1. Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.
   • Starting from 2022-11-18 at 12:00 (UTC), Singapore residents are disqualified from participating in the Binance Referral Program as referrers or referred applicants. If there has been a change in your residential address, please submit your new Proof of Address. Once your document has been reviewed and updated, you will receive an email notification.
   • Binance FZE users are disqualified from participating in the Binance Referral Program as a referrer or referred applicant.
   • Due to regulatory restrictions, Binance Israel based users are disqualified from participating in the Binance Referral Program as a referrer or referred applicant.
   • Starting from 2023-08-01, users residing in Japan are ineligible to participate as referred applicants in the Binance Referral Program. In addition, users residing in other countries/regions cannot receive rewards if they have a referral relationship with users residing in Japan. Please note that current referral relationships involving Binance.com Japan users will be maintained until further notice.
   • Due to regulatory restrictions, Binance users residing in Nigeria or holding Nigerian nationality are disqualified from participating in the Binance Referral Program as a referrer or referred applicant.
   • On October 8, 2023, the United Kingdom’s Financial Conduct Authority released its new Financial Promotions Regime, which states that UK retail users cannot receive any incentive to trade. To comply with this, Binance will be removing future commissions from both new and existing UK based users.
2. Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
3. At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified:
   • Any violations of Binance's Terms of Use and its Compliance Policies, as well as attempted or proven fraud, human and/or through the use of technology;
   • Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions;
   • Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood;
   • Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.
4. Additional promotion terms and conditions can be accessed here.
5. All participants must strictly abide by the Binance Terms of Use.
6. Binance reserves the right of final interpretation of this promotion.
7. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
8. Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may 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.