Binance is one of the best cryptocurrency exchanges in the world and has very low trading fees starting from 0.1%.
You can use a referral ID when opening your Binance account and pay much lower fees than the standard fee of 0.1%.
Binance referral code
Binance referral code: WRYOO8BZ (20% + 25% fee discount)
To get a 20% fee discount on Binance, you can enter the code ”WRYOO8BZ” in the referral ID field when opening your Binance account.
Or you can simply click the button below to open your Binance account with a 20% fee discount:
You can also get a 25% fee discount on top of the 20% fee discount by simply holding BNB in your account and enabling the option to pay fees in BNB.
The option to use BNB to pay for fees may be enabled by default, but you should still check it on your Binance dashboard.
How much BNB should I hold to get a 25% fee discount?
As long as you have some BNB in your wallet, the trading fee will be directly deducted from your BNB balance when you make a trade.
So there is no minimum. But, if you have a small amount of BNB in your wallet, you may run out of BNB very soon as you make trades.
And, when there is no BNB left in your wallet, the trading fee will be deducted from the coin you’re trading instead and you’ll not receive a 25% fee discount.
For example, if you make a $3,000 worth of trade each day, for one month, you should have around $67.5 worth of BNB or more in your wallet to cover your fees (90,000/100*0.075).
Note that if you open your Binance account with the referral ID ”WRYOO8BZ”, you don’t need to enter a referral code when opening your Futures account on Binance.
In addition to a 20% fee discount for spot, you’ll automatically receive a 10% fee discount (max) for futures.
Binance Futures referral code
When you open your Futures account on Binance, you can enter the code ”10indirim” and get a 10% fee discount on futures trading fees.
If you’ve opened your Binance account with the code ”WRYOO8BZ”, you don’t need to enter an additional code when opening your Futures account.
You automatically get a 10% fee discount for trading in futures markets in addition to a 20% fee discount that applies to spot markets.
Besides, you can transfer some BNB to your USDS-M Futures wallet to pay fees in BNB. In this way, you can receive an extra 10% fee discount for USDS-M Futures.
Paying fees with BNB and receiving a fee discount is not possible for Binance COIN-M Futures, so you don’t need to transfer BNB to your COIN-M Futures wallet.
What is Binance referral ID?
Binance referral ID is a code that you can enter when opening your Binance account or Binance Futures account and receive a fee discount (kickback).
You can open your Binance account with a 0%, 5%, 10%, 15% or 20% fee discount.
And you can receive a 10% (max) fee discount on futures trading fees by using a referral ID when opening your Binance account or Futures account.
The maximum fee discount you can receive is 20% excluding the fee discount that comes from paying fees in BNB.
When you open your Binance account using the referral ID ”WRYOO8BZ”, you will receive a 20% fee discount for spot and a 10% fee discount for futures.
If you already have a Binance account, you can use the futures referral ID ”10indirim” when opening your Futures account and get a 10% fee discount on futures trading fees.
You can also share your own referral ID with anyone who wants to register on Binance and earn crypto together.
Where to find Binance referral ID?
You can find your own referral ID on the referral page that is located under the user icon on your Binance account.
You can generate your referral codes by choosing the fee discount your friends will receive and start sharing it on social media, etc.
Adding a Binance referral ID after registration
If you’ve registered on Binance without using a referral ID, you can’t add a referral code on your Binance account later.
But still there are a few things you can do to pay lower trading fees on Binance.
You should first hold BNB in your account and it should be enough amount of BNB to cover your trading fees.
This way, whenever you make a trade on Binance, the trading fee will be deducted from your BNB balance and you’ll pay 25% lower trading fees.
Besides that, when opening your Binance Futures account, you can enter the code ”10indirim” and receive a 10% fee discount for futures trading.
You can also transfer some BNB from your spot wallet to USDS-M Futures wallet and get an extra 10% fee discount by paying fees in BNB.
If you don’t have a Binance account yet, you can open your Binance account with a 20% fee discount by clicking the button below or using the referral ID ”WRYOO8BZ”.
Binance Futures Referral ID (optional) explained
When opening your Futures account on Binance, you can enter a futures referral ID and get a fee discount on futures trading fees.
It’s optional and not mandatory. So you can open your Binance Futures account without using a futures referral ID as well.
If you want to use one, you can enter the code ”10indirim” when opening your Futures account and get a 10% (max) fee discount for futures trading.
By using a futures referral ID when opening your Futures account on Binance, you can get a maximum fee discount of 10% for futures trading.
If you don’t even have a Binance account yet, you can open your Binance account with the referral ID ”WRYOO8BZ” or by clicking the button below:
This way you will automatically get a 10% fee discount on futures trading fees in addition to a 20% fee discount for spot.
To learn how to use and deposit money into Binance, and trade on Binance Futures, check out our tutorials below:
