Binance Referral Code (Jan 2023) $50 Bonus Inside

December 1, 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 the best way to invest in crypto in Canada, I recommend VirgoCX, my #1-ranked cryptocurrency exchange. VirgoCX has 250,000+ satisfied users, offers the lowest trading fees in Canada, and is offering a $20 signup bonus from now until January 30, 2023.

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:

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  • 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%.

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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 VirgoCX: Our #1-Rated Crypto Exchange In Canada

#2 In Canada

Trading Fees: 0% up to $200
Security: Best in class
Customer Support: Excellent

Top-notch security + low fees.

★★★★★

Rated 4.5/5

ZenGo is free to use, which means you get the industry's best security for no cost. Sending and receiving crypto to and from ZenGo is also free, and their 24/7 support team answers most queries in 5 minutes or less.

ZenGo’s proprietary keyless technology means that your crypto is protected by two independently created mathematical secret shares: one that lives on your phone, and another that lives in the cloud. This unique setup means that your coins are always 100% secure, and that you’ll never have any trouble accessing them, even if your phone is lost, stolen, or broken, or if ZenGo (the company) were to go bankrupt, commit fraud, or cease operations for any other reason.

As a new ZenGo user, you won't pay any trading fees on trades up to $200. ZenGo supports more than 75 crypto assets, and it takes less than 30 seconds to open your free account.

Overall, ZenGo represents the next generation of crypto: with top-level security inside an easy to use app, ZenGo offers the best of both worlds.

Features

  • Supports 75+ crypto assets
  • 24/7 customer support
  • Extremely well-rated mobile app (4.7/5 on the App Store) 
  • Face scanning technology for even greater security
  • Up to 8% APY in crypto savings 
  • Cancel or speed up your sent transactions with one tap
  • Choose from the 3 network fees modes: economy, regular, and fast (applicable for BTC, ETH, and ERC20)

Cost

  • Account Opening: Free
  • Trading Fees: 0% on trades up to $200

Best For

Crypto investors looking for the most secure trading experience + low fees.

SECURE MY CRYPTO FOR FREE
Sign up by January 30, 2023.

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.

Cryptocurrency Signup Bonuses In Canada

  • VirgoCX: $20 bonus after depositing $100 or more
  • CoinSmart: $50 bonus after depositing $200 or more
  • Bitbuy: $30 bonus after depositing $250 or more
  • Newton: $25 bonus after depositing $100 or more

Earn $347 From Our First Email