Last updated: 9 Aug 2024
1. What is the Binance Referral Pro Mode?
For every new user successfully referred to Binance via the Referral Pro Mode, the referrer will receive the commission from the trading fees paid by the referred user who trades on Spot, Margin and Futures.
2. Where can I find my Referral Pro code / link?
For the website, log in to your Binance account and click [Profile] - [Referral] or just click [Referral] on the footer, and then select [Referral Pro].
For Binance App, tap [Referral] on the main page and go to [Referral Pro].
3. How many Referral Pro codes / links can be created?
Each user can create up to 20 Referral Pro codes/Links.
4. Can my invitee use my Referral Pro code / link after creating their Binance account?
A referral code must be used when the user opens a Binance account. Please ensure that you and your invitees enter the correct referral code during the sign-up process. If they forget to use the referral code when signing up or enter the wrong referral code, the commission cannot be collected.
5. As a referee, can I change or remove my referrer?
No, once the referral relationship has been established, it cannot be changed or removed.
6. Can I delete my current Binance Account and register for a new account with a new referral code?
If the system detects that a user has deleted their account in order to create a new account to benefit from the referral program, Binance reserves the right to terminate all referral commissions from the account.
7. Can my sub-account be eligible for commissions?
Sub-accounts cannot invite new users, but their trading commissions will be credited to the master account's referrer.
If the sub-account opens a Futures account within 30 days after the master account opens its Futures account, the sub-account can be eligible for a Futures referral shared commission.
The sub-account’s Futures account can enjoy Futures referral shared commission for 30 days from the day the master account opens its Futures account.
Referral Process and Management
1. How do I create, set up, and manage my referral links?
Visit the Referral Pro page and click [Change referral settings] > [Add New Referral Code] to set the spot and futures rebate ratios by adjusting the progress bar.
For spot trading, the default rebate rate is 20%. You can choose to share 0%, 5%, or 10% with the friends you invite, and then click [Save].
For futures trading, the default rebate rate is 10%. You can choose to share between 0% and 10% with the friends you invite, and then click [Save].
Once you click [Save], you cannot change the rebate ratio for the created spot referral pro code/link anymore.
Create a new Spot Referral Pro link:
Adjust commission rate of Futures:
2. How can I check the UID of the referees I referred via Referral Pro?
Go to [Referral Pro] and click [Referrals]. You can see their UIDs under [My Referrals].
3. What is the default referral link/code and how can I set it?
Each user can create up to 20 spot referral links/codes, once you set up the default referral link/code, you can easily get and copy the default one on the referral page.
Click the [Edit] button on the page and then select the referral code to set it as default one.
Commission and Rebate Details
1. What’s the difference between referral commission and rebate?
The referral commission and the rebate are both components of the base referral bonus. When the invitee completes a transaction, the inviter receives the referral commission, while the invitee receives the rebate when inviter shares with invitees.
2. If I hold 500 BNB, when will my referral rate be updated?
Referral rates are reviewed at 02:00 (UTC) every day based on your BNB balance and will be updated at 10:00 (UTC).
3. Why haven’t I received the referral commission from my invitees?
- Check if your referred user trades and pay trading fee.
Once confirmed, please note that commission is calculated in real-time and transferred to the respective Binance accounts every hour. If you have not received commissions after 72 hours, please contact our customer service. - Check if the VIP level of your referred friend meets the requirements.
For Spot and Margin trading, the inviter is eligible to receive referral commissions from invitees who are regular users or VIP 1-2 users. The referral commissions will be discontinued once your referred friend reaches VIP 3 or higher.
For Futures trading, the inviter can only receive a referral commission from invitees who are regular or VIP 1 users for 12 months from their respective days of opening futures account.
4. Why can I receive the commission from my referred friend’s spot trading, but can’t receive from futures trading?
- To earn both Spot and Futures commission when referring a friend, you will need to ensure you have opened a Futures account before your referred friend opens Futures account.
- If you have opened futures account before your referred friend, please refer to the previous question to check their VIP level and futures account opening date.
5. When will I receive the Referral Pro commission and what is the settlement token?
All commissions (those received by inviters and those shared with their invited friends) are calculated in real-time and transferred to the respective Binance accounts every hour.
The settlement assets of referral commissions are the same as the transactional fees generated by the actual transaction of the invited friend (invitee). If the invitee uses BNB to pay for transactional fees for discount, the settlement assets of referral commissions and rebate will be in BNB.
6. As a referee, why can't I receive a rebate from my own future trading?
- The future trading fee rebate for the referee is only valid for 30 days from the date of Futures account activation.
- Under our Futures Referral Program, referrers can adjust the rebate rate for their referees at any time, within a range of 0% to 10%. If referrers set a 0% rebate rate, referees will not receive any rebate on their futures trading fees during their first month. Any changes to the rebate rate by the referrers will take effect immediately and will apply to all referees.
7. How do the new MiCA stablecoin rules impact the way European Economic Area (EEA) users receive commission?
Commission from Spot and Margin
From 2024-06-26, users from the EEA will receive their commission (including the commission rebate received as the inviter and the shared commission received as the invitee) in USDC or BNB. After the commission is generated, it will be calculated and converted to USDC or BNB on an hourly basis. Once the conversion is complete, the commission in BNB or USDC will be deposited into the user's Spot Wallet within 6 hours.
For example, if an invitee traded between 14:00 and 15:00, the original commission for that hour will be converted into USDC or BNB between 15:00 and 16:00 and will be transferred to the inviter's Spot Wallet within 6 hours of conversion. Inviters can check the converted USDC or BNB amount through [Standard Referral] - [Commission Rebate], while invitees can refer to [Standard Referral] - [Shared Commission] for details.
Notes:
Please note that while Binance can't assure a specific exchange rate, it will be determined by the prevailing rate at the time of conversion.
If the amount of the commission (received by the inviter) or rebate (received by the invitee) asset for a filled order, when multiplied by the exchange rate (exchange rate = price of the commission/rebate asset ÷ price of the actual distributed asset), is lower than 0.00000001 USDC (or other regulated tokens), then the commission or rebate for that filled order cannot be distributed to the inviter or invitee.
For example, the invitee traded Token A and the commission or rebate for the filled order is 0.1 Token A. The price of Token A at that time was 0.00000001 USDT, and the actual commission or rebate asset was in USDC (1 USDC = 1 USDT). Since 0.1 Token A * (0.00000001 / 1) = 0.000000001 USDC, which is lower than 0.00000001 USDC, this order is not eligible for a commission or rebate.
Commission from Futures
From 2024-06-27, users from the EEA will receive "Binance Credit" as Futures commissions. Once the commission is generated, it will be converted into "Credit" and deposited into the USDⓈ-M Futures Wallet. You can convert the received "Credit" into other digital assets via Coin Swap on the Futures page.
Please note that the conversion rate of "Binance Credit" into other digital assets is subject to the real-time rate provided by Coin Swap.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
For more detailed Terms and Conditions of the Binance Referral program, please refer to this page.
For more information about Binance’s referral programs, please visit the Referral & Affiliates FAQs page.
For more information about Binance’s referral programs, please visit the Referral & Affiliates FAQs page.