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BEST DISCOUNT (valid 2023) → Binance Futures Referral ID Code
Binance Futures Referral Code
Use Binance Futures referral code “HowToReferral” and get 20% off trading fees when you use BNB (Binance Coin) to trade. Plus you can earn up to $500 in welcome bonuses!
Keep reading to find out how to save the maximum amount at Binance Futures and participate in the referral program yourself.
|👉 Binance Futures Referral Code||howtoreferral|
|🍀 Binance Futures Referral Discount||Up to 20% with BNB|
|🕺 Binance Futures Referral Commission||Up to 30%|
|🎯 Last Verified||February 6, 2023|
Binance Futures Referral Code Details
Use Binance Futures referral code “HowToReferral” to save 10% on trading fees for your first 30 days. Then get another 10% off when you use Binance Coin (BNB) to trade. That means you can save a total of 20% on Binance Futures trading fees when you use our referral code!
Plus, you can earn up to $500 in Welcome bonuses when you sign up for Binance Futures. The exact amount, however, depends on the promotion being run (more below).
You can also earn a referral bonus of up to 30% of your friend’s trading fees when you share your own Binance Futures ID! Lastly, you can get even more savings when you trade volume!
The discounts work like this. First, enter Binance Futures referral code “HowToReferral” when signing up for Binance Futures to get 10% off trading fees for 30 days.
Then, use BNB to trade to save the other 10%.
You can also start completing tasks for welcome bonuses at this point.
Then, after 30 days, the only way to save is to use BNB to trade. To save using BNB, you’ll need to transfer BNB from your Exchange Wallet to your Futures Wallet and make sure you keep enough BNB in there to cover your fees.
Also, please note that while our referral code works on both COIN-M and USDT-M Futures, the 10% discount from BNB only applies to USDT-M Futures. That means to save the full 20% (10% from the code + 10% from BNB) on the already low fees of 0.020% Maker and 0.04% Taker, you have to trade USDT-M Futures.
With that in mind, COIN-M Futures notably have lower fees in the first place, and you can actually get a rebate on maker fees with the Binance Futures volume-based discount/VIP program. So the savings are still notable. Speaking of the volume-based discount/VIP program, we get into that in more detail below in the fee section and even show you how to use it to save 100% on Maker fees on USDT-M Futures, so keep reading.
The best Binance Futures referral code is the one that offers 10% off trading fees. The only way to get more than 10% off Binance Futures trading fees is to use BNB to trade, and that only applies to USDT-M futures. With that said, Binance Futures sometimes offers welcome bonuses after you sign up as well. For example, you can claim a free $20 Binance Futures bonus in the “Reward center“.
How to Sign Up & Obtain Your Binance Futures Referral Code
Below we will walk you through how to sign up for Binance Futures and get your referral code. Make sure to use our signup link, as even if you only intend to share your own code with others, the transaction costs of converting your referral commissions can be decreased with the savings our code provides.
Keep in mind that you must have a Binance account already before you are able to apply for access to the Futures platform, for information on how to sign up for Binance, read our Binance referral code and platform review.
Time needed: 15m for the initial process + up to 1-2 business days for KYC application to be verified
ID required: Most Government-issued IDs, such as a Drivers licence
- Click the Binance Futures Referral Link
Start the application process by using our Binance Futures referral ID sign-up link.
- Open a Binance Futures Account
Once you are logged into your standard Binance account, which is required to open your Futures account, hover over the Derivatives tab and click on the top option displayed called USD-M Futures.
- Confirm Your Account
You will now see a prompt brought up on the right hand side of your monitor, this is required to be acknowledged by clicking the Open Now button after reading the reminder above. Keep in mind this is the last location you can use our referral code at, as seen in the field where we have entered howtoreferral.
- Go the the Referral Dashboard
After you have proceeded with opening your new account you can now click on the account icon in the top right (yellow arrow). This will present you with a drop down list of options, the one you want to click on is labelled as Referral (red box outline).
- Share Your Referral Code
The last step here is top simply click on the Invite now button (yellow arrow) which will create a pop-up that contains a Copy referral Link button. This will automatically copy your referral link and allow you to paste it into any other application, sharing it with as many people as you want.
How the Binance Futures Referral Program Works
Share your Binance Futures referral ID with a friend, and when you do, they will get a 10% discount for 30 days, and you’ll earn at least 10% commission for the first 12 months. You can then both boost your rates by holding BNB. Meanwhile, the referrer can boost their commission by becoming a Binance Futures Affiliate. Below, we cover the core takeaways at a glance, so you don’t need to read all that fine print.
- For the Invitee:
- – Sign up for Binance Futures using our referral link, and you’ll lock in your 10% discount on trading fees.
- – While the discount only lasts your first 30 days, you can continue to save an additional 10% while using BNB to reduce your trading fees on USDT-M futures.
