Binance Referral Code (May 2024): Trading Fee Rebate $100 (2024)

In the fast-paced world of cryptocurrency trading, every advantage counts. Whether you’re a seasoned trader or just stepping into digital assets, earning extra passive income is always a smart move.

Well, that’s exactly what the Binance referral code (NQ2WIF73) can offer you. You can get a free crypto sign-up bonus, a trading fee rebate, and more rewards and offers.

Key Takeaways:

1. Binance is a leading cryptocurrency exchange with a massive 150M+ global user base, offering over 350 digital assets for trading and investment.
2. Binance exchange referral program provides users with access to exclusive benefits, such as reduced trading fees, promotions, and rewards.
3. You can use our “NQ2WIF73” promo code for up to a 40% fee discount and a $100 Trading Fee Rebate sign-up bonus.

What is Binance Referral Code?

A Binance Referral Code is a special code you enter when signing up on Binance for rewards. With this code, you save on trading fees, earn from your referred friends’ trading fees, and enjoy extra advantages tied to the code.

For a good choice, I suggest using referral code NQ2WIF73. This code secures you up to a 40% lifelong discount on your trading fees and a commission on your referred friends’ trading fees. It’s a top-notch deal, better than many codes which only give 10% discounts or commissions.

What is Binance Futures Referral Code?

A Binance futures referral code is a promo code that you can use while signing up on the exchange and get a fee discount during leverage trading. You can use the same code “NQ2WIF73” for futures also.

Binance Referral Code UK & Europe

Newcomers from the UK or Europe who are exploring the world of crypto for the first time can benefit from our special Binance referral code: NQ2WIF73. When you register using our unique link, you’ll enjoy a 40% discount on trading fees and $100 trading fee rebate.

If you’re unsure about which platform to choose, you can refer to our guide on purchasing Bitcoin in the UK or Europe:

1. Best Crypto Exchange in Europe
2. Best Bitcoin Exchanges in the UK

Binance US Referral Code

Binance and Binance US are two different platforms. You can not use the same referral code on the US version. Instead, use referral code “53604714”. You can use this code when you join Binance US and get $10 when you deposit at least $100.

You can also save 20% when you use Binance Coin (BNB) for trading and earn up to 20% from your referrals’ commissions. This is one of the best deals for Binance US users.

Benefits of Using Binance Referral ID

This free Bitcoin referral code offers commission and discount rates for inviters and invitees. Here are three benefits:

1. $100 USDT trading fee rebate
2. Up to 40% discount on trading fees

The rebate rate depends on how much of the commission the inviter wants to give back to the people they invite. The inviter can give back as much as half of their commission as a rebate to the people they invite.

The commission rate is figured out from how much BNB (Binance Coin) the person who invites has on average every day, and their starting referral rate, which is either 20% or 40%.

For example, let’s say the inviter has a starting referral rate of 20%, an average of 500 BNB per day, and a commission rate of 25%. They can choose to give back up to 10% of their commission as a rebate to the invitees.

If they decide to give back 5%, they will get 20% of what their invitees pay in trading fees as commission, and their invitees will get a 5% discount on their trading fees as a rebate.

How to Use Binance Referral Code (NQ2WIF73)?

Step 1: Sign up on Binance

Firstly, you need to open an account with Binance crypto exchange.

• Visit the [Binance website] and click on [Register] in the top right corner.
• Type your email address and password, and agree to the terms of use.
• Copy and paste NQ2WIF73 in the Referral ID box. This will give you up to a 40% lifetime discount on trading fees.
• Click on [Create an account] and verify your email.

Step 2: Verify your identity on Binance (KYC)

• Log in to your Binance account and go to [Profile] – [Identification], or click [Complete Now] on the pop-up.
• Click “Get Verified”.
• Confirm your residence country, matching your ID.
• Fill in personal details and click “Continue”.
• Verify your ID by uploading the required documents.
• Choose a document type, upload photos, and provide a selfie.
• Complete facial recognition using the device of your choice.
• Binance will review and notify you via email when done. Avoid refreshing your browser.

Step 3: Claim your referral code rewards on Binance

Log in to your Binance account and go to [Profile] – [Rewards Hub]. Under the [Ongoing] tab, scroll down and find the $100 Welcome Bonus reward. Click [Claim Now].

