Binance Bonus Programs and Referral Codes
Binance is one of the best crypto exchanges that’s equally friendly for beginners and veterans. Besides offering a secure and versatile source to invest in cryptocurrencies, Binance also offers referral bonuses, sign up bonuses, and other promotions to keep traders satisfied.
Which Binance bonus can you get? How can you use it? You’ll find the answers to your questions in this guide.
Start trading crypto right now with Binance!Does Binance Offer Bonuses?
Binance offers different promotions and referral programs that traders can use. For example, some bonuses let you earn commissions on trades, while others give you a flat amount of money to spend.
Binance Referral Bonus
The Binance Referral bonus is available for traders who refer their friends and family to the platform. You can earn up to 40% commission for every trade across Pool, Binance Spot, and Futures.
All you have to do is share your Binance referral code or referral link with friends or on your social media accounts. Then, when people use your Binance referral code or link to sign up on the platform and start trading, you earn commissions on their trades.
Binance Sign Up Bonus
The Binance Sign Up bonus is available for traders once they sign up. You will be given a list of tasks to complete within seven days of opening your account. Once you complete these tasks, you will be eligible for the bonus.
Other Bonuses
Apart from these bonuses, Binance also has limited-time offers for new traders. For instance, when Binance added Bitcoin Cross Collateral to Binance Futures, the platform held a giveaway of 50,000 USDT.
The crypto was given a welcome bonus to traders on a first-come, first-served basis. Traders had to enter the giveaway by completing their first Bitcoin trade by a specific time. You should keep an eye on the Binance promotion page to learn about any ongoing or upcoming giveaways.
How to Get Binance Sign Up Bonus?
The Binance sign up bonus is only offered to traders referred to the platform by an affiliate registered with Binance’s campaign. Here’s how the bonus is split up:
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You get a $5 cash voucher when you make a P2P or fiat deposit of $50 or more the first time.
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When you make a $50 or more crypto deposit within five days of opening your account, you get a $50 spot cashback voucher.
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You get a $45 spot cashback voucher after making a crypto trade worth $100 or more on Binance Spot for the first time.
If you are referred by an affiliate that’s a part of this campaign, you can get the Binance sign up bonus in just a few steps. Here’s how:
Binance Welcome offer
Step 1: Open an Account
You can open an account by clicking on the Register button on the website. You need the referral ID of the affiliate to be eligible for the bonus.
Step 2: Verify Your Identity
Next, you have to verify your identity on Binance. The process typically takes a few minutes. Finally, you have to verify your account information and show some ID documentation to ensure your account’s security.
If you complete the advanced or intermediate identity verification levels, you can trade with a higher limit on Binance. But you don’t necessarily have to meet these levels to be eligible for the bonus.
Step 3: Complete the Tasks
As mentioned above, you have to do the three tasks specified by Binance to get the sign up bonus. You will see the instructions for these tasks on your Task Center.
Task Center
Step 4: Claim Rewards
After you’ve completed the tasks, go to the Reward Center. You will see the value of your voucher along with its expiry date and the products it is eligible for.
Binance Referral Program
The Binance referral program lets you invite friends to the platform. When doing this, you can select the referral commission you wish to share with your friends. After that, you give your referral QR code or link to your friend.
They’ll make an account on Binance using that link and start trading. When they make trades, you get a commission. Suppose you invite your friend with a Spot referral link.
You will now receive a referral commission on your friend’s trading fees when they trade on a Binance Futures, Margin, or Spot market. However, you must have a Futures account to receive a commission on your friend’s futures trading fees. If you don’t have this account, you’ll only receive a commission on their Spot trading fees. If you want to know about other ways how to make money on Binance, read the Traders Union article
Binance Referral Codes
Binance referral code is a code that allows you to earn a commission when you refer a friend to Binance. When your friend uses your referral code to sign up for a Binance account, they will get a discount on trading fees, and you will earn a commission. The amount of the commission depends on the country that your friend is from. Here’s how to get a Binance referral code:
How to get a Binance referral code
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Log in to your account.
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In the top right corner, click on Referral.
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You will see the option to generate a link.
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Use this QR code or link to refer to your friends. Make sure your friends use the code to register on Binance.
You can share your Binance referral code on social media platforms like Facebook, Twitter, and Instagram. You can also share it on forums and other online communities. The more people use your code, the greater your rewards will be.
How to generate referral link
How to Get Extra Cashback for Trading With Binance
If you want to lower the costs of trading cryptocurrency on Binance, you can use the Traders Union rebate service. Start by registering on the Traders Union website. Then, use the TU affiliate link to open an account on Binance. When you make any trades using this account, you’ll get a certain amount of your commission fees back.
Binance pays 20% of the commission to TU for every completed transaction. Therefore, you will receive 80% of this.
For instance, if Binance charges $20 as a commission fee for every transaction on the platform, TU will get $4 back from Binance as per its partnership. You will get 80% of this as a rebate, equating to $3.2.
FAQs
Who Is Eligible for the $100 Sign Up Bonus on Binance?
Traders who use the link of an affiliate registered with the Sign up bonus campaign will qualify for this bonus. After signing up, the trader will have to complete three tasks in the Task Center. You will receive a voucher after completing every task. The voucher will appear in the Rewards Center, where you can see additional details.
How Do I Go to the Task Center?
Log in to your account and click on the Task Center from the drop-down menu. You can also find the option for it on your dashboard. If you’re using the Binance app, you have to go to Account and select More from the menu. Then, choose the Task Center to see your tasks.
How to Redeem My Voucher?
Go to the Rewards Center in your account or on your dashboard. You will see the vouchers in the Rewards Center and how you can use them.
How Can I Use the Bonus?
You can use the bonus to trade cryptocurrency on the platform. Alternatively, the sign up bonus can also be used on different Binance products, such as the exchange, academy, broker, charity, cloud, DEX, and VIP services. Check the Rewards Center to determine which of the products you can use the voucher on.
What is Spot Trading?
Spot trading means buying and selling a security for immediate delivery. The last trade on the exchange determines the price. You make a trade, and it is executed at the current market price. There are two types of spot trading: buying and selling. You agree to purchase the security at the current market price when you buy. When you sell, you agree to sell the security at the current market price.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.