Not many people have the luxury to just simply hold 500 BNB forever though, which is another reason why you see referral links of over 10% very rarely. But since there is no advantage for the referrer to simply give the entirety of the 20% back to the referred person, almost nobody creates such high referral links.Īlso, in order to be eligible to create kickback values of over 10%, you need to satisfy an extra condition, which is holding 500 BNB permanently! Binance is being really smart here again, artificially increasing the demand for BNB again.
#Binance referral code discount full#
This time, the referrer has the opportunity to choose to share part of their income with the referred person! They could choose to share either 0% (like the old program), 5%, 10%, 15%, or even the full 20% with the referred person. In the new program, something really important changed. As long as they hold 500 BNB in their account, they would get a double referral bonus, and even receive 40% of the trading fees! However, the referrer had one nice extra opportunity. In the old program the referred person would always get nothing, and the full benefit of 20% would go to the referrer. Then, if we use the word ‘referrer’ we mean the person who generated a binance referral code. This is the person using the referral code to sign up and start trading on Binance.
When we use ‘referred person’ we mean the person who got referred. First let’s distinguish here between the several parties.
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