1. What is the Standard Referral Mode for Binance?
The referrer will be compensated with a commission on fees whenever a new user successfully referred by them joins Binance through the Standard Referral Mode transacts on any of Binance's Spot or Futures markets. This implies that you can now invite users using either a standard Spot referral link or a Futures referral link and get paid from both. Please be aware that the referral commission for the Futures market is only valid for a period of 12 months beginning with the invitee's opening of a Futures account.
2. When my invitee opens a Binance account, can they use my standard referral code?
When a user creates a Binance account, they must enter a referral code. Please double-check the referral code you or your invitees enter. The commission cannot be collected if they neglected to enter their referral code during signup or entered it incorrectly.
3. How can I view the history of my commissions?
From [Referral] - [Commission Rebate], you can view your referral commission. Every hour, the money is added to your account.
You can download your commission rebate information by clicking on the chart icon.
4. Why haven't my invitees given me the referral commission?
Every hour, real-time standard referral commission is calculated and sent to the appropriate Binance accounts. You can only get referral bonuses after your invitee completes a transaction.
For the first 12 months following their respective registration dates, you can only receive a referral commission from invitees who are regular or VIP 1 users for futures trading.
You must open a Futures account in order to receive both Spot and Futures commissions for referring friends. You can only make money from a referral's Spot trading fees if you haven't opened a Futures account and they use your Spot standard referral link to sign up.
5. How can I verify that the invitees I referred have valid UIDs?
Click [Referrals] after going to [Standard Referral]. Their UIDs are visible under [All Accounts].
6. Can I modify my referrer?
No, the referral relationship cannot be altered once it has been established.
7. What distinguishes a rebate from a referral commission?
The base referral bonus includes both the rebate rate and the referral commission rate. The inviter will be paid a referral commission once the invitee completes a transaction, and the invitee will be given a discount.
8. What is the settlement token and when will I receive the standard referral commission?
Real-time calculations are used to determine all standard referral commissions, which are then transferred to the appropriate Binance accounts every hour (both those received by inviters and those shared with their invited friends).
The settlement assets for referral commissions are identical to the commission fees produced by the invited friend's actual transaction (invitee). The settlement assets for referral commissions and returned referral commissions will be in BNB if the invitee takes advantage of the BNB fee discount.
9. When is there an update to my referral rate?
Every day at 2:00 (UTC), referral rates are computed and updated at 10:00. (UTC).
10. How can I locate my default referral link?
Log into your Binance account if you're using the Binance website, then select [Dashboard] - [Referral] - [Standard Referral].
Alternately, sign in to your Binance App and navigate to [Standard Referral] by tapping [Referral] on the home screen.
11. How do I set up, manage, and create referral links?
- After logging in, select [Dashboard] - [Referral] - [Standard Referral] from the menu. [Change referral settings >] should be clicked.
- Set the commission rebate rate for your friends by clicking [+ Add New Referral]. You can choose to share 0 percent, 5 percent, or 10 percent of the referral fee with the friends you invite, which is the default referral rate of 20 percent. To confirm, click.
- To copy the invitation link, click [Copy] and then send it to your friends. Referral commissions (those you receive and those shared with your invited friends) are calculated in real-time and transferred to the appropriate Binance accounts every hour once they successfully register at Binance and begin trading.