- For the Referrer:
- – Share your code and you’ll get at least 10% of every invitee’s trading fees for 12 months.
- – You can increase that kickback amount to 20% by holding a daily average of 500 BNB or more.
- – Lastly, your earnings all the way up to 30% and even waive the BNB requirement by joining the affiliate program (more information below).
Binance Coin (BNB) is Binance’s cryptocurrency token. Not only is used to lower trading fees on both Binance and Binance futures, but it also is used to increase referral commission, pay transaction costs on Binance Smart Chain, and more.
Binance Futures Referral/Affiliate Program Commission Structure
The Binance Futures has both a referral and an affiliate program. The referral program is notably different from the Binance Futures affiliate program, and each has a unique commission structure. We’ll cover the referral program first since it is the most common of the two.
Binance Futures referral program commission is based on your average daily balance of BNB. You get a 10% kickback without BNB but can double it to 20% by having an average daily balance of 500 BNB. For those familiar with the Binance referral program, its important to note that with the Binance Futures program, you can’t adjust your commission by adjusting the amount you share. So you’ll only ever be able to offer 10% off.
Meanwhile, the Binance Future Affiliate program offers a much better commission kickback but, as noted, has a different commission structure than the referral program. If you are accepted into the Futures Affiliate program, the BNB minimum balance is waived, and your base commission starts at 30%. This means you earn 20%, and your invitees save 10% for 30 days regardless of how much BNB you own.
Then, when you reach 1,000 or more referrals, you will be leveled up to get a 40% referral bonus. So you earn 30% and invitees save 10%.
Meanwhile, members of the Media get the 40% referral rate right away and have the BNB bonus waived, so if you have a platform you can promote Binance through, you’ll want to see if you qualify for that.
As an added bonus, when you join the affiliate program you also get access to the Binance Futures Affiliate Bonus Program.
With the Binance Futures Affiliate Bonus Program, you can:
- Get an additional bonus of up to 72,000 USDT every month.
- Get up to 6,000 USDT per month when your referrals trade Coin-Margined Futures.
- Get free Binance merchandise, Futures vouchers and more to provide as new user incentives.
- Get priority access and testing of new features.
While there are more offerings from the Binance Futures Affiliate Bonus Program, we only covered the most substantial. For more information on what extra’s Binance Futures offers to its affiliates, take a look at their official Binance Futures Affiliate Bonus Program blog post.
|BNB Amount||Base Referral Rate||Commission Share||Commission|
|Less than 500 BNB||20%||10%||10%|
|500 BNB or more||30%||10%||20%|
|Category||Total Referred Users||Base Referral Rate||Commission Share||Commission|
$500 Binance Futures Welcome Bonus
Depending on active promotions you can earn up to $500 in welcome bonuses at Binance Futures, typically for completing tasks. These tasks are typically for you first doing something, for example, a first deposit.
Sometimes the total amount you can earn is smaller, for example at the end of March 2022 up to $15 was offered as you can see in this link Your Binance Futures Campaign – Get Free $15 cash voucher!.
For example, from May 2022 to June 2022 up to $500 in vouchers were offered as you can see in the table below:
|Task||Futures cashback voucher|
|First time deposit of ≥ $100 within 5 days||$5|
|Trade of ≥
$1,000 within 7 days
|Trade of ≥ $50,000 within 7 days||$70|
|Trade of ≥ $1,500,000 within 7 days||$200|
|Trade of ≥
$3,000,000 within 7 days
Please keep in mind the above welcome bonuses are paid as vouchers. You can check your vouchers in the Binance Futures reward center after completing tasks. Make sure to check the awards center and announcements for current tasks!
How to Join the Binance Futures Affiliate Program
To join the Binance Futures Affiliate program, you’ll first need to create a Binance Futures account. Once that is done, you can then apply to become a Binance Futures Affiliate by filling out the official Binance Futures Affiliate application.
Once your application is approved, a Binance representative will contact you about your partnership and will help you to figure out the best way to boost commission up to the maximum amount by increasing your sign-ups!
Binance Futures Referral/Affiliate Rules
While there is plenty of fine print that can be examined in more detail on their official website, we have highlighted the core takeaways below. The main rules of the Binance Referral and Affiliate programs are as follows:
- Discounts last 30 days from the time of sign-up.
- Commissions last 12 months from the time of sign-up.
- All referral bonuses (both those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance Futures accounts every hour.
- The settlement asset of referral bonuses will be the same as the asset used to pay the fee.
- Referral bonuses and “kickbacks” to invitees will apply to futures trading fees on the invitee’s main account and all its sub-accounts.
