Binance's referral commission system is an important promotional mechanism, and understanding how it's calculated helps you make the most of this benefit. Register on Binance Now to start enjoying commission benefits, and Download Binance APP to check your commission data anytime.
How Referral Commissions Work
When you register on Binance using a referral code, a certain percentage of your trading fees is returned to both you and the referrer. This percentage is determined by the referrer when setting up their referral code. The commission system is a win-win design — the referred user gets a fee discount, the referrer earns passive income, and Binance attracts more users through this mechanism.
Commission Rates
Binance's standard referral rules are as follows:
- Regular Users: Can receive up to 20% commission
- Users Holding BNB: Holding at least 500 BNB enables up to 40% commission
- The referrer can set the split ratio between themselves and the referred user
For example, if the total commission rate is 20%, the referrer could set 10% for themselves and 10% for the referred user. They could also set 15% for themselves and 5% for the referred user, or other combinations. As a referred user, when choosing a referral code, prioritize those offering a higher share to the referred user so you enjoy a larger discount.
Commission Coverage: Trading fees from spot, futures, margin, and most other trading types are included in the commission calculation. However, withdrawal fees and fees from certain special products are excluded.
Calculation Example
Suppose you make a spot trade worth 10,000 USDT:
- Fee rate: 0.1%
- Fee: 10 USDT
- Commission rate (referred user): 10%
- Commission amount: 1 USDT
While the amount per trade seems small, if you're an active trader with monthly volume reaching millions of USDT, monthly commissions could reach hundreds or even thousands of USDT.
Futures Trading Commissions Are More Substantial: Because futures trading uses leverage, the actual trading volume far exceeds the margin amount. For example, with 1,000 USDT margin at 10x leverage, the trading volume is 10,000 USDT. Futures trading frequency is typically higher than spot, so commission amounts from futures often far exceed spot.
Annual Commission Estimate: Suppose monthly spot volume of 500,000 USDT + futures volume of 2,000,000 USDT, spot fee rate of 0.1%, average futures fee rate of 0.035%, commission rate of 10%. Monthly commission = (500,000 x 0.1% + 2,000,000 x 0.035%) x 10% = (500 + 700) x 10% = 120 USDT. That's about 1,440 USDT per year.
Commission Distribution
- Commissions are calculated in real-time and typically credited immediately after trade completion
- Commissions are paid in the currency of the trading pair (spot commissions in the quote currency)
- Detailed commission records can be viewed on the "Referral" page, including source and amount of each commission
- Commissions go directly into your spot account with no manual claiming needed
How to View Commission Data
In the Binance APP, go to "More" -> "Referral" to see:
- Your referral code and referral link
- Number of invited users and active users
- Cumulative commission amount and detailed records
- Contribution amount from each referred user
How to Maximize Commissions
- Register with a high-commission referral code: Compare the referred user commission rates of different referral codes before registering and choose the best one
- Hold some BNB to deduct fees: BNB deduction saves 25% on fees, while commissions may still be calculated on the original fee amount (in some cases) — double savings
- Invite more friends to register: Earn referrer commissions. If your friends are active traders, monthly passive income can be quite substantial
- Futures trading fees are typically higher than spot: Corresponding commission amounts are also larger — active futures traders generate the most lucrative commission income
- Share trading experience: Share Binance tutorials and trading insights through social media or communities to attract more people to register through your referral code
Referral commissions are a real, tangible benefit from Binance. Whether you're a referred user enjoying fee discounts or a referrer earning recommendation income, it's well worth taking advantage of.