How to Use a Binance Referral Code for Permanent Fee Discounts
A Binance referral code is one of the most valuable things you can apply when creating a new account. Unlike promotions that expire after a few weeks, a referral code can give you a permanent reduction on your trading fees — a benefit that compounds over time the more you trade. This guide explains exactly what referral codes are, how to use them, and how to maximize the fee discounts available to you.
What Is a Binance Referral Code?
A Binance referral code (also called a referral ID or invitation code) is a unique alphanumeric code that links a new account to an existing Binance user who referred them. When you use a referral code during registration:
- You receive a discount on your trading fees (typically a percentage off the standard fee rate)
- The person who shared the referral code also earns a commission on your trades
- The discount is permanent and applies to all eligible trading pairs
This is a win-win arrangement: you pay less in fees, and the referrer earns a small reward for bringing a new user to the platform. Binance's referral program is one of the most generous in the crypto industry.
How Much Can You Save?
Standard Binance spot trading fees are 0.10% per trade. With a referral code, you may receive a discount of up to 20% off fees (the exact discount depends on the referrer's settings). Additional fee reductions are available if you hold BNB (Binance Coin) and enable the "Use BNB to pay fees" option, which gives another 25% discount on top of any referral discount.
Over time, even a 10-20% fee reduction can save significant amounts for active traders. For example, if you trade $10,000 worth of crypto per month:
- Standard fee: $10 per month = $120/year
- With 20% referral discount: $8 per month = $96/year
- With BNB fee payment added: further reduction on top
The savings grow proportionally with your trading volume.
When to Enter the Referral Code
The referral code can only be entered during the registration process. Specifically, it must be entered before you click "Create Account." There is no way to apply a referral code to an existing account after it has been created.
This is why it is so important to enter the referral code during registration, even if you plan to start trading later. The fee discount will be applied from the moment you first trade.
Step-by-Step: How to Apply a Referral Code During Registration
Step 1: Begin the Registration Process
Go to the Binance registration page. Select whether you want to register with email or phone number, then fill in your contact information and create a password.
Step 2: Find the Referral ID Field
Below the password field (and sometimes below a "Continue" button), look for a field labeled:
- "Referral ID (Optional)"
- "Invitation Code"
- "Referral Code"
This field may be collapsed or hidden behind a link that says "Have a referral code?" Click it to expand the field if necessary.
Step 3: Enter the Code
Type or paste the referral code exactly as provided. Referral codes are typically 8-character alphanumeric strings (for example: ABCD1234). They are case-insensitive, but entering them exactly as given avoids errors.
Step 4: Verify the Code Is Accepted
After entering the code, some versions of the Binance registration page will show a brief confirmation or checkmark indicating the code is valid. If the field shows an error, double-check that you entered the code correctly.
Step 5: Complete Registration
Finish filling out the rest of the registration form and click "Create Personal Account." Your referral discount will be attached to your account from this moment.
Using a Referral Link Instead of a Code
Some referral codes are embedded directly in a URL. When you visit a referral link (such as through a banner or button on a partner website), the code is automatically pre-filled in the registration form. You will see the referral code already entered in the referral ID field when the page loads.
Always check that the referral code field is populated before completing registration when clicking a referral link, as occasionally the code does not pre-fill correctly.
What Happens After You Apply the Code?
Once your account is created with a referral code:
- Complete email or phone verification as normal
- Set up your account security (2FA, anti-phishing code)
- Complete KYC verification
- Your fee discount is already active — you do not need to take any additional steps
You can verify your referral discount is applied by going to: Profile > Referral > My Referral Dashboard. This page shows the commission rate and discount settings for your account.
Frequently Asked Questions About Referral Codes
Can I add a referral code after registration?
No. Binance does not allow referral codes to be applied after account creation. This is a firm policy. You must enter it during the initial sign-up process.
What if the referral code does not work?
Check these possibilities:
- The code may have expired (some temporary promotional codes have time limits)
- You may have made a typo — double-check each character
- The referrer may have deactivated their referral link
- Your account may already have been partially created in a previous session
Can I get a refund if I forgot to enter the code?
Binance does not retroactively apply referral discounts. If you forgot, you would need to close the account and re-register (which has its own complications). It is better to start the registration process fresh with the code entered.
Is there a limit on how many people can use a single referral code?
No. A single referral code can be used by an unlimited number of new registrants. However, Binance does limit the total commission rate a referrer can offer, and that rate is set by the referrer at the time they configure their referral link.
Does the referral discount stack with BNB fee discounts?
Yes. You can use BNB to pay trading fees for an additional 25% discount on top of your referral code discount. These two benefits are additive, giving you the best possible fee rate.
How to Create Your Own Referral Code
Once you have an account and have completed KYC, you can generate your own referral code and share it with others. Go to:
- Profile icon > Referral
- Select "Referral" in the menu
- View and copy your personal referral link and code
- Set the commission split between you and your referrals (you can give your referrals a higher discount by taking a smaller commission for yourself)
You can share your referral code on social media, in blog posts, or with friends and family. Every time someone registers and trades using your code, you earn a percentage of their trading fees as commission.
Get Started Today
Ready to begin? Sign up on Binance using our referral link and enjoy permanent trading fee discounts.
You can also download the Binance app to trade anytime, anywhere.