Binance's referral program is one of the most popular features on the platform. Whether you're inviting others or being invited, everyone can benefit. Understanding how it works helps you continuously lower your trading costs.
How Referral Commissions Work
Here's the basic idea: Person A invites Person B to sign up on Binance. Every time B trades and pays fees, Binance returns a portion of those fees to A (that's A's "commission"). At the same time, B also gets a trading fee discount.
This commission is ongoing — as long as B keeps trading on Binance, A continues to earn. For B, the fee discount is also permanent.
What Are the Commission Rates
By default, the referrer can earn up to 20% of the referee's trading fees as commission. If the referrer holds a certain amount of BNB (500 BNB or more), the commission rate can be increased further.
On the referee's side, signing up through a referral link or entering an invite code grants up to a 20% discount on trading fees. The referrer can customize how much of the commission is shared with the referee when generating the link.
How to Get Your Own Referral Link
After logging into Binance:
- Click your profile icon → "Referral"
- On the referral page, you'll see your auto-generated referral link and invite code
- You can adjust the commission share for your friends
- Copy the link and share it
Every Binance user has their own referral link — no separate application needed.
Who Benefits More
For new users being invited, signing up through a referral link means you get a discount starting from your very first trade, with absolutely no downside. If you haven't signed up yet, it's recommended to register through a referral link to lock in the fee discount right away.
For referrers, if you have friends interested in crypto, referral commissions can become a nice source of passive income. Commissions are settled in real time and deposited into your spot account — you can view the details in your "Commission History."
Does Referral Conflict with BNB Fee Deduction
Not at all. The referral discount and the BNB fee deduction are calculated separately and can be used simultaneously. When combined, your actual trading costs drop significantly.