Changpeng Zhao, popularly known as CZ, launched Binance, the world’s largest cryptocurrency exchange, in 2017. Binance, a fast-growing cryptocurrency exchange, provides traders with excellent liquidity and some of the lowest trading costs in the industry, at only 0.1 percent, making it one of the greatest crypto exchanges.
It remains one of the most popular crypto platforms, and it continues to grow in popularity by providing a wide range of appealing features for total beginners to experienced traders. Unrivaled in terms of the number of tokens and trading pairs accessible for trading.
However, because the Binance sign up bonus and trading fee reduction are only offered through select registered affiliates, not all new users will be aware of them. Thus, here are the essentials.
Current Binance Sign up Bonus & Referral Code
To qualify for the sign-up bonus, you must be recommended by an affiliate registered with this campaign, either by an eligible referral link or by manually entering a current Binance referral code, also known as a referral ID. The referral code for this Shelaf website is CPA_00IH652T3P.
Clients of this leading Altcoin exchange can open a second account as long as they only use one referral bonus, i.e., they don’t abuse the Binance bonus system – it’s common for users to need to open a second account if they lose access to their original email, or if they want to run a trading bot like Royal Q on a separate account.
Users on cryptocurrency Reddit posts claim that they can register a second Binance account if they use a different email and KYC (know your customer) verification document – such as a driver’s license if their first account collected an international passport.
What exactly is the Binance Sign Up Bonus?
The Binance sign up bonus is as follows, according to the Binance website:
A special welcome offer as a thank you for choosing Binance. After signing up, new users must complete their tasks within 7 days to qualify for our Welcome Offer rewards. Please note you must be referred by an affiliate registered with this campaign to qualify for the sign-up bonus.
Its value is up to $100 or the equivalent in your currency. Users can open accounts in USD, EUR, GBP, and a variety of other fiat currencies since the Binance exchange supports signups from nations all over the world.
Tasks and Rewards
$5 Cash Voucher
The first $5 of the up to $100 Binance bonus is applied to your account when you make a $50 or more first-time deposit using either fiat payment methods or a P2P (peer-to-peer) purchase in the Binance P2P marketplace to acquire crypto.
After signing into your account, click on your account icon and select ‘reward center’ from the drop-down menu to locate and redeem your $5 voucher.
$50 Spot Cashback Voucher
The second aspect of the Binance sign up bonus is a $50 cashback voucher that you can get when you make a $50 or more crypto deposit — for example, depositing BTC or USDT that you already have on another exchange or in a crypto wallet.
$45 Spot Cashback Voucher
When you make a first-time crypto trade of $50 or more in spot trading, you’ll get the third portion of the welcome bonus. For example, you may trade 50 USDT for BTC or vice versa, or $50 for ETH.
How a Binance Referral Link Looks
Our Binance referral code is CPA_00IH652T3P and Shelaf is a registered Binance affiliate qualified for the $100 bonus. In a user’s browser window, referral links look like this:
https://www.binance.com/en/activity/referral/offers/claim?ref=CPA_00IH652T3P
After you’ve registered a Binance account, you’ll be able to invite friends to the exchange and earn a commission every time they trade.
Terms & Conditions of Binance Sign Up Bonus
To receive all 3 welcome offer prizes — $5, $50, and $45 vouchers worth a total of $100 – new members must complete their assignments within 14 days. Cashback vouchers can be used to reduce Binance costs by applying them to trading fees.
It’s also a good idea to use a Binance affiliate’s referral link. You can either use referral links to have the referral ID automatically entered when you sign up for Binance or manually input a valid Binance referral code.
Other Binance Bonuses and Promotions
In addition to the $100 referral bonus, new Binance signups who use an affiliate link get a lifetime 20% reduction on trading costs.
If you trade frequently – putting multiple buy and sell limit orders and market orders – or invest large sums in bitcoin, this lifetime trading fee savings can rapidly outweigh the $100 Binance referral prize.
In its Binance Earn area, Binance also provides crypto staking incentives on certain currencies for passive income.
USDT or BUSD vouchers for free
Binance also runs unique bonus campaigns from time to time, like as a free 500 BUSD savings trial fund coupon in 2012. Keep up with time-sensitive promotions by visiting the ‘Latest Activities’ and ‘Latest Binance News’ sections of the website.
They’ll normally be delivered to your email as well, but you should avoid opening links in emails in case they’re phishing attacks conducted by imposters; instead, go to the Binance website or app directly.
How to Claim the Binance Sign Up Bonus
To be eligible for the $100 affiliate invitee Welcome Offer on Binance as well as the 20% discount, below are the summary of the steps:
- Click on the Binance eligible referral link
- To create an account, follow the on-screen instructions.
- Verify your identity.
- Make a fiat or peer-to-peer (P2P) deposit of $50 or more.
- Make a crypto deposit of $50 or more from another exchange.
- Trade $50 or more via spot trading
Conclusion
Binance boasts the widest variety of cryptos, Altcoins, and DeFi tokens of any crypto platform, and it has the highest trading volume. This means that the majority of traders use it to swing trade and day trade.
Read our article on How to turn $10 into $1000 (Binance Futures Trading)
