The Binance referral code (also known as an invite code or referral ID) is the core of Binance's referral commission system. Entering a referral code during registration gives you real fee discounts — not a one-time perk, but a long-term discount that lasts throughout your entire trading career. Register on Binance now with the referral code automatically applied, or download the Binance app to enjoy the same benefits.
What Does a Referral Code Do?
Fee discounts: Users who register with a referral code receive a percentage rebate on fees for every trade. Depending on the referrer's tier, the rebate can range from 10% up to 40%. This means every spot and futures trade you make automatically receives a discount — no extra action needed.
Benefits both parties: The referral code is a win-win mechanism. The referred user gets fee discounts that lower trading costs, while the referrer earns commission income as a reward for bringing in new users. This incentivizes existing users to bring in new ones, while newcomers also receive tangible benefits.
Permanent validity: Once linked during registration, the referral relationship is permanent. As long as you keep trading on Binance, every trade generates a rebate. No periodic renewal or re-linking is needed.
Referral Code vs. Referral Link
Referral code: A string of characters or numbers (e.g., XIAOYI1) that you manually enter in the referral ID field during registration. Convenient for sharing verbally and easy to remember.
Referral link: A dedicated registration URL that contains the referral code, automatically filling it in when clicked. More convenient — no manual input needed, ideal for sharing online.
Both produce identical results — only the method differs. If you see a recommendation online, clicking the link is more convenient; if a friend tells you in person, manually entering the code works fine.
Can You Add a Referral Code After Registration?
Unfortunately, referral codes can only be entered during registration and cannot be added or changed afterward. This is a system restriction designed to prevent commission abuse. So if you haven't registered yet, make sure to use a referral code — don't miss out on this permanent benefit.
If you've already registered without a referral code, the only option is to re-register with a different email or phone number. However, note that Binance's policy allows only one account per person (based on KYC verification), so this approach has certain limitations.
How to Get Your Own Referral Code
After registering on Binance, you can generate your own referral code to invite friends and earn commission income:
- Log in to the Binance app
- Tap "Referral" on the home page or find "Invite Friends" in your profile
- The system automatically generates your unique referral code and link
- You can set the commission sharing ratio (share a portion of your commission with the referred user)
- Copy your code or link and share it with friends
When setting the ratio, it's advisable to share a higher percentage with the invited user (e.g., offering them a 20% rebate). This motivates friends to use your code, and you'll earn more referral commissions in return.
How Much Can You Earn from Referrals?
Suppose your monthly trading volume is 100,000 USDT with a 0.1% fee rate — that's 100 USDT in monthly fees. With a 20% referral rebate, you save 20 USDT per month, or 240 USDT per year. For active traders, that's meaningful savings.
For futures traders, leveraged positions mean actual trading volumes are much higher. For example, 1,000 USDT margin at 10x leverage represents 10,000 USDT in actual volume. Futures traders typically pay far more in fees than spot traders, making referral rebates even more valuable.
Going further, if you invite 10 actively trading friends who each generate 50 USDT in monthly fees, your referrer commission could reach 50-100 USDT per month. Over time, referral commissions can become a steady passive income stream.
Important Notes
- The referral code only needs to be entered once during registration — fee rebates are automatic from then on
- Don't trust "insider codes" online claiming ultra-high rebate rates — they may be scams
- You can view detailed rebate records in the "Referral" page of the Binance app
- Rebates are typically paid in BNB or USDT to your spot account