When trading cryptocurrencies it’s important to try and reduce your trading fees. At even a fraction of a percentage, these trading fees can really add up, especially with the potential that cryptocurrency has to multiple, in the coming years. By following these few steps you can save yourself up to 45% on Binance Exchange trading fees.
Earn a 20% discount on every trade (except Binance Futures) by using referral ID GPZ64I32
How to Apply Binance Referral Code
To get a 20% discount on your Binance trading fees, you will need to enter the referral code GPZ64I32, at the time of registration. Unfortunately, if you already have a verified Binance trading account, this trading fee discount code won’t work for you.
When you sign-up to Binance Exchange you will see the screenshot below. Simply add your email, a secure password, and then enter the referral ID GPZ64I32. This is not mandatory and is optional, so make sure you don’t miss this step.
Binance Trading Fees
Binance trading fees are pretty reasonable compared to the likes of Coinbase Pro and the Blockchain.com Exchange. When trading below 50BTC (over a 30 day period), you will be charged 0.1% as a Maker or Taker fee. When trading above 50BTC these fees will come down further, as per the table below.
These fees can be reduced even further by using the referral ID GPZ64I32 on sign-up and receiving a 20% discount. If you trade using the Binance BNB token this can reduce your fees by an additional 25%.
Binance BNB Token
BNB is the native token for the Binance Chain, launched through an initial coin offering in 2017. Initially created as an ERC-20 token, based on the Ethereum network, the BNB token later swapped over to their own Binance Chain.
BNB token is versatile and has several use cases;
- By using the BNB token to trade, you can reduce trading fees by 25%
- Participate in token sales, hosted on Binance LaunchPad
- Payment method
- BNB powers Binance DEX (Binance Decentralised Exchange)
How much discount do I get with a Binance referral ID?
By using EveryBitHelps Binance referral ID GPZ64I32, you will receive 20% cashback on all trading fees. Plus, if you hold the Binance BNB token you will also receive an extra 25% discount. So, in total, you save up to 45% when trading on Binance Exchange.
How long is the Binance discount code valid for?
Binance referral discount code is valid for life and for all trades, with the exception of Binance Futures
How is Binance discount code calculated?
Trading under 50BTC (over a 30day period) you will pay 0.10% per trade, so if you trade $1,000, you will pay $1. When you add EveryBitHelps referral code you will save 10% as cashback, plus if you trade with BNB, this will then reduce the cost down by another 25%.
I understand this may seem small, but these fees do really add up over time. When you add Every Bit Helps referral code you will save 20%.
Binance Earn is a complete suite of products available for Binance users. Essentially, it acts as a crypto savings account for earning passive income with your crypto holdings. Theres a host of savings options available depending on your level of risk, term and returns.
For more information on Binance Earn click here.