If you are looking for an alternative to the Bitmex Trading Platform, we recommend you should try the Binance Futures Trading platform. It is from a trusted entity like Binance and hence you can leverage or swap carefree as security or other problems won’t ever be an issue. In this article, you will get to know about Binance Futures Referral Program and how to open a Binance Futures Account using it?
The Binance Futures Affiliate Program is slightly different from the referral program which will also be detailed in this post. Using our Binance Futures Referral Code, you will be able to get a 10% discount on your Binance Futures Trading Fees for the first 30 days on every trade that you make during this period. Additionally, Binance keeps on conducting Binance Futures Tournament events, where you can make teams and trade vigorously. The trader with the largest volumes and other top traders are awarded some extravagant prizes in crypto.
Binance Futures Referral Code: 38891767
|Referral Commission||20% for 12 months|
|Kickback Discount||10% for 30 days|
Note: The Binance Futures Referral commission is up to 20% depending on your daily average BNB account balance while the Kickback discount remains the same at 10% without getting affected by other factors.
Binance Futures Registration Guide
To be able to register a Binance Futures Account, you need to be a regular Binance user. In other words, you need to be registered for a Binance Spot Market Account(Regular Binance) to be able to start with a Binance Futures Market Account. If you still don’t know how to register for Binance, Read the article below:
Further, if you want to read more about the Binance Referral Program you do it on this link above.
What You should know? – Prerequisites
- You need to have a Binance normal account to register with Binance Futures.
- Post 2020/05/11 4:00 PM (UTC), you no longer need separate referral codes for registering on Binance Spot and Binance Futures. Prior to this date, you had to register on spot using Binance Referral code and on Futures using Futures Referral ID. This is no longer the case. I will elaborate on this change in another section down below. So, keep reading!
- To get the promised 10% discount, you need to register with a Binance Referral ID or Futures Referral Code. Else, you will get registered but get no kickback commission.
- So, Do use our referral code to sign up. Your generosity will be appreciated. It’s a win-win situation for both parties involved.
Steps to open Binance Futures Account (with 10% discount)
- You must be signed in to the Spot Binance Account.
- Then click on any of the “Futures” option from the Derivatives Drop down menu.
- You have two options “Perpetual Futures or Quarterly Futures”.
- Both will lead to the Futures Exchange Page.
- Enter our Binance Futures Referral code: 38891767 in the “Open Futures Account” Block.
- Click on “Open Now”.
Your Binance Futures Account is now officially opened with a 10% discount on trading fees for the first 30 days.
For the last time, let me remind you that, If you don’t have a binance account then you cannot open a Binance Futures account. So, if you want to become a member of Binance, then you can use this Binance Referral ID : TR2AOVZQ to do so.
Binance Futures Referral Program Merger – Update
As mentioned above, Post 2020/05/11 4:00 PM (UTC), you don’t need separate Referral Links or Referral Codes for the Binance spot and Binance Futures Market. Here’s a quick summary.
- New users can register using any of the referral link or code from any of the Binance spot or Futures Referral Program.
- Similarly, it does not matter which of the two referral programs you used for sign up as both will earn you a commission on trades on both platforms governed by their own set of rules.
- The referred new user will get a discount on both platforms as per default referral ID on the spot and 10% in futures as it is a constant.
- There are no other changes other than the merger. The older referrals remain separately governed by the set of rules. Merger rules apply only to the referrals made post the date mentioned above.
Binance Futures Referral Program – Detailed Explanation
Started on 2019/12/13, this referral program has been a very popular way for Binancians as a source of passive income. Similar to its counterpart, the Binance Referral Program, this one also is beneficial for both parties. The inviter earns while the invited saves, what more can you want!
Benefits for Referrals(Binance Futures New Users)
As a new user who joins the Binance Futures Exchange using the above given Binance Futures Referral ID or any other valid Referral Code or ID, will receive 10% of the referral bonus earned by the inviter as a Kickback discount. The inviter earns from your trading fees and 10% of that earning will be shared with you as a discount on trading fees. Yes, this is it! What goes around comes around!
- No matter what the base referral rate of the inviter is, you as a referred new user will definitely get a 10% kickback discount on trading fees, no matter what.
- The only eligibility for the discount is that you have to had signed up using a Referral Code or Referral Link. Directly, signed up users will receive no such discounts on their trading fees.
- This 10% kickback discount lasts for 30 days only. After the first 30 days, this discount becomes invalid.
Benefits for Inviters (one who refers others)
As an inviter, you will get a referral bonus from the trading fees of the person whom you successfully referred. The referral bonus rates are pre-decided and you cannot change them. Although, you can customize your own very Referral Code.
- If your average BNB Balance is less than 500 BNB, then your total referral rate will be 20% of which you will only get 10%.
