As the world’s largest cryptocurrency exchange by trading volume, Binance is able to offer its users a wide variety of benefits, including a generous referral program. So, how much can you earn from Binance referrals?
When you refer a friend to Binance, they will receive a 5% discount on trading fees for their first month. For every trade that your referral makes during their first month, you will earn 10% of the trading fees in the form of Binance Coin (BNB).
Assuming that your referral trades $1,000 worth of cryptocurrency per day for their first month, you would earn a total of $30 worth of BNB. If they continue to trade at the same volume for subsequent months, you would earn $15 worth of BNB per month.
Of course, the amount that you can earn from Binance referrals will vary depending on the trading activity of your referrals. Nevertheless, as one of the most popular cryptocurrency exchanges out there, Binance offers a great way to earn some extra income through its referral program.