Thinking about buying Bitcoin, Ethereum, or other cryptocurrencies? Binance is a popular exchange to do just that. But did you know you can save money on trading fees? Here’s where the Binance referral code comes in.
These codes are like coupons for your crypto trades. By using one when you sign up, you can unlock discounts on fees and extra signup bonuses. In this guide, we’ll explain what the Binance referral code is, its benefits, and how to use it.
Key Takeaways:
- Binance is one of the best crypto exchanges to buy and sell digital assets with many advanced services like leverage trading, staking, Web3 ecosystem, and more.
- The best Binance referral code is “QH6V74V5” to get a $100 USDT signup bonus and a 20% trading fee rebate.
- Binance offers both referral and affiliate programs to content creators or influencers with up to 40% and 50% commission respectively.
What is a Binance Referral Code?
Binance referral code is a unique promo code used to invite others to join the Binance crypto exchange platform. When someone signs up using your referral code, both you and the person who signs up receive rewards.
If you use Binance referral code “QH6V74V5’ while signing up, you will receive a signup bonus of $100 USDT. Additionally, you will enjoy a 20% discount on trading fees for all your transactions on Binance.
Exchange | Binance |
Referral Code | QH6V74V5 |
Sign up Bonus | $100 worth of USDT |
Extra Rewards | Exclusive events and trading competitions |
Trading Fees Rebate | Up to 20% discount |
KYC Mandatory | Yes |
Types of Binance Referral
- Standard Referral: This is the most common type of referral code. It typically offers a fixed signup bonus (like the $100 USDT mentioned earlier) and a discount on trading fees.
- Lite Referral: These codes are tied to specific promotional events Binance runs. They offer unique rewards like the chance to win a small amount of cryptocurrency (like the current offer of 0.003 BTC for free) for both you and your friend. These codes are usually active for a limited time and have specific requirements for participation.
Benefits of Using a Binance Referral Code “QH6V74V5”
Signing up for a Binance account with a referral code “QH6V74V5” unlocks a treasure trove of benefits that can significantly enhance your cryptocurrency trading experience. Let’s delve into the key advantages you gain by using a Binance referral ID “QH6V74V5”:
- Percentage-Based Trading Fees Rebates: One of the most attractive benefits is the reduction in trading fees. By using a Binance referral code “QH6V74V5”, you can potentially enjoy a lifetime discount of up to 20% on every trade you make on the Binance platform. This translates to significant savings, especially for frequent traders. Additionally, you might come bundled with an extra 20 USDT trading fee rebate voucher, further sweetening the deal.
- Signup or Welcome Bonus: Binance provides attractive sign-up bonuses to incentivize new users. By using the referral code “QH6V74V5” during registration, you can become eligible for a 100 USDT welcome bonus. The reward will be distributed in three forms: KYC bonus, deposit bonus, and trading bonus. Completing Know Your Customer (KYC) verification on Binance unlocks a bonus of 20 USDT. You will receive 30 USDT for your first deposit and an extra 50 USDT for your first trade. In total, using an invitation code during signup can potentially grant you up to 100 USDT in bonus funds, giving your crypto trading journey a head start.
- Event-Based Bonuses: Binance frequently runs promotional events offering additional bonuses and rewards. These events can provide cashback vouchers, free crypto giveaways, or other benefits. While the specific offers may change, using a referral code can ensure you’re eligible to participate in these events and potentially earn extra rewards alongside the standard benefits.
How to Use a Binance Referral Code?
Step 1: Create an account using the referral code “QH6V74V5”
Go to the Binance website. Once the homepage loads, locate and click on the “Sign Up” button, usually found in the upper right corner of the screen. You’ll be directed to the registration page. You’ll see fields prompting you to enter your email address and create a password. Input your email address and choose a strong password that you’ll remember easily.
Here comes the crucial step! You’ll find a box labeled “Referral ID (Optional)”. This is where you should enter the referral code “QH6V74V5” to ensure you receive signup bonuses. You can also use our referral link to automatically fill out the code.
After entering the referral code, review the Binance Terms of Service and Privacy Policy, then check the box to confirm your agreement.
Step 2: Verify your identity (KYC)
After successfully creating your account, it’s time to complete the Know Your Customer (KYC) verification process. KYC helps ensure the security and legitimacy of your account by confirming your identity.
To start the KYC process, go to your profile section and click “Account” and choose “Verification”. Binance will guide you through the steps required to verify your identity, which typically include providing personal information and uploading documents such as a government-issued ID (e.g., passport or driver’s license) and proof of address.
Once you’ve submitted all the required information and documents, Binance will review your application. Verification times may vary depending on the volume of requests, but you’ll receive a notification once your account has been successfully verified.
After completing this step, you will receive 20 USDT as a signup bonus.
Step 3: Deposit funds
With your account created and verified, you’re now ready to deposit funds into your Binance account. In the wallet section, you’ll see different options for depositing funds, including cryptocurrencies and fiat currencies. Alternatively, you can also use the “Buy Crypto” section in the menu bar.
