1. What is the Binance Standard Referral Mode?
For every new user successfully referred to Binance via the Standard Referral Mode, the referrer will receive a commission on fees anytime the referred user trades on any of Binance’s Spot or Futures markets. This means you can now invite users via a Spot standard referral link or a Futures referral link and receive the commission from both. Please note that the referral commission for the Futures market is limited to 12 months starting from the time the invitee opens a Futures account.
2. Can my invitee use my standard referral code after creating their Binance account?
A referral code must be used when the user open a Binance account. Please make sure that you or your invitees enter the correct referral code. If they forget to use the referral code when signing up or entered the wrong referral code, the commission cannot be collected.
3. How can I check my commission history?
You can check your referral commission from [
Referral] - [Commission Rebate]. The funds are credited to your account every hour.
You can also click on the chart icon to download your commission rebate data.
4. Why haven’t I received the referral commission from my invitees?
Standard Referral commission is calculated in real-time and transferred to the respective Binance accounts every hour. You will only be able to receive referral commissions once your invitee makes a transaction.
The inviter is eligible to receive referral commissions from invitees who are regular users or those within the VIP 1-2 tiers. From 2023-06-29 02:00 (UTC), referral commissions will be discontinued for all referred users who reach VIP 3 or higher. This applies to all existing and new referred users.
For Futures trading, you can only receive a referral commission from invitees who are regular or VIP 1 users for 12 months from their respective days of registration. To earn both Spot and Futures commission when referring a friend, you will need to ensure you have opened a Futures account. If you refer a friend using your Spot standard referral link but you haven’t opened a Futures account, then you can only earn commission from their Spot trading fees.
5. How can I check the UID of the invitees I referred?
Go to [Standard Referral] and click [Referrals]. You can see their UIDs under [All Accounts].
6. Can I change my referrer?
No, once the referral relationship has been established, it cannot be changed.
7. What’s the difference between referral commission and rebate?
The referral commission rate and the rebate rate are both a part of the base referral bonus. Once the invitee makes a transaction, the inviter will receive a referral commission and the invitee will receive a rebate.
8. When will I receive the standard referral commission and what’s the settlement token?
All standard referral commissions (those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour.
The settlement assets of referral commissions are the same as the commission fees generated by the actual transaction of the invited friend (invitee). If the invitee uses the BNB fee discount, the settlement assets of referral commissions and referral commissions returned will be in BNB.
9. When is my referral rate updated?
Referral rates are calculated at 02:00 (UTC) every day and are updated at 10:00 (UTC).
10. Where can I find my standard referral link?
If you're using the Binance website, log in to your Binance account and click [Profile] - [Referral] - [Standard Referral].
Alternatively, log in to your Binance App and tap [Referral] on the homepage and go to [Standard Referral].
11. How do I create, set up, and manage my referral links?
- Log in to your Binance account and click [Profile] - [Referral] - [Standard Referral]. Click [Change referral settings >].
- Click [+ Add New Referral] and set your friends’ commission rebate rate. The default referral rate is 20%, you can choose to share 0%, 5%, or 10% with the friends you invite. Click [Save].
- Click [Copy Link] next to the invite link and send it to your friends. Once they successfully register at Binance and start trading, referral commissions (those received by you and those shared with your invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour.
12. Can I delete my current Binance Account and register for a new account with a new referral code?
If the system detects that a user has deleted his account in order to create a new account to benefit from the referral program, Binance reserves the right to terminate all referral commissions from the account.
Terms and Conditions
- If the new user did not register a Binance account using your Referral ID, you will not receive referral commissions for Spot and Margin trading from this user.
- The same user can still activate a new Futures account with your futures Referral ID, you will then receive commissions for Futures trading from this user only.
- If your daily average BNB account balance is 500 BNB or more, the base Spot referral rate will be increased to 40%, and you can choose to share 0%, 5%, 10%, 15%, or 20% with your friends. Binance may adjust the proportion of referrals at any point and reserves the right to adjust the rules of the Standard Referral Mode.
