Page updated on August 29, 2025.
Binance is the world’s largest cryptocurrency exchange and is used by millions of people every day. Unlike Coinbase or Crypto.com that buy image rights and pay advertising to appear at the most popular sporting events, Binance has become popular organically, from user to user.
In this article we will explain what the Binance referral ID is, how to fill it out and what the benefits are. Are you ready?
What is the Binance Referral ID (Optional)?
A Binance referral ID is optional, and when a referrer sets the link to share the maximum, you can get up to 20% trading‑fee rebate on Spot & Margin via Referral Pro. This benefit is a rebate credited in USDC (not an upfront fee reduction): Binance calculates it hourly and credits your Spot wallet within up to 6 hours.
There is no invitee rebate on Futures anymore (the previous “10% for new Futures accounts” was removed effective Aug 1, 2025 for all users).
There are also extra campaign bonuses which are not guaranteed. Some Referral Lite campaigns give a Spot trading‑fee voucher (up to US$100) if you buy/deposit > US$50 within 14 days after registration. You must claim the voucher within 7 days and, once activated, it’s valid for 14 days; vouchers do not apply to API trading.
Note: You can register either through Referral Pro (ongoing Spot/Margin rebate) or Referral Lite (time‑limited voucher), not both. Availability and rewards vary by region.
After entering this code, you will see a message saying “Your commission kickback rate: 20%” as in the image below:
This means that the maximum 20% discount will be applied to your account.
How long does the 20% apply?
Binance does not describe it as “lifetime.” Today, the Spot/Margin invitee benefit is an ongoing USDC rebate under Referral Pro (when the referrer shares 20%), settled hourly and credited within up to 6 hours, and subject to program rules and regional availability.
What is the easiest way to sign up at Binance with an invite code?
For beginners who like convenience, the easiest way to enter the Binance Referral ID is to click on this link to sign up: Binance Register. This way, since the registration link already contains the code, you just need to create your account as usual, without having to enter any code, as it will already be saved and associated with your account.
What is a Binance Inviter (Optional)?
During the registration process on Binance, you’re asked if you have an Inviter. An Inviter is someone who referred you to join Binance. If you select ‘YES’ and enter the referral code ASYQFPUG in the provided field, you’ll receive a 20% discount on fees.
The image bellow is the current “Binance Inviter” field:
Futures Market Referral Inviter
Many users search Binance Futures Referral Code. Actually, when you create your account at Binance, you will have access to both the spot market and the futures market. There is no need to create two separate accounts. The same Binance Referral ID ASYQFPUG can be used for Binance Futures in 2025.
But the commision on these markets are different. Invitees no longer receive the previous 10% Futures rebate, this applies to all users, including those who were still within the old initial period. Do not expect any Futures fee rebate from a referral code. You can check it yourself on this official anouncement (section “Summary of Major Updates“).
Next Steps after registering the referral code
Now that you’ve signed up for Binance using a referral code, the next step to ensure you get the most benefits is to complete identity verification.
Open the tab Rewards Hub to see any available tasks. Bonuses are campaign‑based. A common example is Referral Lite: if you buy/deposit > US$50 within 14 days, you can unlock a Spot trading‑fee voucher (up to US$100), you must claim within 7 days, and once activated it’s valid for 14 days; not applicable to API trading. Some tasks may require KYC. Reward amounts and availability vary by campaign and region.
Within your account, Binance will refer to these as tasks, and you can track the total bonus unlocked after completing each step. Be sure to do this soon (within a few days) so you don’t miss out on these bonuses.
Identity Verification (KYC): Unlocking the Full Binance Bonus
Once you’ve chosen your referral route and created your Binance account, it’s crucial to unlock all the features and security the platform offers – and that begins with completing the Know Your Customer (KYC) verification process. KYC is a critical step in maintaining a secure and legitimate exchange environment, safeguarding your account against fraudulent activity.
Starting the KYC process is straightforward:
- Navigate to your profile section.
- Click on “Account” and select “Verification”.
- Binance will then provide a step-by-step guide through the verification stages. This typically involves filling in personal information and uploading identity documents such as a passport or driver’s license, plus providing proof of your residential address. It is a very quick process.
Once the necessary information and documents are submitted, it’s up to Binance’s verification team to review your application. Although it may take some time based on the number of incoming requests, rest assured that Binance will send a notification once your account verification is complete.
As a reward for completing the KYC verification, Binance credits USDTs to your account as a sign-up bonus – a warm welcome to the Binance ecosystem and a little extra to kick-start your trading.
Making Your First Deposit
After successfully creating and verifying your Binance account, you’re ready to make your first deposit. This process is simple and seamless, ensuring that you can start trading and investing in your favorite cryptocurrencies quickly. Here’s a guide to help you through the process:
Step 1: Navigate to the ‘Fiat and Spot’ Page
- Log in to your Binance account.
- Once you’re logged in, find and click on “Wallet” in the upper right corner of the homepage.
- From the drop-down menu, select “Fiat and Spot.”
Step 2: Select the ‘Deposit’ Option
- On the ‘Fiat and Spot’ page, look for the “Deposit” button and click on it. This will take you to the deposit section where you can initiate the transaction.
Step 3: Choose the Deposit Method
- You should now see the option to deposit either fiat money or cryptocurrency. Choose your preferred method.
- For fiat currency, you’ll need to select your currency from the list and proceed with the suggested payment methods (bank deposit, credit/debit card, etc.).
- For cryptocurrency, start by selecting the coin/token you wish to deposit.
Step 4: Follow the Specific Deposit Procedure
- Fiat Deposit:
- After selecting your fiat currency, choose the payment method that suits you best.
- Enter the deposit amount.
- You’ll be provided with the bank details or payment gateway information needed to complete your deposit. Follow the specified instructions to send the money to your Binance account.
- It may take some time for your funds to reflect in your Binance account, depending on the payment method and processing times.
- Crypto Deposit:
- Select the cryptocurrency you want to deposit.
- Binance will generate a deposit address for the selected cryptocurrency. Make sure you are using the correct address for the specific cryptocurrency you’re depositing – sending coins to the wrong address may result in the loss of your deposit.
- Copy this deposit address or scan the provided QR code.
- Go to the wallet or exchange from where you are transferring the cryptocurrency, initiate a withdrawal, and use the copied Binance deposit address as the recipient.
Step 5: Confirm the Deposit
- After completing either a fiat or cryptocurrency deposit, it may be necessary to wait for network confirmations or bank processing times.
- Once the deposit is confirmed and processed, the funds will appear in your Binance ‘Fiat and Spot’ wallet.
What has changed in 2025?
- Previously, this field was called the “Binance referral code”. Currently, Binance has changed the name to “referral ID” and sometimes call it “Binance invite” but the logic remains the same.
- The invitee cap remains up to 20% on Spot/Margin (via Referral Pro when shared by the referrer), settled in USDC hourly.
- The invitee Futures rebate (10%) was removed starting Aug 1, 2025.
Is there a referral code with a discount higher than 20%?
No. Although many articles on the internet advertise their affiliate codes saying that you will get unreal discounts, Binance Terms are very clear that every Binance affiliate can choose the discount rate they will give back to their referral and which one they will give back to them as commission. The invitee benefit is capped at 20% for Spot & Margin when the referrer shares the maximum via Referral Pro. On Futures, invitees no longer receive a rebate. While Binance’s evaluation can raise a referrer’s commission up to 50%, it doesn’t change the invitee cap (20%) on Spot/Margin. Note that there is no way to pass on more than 20% to the friend, only less.
It is very easy to check this statement. When you enter the code, as we have commented before, a message will appear, so you can automatically see the discount offered.
Do not sign up with codes from dishonest people. People who lie about commissions do not deserve your trust. We at Simplifying Theory work with music and are cryptocurrency enthusiasts, believing in its future. That is why we affiliate with Binance and try to pass on the most correct and truthful information to you.
Different types of referral and codes
There are mainly two types of codes, which may cause some confusion:
Referral options (choose one at sign‑up):
- Referral Pro (ongoing benefit): Up to 20% Spot/Margin rebate for invitees when the referrer shares the maximum. Rebates are settled in USDC and credited hourly. No invitee rebate on Futures. Binance
- Referral Lite (campaign voucher): Spot trading‑fee voucher up to US$100 if you buy/deposit > US$50 within 14 days. Claim within 7 days; once activated, valid 14 days; not for API trading. Lite and Pro are not combinable — you can register via one mode only.
Referral Pro
Up to 20% Spot/Margin rebate for invitees when the referrer shares the maximum. Rebates are settled in USDC and credited hourly. No invitee rebate on Futures.
Lite Referral (campaign voucher)
Spot trading‑fee voucher up to US$100 if you buy/deposit > US$50 within 14 days. Claim within 7 days; once activated, valid 14 days; not for API trading. Lite and Pro are not combinable, you can register via one mode only.
What is BUSD?
BUSD was once the standard stablecoin within Binance, paired 1:1 with the dollar and its financial custody handled by PAXOS. This setup was in place when Binance worked with various stablecoins like USDC and USDP (when users transferred USDC or USDP to Binance using the Ethereum network, their tokens were automatically converted to BUSD, facilitating trades within Binance as if using dollars).
However, this dynamic has since changed. Binance no longer automatically converts USDC and USDP to BUSD. Furthermore, the BUSD token has been retired following regulatory pressures. Despite these changes, it’s important to remember that USDP and USDC remain operational, known for being more regulated and secure stablecoins. When considering withdrawing your dollars as cryptocurrency, these stablecoins are still recommended options.
I created my account with the reference code. Now what?
After creating your account, you can make a cash deposit to start buying your first cryptocurrencies. Binance offers over 500 different cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Dogecoin (DOGE) and many others.
After buying your cryptocurrencies, if you want to hold on to them for the long term, we recommend that you transfer your coins to a personal wallet, as this is one of the great advantages of cryptocurrencies, they allow you to do your own custodianship, without having to rely on Binance anymore!
Availability
Referral availability and incentives depend on your country/region. For example, at the time of writing, participation is restricted or unavailable for Singapore, UAE (Binance FZE), Israel, Japan, Nigeria, UK retail (no incentives), Turkey, Hong Kong, among others. Always check the Referral Terms for the latest list and conditions.
Summary (What you actually get with the referral code ASYQFPUG in 2025):
• Spot & Margin: up to 20% trading‑fee rebate via Referral Pro (when the inviter shares the maximum). Rebates settle in USDC and are credited hourly.
• Futures: no invitee rebate since Aug 1, 2025. No code gives that anymore (Binance announcement).
• Campaign bonuses: via Referral Lite, some users unlock a Spot trading‑fee voucher (up to US$100) by buying/depositing > US$50 within 14 days; claim in 7 days, valid 14 days, not for API trading. You can register via Lite or Pro, but not both.
Risks
Using the Binance exchange for cryptocurrency trading and investment carries several risks:
Market Risk: The most significant risk involves the inherent volatility of the cryptocurrency market. Prices of digital assets on Binance can fluctuate wildly in short periods, leading to potential losses. This volatility is driven by various factors, including regulatory news, technological advancements, market sentiment, and broader economic factors. Traders and investors must be aware that the value of their investments can decrease rapidly, potentially leading to substantial losses.
Security Risk: While Binance employs robust security measures, no platform is immune to the risk of cyber attacks. Users must be vigilant in securing their accounts, using features like two-factor authentication, and being aware of phishing attempts. There is also the risk of losing access to your account if you forget your credentials or lose access to your two-factor authentication method.
Regulatory Risk: The regulatory environment for cryptocurrencies is still evolving. Binance, operating in multiple jurisdictions, faces varying regulations that can impact users. Changes in regulations can lead to sudden restrictions on trading certain assets, impacting the liquidity and value of holdings. Users must stay informed about the regulatory landscape in their respective countries and understand how it affects their trading and investment strategies on Binance.
Operational Risk: Binance, like any other exchange, can face operational issues such as system downtimes, which can be critical during high market volatility. During these periods, traders might not be able to access their accounts, execute trades, or withdraw funds, leading to potential losses or missed opportunities.
By understanding and managing these risks, users can make more informed decisions while using Binance for their cryptocurrency dealings. It’s crucial to undertake thorough research, employ risk management strategies, and invest only what one can afford to lose.
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