Step 1: Visit Binance.com
This step is simple. Open your browser and type in “Binance.com” click enter and it will direct you to the Binance exchange website. From there, you will be able to start your journey to using a Binance Referral ID. Refer to the images down below for a visual.
Step 3: Signing up
After clicking “register” you will be directed to the signup page. From there, you can enter your email, password and have the option to enter a Binance Referral ID. Fill up the form using your correct email and a strong Password you will remember. See image down below.
Step 2: Click “Register”
Once you finally visited the Binance.com exchange website, you can now click on “Register” located in the center of the website to begin your journey in using a Binance Referral ID/ Code. Refer to the image down below which will show you exactly where to click.
Step 4: Using a Binance Referral ID: KST185MA
Finally, you click on “Binance Referral ID (optional)” and enter referral ID: to save yourself fees on each of your trades on the Binance exchange. Binance Referral ID’s have the ability to give back earnings to the users that use them and give a commission off the trading fees so they are worth using! See image down Below to know exactly where to enter this working code.
How Does Binance Referral Work?
Binance has a referral program that rewards new and existing clients.
To get started, enter the referral ID KST185MA to get up to 20% off when you place a trade.
As a customer, you can also refer others and earn a commission whenever they trade. Navigate to the “Referral” section of your account to generate your Binance referral link or code and share it with others.
The default referral bonus is 20% of the trading fees your friends pay. You can share this bonus and give them 5% or 10% of the rewards.
If you keep a daily average balance of 500 Binance Coin (BNB) or more, your base referral rate increases to 40% and you can share up to 20% with your referrals.
The trading fees you pay on Binance varies depending on your trading fee level which ranges from VIP0 to VIP9.
Trading levels are determined by how much BTC you have traded on the spot or futures exchange, as well as how much BNB you hold.
The standard trading fee (VIP0) is 0.10%. When you pay using Binance Coin, you get a 25% discount and pay 0.075%.
The image below shows what you pay per trade depending on your trading level.
Binance Coin (BNB)
Binance has its own native coin, Binance Coin (BNB), that can be used to pay transaction fees when you trade on the platform. It is also used for payments, hotel and travel bookings, gift card purchases, loan applications, and more.
You can buy BNB with Cash (fiat) or trade it for other cryptocurrencies.
BNB can also be stored offline using a cold wallet.
As of this writing on April 14, 2021, Binance Coin was trading at $560 USD and had a market cap of $86.678 billion.
The maximum lifetime supply of BNB that will ever be in circulation is 170,532,785. As of April 14, 2021, there were 154,532,785 BNB in circulation.
Is Binance Safe?
Trading cryptocurrencies and altcoins is a risky endeavour, and you can lose 100% of your capital.
That said, Binance appears to be a legitimate business. As per its website, Binance secures your account 2FA. It also offers a Trust Wallet which supports 40+ blockchains.
One of the best ways to secure your digital assets is to move them off the exchange into a cold wallet.
Is Binance banned in the U.S.?
Binance.com is generally not available to U.S. residents, however, you can trade via Binance.US. Binance.US was launched in 2019 and supports more than 50 cryptocurrencies. It is operated by BAM Trading Services.How do I withdraw money from Binance?
You can withdraw cryptocurrency from the platform to an external address or withdraw cash (fiat) using SWIFT.
What’s your experience with other cryptocurrency platforms? Let us know in the comments.
Thanks for using our Binance Referral ID/Code! Enjoy the benefits.