Binance Referral Code (Sep 2022) $50 Signup Bonus

August 14, 2022
Blog

Binance is a global cryptocurrency exchange that supports a wide range of cryptocurrencies; it’s an excellent option for more seasoned traders who want to invest in various digital currencies. It has several interesting features, including Binance Earn and Binance Futures Battle.

Binance has a referral program for new clients: by using the referral code 59498724 (or the link), you will receive a fee rebate on all your transactions of up to 20%. You will also receive your own referral code, and an additional $100 if you complete a couple of easy tasks.

Alternatively, if you’re looking for a highly secure way to start investing in crypto, I recommend CoinSmart, my #1-ranked cryptocurrency exchange. CoinSmart has 250,000+ satisfied users, charges very low trading fees, and is offering a $50 signup bonus from now until September 31, 2022.

CLAIM MY $50 BONUS
Offer ends September 31, 2022.

How To Use Your Binance Referral Code

Binance has a referral program for new traders. When you sign up with the code 59498724, you will receive a rebate of up to 20% of the fees associated with transactions. You can also complete simple tasks to earn up to $100 – keep in mind that you have seven days to complete these tasks (starting from the day you create your account). These tasks are First Fiat or P2P deposit, first crypto deposit, and Spot trading.

To use the promo code:

  • Visit Binance‘s page. Click on the Register Now button.  
  • Enter an email and create a password. (important: you have to use the referral code 59498724 before continuing – you will not be able to use it after you create your account, and you will miss out on the bonus).
  • Complete the verification process.

What Is Binance?

Binance is a cryptocurrency exchange that is currently the world’s largest volume of daily trading activity. It began operations in 2017 and is based in the Cayman Islands.

Binance’s founder, Changpeng Zhao, is a software engineer who previously created high-frequency trading software. Binance was originally founded in Hong Kong but subsequently moved its headquarters outside of the country due to growing government intervention in cryptocurrencies.

What Coins Does Binance Offer?

Binance supports over 300 cryptocurrencies and over 50 fiat currencies. This is easily one of the largest arrays of supported crypto coins across Canadian and international crypto exchanges. Here are some of the top cryptocurrencies they currently support:

Bitcoin (BTC),    Tether (USDT), Ethereum (ETH), TrueUSD (TUSD), Bitcoin Cash (BCH), among many others. For the full list of cryptocurrencies available, here’s our complete Binance review.

Binance Features

Some of Binance’s best features include:

  • Advanced Trading Platform, access to advanced charting tools, and you can place stop-loss and take-profit orders to limit your losses or secure profits.
  • Binance Visa Card.
  • Additionally Binance Earn, allows you to stake some crypto coins and earn staking rewards at an APY rate of 0.8% to 123%.
Want to earn $50 in the next 6 minutes?

CoinSmart is a highly-rated, fully regulated Canadian crypto platform that’s giving new users $50 for depositing $200 or more. Withdraw your money at any time (and keep the $50).

Click below to claim your $50 bonus today. Offer ends September 31, 2022.
CLAIM MY $50 BONUS
Offer ends September 31, 2022.

Binance Fees

When you deposit cryptocurrency tokens from an external wallet to your Binance wallet, you will not be charged any crypto deposit fees. 

  • 0%-3.5% fee when depositing fiat money into your account (depending on the deposit method).
  • 0%-2.5% fee when withdrawing cryptocurrency from your account (depending on the cryptocurrency token you’re transferring).

You can read our full Binance review for all the details.

Binance charges a maker-taker fee. Binance Coin (BNB) holdings and your trading volume will influence how much you pay in fees. If you use the network’s native currency, Binance Coin, to pay for gas expenses.

  • 0.02%-0.1% Maker fee
  • 0.04%-0.1% Taker fee

Binance also offers a cheaper futures trading platform. There’s also a 10% discount on trading fees paid with the BNB token.

  • 0.02% Maker fee
  • 0.04% Taker fee 

However, if you want to buy or sell coins instantly, you’ll have to pay higher fees. For instant buy/sell trade, you’ll incur a flat trading fee of 0.5%; you’ll also incur a 4.5% trading fee if you use your debit/credit card to purchase cryptocurrency directly.

How To Sign Up With Binance

#1 Visit Binance‘s page. Click on the Register Now button. 

#2 Enter an email and create a password. (important: you have to use the referral code 59498724 before continuing – you will not be able to use it after creating your account, and you will miss out on the bonus).

#3 Fill in some basic information and complete the verification process. 

#4 Alternatively, you can complete the process through the app.

Binance’s Referral Program

After creating your Binance account, you will find your referral link by entering your profile and clicking on the Referral menu. After you receive your code, you can: 

  • Share your code via text, email, or your social media audience.
  • Once referee signs up, you will receive a kickback of up to 40% (if you have over 500 BNB in your account). 
  • There’s no limit to how many people you can invite. 

Is Binance Safe?

Yes, Binance is a safe and secure cryptocurrency exchange. It has a variety of security measures to keep your crypto assets secure, including:

  • Cold storage for digital assets
  • 2-factor authentication support
  • Additional security settings such as safelisting devices, anti-phishing codes, and withdrawal address management
  • Security tips for its users to increase their account safety

Is Binance Legal In Canada?

Although Binance is not completely banned in Canada, it has been banned in Ontario for failing to adhere to OSC regulations. If you’re searching for a crypto exchange authorized in all of Canada and follows all of the country’s regulations, I recommend that you use CoinSmart.

Our Recommendation: CoinSmart

Introducing CoinSmart: Canada’s #1 Crypto Platform

Best Overall

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

$50 bonus ends September 31, 2022.

★★★★★

Rated 4.9/5

I recently broke down 10+ of Canada’s most popular crypto platforms, and CoinSmart came out on top. It scored so well because it excels on what I believe are the three most important factors when choosing a crypto platform: fees, security, and customer support.

Here’s how CoinSmart performs in each of those areas, and why I believe it's the best crypto trading platform in Canada. And to get your $50 signup bonus with CoinSmart, use this signup link and the special promo code YOREOYSTER.

#1 Lowest Fees In The Industry

CoinSmart’s trading fees are just 0.20%, the lowest of any crypto platform in Canada. And those savings add up quickly: if you trade $100,000 worth of Bitcoin in a given year (buying and selling $25,000 worth twice), you’ll save $800 in trading fees compared to a platform that charges 1% ($200 vs. $1,000).

Perhaps more important than trading fees, though, are spreads: the difference between the Buy price and the Sell price. CoinSmart has razor-thin spreads, which makes day trading possible and keeps more money in your pocket.

#2 Bank-Level Security

CoinSmart maintains a 95% cold storage policy, which means at least 95% of its users’ crypto is always held offline. This is a security measure that only the most advanced trading platforms employ, and CoinSmart is leading the charge.

CoinSmart is also the only publicly traded crypto platform in Canada, which means it’s subject to far more financial scrutiny than any other platform. It’s regulated by FINTRAC (the Financial Transactions and Report Analysis Centre of Canada) and the OSC (Ontario Securities Commission), it's an official member of the anti-money laundering group TRUST, and its financials are audited by external professionals at least once per year.

#3 Excellent Customer Support

CoinSmart offers 24/7 customer support via phone, live chat, and email, and their customer service reps are actually helpful rather than just following a script. I’ve never had to wait more than about 60 seconds on hold, and they’re very responsive via live chat and email, too. 

The only time I ran into an issue with CoinSmart, I called them and had it sorted out within 5 minutes. Keep in mind that telephone and live chat support is only available for registered users, so if you have a question for CoinSmart, the best way to get it answered is to open an account

CLAIM MY $50 BONUS
Offer ends September 31, 2022.

Conclusion

Binance is a global cryptocurrency exchange that supports a wide range of cryptocurrencies; it’s an excellent option for more seasoned traders who want to invest in various digital currencies. It has several interesting features, including Binance Earn and Binance Futures Battle.

Binance has a referral program for new clients: by using the referral code 59498724 (or the link), you will receive a fee rebate on all your transactions of up to 20%. You will also receive your own referral code, and an additional $100 if you complete a couple of easy tasks.

Other Signup Bonuses

Want to earn $50 in the next 6 minutes?

CoinSmart is a highly-rated, fully regulated Canadian crypto platform that’s giving new users $50 for depositing $200 or more. Trade with low fees and withdraw your money at any time.

Click below to claim your $50 bonus today. Offer ends October 1, 2022.
CLAIM MY $50 BONUS
Offer ends October 1, 2022.