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How To Get The BEST Binance Referral Code ID Bonus (2021)
Binance Referral Code
Use Binance referral code “GRYRDBZW” to save 20% on trading fees for life. Then save another 25% when you use Binance Coin (BNB) to trade.
That means you can save a total of 45% on the already low fees of 0.100% with BNB and the Binance referral ID bonus today!
Keep reading to find out how to save even more via the Binance volume-based discount and VIP program, as well as how to participate in Binance’s referral program yourself.
|Binance Referral Code||GRYRDBZW|
|Binance Commission||Up to 50%|
|Binance Referral Code Savings||Up to 45% with BNB|
|Last Verified||July 26, 2021|
Binance Referral Code Details
Our Binance referral code will get you a 20% trading fee discount. To save an additional 25%, you must use BNB to pay for trading fees. To pay trading fees with BNB, you must have BNB and enable “using BNB to pay for fees (25% discount)” in the account tab. That will bring your total discount to 45% (20% from the code + 25% from BNB). You can then save even more by trading volume.
For the volume-based discount, you’ll automatically have your fee reduced the more you trade over a rolling 30 day period. For example, once you trade 50 BTC or more in volume over a rolling 30 day period, your fees after the referral code and BNB discount are applied drop from 0.0600% Maker 0.0600% Taker to 0.0540% Maker 0.0600% Taker. See more details below in our Binance fee section where we explain the volume-based discount and VIP program.
The best Binance referral code is the one that offers 20% off trading fees for life. Other codes may only offer between 0% – 10%. 20% is the maximum kickback that can be offered. Make sure to use codes that offer the full 20% off when you sign up for Binance to lock in your savings!
How to Sign Up and Get Your Binance Referral Code
Below is a step-by-step tutorial for obtaining a Binance referral code ID to share with your friends so you can participate in the Binance ID kickback program. Not only will these steps save you up to 45% in fees, but you’ll also learn how to make up to 50% in kickbacks (or 30% if you share the max amount with invitees like us).
Time needed: 5 Minutes for initial sign-up
ID required: Most government issued ID’s will be adequate
- Start the Binance sign-up process
Use our Binance Referral ID to save 20% in trading fees for life. Clicking the link will automatically bring you to Binance’s official website with the code applied. So there’s no extra work for you, but plenty of added benefits.
- Input your desired Password and Email
Once you land on the Binance sign-up page, you will see the 20% discount is applied, and you can begin to input the desired password and email you want your new Binance account to use. Consider using a password manager as you start to get more involved in the Cryptocurrency space; the number of needed passwords can really start to climb.
We suggest LastPass for their reliability and great user data monitoring ability, which can help a ton as they will automatically alert you of any company data breaches you have previously signed up for that are learned about (worry not, Binance is still SAFU).
- Navigating to the Referral section of your account
As you can see in the above image, we are pointing to the account icon you will need to click on in order to be presented with the “Referral” option. Once it is displayed on your screen, click on this option. You will then be forwarded to the Binance referral dashboard. This is the area where you will start the process of generating your own referral ID code and link.
- Generating your own referral link
Now that you are on Binance’s referral dashboard, you will see plenty of options. The only one of concern at this moment is the one we have highlighted in our image above. Click the button called “Generate your link” to move to the next step.
- Select the percentage discount you want to offer
You are now presented with numerous options highlighted in the image above, these represent what percentage you will receive and what amount your referrers will get for their Binance trading discount. Once you are happy with the amount given, you are given the ability to add a “Note” to this specific code. If you are planning to make multiple referral codes, then adding a name to identify them going forward more easily is a great idea and will save you a headache later.
- Sharing your newly generated Binance referral code ID and link
Lastly, you will now see your newly created unique referral code, congratulations! You can now spread the love with your own personalized referral code discount to anyone you like. Press either of the highlighted buttons shown in the image above, and the contents will be automatically copied to your clipboard for easy sharing. Enjoy!
Don’t forget you’ll need to keep 500 BNB in your account for an average of 30 days to get the full commission on referral links you share. To get the most on your holdings, make sure to use Binance flexible savings!