- Binance reserves the right to disqualify users from participating in the Binance Standard Referral Program and revoke any commission from users who engage in dishonest or abusive activities to earn commissions. This includes bulk-account registrations to obtain additional bonuses, usage of “phishing” websites containing referral links, posting referral links as advertisem*nts on search engines, and any other activity in connection with unlawful, fraudulent, or harmful purposes.
- Binance reserves the right to cancel or amend the Standard Referral Program or Program Rules at its sole discretion.
- All users must strictly abide by the Binance Terms of Use. Any breach of the Binance Terms of Use will disqualify the user from earning the Standard Referral Commissions.
- Binance has the sole discretion to decide and determine whether a user will be entitled to earn any commission and reserves the right to amend these Terms & Conditions from time to time. If you have any questions, please contact customer service.
Note: This article was updated on 7th June 2023 to include more details on the Terms and Conditions for Binance Standard Referral Program.
Greetings, enthusiasts of the Binance Standard Referral Program! As someone deeply immersed in the intricacies of cryptocurrency exchanges, particularly Binance, let's delve into the key concepts outlined in the article, demonstrating a profound understanding of the platform's referral mechanisms.
-
Binance Standard Referral Mode: The Binance Standard Referral Mode is a commission system where existing users receive a commission on fees whenever a new user, referred through either a Spot or Futures referral link, engages in trading on Binance. Notably, the referral commission for Futures trading is limited to 12 months from the time the invitee opens a Futures account.
-
Usage of Referral Code: It's crucial for users and invitees to use the correct referral code during the Binance account registration process. Failure to do so results in the inability to collect the commission.
-
Commission History: Users can track their referral commission history through the [Referral] - [Commission Rebate] section, where funds are credited every hour. The ability to download commission rebate data is also provided.
-
Referral Commission Eligibility: Referral commissions are calculated in real-time and transferred hourly, but they are only received once the invitee conducts a transaction. Referral commissions are discontinued for users reaching VIP 3 or higher, and for Futures trading, commissions are limited to regular or VIP 1 users for the initial 12 months.
-
UID of Invitees: To identify the users you've referred, you can check the UID of invitees under [Standard Referral] - [Referrals] - [All Accounts].
-
Referrer Modification: Once a referral relationship is established, it cannot be changed.
-
Referral Commission vs. Rebate: Referral commission and rebate are integral parts of the base referral bonus. The inviter receives a referral commission, while the invitee gets a rebate upon transaction.
-
Settlement Token and Timing: Standard referral commissions are calculated in real-time and transferred hourly. The settlement assets are the same as the commission fees generated by the invitee's actual transaction.
-
Referral Rate Update: Referral rates are recalculated at 02:00 (UTC) daily and updated at 10:00 (UTC).
-
Locating Standard Referral Link: The standard referral link can be found on the Binance website under [Profile] - [Referral] - [Standard Referral], or on the Binance App by tapping [Referral] on the homepage and selecting [Standard Referral].
-
Referral Link Management: Users can create, set up, and manage referral links through [Profile] - [Referral] - [Standard Referral]. It involves setting commission rebate rates and sharing percentages, with real-time calculations and transfers.
-
Account Deletion and Referral Code Change: Attempting to exploit the referral program by deleting and re-registering an account may lead to the termination of all referral commissions. Additionally, terms and conditions apply, including specific rules for Spot and Margin trading, Futures trading, and adjustments based on BNB account balance.
Remember, adherence to Binance's Terms of Use is paramount, and any breach may disqualify users from earning standard referral commissions. Binance reserves the right to modify the program and rules as needed, ensuring fair and ethical usage.
For any queries or clarifications, contacting customer service is recommended. Stay informed and trade wisely in the ever-evolving world of cryptocurrencies!
