Why You Should Sign Up for Binance with a Referral Code

There is one important thing you should know before signing up for the Binance exchange: entering the correct referral code or ID. If you enter the referral code ABV8BWDG when you sign up, you can get a 20% discount on fees plus up to $600 in bonus rewards.

What is a referral code?

A Binance referral code is a recommender code or invitation code. Its official name on the exchange is 'Referral ID'. By using a specific referral code, you can get fee discounts and bonus rewards when you sign up for Binance.

Which referral code should I enter?

If you're planning to sign up for Binance, enter the referral code below to get a 20% discount on spot trading fees and a 10% discount on futures trading fees.

How can I check whether it's applied and what discount I get?

So how can you check that the referral code was applied correctly and exactly how much of a discount you're getting? Simply look at the message shown on the 'Referral ID' input screen, as below.

Interpreting the image above, the message says that "the Referral ID 'ABV8BWDG' has been entered, and a 20% commission rebate will be applied."

In other words, the 20% fee discount is applied as a rebate. This means you first pay the full fee, and then an amount equal to 20% of it is refunded back to your account.

What is the $600 bonus reward?

Binance is running a $600 bonus event for new users who have signed up and completed KYC verification. If you complete the missions below within the stated periods, you can receive free bonus rewards in the form of vouchers.

Why should you sign up with a referral code?

Signing up with a referral code has the advantage of giving you an easy discount on Binance trading fees. For example, the standard Binance spot trading fee is 0.1%. If you buy and sell once each, you pay a total of 0.2% in fees.

If you trade 1 bitcoin, applying a 0.2% fee means you pay roughly $100 in fees. But with an account that has a referral code applied, $20 of that is discounted.

In other words, you keep getting that $20 discount. Since Binance spot fees are discounted for life, it's important to sign up with the right code from the very start.

In addition, new users can receive bonus rewards by completing missions such as KYC, depositing, and trading. So if you're creating a new Binance account, there's no reason not to sign up with a referral code.

• Sign up for Binance (20% discount): https://accounts.binance.info/register?ref=ABV8BWDG

Bitcoin Exchange | Cryptocurrency Exchange | BinanceBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volumeaccounts.binance.info ↗

Is there anything I should watch out for?

A Binance referral code has the advantage that simply entering it when you sign up gets you fee discounts and bonus rewards. However, there are a few things to watch out for when using a referral code.

First, self-referral. Self-referral is an attempt to register additional accounts using your own referral code to get bigger fee discounts. Some exchanges allow self-referral, but it is prohibited on Binance. If you're caught self-referring, your benefits may be stopped or your account may be suspended, so be careful.

Also, every referral code has a different discount rate. There are codes ranging from 0%, which gives no fee discount at all, up to 20%, which gives the maximum discount. So when you sign up, it's a good idea to enter the correct referral code and carefully check that you're getting the maximum discount.

Wrapping up

A Binance referral code can only be entered once, when you sign up. If you signed up with the right referral code, you can save on fees and enjoy a variety of benefits. In particular, if you trade a lot or are interested in bonus rewards, it's a good idea to read this post carefully and create a new account.