How Does the Binance Referral ID Kickback Bonus Program Work?
Binance’s referral program gives you the ability to share commission with your friends. Share your Binance referral ID, and whenever anyone signs up with your referral code, they get a trading fee discount for life, and you get a portion of their trading fees as a “referral ID kickback bonus” for life.
Everyone gets at least 20% commission to split with friends (you can choose your kickback amount). Meanwhile, those who hold 500 BNB or more get a 40% commission, and once you meet certain criteria, you’ll be able to apply for the Binance Affiliate Program and get up to 50% commission (see more details below).
As you can see, the system is set up to incentivize the use of BNB. As, you’ll have to have at least 500 BNB in your account to get the 40% commission, and you’ll have to use BNB to trade if you want to save an additional 25% on fees on top of the 20% offered by the code to get the full 45% off.
With that said, it is notable that once you reach the affiliate level, your BNB requirement is waived. So, influencers and media do have an option to earn the full 50% commission without spending a lot on BNB upfront (and of course, non-influencers with enough invitees have the ability to up commission and stop holding BNB if they choose).
Binance’s cryptocurrency token Binance Coin (BNB) “powers the Binance ecosystem.” BNB’s use cases include lowering trading fees on Binance, boosting referral commission, paying transaction costs on Binance Smart Chain, and more.
Binance Referral & Affiliate Programs Commission Structure
Binance’s commission structure is based on your daily average balance of BNB (see details below) and how much of your commission you want to share with your friends.
- If your daily average BNB account balance is less than 500 BNB, your base commission is 20% and you can choose to share 0%, 5%, or 10% with people you invite.
- If your daily average BNB account balance is less than 500 BNB, your base commission is 40% and you can choose to share 0%, 5%, 10%, 15%, or 20% with people you invite.
If you join the Binance Affiliate program, the BNB minimum balance is waived, your base commission is 40% for less than 1000 referred users and 50% for more than 1000 referred users, and you can choose to share 0%, 5%, 10%, 15%, or 20% with people you invite.
Check out the Binance Commission Structure tables below for a quick and easy way to see commissions and potential discounts at a glance.
|BNB Amount||Base Referral Rate||Commission Share|
|Less than 500 BNB||20%||0%, 5% or 10%|
|500 BNB or more||40%||0%, 5% or 10%, 15%, or 20%|
|Category||# of total referred users||% of commission||Note|
|Standard||Less than 1000||40%||BNB holding requirement waived|
|More than 1000||50%||BNB holding requirement waived|
|Media||–||Instant 50%||BNB holding requirement waived|
How to Join the Binance Affiliate Program
Anyone with a Binance account can participate in the referral program, but you have to apply to join the Binance Affiliate program.
The first step to joining the affiliate program is creating a Binance account, so if you haven’t done that already, create a Binance account first. Once that is done, you’ll need to submit your application by filling out the official Binance Affiliate application.
Once you are approved, your commission will be increased up to 40%. From there, you can boost it further by gaining more invitees.
Binance Referral Program Rules
To qualify for the full referral rate, you must have an average of 500 BNB over a 30 day period. Dropping below the threshold at any point can impact your rate. Given this, you’ll always want to maintain a 500 BNB balance if you offer your own referral code and aren’t doing the Affiliate program to waive the requirement.
If your daily average BNB balance is less than 500 BNB, your base referral rate will be reduced from 40% to 20%. At this time, the percentage allotted to people you refer will be given priority, and the discount rate for others will remain unchanged. For example, if your split is 20% / 20%, and you drop below 500 BNB, your commission goes to 0%, and the discount on trading fees stays at 20%.
Please be aware, Binance may adjust the proportion of referrals at any point and reserves the right to adjust the rules of the referral program. Binance does not allow any user to self-invite through multiple accounts. Once such activity has been detected, all referrals will be canceled, and all referral commission kickbacks for the invitee’s accounts will be canceled. See these guidelines for cancelling a Binance referral.
See detailed Daily average BNB Balance Calculation Rules for more information on how Binance calculates commissions.
