changes: Binance reserves the right to change the commission rate and Referral Program rules at any time without prior notice. Any changes will be reflected in the Binance Referral Program terms and conditions.
Compliance: As a Binance Referral Program participant, you must comply with all applicable laws and regulations related to promoting Binance and the Referral Program.

Make sure to read and understand the Binance Referral Program terms and conditions before participating in the program.

Binance Affiliate Program

The affiliate earns a commission on the trading fees of all users who sign up for Binance through their affiliate link.
The commission rate depends on the affiliate’s VIP level and the total trading volume of the users they’ve referred.
The commission rate starts at 20% for new affiliates and can go up to 50% for high-volume affiliates with a VIP 9 level.
The commission is paid in real-time and can be withdrawn at any time.

Both the Referral Program and Affiliate Program offer generous commission rates and can be a great way for users to earn passive income. However, it’s important to note that the commission rates may vary and are subject to change based on Binance’s policies.

Binance Affiliate Program Rules

Here are some important rules to keep in mind for the Binance Affiliate Program:

Eligibility: To participate in the Binance Affiliate Program, you must be a verified Binance user and at least 18 years of age. You cannot refer yourself or create fake accounts to refer.
Affiliate Link: When referring new users to Binance, you must provide them with your unique affiliate link. You cannot use another user’s affiliate link without their permission.
Commission Rate: The commission rate for the Binance Affiliate Program varies based on your VIP level and the trading volume of the users you’ve referred. You can check your commission rate in your Binance account settings.
Payment: The commission earned from the Affiliate Program is paid in real-time to your Binance account. You can withdraw your commission at any time.
Fraudulent Activity: Binance strictly prohibits any fraudulent activity, such as creating fake accounts or engaging in wash trading, to earn commissions from the Affiliate Program. If any fraudulent activity is detected, Binance reserves the right to withhold commissions and take other disciplinary action.
Compliance: As a Binance Affiliate Program participant, you must comply with all applicable laws and regulations related to promoting Binance and the Affiliate Program.
Changes: Binance reserves the right to change the commission rate and Affiliate Program rules at any time without prior notice. Any changes will be reflected in the Binance Affiliate Program terms and conditions.

Make sure to read and understand the Binance Affiliate Program terms and conditions before participating in the program.

Reasons for Binance Referrals Cancellation

Binance may cancel referrals and withhold referral bonuses for several reasons, including:

Violation of Terms and Conditions: If Binance determines that you’ve violated the terms and conditions of the Referral Program, they may cancel your referrals and withhold referral bonuses.
Fraudulent Activity: Binance strictly prohibits any fraudulent activity, such as creating fake accounts or engaging in wash trading, to earn commissions from the Referral Program. If any fraudulent activity is detected, Binance reserves the right to cancel referrals and withhold referral bonuses.
Suspicious Activity: If Binance detects suspicious activity on your account, such as unusual referral activity, they may investigate and cancel referrals and withhold referral bonuses.
Inactive Accounts: If your account is inactive for a certain period, Binance may cancel your referrals and withhold referral bonuses.
Changes in Program: Binance reserves the right to change the commission rate and Referral Program rules at any time without prior notice. Any changes may affect your referrals and referral bonuses.

It’s important to comply with the terms and conditions of the Binance Referral Program and avoid any fraudulent or suspicious activity to ensure that your referrals and referral bonuses are not canceled.

Binance’s Referral Program: Pros & Cons

Here are some pros and cons of Binance’s Referral Program:

Pros:

Opportunity to Earn Commissions: Binance’s Referral Program offers a way to earn commissions by referring new users to the platform.
Simple and Easy to Use: The Referral Program is easy to use and can be accessed directly from your Binance account dashboard.
Generous Commission Structure: The commission rates are competitive and can be increased by referring more users or reaching higher trading volumes.
No Limits on Referrals: There is no limit to the number of users you can refer, so there is potential to earn significant commissions.
Increased Trading Volume: By referring more users to Binance, you can increase your own trading volume and potentially earn higher VIP levels with reduced trading fees.

Cons:

Risk of Violating Rules: To participate in the Referral Program, you must comply with Binance’s terms and conditions, and any violation of the rules can lead to cancellation of referrals and withholding of referral bonuses.
Potential for Fraud: There is a risk of fraudulent activity, such as creating fake accounts, to earn commissions, which could lead to the cancellation of referrals and withholding of referral bonuses.
Changes to Commission Structure: Binance reserves the right to change the commission structure at any time, which could affect your earnings.
Dependent on Others: Your earnings from the Referral Program are dependent on the trading activity of the users you refer, which may fluctuate and be difficult to predict.

Overall, Binance’s Referral Program offers an opportunity to earn commissions by referring new users to the platform, but it is important to comply with the rules and terms of the program to avoid any potential violations and risks of fraud.

When Will You Receive Your Binance Referral Commissions?

Binance pays referral commissions on a daily basis, which means that you can receive your commissions within 24 hours of the trades being made by the users you referred. The exact timing of the commission payment may vary depending on the trading activity of the referred users and the trading fees generated from their trades.

To receive your referral commissions, you must have a valid Binance account with a verified email address and completed Know Your Customer (KYC) verification. Additionally, you must comply with the terms and conditions of the Referral Program, such as not engaging in any fraudulent activity or violating any rules.

