How to save up to 45% on Binance trading fees in 2021? In this tutorial, I explain how to reduce Binance trading fees by up to a massive 45%. Plus, if you’re new I have a Binance referral ID for 2021 that 100% works to save a quick and easy 20% today.
When trading cryptocurrencies it’s important to try and reduce your trading fees. At even a fraction of a percentage, trading fees can really add up, especially with the potential that cryptocurrency has to multiply, in the coming years.
|Binance Referral ID||GPZ64I32|
|Binance Sign-up Bonus Offer||Get 20% Off Binance Trading Fees (Lifetime Bonus)|
|Referral Terms||Sign-up use referral ID GPZ64I32 to receive commission kickback rate of 20%|
|Bonus Last Validated||June 2021|
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 trading account, this discount may not work. However, you can sometime contact support and they might be able to add the referral code for you. This has worked for one of my subscribers, so it might be worth ago.
How to Apply Binance Referral ID?
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.
- Go to Binance.com
- Enter an email address & a strong, secure password
- Under “Referral ID (Optional)” enter GPZ64I32 (Commission Kickback Rate: 20%)
- Once you have read the term’s & happy to proceed, tick the box
- Click “Create Account“
- If you forget to add the referral ID, you can contact support
How Long is the Binance Referral Valid?
Unlike some exchange the Binance referral discount is valid for life and for all trades, so sign-up and start saving up to 45% when trading crypto.
How is Binance Discount 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 Every Bit Helps referral code you will save 20% 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.
Binance referral code is available to use in over 180 countries including the UK and Canada.
How to Save 45% on Binance Trading Fees?
By using Binance Referral ID GPZ64I32, you will receive 20% cashback commission on all trades. Plus, if you hold their 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 their BNB token this can further reduce your fees by an additional 25%.
Binance BNB Token
BNB is the native token for the Binance Smart Chain (BC), launched through an initial coin offering (ICO) in 2017. It was initially created as an ERC-20 token, based on the Ethereum network, the BNB token later swapped over to their own BC.
The BNB token is very 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 (Decentralised Exchange)
Binance Earn is a complete suite of products available to exchange 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. Click here to find our more information.
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.