Generally, you have 3 options to deposit fiat currency:
- P2P Trading
- Credit/Debit cards
- Instant buy using third-party payment providers
Once you’ve initiated the deposit, it may take some time for the funds to be credited to your Binance wallet, depending on the payment method and processing times.
Now, you will also become eligible for an extra 30 USDT bonus.
Step 4: Start trading
Navigate to the “Markets” section of the Binance website, where you’ll find various trading pairs and markets.
Choose the cryptocurrency you want to trade and select the trading pair you wish to trade it against. For example, if you want to trade Bitcoin for Ethereum, you would select the BTC/ETH trading pair. Or you can use a stablecoin pair like BTC/USDT.
Once you’ve selected the trading pair, you’ll be taken to the trading interface, where you can place buy and sell orders. When placing a trade, you can choose between market orders, limit orders, and other advanced order types. Enter the desired amount and price for your trade, then review and confirm your order.
Thats all! Now you are eligible for another 50 USDT sign-up bonus.
What to Do if the Invitation Code Doesn’t Work?
If you’re trying to use a Binance referral code but it’s not working, there could be a few reasons behind it.
- Only new users allowed: Referral codes are meant to incentivize new users to join Binance. If you already have a Binance account, you won’t be eligible for the referral bonus.
- Only one referral code allowed: Each Binance account can only benefit from one referral code. If you previously entered a different code during signup, the new code won’t work.
- Check typos: These codes are case-sensitive and can be tricky to type accurately. A simple typo could be the reason the code isn’t working.
- Are you eligible: The code might have specific requirements or limitations. For instance, the code could be for new users from a certain region only, or it might have an expiration date.
Binance Referral and Affiliate Program
You can invite friends with the Binance referral program and earn a commission. You just need to create your own referral code and share it with friends and followers.
The key benefit of the program is earning commissions on the trades your referrals make. Binance offers commissions on various trading activities on its platform, including spot trading, futures trading, and even participation in Binance Pool (their crypto staking service). This means you can potentially earn a steady stream of income as long as your referrals continue to trade on Binance.
Note: Currently, you can earn up to 40% commission as a standard referral and 50% commission as an affiliate member.
Here are some conditions and extra benefits you will receive as an affiliate partner:
Minimum Requirements | 5000+ followers on social media or 500+ members in a trading community |
Spot Commission | Up to 50% |
Futures Commission | 30% |
Binance Pool Commission | 30% |
Bonus Package | Share up to a $600 new user sign-up bonus package with your community |
The Binance referral and affiliate program goes beyond just commissions. Binance provides its affiliates with a range of resources to help them promote the platform. This includes marketing materials, tutorials, and even access to a dedicated account manager who can offer guidance and support.
For content creators who actively promote Binance through high-quality content like videos or articles, there’s an exclusive content program. This program allows creators to earn additional bonuses of up to 3,000 BUSD per month. You can also earn up to an extra $72,000 bonus based on your referrals futures trading fees and volume.
About Binance Exchange
Founded in 2017, Binance is the world’s largest cryptocurrency exchange by trading volume. It has a huge selection of over 380 coins and tokens, including popular ones like BTC, ETH, and SOL, and many lesser-known ones. This gives users a lot of choices when it comes to investing in digital assets. Here are the services offered by Binance:
- Spot and Futures Trading: The spot trading is a basic form of trading cryptocurrencies, whereas futures trading is a more advanced service with up to 125x leverage. You will find different types like USD-M and Coin-M futures contracts.
- Margin Trading: This means borrowing funds from the exchange to amplify your trading position. On Binance, you can borrow up to 5 times your initial collateral.
- Staking & Earn: This service lets users earn interest on their cryptocurrency holdings. Different cryptocurrencies offer varying interest rates. Binance has both fixed and flexible staking options.
- P2P Trading: This stands for peer-to-peer trading and allows users to trade cryptocurrencies to fiat currencies directly with each other. Binance acts as a middleman and ensures a secure trading environment using an escrow security system. Here, you will find 100+ fiat currencies and 800+ payment methods.
- NFT Marketplace: Non-fungible tokens (NFTs) are digital assets that represent ownership of unique items. Binance’s NFT marketplace allows users to buy, sell, and trade NFTs. This can be a great place to find rare digital collectibles or artwork. It is powered by the BNB chain.
- Binance Visa Card: The card allows users to spend their cryptocurrencies directly at millions of merchants around the world.
- Binance Charity: This is a philanthropic arm of Binance that supports various charitable causes around the world.
And many more!
Related Article: OKX Review: Is this crypto exchange safe?
Binance Fees and BNB Discounts
Binance charges fees for various trading activities. For spot trading, it charges 0.1% maker/taker fees. The higher your trading volume (total amount bought/sold within a 30-day period), the lower your fees become.
Binance rewards active users with VIP statuses. VIPs enjoy progressively lower trading fees compared to regular users. There are different ways to qualify for VIP status, such as high trading volume or holding a certain amount of Binance Coin (BNB).