- Each Binance Futures Affiliate’s referral bonus rate will be adjusted for 90 days. Upon completing the 90 days, Binance Futures Affiliates will need to have Maintained a minimum average of 100+ active trading users with a cumulative trading volume equivalent of 10,000 BTC. Upon successfully meeting the minimum requirements, affiliates will receive a further 90 days extension. Rinse and repeat.
Make sure you only share and use codes if you live in a country that Binance Futures supports. You can lose all your commissions if you don’t live in a supported country. For a full set of rules, see Binance Futures Referral Rules and Binance Futures Affiliate Rules.
Binance Futures Referral Program Review
The Binance Futures referral program is generous, but it doesn’t have the lifetime discounts and kickbacks that the main Binance referral program does. While the potential to earn is solid at 30% for 12 months, the 10% savings for only the first 30 days offered to users is nowhere near as generous as the main exchange’s discount of 20% off trading fees for life.
The Binance Futures platform is something we highly recommend, with its great liquidity and selection, and the referral and affiliate programs are respectable even with the drawbacks. However, with all things considered, Binance Futures falls closer to the middle-of-the-pack, especially compared to Binance’s epic program that their main exchange hosts.
About Binance Futures
Binance Futures is a separate Binance platform with its own set of logins. Despite it being a separate platform, it can be easily accessed via Binance, and funds can be transferred between Binance and Binance Futures. With that in mind, let’s cover the backstory behind Binance Futures.
Binance, founded in 2017 by Changpeng Zhao AKA “CZ”, has historically been one of the most popular crypto exchanges out there when it comes to spot crypto trading. However, while Binance dominated spot trading, entities like BitMEX that offered derivatives trading started gaining serious ground against Binance in 2018 – 2019 during the bear market. Since then, though, this playing field has leveled off a fair amount, with the Binance Futures platform actually exceeding BitMEX in average daily trading volume.
Binance Futures is Binance’s answer to the rise in the popularity of derivatives trading and has lived up to the brand name by offering a wide array of contracts and leverage options, making Binance Futures a significant player in derivatives alongside longstanding giants like BitMEX and recent contenders like FTX.
The Binance Futures TestNet gives you a way to try out futures trading without having to risk your funds. To use the testnet, you’ll need a Binance Futures account first. After you have your account set up, simply go to the testnet website and place trades using a simulated balance. If you haven’t ever traded futures before, it’s not a bad idea to test things out here to get a feel for how futures trading works.
Binance Futures Liquidity
Binance’s BTCUSDT perpetual futures contract has the top volume compared to any other futures contract offered by any other platform as of April 2021. Unsurprisingly, given the Binance brand’s popularity, Binance Futures is one of the more liquid futures exchanges, if not the most liquid since recently overtaking BitMEX.
With that in mind, Binance also offers an extensive selection of coins, and like with their spot exchange, not every pair may have the required liquidity needed to place as big trades as you can with the BTC or ETH contracts. Luckily, you don’t have to guess at the liquidity of a futures contract. You can always see the current Binance Futures volume and liquidity before you start trading to get a sense of which contracts you want to trade.
Binance Futures Order Types
Binance Futures offers a sizeable variatey of order types, creating more control than many other futures exchanges in comparison. They offer:
- Market Orders
- Limit Orders
- Stop Orders
- Take Profit Limit Orders
- Take Profit Market Orders
- Trailing Stop Orders
To get the most out of Binance futures, consider checking out The Ultimate Guide to Trading on Binance Futures. That guide will walk you through everything you need to know, including funding your account, using each order type, and liquidation risks.
Binance Futures Fees
Binance Futures fees start at a 0.020% Maker and 0.04% Taker for USDT-M futures and 0.015% and 0.04% for COIN-M futures. However, with our referral ID code you’ll save 10% on all fees for 30 days, and you’ll save another 10% on USDT-M futures for life if you trade with BNB. So if you use our code with BNB, your fees will be significantly lower.
Further, as illustrated in the image below, you can also significantly reduce your fees via Binance’s Futures Volume-based Discount/VIP Program. With the volume-based discount/VIP Program, you can actually bring your USDT-M futures fees down to 0% Maker and get a 0.009% rebate on COIN-M futures!
Binance Futures’ fee structure
Keep in mind that different contract types use different fee structures. Make sure to check the official full list of Binance Futures fees.
Binance Futures Contract Selection
Binance Futures has two main contract types, USD-M and Coin-M, and each has a perpetual and a delivery option. USD-M contracts are bought with USDT or BUSD, and Coin-M contracts are purchased using the underlying coin as collateral. Perpetual futures do not have an expiration date but you can encounter a funding fee for being in a position with them during any of the 3 a day funding intervals. Delivery contracts are cash-settled and delivered at the expiration date (the last Friday of each calendar quarter at 08:00:00 UTC).
You can see a list of Binance Futures contracts on CoinGeko, but in short, they have a wide array of contracts including all the major contracts like Bitcoin and Ethereum, and will eventually end up listing most new and hot coins. As of writing this in May 2021, Binance Futures has 73 contracts to trade, and that number keeps growing!
