Nowadays, Binance is pretty much a complete financial institution in itself. However, it has been one of the first to roll out new features as the crypto and DeFi ecosystem has progressed. However, it is also important that they save enough of the commission for themselves that it is actually worth it for them to refer people to Binance.īinance initially began as a simple cryptocurrency exchange. Users need to ensure that they provide enough of a kickback to their referrals to make their invite code appear attractive. The split is determined by the user when generating a referral code. The commission generated by trading needs to be split between the referrals and the users who invited them. When users refer their friends, they stand to receive up to 40% commissions on the trading fees generated by their referrals. This code can then be used by friends and family to sign up to Binance. The process is simple: Users need to head to the referral program tab and generate a code. ![]() The Binance referral program is open to everyone, and new users can join the program as soon as they have set up their accounts. The two are largely the same, but differ slightly in terms of scope. ![]() That said, the biggest advantage of the Binance referral program is that it allows users to have a lot of control over how they manage their referrals and the tactics they use.īinance has both a referral and an affiliate program.
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