Once you have earned referral commissions, they will be automatically deposited into your Binance account, where you can withdraw them or use them to trade on the platform.

It’s important to note that the commission rates may change at any time, and Binance reserves the right to modify the Referral Program rules and commission structure without prior notice. Therefore, it’s important to stay updated on any changes and comply with the current terms and conditions to receive your referral commissions.

How Can You Check Your Binance Referrals Status?

To check your Binance referral status, follow these steps:

Log in to your Binance account and click on the user icon in the top right corner.
From the dropdown menu, select “Referral” to access the Referral Program dashboard.
Here, you can view your referral link, referral code, and referral history, which shows the number of users you have referred, their trading volume, and your commission earnings.
You can also view your referral rate, which shows the percentage of commission you are earning based on your referral tier and trading volume.
If you have any pending or approved referrals, they will be displayed in the “Referral History” section. You can click on each referral to view more details, such as the referral’s trading volume and commission earned.
You can also view your current referral tier and the requirements to reach the next tier by clicking on the “Referral Rate” tab.

Overall, the Referral Program dashboard provides a comprehensive view of your referral status, including the number of users referred, their trading volume, and your commission earnings. It’s important to check your referral status regularly to ensure that your referrals are active and earning commissions.

How to Customize Your Binance Futures Referral Code?

To customize your Binance Futures Referral Code, you can follow these steps:

Log in to your Binance account and navigate to the Referral Program dashboard.
Click on the “Futures” tab, which will take you to the Binance Futures Referral Program.
Under the “Futures Referral Link” section, you will see your default referral code.
To customize your referral code, click on the “Customize” button next to your code.
Enter your desired custom referral code in the field provided.
Click on the “Check Availability” button to ensure that your custom referral code is available.
If your custom code is available, click on the “Apply” button to save your changes.
Your new custom referral code will be displayed under the “Futures Referral Link” section, and you can share this code with others to earn referral commissions on their trading activity on Binance Futures.

It’s important to note that customizing your referral code is a one-time option, and once you have applied your custom code, you cannot change it again. Therefore, it’s important to choose a custom code that is easy to remember and represents your brand or identity on Binance Futures.

When sharing your Binance Referral ID, it’s important to avoid the following:

Spamming: Don’t send unsolicited messages or emails to people who have not expressed interest in Binance or its products and services. This can be seen as spamming and can be reported as such.
False Promises: Don’t make false promises or guarantees about the Referral Program or Binance’s products and services. Be transparent about the benefits and limitations of the program to avoid misleading people.
Fraudulent Activity: Don’t engage in any fraudulent activity, such as creating fake accounts or manipulating trading volumes, to earn referral commissions. This is strictly prohibited by Binance and can lead to the cancellation of your referrals and withholding of referral bonuses.
Violating the Rules: Don’t violate the terms and conditions of the Referral Program, such as creating multiple accounts or engaging in any other activity that goes against the program rules. This can also lead to the cancellation of referrals and withholding of referral bonuses.
Using Inappropriate Channels: Don’t share your Referral ID on inappropriate channels, such as social media groups or forums that do not allow referral links or have strict rules against promotion. This can lead to your account being flagged or even banned from the platform.

By avoiding these actions, you can ensure that your Referral ID is shared in a legitimate and effective way, which can help you earn more referral commissions and build a positive reputation within the Binance community.

Benefits of Joining Binance

There are several benefits to joining Binance, one of the world’s largest and most popular cryptocurrency exchanges:

Large Selection of Cryptocurrencies: Binance offers a wide variety of cryptocurrencies to trade, including major coins like Bitcoin, Ethereum, and Ripple, as well as smaller altcoins.
Low Trading Fees: Binance has some of the lowest trading fees in the industry, with fees as low as 0.1% for spot trading and 0.5% for futures trading.
Advanced Trading Tools: Binance provides advanced trading tools, including charting, technical analysis, and API access, for traders who want to use more advanced trading strategies.
High Liquidity: Binance has high liquidity, meaning that there are many buyers and sellers on the platform, making it easier to buy and sell cryptocurrencies at the desired price.
Security: Binance has a strong reputation for security, using various security measures such as two-factor authentication, email and SMS alerts, and cold storage for user funds.
Binance Ecosystem: Binance has developed an ecosystem that includes Binance Launchpad for new cryptocurrency launches, Binance Academy for education, Binance Charity for philanthropy, and more.
Referral Program: Binance offers a Referral Program that allows users to earn a commission by referring new users to the platform.

Overall, joining Binance provides access to a wide range of cryptocurrencies, low trading fees, advanced trading tools, high liquidity, and a strong focus on security, as well as a referral program for earning commissions.

Final Thoughts on Binance Referral Program

The Binance Referral Program can be a great way to earn passive income by referring new users to the platform. With a generous commission structure and a wide range of products and services to promote, the program offers many benefits to its participants.

However, it’s important to remember that success in the Referral Program requires effort, consistency, and transparency. By avoiding spammy or fraudulent activities and following the program rules, you can build a strong referral network and earn significant commissions over time.

Overall, the Binance Referral Program can be a valuable addition to your income streams, especially if you are already a user of the Binance platform and are familiar with its products and services. With the right approach and a willingness to learn and adapt, you can leverage the program to achieve your financial goals and build a sustainable online business.