What is Binance?
Binance is a leading blockchain and cryptocurrency platform with a product suite that includes the largest digital asset exchange by volume. Trusted by millions of investors worldwide, Binance focuses on the freedom and flow of money between individuals. Its offerings include trading, education, data, research, funding, decentralization, infrastructure solutions, social initiatives, and more.
Binance was founded by Changpeng Zhao in 2017. Its CEO is Changpeng Zhao. Its Headquarters are located in Malta. 1,500+ employees (LinkedIn) currently work there.
It boasts an impressive 2 billion average daily trading volume, with 15+ million users worldwide and 180+ tokens listed.
The website is available in 16 languages.
Products & Services
Binance allows you to buy and sell hundreds of cryptos, including Bitcoin, Ethereum, Dogecoin, and Chainlink. Trust Wallet allows you to buy, store, exchange, and earn crypto.
Buy US Dollars (BUSD) is a 1:1 USD-backed stable coin approved by the New York State Department of Financial Services (NYDFS). The Binance Coin (BNB) is a cryptocurrency used to pay fees and receive discounts on the Binance cryptocurrency exchange. It’s also considered a safe and smart Crypto coin to hold if you’re an investor.
The Binance Academy teaches various topics regarding digital currencies, trading, and finance. The Blockchain Charity Foundation (BCF) focuses on social impact and community initiatives.
The Binance Visa Card allows you to convert and spend your favorite cryptocurrencies at more than 60 million merchants worldwide. Binance Labs invests in technical teams that build and support the decentralized web.
Binance Launchpad and Launchpool are platforms that help and advise project teams on how to best issue and launch their tokens. Binance Research provides institutional-grade analysis, in-depth insights, and unbiased information to all digital asset industry participants.
The Binance API provides an easy and efficient way to integrate trading applications. Other products include brokerage, margin trading, pro tools, VIP benefits, and loans. Binance owns the CoinMarketCap website, a leading price-tracking website for crypto assets.
Binance’s Affiliate Program
The Binance referral program was launched with an impressive 50% commission on trading fees in Bitcoin (BTC). But the referral commission was reduced to 20% since then.
In 2018 Binance launched a promotion where you earn a double commission of 40% of each trading fee by holding 500 Binance coins (BNB) or more. The program’s commissions are in real-time.
To sign-up for the referral program, head to the registration page, enter your email and password and create your account. After registering you may be prompted to confirm your email address. Some people reported that when trying to register, you may receive a notification saying registration has been temporarily disabled due to a surge in popularity.
40% – 50% of the amount traded by the referred users
- Less than 1000 users referred: you get 40% of the amount your referrals trade.
- More than 1000 users referred: you get 50% of the amount your referrals trade.
BNB holding requirement is waived for all referrals
Media houses participating in the program will get instant 50% of the amount traded by qualified referrals as a commission
Starting out as a Binance Futures affiliate you will get a 30% base referral bonus. This means you get 20% of trading fees from the friends you invite and your friends get a 10% discount on trading fees.
Is Binance’s Affiliate Program Worth It?
Binance is a pioneer crypto exchange known for its secure and fast cryptocurrency transactions. If you have methods and marketing skills to promote the Binance affiliate program, then you can make very high commissions of up to 50% for completed trades.
Just be aware that your affiliate application must first be approved before you start creating and sharing referral links.
When promoting Binance’s affiliate program, remember to present yourself as an authority on Cryptocurrencies to convince potential referrals.
Avoid forcing people to click on the links. You should instead create value by providing useful information on how to trade on Binance.
By getting enough referrals, you can make passive income for years to come.