When registering for Binance, you often see a field for a "referral code" or "invite code." Many people don't know what it's for, let alone what benefits it provides. Register a Binance account now to enjoy referral code benefits, and get the Binance APP for a more convenient mobile experience.
What Is a Referral Code
A Binance referral code is part of Binance's referral program. Every existing Binance user has a unique referral code. When a new user registers with this code, both parties receive certain benefits.
At its core, the referral code is a win-win incentive: new users who register with a referral code get a trading fee discount, while the referrer earns a portion of the new user's trading fees as commission.
Specific Benefits of Using a Referral Code
Trading fee discount. This is the most direct benefit for new users. After registering with a referral code, you get a discount on trading fees. The exact discount percentage depends on the referrer's settings, typically ranging from 10% to 20%.
For example: if a trade normally costs 10 USDT in fees, and the referral code provides a 20% fee rebate, you effectively pay only 8 USDT. While the individual savings seem small, frequent traders save a significant amount over time.
New user task rewards. Binance frequently launches welcome events and tasks for new registrations. Users who register through referral codes sometimes receive additional rewards, such as trial funds or fee coupons.
Ongoing cashback. The fee discount from using a referral code is permanent, not limited to the first trade. As long as you trade on Binance, you continue to enjoy the discounted rate.
What If You Don't Use a Referral Code
If you register without filling in a referral code, you'll use Binance at standard rates without any fee discounts. The referral code cannot be added after registration, so the benefit is permanently missed.
We strongly recommend using a referral code when registering. Registering through Yihang's link automatically associates the referral code — no manual entry needed to enjoy the discount.
Referral Code vs. Promotion Code
Some users confuse referral codes with promotion codes. Promotion codes are periodic offer codes with expiration dates and limited availability, redeemable on specific event pages for rewards.
Referral codes are used during registration and can only be entered at that point. Once registered, they remain permanently active. These are different concepts, but both benefit users.
How to Verify Your Referral Code Is Active
After registration, you can verify in the Binance APP whether your referral code is active:
Go to Profile → Referral Program (or Invite Friends). If it shows you were invited by someone, the referral code is active. You can also check your transaction records for fee rebate entries.
You Can Invite Others Too
After registering on Binance, you also receive your own unique referral code. You can share it with friends and family. When they register through your code and trade, you also earn commission income.
The more people you invite, the more passive income you earn. Some Binance users earn considerable monthly commissions through active referral promotion. This is one of the reasons Binance's referral program is so popular.
In summary, the referral code is a tangible benefit Binance offers users. Use it and you enjoy a fee discount; don't use it and you miss out for good. When registering, always remember to use a referral link or manually enter a referral code.