If you have a large community and a following on your social media pages, you are set to earn some money through the Binance affiliate program. Binance allows you to earn up to a 50% commission on the trading fee of any trade your referral makes.
In the course registration, you can choose to be a future affiliate, a spot affiliate, or both, and in each case, the earnings are evaluated differently.
You will receive a lifetime commission for each trade your referral makes on the spot market, margin trading, or future trading.
Even if you don’t have any grown pages or websites, you can still join the Binance referral program, though your commission will be low (20% in this case).
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2 forms Of Binance Affiliate program by commission fee.
The Binance affiliate program is divided into two forms by commission fee: futures trading commission fee and spot trading commission fee.
In the course of registration, you can select whether you want to participate in the Binance future trading affiliate program, spot trading affiliate program, or both.
Whichever one you prefer, there are certain regulations that guide it, which is what we are going to be discussing in this post.
Who is qualified for the Binance affiliate program?
You can sign up for the Binance affiliate program if you have enough following (on social media pages) or traffic on your website or vlog.
The criteria for the Binance referral program are discussed below:
1) Social media Pages (Facebook, Twitter, YouTube, Instagram): Followers Must Be 5000 or higher.
2) Active Community (Financial Facebook Group, Webchat, etc.): Leaders of such groups with 500+ members can join.
3) Publishers: Website must receive a sufficient amount of monthly traffic.
How to Join the Binance Affiliate Programme
Publishers or influencers who have met the criteria can join the Binance affiliate program by following the steps below.
Step1: Set up your affiliate Account.
You can become a Binance affiliate by submitting a request using this form.
After submitting it, the Binance team will review your application and reply with either approval or decline.
Step 2: Customize your Affiliate Link.
On approval, you can customize your affiliate link for your brand. Website owners can use the pretty link WordPress plugin to customize their referral link and access their earnings from the site. If you are a YouTuber or social media influencer, there are many types of websites that will allow you to customize your affiliate link to suit your brand.
Step 3: Share Your Affiliate Link and Begin Earning.
You need to apply some strategies in order to make more from your Binance affiliate program.
Having customized your affiliate link to suit the name of your brand, you need to be strategic about sharing it.
Just like in marketing, you always want to make sure that you share the link in content that people looking to sign up on Binance would like to read. Also, you need to make it clear to them that such hyperlinks lead to the Binance signup page. You can even inform them about your referral bonus.
Binance Future Commission Vs Binance Spot Commission
Although your referral uses the same affiliate link to sign up on Binance, the commission you earn from his trading fees differs depending on whether he is trading futures or stop market.
For instance, on signing up with your affiliate link for Binance future affiliate, the exchange gives out a 40% commission fee, 30% of which is your earnings, while 10% is a discount on the trading fee of your referral, but this is not so for spot commissions.
So the table below is a detailed comparison between the future commission fee and the spot commission fee.
| Category | Base commission Rate | Referral's commission Rate | Commission Type | Payment Option | Membership Evaluation |
|---|---|---|---|---|---|
| Spot Affiliate | < 500 = 41% 500+ = 50% | No Commission | Reoccurring | Trust wallet | Once in 90 days period |
| Future Affiliate | 40% | 10% | Reoccurring | Trust wallet | Once in 90 days period |
Binance Spot Affiliate membership evaluation
On approval for the Binance Spot Affiliate Program, you can receive a 41% commission on the trading fee of your referral. This is way better than the normal 20% commission which they pay for their referral program.
Once the number of your referrals is equal to or more than 500, your commission fee on their trading charges will be increased from 41% to 50% after Binance 90-day evaluation of your affiliate account.
Binance evaluates your referral account with them once every 3 months (90 days) and after evaluation, provided you follow their policy and have their minimum referral, your lifetime commission fees remain the same.
Here are the criteria to continue earning as a Binance affiliate program after evaluation.
1. You must have at least 50 people sign up. up through your referral link.
2. At least 10% of these referrals must have begun trading.
3. You must also share binance-related content with your community.
4. If conditions 1 & 2 above above are not met, your current referral must have made a trading volume of 50BTC.
Binance Future Affiliate Membership evaluation.
On approval for the Binance Future Affiliate Program, you can receive a 30% commission on the trading fee of your referral, while your referral enjoys 10% off the trading fee, making the total commission fee 40%.
Your referral’s 10% off trading fee lasts for 30 days from the day he registered the future trading account. Also, your 30 commission fee lasts 12 months from the respective dates of futures account activation and then expires afterward.
Before you become Binance’s future affiliate, you must register a future trading account
Just like in the spot affiliate program, Binance evaluates your future referral account with them once every 3 months (90 days) and after evaluation, provided you follow their policy and have their minimum referral, you will receive a further 90 day extension.
Rules for Binance Affiliate Program.
Binance has certain rules that guide both the future affiliate program and the spot affiliate program. Violation of these rules will result in penalties like downgrading of the affiliate account (reduction of percentage commission) or total suspension from the program.
Here are some of the rules you must observe in order to continue as a Binance affiliate partner.
1) Spam Account: Binance does not allow its affiliates to solicit existing users to create new accounts.
2) Referral Kickback: Binance does not allow affiliates to share their commission with Referral.
3) Spam content: Binance does not allow its users to post false binance-related content in their community.
4) Binance does not allow his affiliates to claim compensation from them.
How much can you make through the Binance affiliate program?
You can make up to $1000 or more per month through the Binance affiliate program depending on the number of referrals you get and their consistency in trading.
Binance is the biggest cryptocurrency exchange by volume and is trusted all over the world, so becoming their affiliate can give you a huge amount of money as almost all new traders are looking to sign up with them. So why not sign up as a Binance affiliate now?
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