Binance Referral Income Structure and How to Do It (How to Make Money)

With the referral fees earned by streamers (BJs) such as Park Hodu and Kang Eun-ho becoming a hot topic, many people are interested in generating referral income on platforms like Binance. In this post, I'll explain the Binance referral income structure along with how to make money through referrals.

Binance Referral Structure Explained

On Binance, you can earn up to 40% in referral commission through trading. Referral income can be earned from both spot and futures.

The Binance referral structure works like this: when you invite a new user to sign up with your referral ID or code, a portion of the trading fees that user pays is shared among Binance, the inviter, and the invitee.

Below is the Binance referral ranking. You can see that the top 10 referral inviters take home anywhere from at least 1 BTC up to about 10 BTC. Converted to Korean won, that's an enormous amount of money, ranging from KRW 30 million to KRW 300 million.

How to Make Money with Binance Referrals

The basic way to earn money through referrals is to bring in more users. You might be unsure how to go about inviting friends. You can run your own blog or share the media materials Binance provides on social media.

First, before applying the promotion methods below, you need to sign up for Binance and create your own referral code. If you don't have an account or aren't sure how to do this, please check the following posts first.

BinanceHow to Sign Up for Binance and Get a Lifetime 20% Fee Discount4 min read TutorialsHow to Create and Use a Binance Referral Code2 min read

Now, here are a few tips for earning more money with Binance referrals.

1. Share Official Image Banners (QR Code)

Did you know that Binance provides a variety of materials for promoting referrals? A single good image is more effective than text.

Go to the Binance website and navigate to [Profile] - [Referral] - [General Referral], where you'll find an [Invite Friends] button. Click it, and you can download images like the one below for free. Share them on social media.

On the right side of the image is a QR code with your referral code embedded, so scanning it lets people sign up for Binance more quickly.

2. Increase Your Referral Kickback Rate

On Binance, you can set a referral kickback rate from 0% to 20%. A referral kickback means refunding a certain percentage of the fees a trader pays back to them. The higher this rate, the more the trader benefits.

In other words, from a trader's point of view, they'd want to find and sign up with a referral code that refunds more of their fees, right? Occasionally you'll see people advertising a 40% referral kickback, but that's an impossible figure and a scam. Since 20% is the maximum, setting it to that rate and promoting honestly is the secret to lasting success.

3. Add Your Referral Link to Your Social Media Accounts

These days, blogs, Instagram, Twitter, and others offer a feature for inserting links that lead to other media. If you run a social media account, inserting your Binance referral link there is another option. This is an indirect promotion method. If you have a site that normally gets a lot of traffic, it can be a great way to bring in referrals.

4. Promote Your Referral Along with the Latest News

You can also promote your referral link or QR code image while sharing the latest news about Bitcoin and cryptocurrency. This way, you can attract sign-ups from people who are interested in the field but don't have a Binance account yet.

Things to Watch Out for with Binance Referral Sign-Ups

If you want to generate referral income on Binance, there's something to keep in mind at sign-up. The invited person must sign up for Binance using the correct Referral ID. So before promoting, make sure your ID and code are correct.

For spot and futures referrals, entering one automatically applies the other. So you can simply focus on whichever area is your main strength.

If you engage in so-called self-referrals or paid promotion, all of your referral income will be confiscated. So even if it takes time, you should work hard to attract new referral users the honest way.

Final Summary

If you run your own channel, such as a blog, Twitter, or YouTube, you can generate more income by promoting your Binance referral. Referrals are basically structured so that the more people you invite, the more you earn, and you can use the promotional materials provided on the official Binance website to guide people through signing up and invite new users.