Binance Affiliate Program Rules
The Binance Affiliate Program has different rules than the Binance Referral Program. So, if you start as an affiliate or upgrade to an affiliate, make sure to keep the following rules in mind as well.
To qualify for the Binance Affiliate Program you have to meet the following criteria:
- A minimum of 50 users must have signed up with your Binance referral link
- At least 10 percent of the affiliate’s referral sign-ups must have made a minimum of one trade.
- The affiliate should also, on a regular basis, share all relevant Binance-related content with their followers and communities.
If an affiliate does not meet the first two conditions, the affiliate’s referrals need to reach a quarterly minimum total trading volume equivalent to or exceeding at least 50 BTC.
Assuming you meet the criteria, your base BNB holding requirement is waived, and you retain at least 40% commission. You will then be able to earn 50% commission if you sign up over 1000 users using your code. Keep in mind members of the media can skip these steps and go directly to affiliate status.
See Binance Affiliate Program Rules for more information on what it takes to join the Affiliate program.
You may be able to become a Binance affiliate if you are part of the media. Media can include influencers and bloggers. So keep in mind even if you don’t meet the referral thresholds or BNB thresholds, you may be able to raise your commission by contacting Binance.
Binance Referral Program Review
Binance’s referral program is extremely generous, not just for the invitee but importantly for the referrer as well. Pair that with Binance’s reputation and attractive fee structure, and Binance is a win for everyone. With that said, making sure you have 500 BNB in your account as a referrer is a high barrier to entry for most people. Sure, you could skip the 500 BNB step if you qualify for the affiliate program. However, being media, an influencer, or getting 500 sign-ups is… also a high barrier to entry for most people.
Even though referrers and invitees are both basically forced to use BNB or be internet famous to get the full benefit of the referral program, we are big fans of the Binance referral program (especially compared to the competition). Also, to be crystal clear, even the base-level 20% kickback to split blows most of the competition out-of-the water, so again, we are fans. We just wish the barrier to entry for maximum savings and earnings was a little lower. Regardless of our gripes, for everything it gets right, Binance’s referral program easily earns a perfect score with 5-out-of-5 stars.
Binance is one of the top cryptocurrency exchanges regarding liquidity, fees, order types, and selection. Binance has been in operation since 2017 when it was founded by current CEO Changpeng Zhao AKA “CZ” as he is know in the space. It rose to prominence in the 2017 crypto bull run, becoming the largest crypto exchange globally in terms of trading volume in 2018.
Binance has since consistently been a favorite of cryptocurrency traders worldwide as they have continued to support a wide array of trading pairs, order types, services, and contract types while retaining the trust and support of their users. They have even expanded their offerings to exchanges worldwide and to the Binance Smart Chain, which is an Ethereum competitor with its own array of tokens.
Want to learn more about Binance, blockchain, or crypto in general? Check out Binance Academy. They have great write-ups on the coins they carry, the many different products they offer, and even on competing products.
Due to Binance’s popularity, its trading pairs tend to be highly liquid, at least compared to other cryptocurrency exchanges. With that in mind, just like with other cryptocurrency exchanges, less popular pairs tend to lack liquidity and crypto can be less liquid than other types of assets. So if you are new to crypto, keep in mind that liquidity can be an issue even on the most liquid exchanges.
Binance Trading Fees
Binance has an aggressive fee schedule compared to other exchanges. Especially when paired with BNB and the referral discounts offered on this page, Binance fees are cheap (perhaps the cheapest in the industry with the discounts applied).
Add onto the above points that Binance offers volume-based discounts via their VIP program as well, and you get an extremely aggressive fee schedule. Because of this Binance has become known to set the industry standard for fees and still currently beats most of the competition to date. As seen below in the table showcasing its fee structure.
