Those who know even a little bit about crypto will know that Binance is one of the largest and most respected crypto exchanges out there. As such, users must be able to prove that they have a platform through which they can invite a large number of people to the platform. The affiliate program is for people or organizations with a large following. There is an application process that users must go through. The other major difference is that not anyone can become a Binance affiliate. This 10% higher commission rate can make a huge difference over the long run, especially considering that it applies to all the trades made by all the referrals. The biggest difference between the two is that the commission rates are capped at 50% for Binance affiliates instead of 40%. For their trouble, they earn a commission on the trading fees.
#Binance referral code
Users get a referral code that they can send out to invite people to the platform. For the most part, it is just like the referral program.
#Binance referral free
The Binance affiliate program is the second way for users to earn free crypto by referring people to the exchange. 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. 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. Since it is already one of the largest exchanges in the world, it does not need to entice users to join the platform as much as other exchanges.
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