Binance is one of the best cryptocurrency exchanges in the world and has very low trading fees starting from 0.10%.
You can use a referral ID when opening your Binance account and pay much lower fees than the standard fee of 0.10%.
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 is enabled by default, but you can 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 $67.5 worth of BNB in your wallet to cover 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 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 futures.
What is Binance referral ID?
Binance referral ID is a code that you can enter when opening your Binance account and receive a fee discount (kickback).
You can open your Binance account with a 0%, 5%, 10%, 15% or 20% fee discount.
The maximum fee discount you can receive is 20% excluding the fee discount that comes from paying fees in BNB.
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 Binance Coin (BNB) in your account. 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”.
To learn how to use and deposit money into Binance, and trade on Binance Futures, check out the tutorials below: