Binance Referral ID: 20% Discount and Current Code for Futures

ExchangeCashbackValidity PeriodBonus CodeBinanceBinance20%ForeverUG702FNSClick to copyGet CashbackGet CashbackBinance FuturesBinance Futures10%1 monthprivatefinanceClick to copyGet CashbackGet Cashback

Binance Referral ID is a code or link that provides discounts on trading commissions. The discount is set by the exchange partner and varies from 0 to 20% for the spot market and from 0 to 10% for the futures market. Using the referral code UG702FNS, a new Binance user will receive a 20% cashback on commissions on the spot market. And by applying the code privatefinance when opening a futures account, you can get a 10% cashback on futures.

Binance Referral ID: 20% Discount on the Spot Market

Use the referral ID UG702FNS when creating a new account on Binance and you will receive a lifetime maximum cashback of 20% on every transaction.

ExchangeCashbackValidity PeriodBonus CodeBinanceBinance20%ForeverUG702FNSClick to copyGet CashbackGet Cashback

How to Use Binance Referral ID

1. Visit the Binance website. If you do not have an account yet, your first step is to visit the official Binance website.
2. Registration. On the main page of the website, click on the "Register" button.
3. Enter your details. Fill in all the required fields, including your email address or phone number. In the "Referral ID" field, enter the code UG702FNS. By using this code, you will receive a lifetime 20% discount on spot market commissions.
4. Complete the registration. Verify your email or mobile phone. Follow the remaining instructions on the website to complete the registration process.
5. Fund your account and start trading. Once your account has been created and the referral code activated, you can start trading on Binance with a 20% discount on commissions.

Now you can enjoy a lifetime 20% discount on exchange commissions in the spot market. This is a great way to save on transactions and increase your profits.

Binance Futures Referral Code: 10% Cashback

Use this referral ID when creating an account on Binance Futures. You will receive a 10% cashback on every trade for 30 days:

ExchangeCashbackValidity PeriodBonus CodeBinance FuturesBinance Futures10%1 monthprivatefinanceClick to copyGet CashbackGet Cashback

How to Use the Referral Code on Binance Futures

1. Platform Login. If you already have an account on Binance, log in. If you do not have an account, register on the platform using this link and then you can skip the next step.
2. Opening a Futures Account. In the left navigation panel, select the item "Futures Account". If it is not yet open, follow the recommendations on the website to create it. During the process of creating a futures account or in its settings, find the field "Referral Code". In this field, enter privatefinance.

Important! Make sure that the code on the account opening page matches the one presented in the screenshot below:

With the activated referral code privatefinance, you will automatically receive a 10% cashback on trading commissions during the first month of using the futures account.

FAQ

What is a Binance Referral ID?

A Binance Referral ID is a unique code that can be used when registering on the Binance platform to receive discounts on trading commissions. By entering this code, a new user receives a discount on spot or futures commissions, and the user who shared the referral ID can receive bonuses for every trade the referral makes.

How long will the discount on your referral code last?

Using the referral code UG702FNS you will receive a 20% cashback for spot trading with no time limit, meaning forever. And with the code privatefinance you will receive a 10% cashback when trading USDⓈ-M futures for 30 days.

How to apply a referral code to an existing account?

If you already have a previously created account on Binance, you can try to apply the promo code privatefinance for opening a futures account in this section, if it has not been opened yet.

Otherwise, we recommend creating a new account with another email using our referral code UG702FNS and undergo identity verification on it. If you have already completed verification on an existing account – contact Binance support via online chat (most likely, you will need to close the old account and open a new one, activating the lifetime cashback on it).

How is the discount calculated (using the spot market as an example)?

The standard commission on Binance spot is 0.10% per transaction. If you activate a discount using Binance Coin, you save 25% on each transaction. That is, you pay only 0.075% commission per transaction. If you make a transaction for $1000, you will pay $0.75 in commission.

And with our activated referral ID, you will receive a cashback of 20% of that amount. Binance will return $0.15 to your account. Imagine how much money you can save this way by trading large volumes.

Furthermore, by actively trading large volumes, you can increase your level in the Binance loyalty system up to VIP 9 and reduce the commission to minimal values. Or even make it negative and receive money to your account for each transaction (in the case of trading COIN-M futures as a Maker).

Who are Makers and Takers?

To put it simply, a trader becomes a Maker in a particular transaction if they enter the market with a limit order, clearly defining the price, and accordingly, a Taker if they execute a market order (the transaction is executed instantly, but the price depends on the offers of Takers at that moment in time).

What does the Binance referral link offer?

The Binance referral link offers the opportunity to earn commissions from the trading activities of referred users. When a new client registers using a referral link, the participant receives a portion of the commissions charged from their trades, which encourages the distribution of the link and the attraction of new clients to the exchange.