Binance Referral Program Explained

The Binance referral program is a way for existing users to earn a percentage of the trading fees generated by their referred friends and family who open new accounts on the platform. This program not only rewards current users for referring others but also offers new users a sign-up bonus to get started with trading.

When you sign up for Binance, you'll receive a unique referral link and ID that allows you to track your referrals. If someone clicks your link and completes the signup process, both of you will receive a kickback in the form of a percentage of their trading fees for one year. This is an excellent way for existing users to earn some free crypto while also helping new users get started with the platform.

As part of the Binance referral program, current users who refer friends and family to open new accounts can earn a $50 bonus in BNB (Binance Coin). To qualify for this bonus, you must first register and complete identity verification. Once you've done so, you'll need to make a minimum first-time fiat deposit or crypto trade on your account within 30 days to receive the bonus.

In addition to the referral program, new users can also take advantage of an onboarding or sign-up bonus when they create their account. This article will provide a detailed explanation of how Binance's new user bonuses and referral rewards work, making it easier for those new to crypto or Binance to understand these promotions.

Binance, like many other cryptocurrency exchanges, offers special promotions to attract new users and incentivize existing users to refer others. These programs often involve bonuses and rewards tied to the native exchange token, in this case Binance Coin (BNB). By understanding how the referral program works, you can take advantage of these opportunities and start earning some free crypto today.

Binance referral program explained