|Level||30d Trade Volume (BTC)||&/or||BNB Balance||Maker / Taker||Maker / Taker BNB25% off||Maker / TakerBNB x Referral 25% off x Kickback 20%|
|VIP 0||< 50 BTC||or||≥ 0 BNB||0.1000% / 0.1000%||0.0750% / 0.0750%||0.0600% /0.0600%|
|VIP 1||≥ 50 BTC||&||≥ 50 BNB||0.0900% / 0.1000%||0.0675% / 0.0750%||0.0540% /0.0600%|
|VIP 2||≥ 500 BTC||&||≥ 200 BNB||0.0800% / 0.1000%||0.0600% / 0.0750%||0.0480% /0.0600%|
|VIP 3||≥ 1500 BTC||&||≥ 500 BNB||0.0700% / 0.1000%||0.0525% / 0.0750%||0.0420% /0.0600%|
|VIP 4||≥ 4500 BTC||&||≥ 1000 BNB||0.0700% / 0.0900%||0.0525% / 0.0675%||0.0420% /0.0540%|
|VIP 5||≥ 10000 BTC||&||≥ 2000 BNB||0.0600% / 0.0800%||0.0450% / 0.0600%||0.0360% /0.0480%|
|VIP 6||≥ 20000 BTC||&||≥ 3500 BNB||0.0500% / 0.0700%||0.0375% / 0.0525%||0.0300% /0.0420%|
|VIP 7||≥ 40000 BTC||&||≥ 6000 BNB||0.0400% / 0.0600%||0.0300% / 0.0450%||0.0240% /0.0360%|
|VIP 8||≥ 80000 BTC||&||≥ 9000 BNB||0.0300% / 0.0500%||0.0225% / 0.0375%||0.0180% /0.0300%|
|VIP 9||≥ 150000 BTC||&||≥ 11000 BNB||0.0200% / 0.0400%||0.0150% / 0.0300%||0.0120% /0.0240%|
For more information go see the official Binance Fee Structure.
Binance Order Types
Binance offers a wide variety of order types including:
- Trailing Stop
- One-cancels-the-other (OCO)
They also offer contract-specific settings like the ability to increase margin. Check out their guide to Binance order types.
Binance Product and Coin Selection
Binance offers a wide range of coins and product types. Not only do they offer spot trading, they also offer margin and other unique products that allow you to save and earn.
Binance supports the trading of more than 150 coins and even more contracts and base pairs. While they don’t have every trading pair in cryptocurrency, they have almost all the top coins and a wide selection of alt coins to choose from. Consider the additional selection on Binance Smart Chain along with that, and you have one of the largest selections of coins and other products of any crypto platform.
Beyond just coin selection, Binance has a range of derivative products. In fact, Binance even has its own futures exchange. You can trade futures contracts directly on Binance Futures, or you can trade options directly on Binance. Whatever your crypto derivative needs, Binance has you covered.
A full ist of products Binance offers includes:
- Spot trading
- Leveraged Tokens
- Credit Cards
- And Opportunities to Earn Including Savings, Asset management, launch pools, and more
Binance has its own DeFi ecosystem and blockchain, Binance Chain. Once you have a Binance account, you can grab some BNB and then use it to trade on the Binance chain and participate in DeFi. There are lots of apps to check out and coins that buy that don’t trade on Binance. Just keep in mind that these products don’t have all the on-exchange coin protection’s due to being more decentralized.
Binance Security & Integrity
Binance maintained a solid reputation over the years despite a notable security breach back in 2019. To better understand how they maintained their reputation, it might be useful to closely examine Binance’s $40 million hack from back in May 2019.
The Binance hack, described by the company as a “large-scale security breach,” resulted in user passwords, two-factor tokens, and a whopping 7,000 Bitcoin (worth $40 million at the time) being stolen by hackers. Luckily, Binance keeps an insurance fund, called a “Secure Asset Fund,” which was used to reimburse their users.
These events prove that a hack is possible, even of one of the biggest and most well-secured exchanges. However, Binance has shown they have a plan to protect customers even in a major hack.
With that in mind, your best protection on Binance, like with any exchange, is going to be appropriately securing your account and using a non-exchange wallet for storing coins you aren’t actively trading or staking. In this respect, it is wise to use two-factor authentication to secure your account, to double-check you are visiting the correct website when logging in, and generally following best practices for securing your account.
Also, as noted, it can be wise to keep coins off-exchange. One solution for this is to use Trust Wallet. Trust wallet will let you control your own keys and works as a good non-custodial solution for your coins. If you don’t go that direction, you can also consider a cold-storage wallet like Ledger.
