Different types of referral and codes
There are mainly two types of codes, which may cause some confusion:
The Standard Referral program is the referral code during signup, new users are typically welcomed with a delightful sign-up bonus just for joining. As part of the referral benefits, users also enjoy a reduction in trading fees. This creates an enticing package for those who trade frequently, promising a more cost-effective and rewarding trading experience.
Lite Referral codes are linked to Binance’s special promotional campaigns, offering unique incentives such as a chance to win a specific cryptocurrency bonus. Unlike the Standard Referral, these Lite codes are active only for the duration of the promotion and may include certain criteria that users must meet to qualify.
BUSD was once the standard stablecoin within Binance, paired 1:1 with the dollar and its financial custody handled by PAXOS. This setup was in place when Binance worked with various stablecoins like USDC and USDP (when users transferred USDC or USDP to Binance using the Ethereum network, their tokens were automatically converted to BUSD, facilitating trades within Binance as if using dollars).
However, this dynamic has since changed. Binance no longer automatically converts USDC and USDP to BUSD. Furthermore, the BUSD token has been retired following regulatory pressures. Despite these changes, it’s important to remember that USDP and USDC remain operational, known for being more regulated and secure stablecoins. When considering withdrawing your dollars as cryptocurrency, these stablecoins are still recommended options.
I created my account with the reference code. Now what?
After creating your account, you can make a cash deposit to start buying your first cryptocurrencies. Binance offers over 500 different cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Dogecoin (DOGE) and many others.
After buying your cryptocurrencies, if you want to hold on to them for the long term, we recommend that you transfer your coins to a personal wallet, as this is one of the great advantages of cryptocurrencies, they allow you to do your own custodianship, without having to rely on Binance anymore!
Using the Binance exchange for cryptocurrency trading and investment carries several risks:
Market Risk: The most significant risk involves the inherent volatility of the cryptocurrency market. Prices of digital assets on Binance can fluctuate wildly in short periods, leading to potential losses. This volatility is driven by various factors, including regulatory news, technological advancements, market sentiment, and broader economic factors. Traders and investors must be aware that the value of their investments can decrease rapidly, potentially leading to substantial losses.
Security Risk: While Binance employs robust security measures, no platform is immune to the risk of cyber attacks. Users must be vigilant in securing their accounts, using features like two-factor authentication, and being aware of phishing attempts. There is also the risk of losing access to your account if you forget your credentials or lose access to your two-factor authentication method.
Regulatory Risk: The regulatory environment for cryptocurrencies is still evolving. Binance, operating in multiple jurisdictions, faces varying regulations that can impact users. Changes in regulations can lead to sudden restrictions on trading certain assets, impacting the liquidity and value of holdings. Users must stay informed about the regulatory landscape in their respective countries and understand how it affects their trading and investment strategies on Binance.
Operational Risk: Binance, like any other exchange, can face operational issues such as system downtimes, which can be critical during high market volatility. During these periods, traders might not be able to access their accounts, execute trades, or withdraw funds, leading to potential losses or missed opportunities.
By understanding and managing these risks, users can make more informed decisions while using Binance for their cryptocurrency dealings. It’s crucial to undertake thorough research, employ risk management strategies, and invest only what one can afford to lose.
Hasil: 4201, Waktu: 0.0438
What has changed in 2024?
Previously, this field was called the “Binance referral code”. Currently, Binance has changed the name to “referral ID” and sometimes call it “Binance invite” but the logic remains the same. The maximum discount is still 20% on all transaction fees.
Next Steps after registering the referral code
Now that you’ve signed up for Binance using a referral code, the next step to ensure you get the most benefits (extra USDTs) is to complete identity verification.
Within your account, Binance will refer to these as tasks, and you can track the total USDT unlocked after completing each step. Be sure to do this soon (within a few days) so you don’t miss out on these bonuses, that can be as high as $600 depending on some factors.
Rekening BCA menjadi salah satu pilihan favorit masyarakat Indonesia karena keamanannya, jaringan luas, serta kemudahan akses. Namun, memiliki rekening BCA…
Page updated on November 28, 2024.
Binance is the world’s largest cryptocurrency exchange and is used by millions of people every day. Unlike Coinbase or Crypto.com that buy image rights and pay advertising to appear at the most popular sporting events, Binance has become popular organically, from user to user.
EXCLUSIVE: Stay on this page for 30 seconds to discover a hidden gem cryptocurrency our analysts have identified, with the potential for significant gains. We’ll reveal its name, ticker symbol, and a brief analysis of why we believe it’s poised to grow.
Time Remaining Until Project Reveal: 30 seconds
Alright! We appear to be entering the final phase of the bull market in 2025, historically when Ethereum outperforms Bitcoin and DeFi tokens surge. To capitalize, Balancer (BAL) stands out as the best pick: heavily discounted with 10x potential upside, it’s set to release its transformative v3 platform in the coming weeks, featuring revamped tokenomics, protocol improvements, and revenue mechanisms. In a DeFi resurgence, such narratives often drive explosive token value. Balancer’s strong fundamentals and key role in Ethereum’s ecosystem make it a prime bet* *Not financial advice
While you wait, feel free to continue browsing the page and get your Binance referral code. Don’t forget to check back here to catch the reveal of the project. Very few know about this potential for now.
In this article we will explain what the Binance referral ID is, how to fill it out and what the benefits are. Are you ready?
Is there a referral code with a discount higher than 20%?
No. Although many articles on the internet advertise their affiliate codes saying that you will get unreal discounts, Binance Terms are very clear that every Binance affiliate can choose the discount rate they will give back to their referral and which one they will give back to them as commission. Binance offers 41% commission in all. An affiliate can split it in half: 20% for the referral and 21% commission for him/her. Or he can also keep higher commissions for himself, like 31% (while 10% goes to his referred friend). Note that there is no way to pass on more than 20% to the friend, only less.
It is very easy to check this statement. When you enter the code, as we have commented before, a message will appear, so you can automatically see the discount offered.
Do not sign up with codes from dishonest people. People who lie about commissions do not deserve your trust. We at Simplifying Theory work with music and are cryptocurrency enthusiasts, believing in its future. That is why we affiliate with Binance and try to pass on the most correct and truthful information to you.
What is the easiest way to sign up at Binance with an invite code?
For beginners who like convenience, the easiest way to enter the Binance Referral ID is to click on this link to sign up: Binance Register. This way, since the registration link already contains the code, you just need to create your account as usual, without having to enter any code, as it will already be saved and associated with your account.
Making Your First Deposit
After successfully creating and verifying your Binance account, you’re ready to make your first deposit. This process is simple and seamless, ensuring that you can start trading and investing in your favorite cryptocurrencies quickly. Here’s a guide to help you through the process:
Bahasa inggris - Bahasa indonesia
Identity Verification (KYC): Unlocking the Full Binance Bonus
Once you’ve chosen your referral route and created your Binance account, it’s crucial to unlock all the features and security the platform offers – and that begins with completing the Know Your Customer (KYC) verification process. KYC is a critical step in maintaining a secure and legitimate exchange environment, safeguarding your account against fraudulent activity.
Starting the KYC process is straightforward:
Once the necessary information and documents are submitted, it’s up to Binance’s verification team to review your application. Although it may take some time based on the number of incoming requests, rest assured that Binance will send a notification once your account verification is complete.
As a reward for completing the KYC verification, Binance credits USDTs to your account as a sign-up bonus – a warm welcome to the Binance ecosystem and a little extra to kick-start your trading.
