Want to save on Binance trading fee when buying and selling your crypto? In this tutorial, I explain how to reduce Binance trading fees up to a massive 45%. Plus, if you’re new I have a Binance referral ID code for 2021 that 100% works to save an easy 20%.
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 multiply, in the coming years.
How does Binance Referral work?
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.
By following these few steps you can save yourself up to 45% on Binance Exchange trading fees.
How to Apply Binance Referral ID Code
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.
Earn 20% discount on every trade by using referral ID GPZ64I32
Step by Step Guide: How to Enter the Binance Referral Code
- Click onto this link to go to Binance and sign-up
- Ensure that the referral code is set to GPZ64I32
- Enter your email address and a strong, secure password
- Agree to the Binance Terms of Service
- Create your Account
- Start trading cryptos on Binance
How long is the Binance Referral ID valid for?
Unlike some exchange the Binance referral discount code is valid for life and for all trades, so sign-up and start saving up to 45% when trading crypto.
How is Binance Discount Referral Calculated?
Trading under 50BTC (over a 30 day 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%.
This Binance referral ID code is available to use in over 180 countries including the US, UK and Canada.
How Much Discount do I get with a Binance Referral Code?
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. In total, you could save up to 45% when combining both offers.
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 further 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)
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. There’s a host of savings options available depending on your level of risk, term and returns.
For more information on Binance Earn click here.
Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future.
After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.