User Level | 30-Day Volume | BNB Holdings | Maker/Taker |
Regular User | – | – | 0.1%/0.1% |
VIP 1 | ≥ 10,00,000 USD | ≥ 25 BNB | 0.09%/0.1% |
VIP 2 | ≥ 50,00,000 USD | ≥ 100 BNB | 0.08%/0.1% |
VIP 3 | ≥ 2,00,00,000 USD | ≥ 250 BNB | 0.042%/0.06% |
Binance also offers a 25% discount on trading fees if you choose to pay them using BNB. You can also get a 20% discount if you use our referral code “QH6V74V5”.
For futures trading, Binance charges 0.02% maker and 0.06% maker fees. Check the full fee structure here.
Is Binance Safe & Legit?
Binance is a generally well-regarded cryptocurrency exchange with a strong reputation for security. They implement a number of measures to safeguard user assets, including storing the vast majority of funds in offline “cold storage” wallets. This significantly reduces the risk of theft from hackers.
Additionally, Binance has a Secure Asset Fund for Users (SAFU), an insurance fund that could potentially reimburse users in the event of a major security breach. The exchange also acquires major licenses:
- Binance France SAS has been granted registration as a Digital Asset Service Provider (DASP).
- Binance Italy S.R.L. has been granted a Digital Asset Service Provider (DASP) registration by the Organismo Agenti e Mediatori (OAM).
- Bifinity UAB (formerly called Binance UAB) has been granted a Virtual Asset Service Provider (VASP) registration by the Registry of Legal Entities of the Republic of Lithuania.
- Binance Spain has been granted registration as a Virtual Asset Services Provider by the Bank of Spain.
And many more licenses across the world. Check the full licenses list.
Conclusion
In conclusion, using the Binance referral code “QH6V74V5” brings a world of benefits to your cryptocurrency journey. With this code, you unlock exciting rewards like a $100 USDT signup bonus, up to 20% discount on trading fees, and access to exclusive events.
By following simple steps, you can maximize your gains and enjoy seamless trading on one of the world’s largest cryptocurrency exchanges. So why wait? Join Binance today with code “QH6V74V5” and begin your cryptocurrency journey with an advantage.
FAQs
Is it safe to use a Binance invite code?
Yes, using a Binance invite code during signing up is 100% safe. However, they can be lying to you about bonuses and fee rebates. So, only use referral codes obtained from trusted sources.
What is the Binance futures referral code?
A Binance futures referral code is a code that gives you a discount on trading fees and other benefits when you sign up for a Binance Futures account. If you use a code “QH6V74V5” during signup, you can get up to a 20% discount on futures fees, plus extra futures trading coupons, although these can’t be withdrawn, but profits can be.
How do I get a referral code for Binance?
There are a few ways to get a Binance referral code. If you know someone like a friend or family who already uses Binance, they can easily share their invite code with you. You can also find referral codes shared by existing users on various platforms, including Google search, social media, forums, and community groups.
The Binance website also offers a dedicated referral program section. Here, you can generate your own unique referral code to share with others. Binance also occasionally offers new referral codes as part of promotions or through partnerships. Keep an eye on their official channels for these opportunities.
Can I use multiple Binance referral codes?
No, you cannot use multiple referral codes during your Binance account registration. The system will only recognize the first code used during signup. However, there are ways to maximize your benefits. When presented with multiple codes, select the one offering the benefits most relevant to your trading style. This could be a code with the highest discount on trading fees or the one with the most attractive sign-up bonus.
What is the 20% fee discount referral code for Binance?
The 20% fee discount referral code for Binance is “QH6V74V5”. This discount applies to the standard trading fees associated with buying and selling cryptocurrencies on the Binance platform.
However, if you use different code other than ours “QH6V74V5”. It’s important to note that not all referral codes offer a 20% discount. The specific percentage may vary depending on the code itself. Binance has a tiered fee structure based on your 30-day trading volume. The referral code discount applies on top of this existing structure. Some referral codes with a 20% discount may have a limited validity period also.
Can I use a referral code to get a discount on margin trading fees?
No, referral codes offer discounts on standard spot trading fees, they typically do not apply to margin trading fees. Margin trading carries variable interest rates and has a separate fee structure.
What is the validity of the Binance referral code?
The validity of a Binance referral code may vary depending on the promotion or campaign associated with it. Some referral codes may have a specific expiration date (like lite referral code), after which they can no longer be used to claim rewards or benefits. Others may have indefinite validity (like standard referral code “QH6V74V5”), allowing users to use them at any time to receive associated bonuses or discounts.
How to get a 100 USDT Bonus on Binance?
Binance often offers sign-up bonuses in stages. Completing KYC verification grants you 20 USDT, while making a first deposit could unlock another 30 USDT. Finally, completing your first trade could result in a 50 USDT bonus. Combining these stages can reach the 100 USDT mark.
