As the world of cryptocurrency continues to advance, institutions such as Binance have made it easier for the mainstream to join and be participants of the growing crypto-economy. Binance is a well-known digital asset exchange platform that has made its name in the cryptocurrency market through its intuitive user interface, low fees, and wide variety of tradable digital assets.
If you’re new to Binance, using a Binance referral code can give you a lot of benefits including trading fee discounts and gifts.
This article will provide you with a detailed guide on how to use a Binance referral code and also address some related issues.
What is a Binance Referral Code?
A Binance referral code is a unique code that is given to every Binance user. The primary function of this code is to attract new users to the platform by incentivizing them with rewards such as discounted trading fees and other incentivizes.
How to Get a Binance Referral Code?
To get a Binance referral code, you need to sign up first. Once you’re a verified user, you can get your unique referral code. This code can be accessed on the Binance Referral Program page where you can share the link with friends through social media or email.
Steps to Use a Binance Referral Code
Here are the simple steps that you need to follow in using a Binance Referral Code:
Step 1: Go to the Binance website or install the Binance app from the Apple store or Google Play store.
Step 2: Click Signup/Registration, which is located at the top right of the homepage.
Step 3: Fill the registration form with your email and password details or use your Google account, then click “Create account.” Step 4: You will receive a verification link via email. Click the link, and you will be redirected to the Binance website.
Step 5: Select your location, and then read and agree to the Terms of Use.
Step 6: Once your account is set up, log in to your Binance account.
Step 7: Verify your identity by providing the necessary documents required by Binance, such as passport or government-issued ID.
Step 8: After you have been verified, go to the Binance Referral Program page by clicking on the icon located on the right-hand corner of the screen.
Step 9: On the referral page, you will see your referral code, which you can share with your friends and family.
Step 10: Once your friend or family member signs up through your referral code, you’ll receive a percentage of their trading fees as a reward.
Benefits of Using a Binance Referral Code
Using a Binance referral code provides lots of benefits, not only to the new user but to the existing users. Here are some notable advantages: Discounted Trading Fees: You’ll receive a reduction in trading fees as a new user for a specified period. The enticing bonus makes it convenient for you to trade on Binance with low fees.
Referral Rewards: You stand a chance to earn a commission based on your referrals and your friend’s trading fees.
Access to New Cryptocurrencies: Being part of the Binance ecosystem means you have access to exciting new altcoins that are added frequently to the platform.
Conclusion
In conclusion, using a Binance referral code is a great way to start your crypto trading journey on this platform. Alongside the incentives mentioned above, you can also enjoy a wide range of features that will enable you to trade with ease. Also, remember to compare fees and features of other exchanges out there to select the best one that suits your trading requirements.
