If you are creating a new account on Binance, you will see a “Referral ID” field.
This is an optional field that allows you to enter a reference ID.
If you have a friend using Binance, you can ask them to send you their referral code.
In this way, they will receive a commission every time you buy or sell cryptocurrencies on the exchange.
However, if you don’t have friends using Binance, you can use the referral ID in this article.
The ID is available when you first create an account on Binance.
After you create an account, you will no longer be able to use your referral ID.
In this article, you will learn what Binance is, what is Binance reference code, and how to use Binance Reference ID.
What Is Binance?
Binance is the most popular cryptocurrency exchange in the world.
The exchange was founded in 2017 by Changpeng Zhao, also known as “CZ”.
At Binance, you can buy and sell cryptocurrencies like Bitcoin, Ethereum, and Binance Coin.
It has one of the lowest fees (0.1%) compared to other cryptocurrency exchanges.
In addition, Binance has a mobile app on the App Store and Google Play Store.
Then, you can trade cryptocurrencies on your mobile device.
Their website is full of useful resources such as 24/7 support, a blog, and various communities.
If you encounter a problem with the exchange, you can contact their support team via live chat.
What is the Binance Reference Code?
Binance’s reference code is “73583477”.
You can copy and paste this code into the “Referral ID” field on the Binance registration page.
Then, follow the on-screen instructions and verify your email to complete the registration process.
To find the “Reference ID” field, you need to expand the “Reference ID (optional)” heading.
The “Reference ID” field will open where you can paste the reference code.
Even if the field is optional, it is always best to use someone’s reference code as it will benefit both parties.
The referral will earn up to 40% commission each time you make a trade on the exchange.
How to Use Binance Reference ID
To use Binance’s referral ID, you need to create a new account on the exchange.
In the account creation process, paste “73583477” into the “Referral ID” field to use it.
If you use the Binance app on your mobile device, the field will be hidden by default.
To reveal it, you need to tap on the “Reference ID (optional)” header.
After tapping on the “Reference ID (optional)” header, the “Reference ID” field will appear.
Then, you will be able to use someone’s reference code there.
Once an account is created using the referral ID, the referral will receive a commission of up to 40% for each trade made on the exchange.
Here’s how to use Binance’s referral ID:
1. Join Binance
The first step is to download the Binance app on your mobile device.
You can also use Binance on a desktop.
However, the screenshots in this guide are taken on the Binance mobile app.
So, the user interface will be slightly different if you use the desktop version of the exchange.
First, go to the App Store or Google Play Store and download Binance.
Then, open the app and tap on the “Sign Up/Sign In” button.
Keep in mind that you can only use your referral ID when you create a new account on Binance.
If you already have an existing account, you will no longer be able to use your referral ID.
2. Tap “Register”
After tapping on the “Sign Up/Sign In” button, the “Sign In” page will open.
Since this is your first time on Binance, you need to create a new account.
Otherwise, you won’t be able to use the referral code.
To create a new account, tap “Register” at the top of the page.
3. Enter your email, choose a password and paste the referral ID
After tapping “Register”, the “Register” page will open.
If you use Binance on a desktop, you can use the referral link above to create an account.
Alternatively, you can use “73583477” as your referral ID.
But first, you need to enter your email address.
Then, choose a password that contains a combination of uppercase and lowercase letters.
Then, tap on the “Reference ID (optional)” header.
The “Reference ID” field will open.
In the “Reference ID” field, copy “73583477” and paste it there.
Then, follow the on-screen instructions and verify your email address to complete the registration process.
You have successfully learned how to use referral ID on Binance!
When creating a new account on an exchange like Binance, you should always use a referral ID, code, or link.
In most cases, using a referral ID will give you a bonus or some benefits.
At Binance, a referral can earn up to 40% commission whenever their friends make a trade on the exchange.
On other exchanges like Coinbase, you and the referral can earn $10 USD in free Bitcoin when you buy or sell $100 USD or more in cryptocurrencies.
If you want to direct others to Binance, you can check their schedule on the exchange by browsing the referral page.