Now, You will see a pop-up window with four tasks that you need to do to claim the reward. The tasks are:

1. Verify your identity and get a 20 USDT trading fee rebate
2. Make your first deposit and get a 30 USDT trading fee rebate
3. Make your first trade and get a 50 USDT trading fee rebate

Step 4: Start trading on Binance

You can now trade on any of Binance’s Spot or Futures markets and enjoy referral discounts and rewards. You can also invite your friends to join Binance using your own referral code or link and earn a commission from their trading fees.

Also, check your referral commission and rebate history from [Referral] – [Commission Rebate] in your user menu.

How to Share Your Binance Referral Code?

Step 1: Visit the referral page

After signing in, go to the user menu in the top right corner and click on [Referral]. This will take you to the referral page where you can find your referral code, referral link, commission history, and referral settings.

Step 2: Create your referral link

On the referral page, click on [Generate your link] to make a unique invite link that you can share with others.

You can also personalize your referral link by adding a note or changing the commission rebate rate for your friends. The default referral rate is 20%, but you can choose to give 0%, 5%, or 10% to the people you invite.

Step 3: Share your referral link

After creating your referral link, you can copy it and send it to your friends via email, social media, or any other platform. You can also use the QR code or the social media icons on the referral page to share your link more easily.

When your friends click on your link and join Binance, they will become your referrals and you will earn a commission from their trading fees.

Step 4: Check your commission history and referrals

You can check your commission history and referrals from the referral page. The commission is calculated in real-time and transferred to your account every hour.

You can also download your commission data by clicking on the chart icon. You can see the UIDs of your referrals under [All Accounts]. You will only be able to receive commissions from referrals who are regular users or those within the VIP 1-2 tiers.

How to Withdraw Your Referral Commission?

As an inviter, you can withdraw your referral commission from your wallet at any time. You can choose to withdraw your commission in the same cryptocurrency (BTC Currently) as it was earned or convert it to another currency using the Convert function.

To withdraw from Binance, you need to follow these steps:

1. Log in to your Binance account and go to Wallet.
2. Click on “Withdraw” on the top right corner of the page.
3. Select the cryptocurrency that you want to withdraw, and enter the amount and the address.
4. Click on “Submit” and confirm the withdrawal request.
5. You will receive an email confirmation with a verification code. Enter the code and click on “Confirm Withdraw”.
6. You will see a message that your withdrawal request has been submitted successfully.
7. You can check the status of your withdrawal on the Withdrawal History page.

What is Binance?

Binance started in 2017 with a vision of making crypto trading easy and accessible for everyone. The founder of Binance is Changpeng Zhao (CZ).

Binance is more than just a crypto exchange. It is a whole ecosystem that offers many products and services for people who want to trade, invest, and use digital assets like Bitcoin and Ethereum.

It offers many options such as trading, earning, NFT marketplace for artists, Defi crypto wallet, payments, crypto visa card, launchpads, and institutional solutions. You can read our detailed Binance review for a full guide.

Is Binance Safe?

Binance exchange platform takes security very seriously. It has many features that protect its users, such as 2FA, anti-phishing code, address whitelisting, withdrawal limits, and more.

The platform also has a SAFU fund, which is an emergency fund that can cover extreme losses in case of a hack. Plus, Binance P2P has escrow service protection for peer-to-peer trades, which makes sure that both parties in a transaction are safe from fraud.

Binance BNB Token

Binance also has its own native token called BNB, which powers the BNB Chain ecosystem and is the native coin of the BNB Beacon Chain and BNB Smart Chain.

One of the use cases of the BNB token is to receive discounts when paying for annual fees on the Binance exchange. The discount rate depends on your monthly trading volume and BNB holdings. You can get a discount of up to 25% with HODLing BNB coin.

When you utilize BNB tokens for trading, you can enjoy the following advantages:

1. A reduction of 25% in fees for the Spot Market.
2. A 5% decrease in Margin Interest charges.
3. A 10% markdown on Binance Futures trading fees.

Conclusion

The Binance app referral code serves as a potent tool. It aids in generating passive income from crypto trading, while simultaneously reducing trading fees. Additionally, it grants access to premium features and services offered by Binance.

Upon registration with Binance using the referral code NQ2WIF73, a perpetual up to 40% discount on trading fees becomes applicable.

You can also share your own Binance referral code with others and earn commissions from their trading fees. You can customize your referral code by choosing different commission and rebate rates for your invitees.

You can also promote your referral code effectively by using various channels and platforms, providing value and education, following up and engaging with your potential invitees, and tracking and measuring your results.

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