Further, Binance also offers leveraged tokens and options. Both of which trade on Binance itself, so make sure to sign up for both accounts.
One solution for Binance Futures trading is using a Binance Futures trading bot to execute your trading strategy. Binance Futures leveraged trading can require quickly opening and closing positions, so automating the process can help. This will also help ensure you are properly managing risk, as you can automate your risk management strategy. One good time-tested solution for a Binance Futures Trading Bot Haas Bot, but there are others out there to find!
Binance Futures Security & Integrity
Binance Futures has the same security features as Binance, which, as we covered in our Binance review means while it isn’t impervious to hacking, it has a good historical record and is well trusted. Further, Binance Futures has liquidation and insurance funds that can reimburse customers in certain events.
Also, like with any exchange, the key to personal security is using best practices when securing your account such as using 2-factor authentication, never share your password, and constantly verifying which URL you are on.
With that covered, arguably the most important part of staying safe on Binance Futures comes from understanding personal liquidation risks that come from traditional trading. Especially with the 125x option, not following a strict risk/reward strategy or misunderstanding how leverage or liquidations work could get you into hot water. With that in mind, we would urge you to read through the Binance documentation in the previous links before you trade with size to make sure you are properly managing risk.
Binance Futures Deposits and Withdrawals
You can’t fund your Binance Futures account directly via credit card or deposit from an off-platform cryptocurrency wallet. You have to fund your Binance account first.
To fund your Binance Futures account, first deposit funds into your Binance account.
Once your Binance account is funded, you can then transfer funds between your Exchange Wallet (on Binance) and your Futures Wallet (on Binance Futures). You can also simply use your Exchange Wallet funds as collateral.
The process works like this:
- Fund your Binance account with a credit/debit card, bank transfer, or a deposit directly to a cryptocurrency wallet.
- After your funds are deposited, obtain BTC, USDT, or another token that can be used on Binance Futures.
- Lastly, either transfer funds to your Futures Wallet by clicking on ‘Transfer’ on the right side of the Binance Futures page. Or, use a token in your Exchange Wallet on Binance as collateral and borrow USDT for futures trading.
Sign up for a Binance account today alongside your Binance Futures account to open up all the options (don’t forget to use our Binance referral code for 20% off fees for life).
Binance Futures Supported Countries
Like Binance, Binance Futures supports most countries around the world. However, unlike with Binance’s main exchange, there typically aren’t any region-based solutions. For example, there is no “Binance US Futures,” as you can’t use Binance Futures in the United States. Also, like with Binance, there is no official list of supported countries. Instead, you’ll know if your country is supported as you’ll get a pop-up message letting you know your region isn’t supported when you go to sign up.
As a rule of thumb, any country with its own Binance exchange is not supported, while any country that can use Binance’s main exchange is. With that in mind, the best way to find out if you have a supported country is to visit Binance Futures and find out. Of course, if you have a Binance account already and are from the supported countries, then you can be sure you’ll be able to use Binance Futures as well.
Binance Futures Summary
Binance Futures is a great platform with a solid referral program. It is the type of program we love, where the referrer and invitee both get something. We would love to see Binance Futures be a little more generous with the length of discounts and kickbacks, but overall, we are happy with this program and think the exchange is among the best. Thus, Binance Futures is easy for us to recommend. Just don’t forget to sign up for Binance’s main exchange to make funding your account and cashing out later easier.
Common Questions and FAQs
Binance Futures is not offered to US customers. It is for customers who can use the Binance Global exchange only. Binance customers can use Binance US for trading, but they don’t have a leveraged futures trading option.
The Binance Futures discount lasts 30 days, and the kickback for referrers lasts 12 months. Remember though, the BNB discount lasts forever!
In short, to become a Binance Futures Affiliate, you must: as an individual be a social media influencer with 5,000+ followers or subscribers, as a Crypto community have 500+ members, or as a business/organization have a userbase of 2000 or have more than 5000 daily visits on your market analysis platform.
With the Affiliate program you do, with the referral program, you do not.
Referrals for Binance Futures are calculated in real-time and paid every hour.
The settlement asset of Binance Futures referral bonuses will are the same as the asset used to pay the fee. For example, if your invitee trades ETH perpetual futures, you get ETH as a kickback.
Use a Binance Futures referral link or code when signing up to apply the trading fee discount.
All traders get the full 10% discount for their first 30 days of trading.
When you click the referral link or input the code, you’ll see the discount displayed on the signup page.
There is no limit to how many people a single account can sign up.
You can increase commission on Binance Futures by holding BNB or by applying for the affiliate program.
Binance Future’s Hedge Mode allows you to hold both long and short positions simultaneously for a single contract.