#Binance referral program 2018 code#
In this post, we will tell you everything you need to know about the Binance Referral Code and how it can be used for getting a discount on trading fees. We understand that there is no way you can avoid this fee altogether, but there is definitely one proven and tested method that works wonders when it comes to saving a few bucks on transactions. Well, what if shared with you a way you can get a discount on the Binance trading fee? Get the best Binance bonus with this referral code If you have been trading cryptocurrency on Binance, you must already be familiar with the Binance fee you have to pay for each transaction. Secondly, your comission rate depends on the amount of BNB you hold as noted in Program Details above.I hope this clears out all of your questions.The best way to make money with crypto trading is by using the Binance Exchange as it’s one of the best crypto exchanges. Duplicate or shared finances will result in disqualification.īinance reserves the right to change the terms of the referral program at any time due to changing market conditions, risk of fraud, or any other factors we deem relevant. There is no limit to the number of friends you can refer, although we do reserve the right to adjust or change the referral program rules at any time.Įach referee must be signed up through your Referral Link, QR Code or Referral ID.īinance will check for duplicate or fake accounts and will not pay out referral bonuses on these accounts. The fee commission will be sent instantly in real-time to your Binance account as your referee completes each trade and will be paid to you in whatever token/cryptocurrency the original fee was paid in. For accounts holding 500BNB or more, this rate will increase to 40%. The commission you receive from the referral program will initially be set at a rate of 20%. Is this if you refer more people that you receive a higher percentage of rewards?ĮDIT: when you pay fees with BNB, is the price of BNB based on the most recent trade that was made? The website calls this "Market Value" I believe.įirst of all, where did you found an ainformation that comission is paid after 30 days?
It says you can earn up to 40% in the advertisement. I doubt they did this, but it is relatively unclear how the policy works.Īlso, after double checking, I see that my referer % is 20%, not 25%.
I hope that they didn't implement the 30-day policy as a way to decrease the actual amount that referer's receive. Likewise, what happens when the person trading is paying for their fees with BNB? Do you receive the bonus based on the amount that they paid, or the amount that BNB was worth at the time of the trade? If at the time of the trade, coin X was worth exactly $1, and thirty days later it doubles in value to $2, is the reward going to be $1 worth of coin X or $2 worth of coin X?Īccording to the website, the referral award comes 30 days after the trade. Let's say they purchase 1,000,000 of coin X, so the referral reward is 0.0000025 * 1,000,000 coin X which would be 2.5 coin X. I see that the referral award has dropped from 50% of the 0.1% trading fee to 25% of the 0.1% trading fee, so the reward for the person who referred the person making the trade is 0.00025% of the coin being purchased. I am trying to look at the intricacies of the referral program.
0 kommentar(er)
