What is a Binance Referral Code? How to Save Money by Registering with One

When registering on Binance, you might notice an input box for a "Referral Code" or "Invite Code". Many people don't know what this is for and skip it directly. But actually, filling in a referral code can help you save a lot on trading fees, and it's permanent. Today, we will explain everything about the referral code clearly. First, go to the Binance Official Website to check the registration page; downloading the Binance Official App also allows you to fill in the referral code during registration. Apple users can refer to the iOS Install Guide to complete the App installation.

What Exactly is a Referral Code?

A Binance Referral Code, also known as an invite code, is a combination of letters and numbers. Every Binance user can generate their own referral code. When a new user fills in the referral code during registration, both parties can get benefits:

• New User: Can receive a certain percentage of trading fee kickback (rebate) for every trade
• Referrer: Earns a certain percentage of the reward from the invitee's trading fees

This is a win-win mechanism. The new user saves money, the referrer earns money, and Binance gets a new user.

How Much Money Can a Referral Code Save?

The kickback ratio of a referral code is not fixed; it depends on the referrer's settings. Binance allows referrers to share a portion of their earned commission with their invitees.

Commission Ratio Explanation

The total ratio of Binance referral commission is determined by the referrer's tier:

• Base commission ratio for regular users: 20%
• Users holding 500 BNB or more: up to 40%

The referrer can choose to keep the entire commission for themselves or share a portion with the invitee. For example:

• If the total commission ratio is 20%, the referrer chooses to split it 10% each with the invitee
• Then, for every trade you make, 10% of the trading fee will be refunded to you

Actual Calculation

Assuming your trading fee is 0.1%, and the referral code gives you a 10% kickback:

• If you trade 10,000 USDT, the fee is 10 USDT
• A 10% kickback means 1 USDT is refunded to you
• The actual fee becomes 9 USDT

If combined with the BNB deduction (25% off), the actual fee rate is even lower:

• Fee = 10,000 × 0.075% = 7.5 USDT
• 10% Kickback = 0.75 USDT
• Actual Fee = 6.75 USDT

It might not seem like much per trade, but if you trade frequently, it can save you a lot over a year.

How to Use a Referral Code to Register

Method 1: Web Registration

1. Open the Binance official website registration page
2. Enter your email or phone number
3. Set a password
4. Enter the referral code in the "Referral ID (Optional)" field
5. Check the Terms of Service
6. Click Register

Method 2: App Registration

1. Download and open the Binance App
2. Click "Sign Up"
3. Choose to register via email or phone number
4. When filling out your info, you will see "Referral ID (Optional)"
5. Enter the referral code
6. Complete the registration

Method 3: Register via Referral Link

If someone shares a referral link instead of a referral code, just click the link to open the registration page, and the referral code will be automatically filled in; you do not need to enter it manually.

Important Notes

Referral Code Can Only Be Used During Registration

This is the most important point: the referral code can only be filled in during registration; it cannot be retroactively added or changed after registration is complete. So if you haven't registered on Binance yet, make sure to remember to fill in the referral code.

How to Judge if a Referral Code is Good

Different referral codes have different kickback ratios. A good referral code should:

• Have a kickback ratio as high as possible (the higher the percentage given to the invitee, the better)
• Have a referrer with a good reputation (who will not change the kickback ratio midway)

You can see the kickback ratio corresponding to the referral code on the Binance referral page, and choose the one with the highest kickback ratio.

How is the Kickback Distributed?

The referral code kickback is distributed in real-time. After each transaction is completed, the kickback amount will automatically be credited to your account balance. You can check the details of each kickback in "Wallets" → "Commission History".

Does the Kickback Have an Expiration Date?

There is no expiration date. As long as you register via a referral code, the kickback is permanently valid. No matter how many years you trade on Binance, you will receive a kickback for every trade.

Difference Between Referral Code and Referral Link

Both are essentially the same, just in different forms:

• Referral Code: A string of characters, such as "ABC123", which needs to be manually entered during registration
• Referral Link: A URL link, such as "binance.com/register?ref=ABC123", which automatically fills in the referral code after clicking

Using a referral link is more convenient and less prone to typing errors.

You Can Also Generate Your Own Referral Code

After registering on Binance, you can also generate your own referral code to invite friends to register. Steps:

1. Open the Binance App
2. Go to the "User Center"
3. Find "Referral" or "Invite Friends"
4. Generate your exclusive referral code and referral link
5. Set the commission sharing ratio (how much to give to the invitee, how much to keep for yourself)
6. Share it with your friends

When your friends register via your referral code and start trading, you will be able to earn referral commissions.

Common Referral Code Scams

When using referral codes, you need to be aware of some common scams:

Fake High Kickbacks

Some people claim their referral code can give a 100% kickback, which is impossible. Binance referral commissions have an upper limit and cannot reach 100%. Be vigilant when you see this kind of promotion.

Phishing Links

Some people will forge Binance's registration link. On the surface, it looks like Binance's URL, but it's actually a phishing website. Always confirm that the URL is Binance's official domain name when registering.

Asking for Transfers

If someone asks you to transfer money to them first before giving you a referral code, they are definitely a scammer. Referral codes are free and do not need to be purchased.

What If I Already Registered Without Filling in a Referral Code?

If you have already registered on Binance but did not fill in a referral code, unfortunately, there is currently no way to add it retroactively. But you can still save on trading fees through the following ways:

• Enable BNB deduction for trading fees (25% off)
• Upgrade your VIP tier
• Pay attention to Binance's trading fee promotional events
• Use limit orders (maker fees are usually lower)

Frequently Asked Questions (FAQ)

Are a referral code and an invite code the same thing?

Yes, a Referral Code and an Invite Code are the exact same thing, just called differently. In Binance's interface, it's sometimes called a "Referral ID" and sometimes an "Invite Code".

Are there any disadvantages to filling in a referral code?

There are absolutely no disadvantages. Filling in a referral code will only bring you the benefit of fee kickbacks and will not have any negative impact on your account.

Can a referral code be stacked with the BNB discount?

Yes. The referral code kickback and the BNB fee discount are two independent benefits and can be enjoyed at the same time. First, use the BNB discount to lower the fee, and then enjoy the referral code kickback based on the discounted amount.

How many people can use one referral code?

There is no limit. A single referral code can be used by an infinite number of people, and every user who registers using this referral code can enjoy the kickback.

Will the kickback of the referral code change?

The referrer has the right to modify the kickback ratio, but they usually won't change it arbitrarily. If you find that the kickback ratio has been lowered, you can contact the referrer to understand the situation.

Do I need to pay taxes on referral commissions?

This depends on the tax regulations in your region. In some countries and regions, referral commissions are considered income and need to be reported for taxes. It is recommended to consult a local tax professional.