- If your average BNB Balance is equal to 500 BNB or more, then the total referral rate will be 30% out of which you will get only 20%.
- In both the cases, the referral bonus you earn will have an expiry time of 12 months i.e. 1 Year from the day you receive it. So, don’t forget to reap the benefits before it expires.
Where is my Binance Futures Referral Link or Code?
- Login to your Binance Account.
- Click on “Derivatives” tab on the top.
- Now, click on “Perpetual Futures or Quarterly Futures.” Both will bring you to the Binance Futures Exchange.
- Now, Hover your mouse on the “Profile” icon on the top left corner of the screen.
- A drop down menu appears. Click on “Referral.”
You have reached your Binance Futures Referral Account Page. Here you can customize your Referral Code, Share it or see your Referral Bonus history with earnings.
Steps to Customize your Binance Futures Referral Code
This is a very good feature that I think Binance spot as well as other exchanges with Referral Programs or Affiliate Programs should provide. In Binance Futures, you can customize your referral code once, the very first time. This gives you a very good chance to make your referral code apt in accordance to your promotional Blog or channel. It’s like hitting two targets at once, as you can promote a referral code as well as your blog with the same name and the earnings keep increasing with more numbers.
- Go to your Binance Futures Referral Account Page using the steps in the above section.
- Or Click on this Futures referral Page Link.
- Click on the “Customize” button.
- Now input your desired Referral Code and click on the “Confirm” button. (I suggest you to name it in an advertising friendly manner like on your blog etc.)
- Done! Now you can share your “Binance Futures Referral Code” and the link as you want.
- This customized referral code can only be generated once and cannot be changed later. Hence, choose wisely!
How to get more Referrals?
- You can invite your friends or followers on social media, Blogs, forums or YouTube to try and reach a wide variety of people. The more you successfully refer, the more you earn.
- Another way you can get more referral is by answering Binance Futures related questionnaires on forums like reddit, Quora etc.
- Alternatively, you can write Binance Futures related content on free publishing blogs like medium, publish0x etc. and leave your link or code there.
- Below is the complete chronology.
Terms and Conditions
- Referral bonus earned is calculated in real time and transferred to the respective Binance Futures Account hourly.
- Referral bonus can only be earned from referrals who are VIP 1 or below. Once the referred person reaches VIP Level 2 or more, you will stop getting any bonuses.
- Binance futures referral program is exclusive of liquidation fees.
- You can invite as many referrals as you can.
- Lastly, you cannot use advertisements on Google, Facebook etc. to propagate your Binance Futures Referral Link.
Frequently Asked Questions
Binance Futures is the Derivatives platform of Binance where you can trade in Perpetual Futures, Quarterly Futures and Leveraged Tokens. It is Binance’s answer to Bitmex.
Trading futures on Binance is very similar to any other futures exchange, the only thing being, the trades on Binance are done using USDT. So, deposit Tether, set your Leverage and go for the Contracts.
If you are a new user then sign up using the above code to get a 10% kickback discount on trading fees for the first 30 days. If you are an inviter, then each successful referral will earn you up to 20% of the trading fees, the referral pays.
No. The Binance Futures Affiliate Program is drastically different from the Referral Program where you can earn up to 40% on Trading fess. but to be approved as an affiliate you need to reach more than 1000 referrals and have a crypto community or reach of more than 500+ members.
Binance Futures – A Summary
Although, Bitmex is the largest futures exchange by volume and that is the very reason why Binance decided to open its own Bitcoin Futures platform. Binance Futures has quickly followed suit and become one of the best and largest futures exchanges in the world. You can do Futures Trading on this platform which is different from normal cryptocurrency trading as it does not involve actual coins. It is the trading of contracts that rely on the price of the underlying asset. Additionally, you can use leverage which means you are only coming with a certain collateral and you can actually trade with more than you have.
Binance Futures Trading – Features
- You can easily transfer USDT funds back and forth from spot wallet to futures wallet and vice versa.
- You can choose between Cross and Isolated Margin.
- Adjust Leverage from 1x – 125X.
- Unlike Bitmex, All contracts on Binance Futures are traded in Tether (USDT). These are perpetual swaps settled in USDT and are not an inverse contract.
- Additional usual futures options like Reduce only, Post Only, Buy Long, Sell Short, Profit & Stop Loss, Close position, Limit Order, Market Order, Stop Market, Stop Limit, Hedge mode position etc. are all available.
- The underlying asset on which Binance futures contract trading relies on is the Bitcoin pricing.
So, sign up on Binance Futures using the above referral code or referral link and get started with Binance Futures. Enjoy the 10% trading fee discount and ramp on the first month as you are already saving. If you are a seasoned crypto trader, this is your chance to convert 1BTC to 100BTC.