Binance Referral Program

Wanted to give a quick rundown and plug for the Binance referral program, which is one of the better (only) programs for crypto exchanges. If you don't know about this program, and you use Binance, this program is definitely for you to consider.

So what the deal with this reward program? This program is different than many other reward/referral programs out there, by giving you nothing up front for referring someone. However, what you do get is 20% of every single trading fee (which used to be 50%). Every single time your friend makes a trade, you get a cut of it. Now, 20% of the trading fees may not seem like much, but it can quickly add up.

As a testimonial, I referred my friend on a whim, after introducing him to the world of crypto. He soon started making some small trades here, and I received the rewards in real time, straight into my balance, which is already pretty cool. The crazy thing is, he started making more and more trades, and pretty soon he was day trading and making good money. And here I was, doing absolutely nothing, and making quite a substantial amount of money. I would estimate that in the past 3-4 months since I referred him, I've made over a couple grand, just from sending him a referral link.

It's a pretty cool system, and you can end up with quite a few smalls stacks of coins, many you may have never seen before. It can lead you to some newer coins that you're now the proud owner of. What I did was take the different coins, and for the ones I didn't care about holding, I simply turned them into coins that I was more excited about. It also leads to having a small stack of coins that you can play with freely (no stress) - and I've done a bit of day trading with that free cash.

I never thought the reward program would net me much at all, I mostly sent it thinking "why not", but I'm now quite impressed with their program.

I can foresee them lowering the reward % as time goes on, like they did from 50% -> 20%. But in the meantime, this current rate can still net some pretty awesome rewards. Hope that I was able to shed some light on this reward program for those uninformed.