Binance Referral Code 2023: $100 Bonus + 45% Exclusive Discount

Last updated Jul. 5, 2024 by Peter Jakes

Binance Referral Code 2023: $100 Bonus + 45% Exclusive Discount

Cryptocurrency trading has skyrocketed in popularity over the past few years, and Binance has become the go-to platform for crypto enthusiasts. Known for its user-friendly interface, extensive coin listings, and advanced trading features, Binance continues to attract millions of users worldwide. To make the deal even sweeter, Binance offers a referral program where new users can receive substantial bonuses and discounts. In 2023, Binance’s referral program provides an unbeatable incentive: a $100 bonus plus an exclusive 45% discount on trading fees. This article will delve into the details of this referral offer, the steps to claim your rewards, and how you can make the most out of your Binance trading experience.

What is Binance?

Before diving into the referral code details, it’s essential to understand what Binance is and why it has become a significant player in the cryptocurrency world. Founded in 2017 by Changpeng Zhao, Binance quickly grew to become the largest cryptocurrency exchange by trading volume. The platform offers a multitude of features, including spot trading, futures trading, staking, and more, catering to all levels of traders from beginners to seasoned professionals.

Binance Referral Program: What You Need to Know

The Binance Referral Program is a way for current users to invite friends and earn rewards. New users who sign up using a referral code can benefit immensely. In 2023, the deal is particularly attractive: a $100 bonus plus a 45% discount on trading fees.

How Does It Work?

1. Referral Code: When a current Binance user refers a new user, the new user must input a unique referral code during the registration process.

2. Sign-Up: The new user completes the registration, including KYC (Know Your Customer) verification.

3. Claim Bonuses: After completing the KYC process and making their first deposit or trade, the new user becomes eligible to claim their $100 bonus and 45% exclusive discount on trading fees.

Step-by-Step Guide to Avail the Binance Referral Code Benefits

Let’s break down the process step-by-step to make it simple for you:

Step 1: Find a Referral Code

First, you need to get a valid Binance referral code. This usually involves being invited by a friend who already has a Binance account. Alternatively, you can find referral codes shared online by various crypto communities and websites.

Step 2: Sign Up

1. Visit Binance’s Website: Go to the official Binance website.

2. Register: Click on ‘Register’ and fill in the required details such as email and password. Make sure to enter the referral code in the designated box.

Step 3: KYC Verification

1. Verify Your Identity: To be eligible for the referral bonuses, you must complete the KYC verification process. This usually involves providing identification documents like a passport or driver’s license and a selfie for facial recognition.

2. Approval: Wait for Binance to approve your verification. This can take anywhere from a few minutes to 24 hours.

Step 4: Deposit and Trade

1. Initial Deposit: Make your first deposit to start trading. You can deposit in either fiat currency or any supported cryptocurrency.

2. Start Trading: Execute your first trade. This is a crucial step to unlock your $100 bonus.

Step 5: Claim Your Rewards

1. $100 Bonus: After your first trade, Binance will credit your account with a $100 bonus. This bonus can usually be used for trading or can be withdrawn after meeting certain criteria.

2. 45% Discount: Your account will also receive a 45% discount on trading fees. This discount significantly lowers your trading costs, making your investments more profitable.

Tips to Maximize Your Binance Experience

Utilize Staking and Savings Programs

Once you have your account set up and have claimed your referral bonuses, you might want to consider using Binance’s staking and savings programs. These offer attractive yields and can help grow your crypto holdings over time.

Take Advantage of Educational Resources

Binance Academy and Binance Blog provide comprehensive educational resources ranging from beginner guides to advanced trading strategies. Leveraging these resources can significantly enhance your trading skills.

Use Safety Features

Enable two-factor authentication (2FA) and withdrawal whitelist functions to add an extra layer of security to your account. Always keep your computer’s software up-to-date to avoid any security vulnerabilities.

Potential Pitfalls and How to Avoid Them

Watch out for Scams

Always ensure you are using an official referral code and visiting the authentic Binance website. Scams are rampant in the crypto world, and it’s crucial to stay vigilant.

Understand the Fee Structure

While the 45% discount is beneficial, it’s essential to understand the fee structure. This will help you gauge how much you’re actually saving and assist in developing your trading strategies.

Getting Assistance

Binance offers robust customer support through various channels, including live chat and email support. If you encounter any issues related to the referral code, bonuses, or any other aspect of your account, don’t hesitate to reach out to their customer support.

Conclusion

Binance’s 2023 referral program is an exceptional opportunity for both new and existing users. With a generous $100 bonus and a 45% discount on trading fees, you have the perfect chance to kickstart your cryptocurrency trading journey or boost your current portfolio. The referral program not only makes entry into the crypto world affordable but also rewarding. Follow the steps outlined in this article to ensure you claim your bonuses and make the most out of your Binance experience.

FAQs

1. How do I find a Binance referral code?

You can get a Binance referral code from a friend who is already on Binance or find them shared in various crypto communities online.

2. What is the $100 bonus used for?

The $100 bonus can generally be used for trading or withdrawing after meeting certain conditions set by Binance.

3. Is the 45% trading fee discount permanent?

No, the 45% discount is usually for a specific period. Make sure to check the terms and conditions on Binance’s website to understand the duration.

4. What is KYC verification, and why is it necessary?

KYC (Know Your Customer) verification is a process that requires you to submit identification documents to confirm your identity. It is mandatory for regulatory compliance and to prevent illegal activities like money laundering.

5. Can I use the referral code on Binance’s mobile app?

Yes, you can use the referral code when signing up on both the Binance website and the mobile app.

6. Why didn’t I receive my $100 bonus after signing up?

Each bonus has specific conditions you need to meet, such as completing KYC verification and making your first trade. Ensure you have met all requirements and, if you still face issues, contact Binance customer support.

By making the most of these bonuses and adhering to best security practices, you can optimize your trading experience on Binance. Happy trading!