If you are doing P2P trading, you’ll want to take some extra safety precautions to ensure the other party doesn’t try to cheat you. Check out Binance’s tips for protecting yourself on Binance P2P.
Binance Accepted Payment Methods
Binance accepts a wide array of payment methods including bank transfers, debit or credit cards, cash, and of course crypto. Binance even has unique solutions for P2P payments, letting you add multiple payment sources.
In general, this means if you have a number of different solutions for onboarding from your country’s fiat currency to cryptocurrency using Binance. Likewise, you have nearly the same amount of options when it comes time to cash out. To see the full breadth of options for your country, you’ll need to create your account and get verified.
Binance Supported Countries
Binance Global supports most countries, and where they don’t, they typically offer a local Binance-branded solution. For example, Binance.US. With that in mind, we don’t have a full list of Binance’s supported countries, as one is not published. However, if you do find your country is not supported, make sure to look for a localized version of Binance in your region.
With that said, some countries that are supported will have unique limitations. For example, some countries are not eligible for the “Pay with Bank Card” Feature. With all of that said, you’ll know if your country is supported and what solutions you have when you go to the site, as if your country isn’t supported, your IP will trigger a pop-up message directing you which alternative Binance exchange to use (if any).
Binance has acquired or paterneted with a number of platforms to help better serve a diverse set of needs across the world. These platforms include:
- WazirX, India’s largest crypto exchange, was acquired by Binance in November 2019 to help Binance provide crypto exchange services to India.
- Tokocrypto, Indonesia’s fastest growing digital asset exchange in trading volumes and user registrations since 2018. Tokocrypto was intergrated with Binance in 2021 when Tokocrypto expanded to using the Binance smart chain and laucnhing their BSC token TKO.
- Binance TR, Binance’s exchange for the Turkish market which has been in operation since 2020.
- JEX, a Binance run options and futures exchange Binance acquired in 2019.
- BPLAY, a web-based interactive gaming platform that allows people to use BNB and other tokens.
Binance’s referral and affiliate programs are hard to beat, BNB tends to be a solid choice of crypto, and Binance is one of the most popular crypto exchanges. Thus, we highly recommend not only using the code to save on fees, but sharing your own code with your friends as well.
Binance is one of the top exchanges. Even in the past, when they have been hacked, all user funds remained safe due to the large insurance fund held by Binance. If you find yourself wondering if you can trust Binance with your funds, even after realizing it is one of the highest volume and most liquid crypto exchanges on earth, you may find extra comfort in checking their Twitter.
Your Binance Referral Code is in your ‘Account’. Look for ‘My referral ID’. In this section, you’ll be able to create your referral code, adjust your kickback amount, and more.
Referrals are calculated in real-time and paid every hour. All referrals are paid in the coin that is traded. So if someone trades Dogecoin, you’ll get your kickback bonus as Dogecoin in your Binance Dogecoin wallet.
To apply the Binance trading fee discount you must sign up using a referral code that offers a discount. Referral codes can offer up to 20%, although many offer less. To get the full 20% make sure you use a code like the one offered on our site.
You get between a 0% – 20% discount depending on how much the referrer shared with you. We share the full 20% for example, but not everyone will choose to or be able to.
When you click the referral link or input the code you’ll see the discount displayed on the signup page.
You can’t lose your discount regardless of what the referrer does, however Binance can change the terms of the program at any time.
There is no limit to how many people a single account can sign up. Remember, you can actually boost earnings if you invite more people, so invitations are always a boon and never a drawback as long as you follow the rules noted above.
The payout is based on trades done by those who sign up using your link. BNB-based and volume-based discounts are applied first and the discount from the referral code is applied after that.
The discount lasts forever. Once you lock in savings, you’ll enjoy those savings for life.
Increase commission by holding over 500 BNB, or by qualifying for the Binance Affiliate Program.
The daily average is the average amount of BNB you hold each day. What time Binance takes the snapshot is random, so to be on the safe side always hold at least 500 BNB in your account for the full commission amount.