![]() While there is a waitlist for the card, it is an easy way for users to spend their crypto and earn crypto-based rewards. The first one is to apply for a Binance Visa Card. There are three major finance features on Binance. While this is an advanced feature, those who know what they are doing can make a lot of money based on this. This is a form of automated trading where users can create a strategy and allow a bot to execute trades on their behalf. The last thing to remember is that Binance also offers strategy-based trading. That said, users will not feel cheated by the fee structure on Binance. Due to the number of features that the platform offers, Binance does not need to really offer low fees to convince users to trade on it. While the fees on Binance are nothing special, they are not higher than the industry average. Traders also have access to leveraged tokens, allowing them to trade futures without the fear of liquidation. There are also numerous types of futures available on the exchange, including Coin-M and USD-M. Novice crypto users can simply exchange one cryptocurrency for another, while crypto enthusiasts have access to a fully-fledged trading platform. Staying true to its reputation of being the most in-depth crypto exchange, Binance provides multiple trading interfaces. Users can engage in both spot and futures trading. The trade platform on Binance is one of the largest in terms of the number of assets on offer. This makes Binance one of the most-trusted exchanges in countries where the financial system is underdeveloped. The P2P network has over 100 ways for users to exchange crypto and fiat currencies. However, the bread and butter of the Binance exchange is the peer-to-peer (P2P) network. Users can also utilize bank transfers in certain jurisdictions to make payments. The Binance exchange is not well-known for its fees, but rather for its versatility and scale.įor example, it is extremely easy no matter where the user is based to find a payment method that is suitable for them.Īs long as their jurisdictions allow for it, Binance users can use a credit or a debit card to exchange fiat currency for crypto. This is, of course, what the platform is based around. ![]() Users of the exchange not only have access to exchanging fiat currency for crypto, but also the ability to utilize their crypto to its fullest potential.īinance offers a lot in the way of features, so let’s go through the major categories that Binance operates in and what users can do in each one. Nowadays, Binance is pretty much a complete financial institution in itself. However, it has been one of the first to roll out new features as the crypto and DeFi ecosystem has progressed. However, it is also important that they save enough of the commission for themselves that it is actually worth it for them to refer people to Binance.īinance initially began as a simple cryptocurrency exchange. Users need to ensure that they provide enough of a kickback to their referrals to make their invite code appear attractive. The split is determined by the user when generating a referral code. ![]() The commission generated by trading needs to be split between the referrals and the users who invited them. When users refer their friends, they stand to receive up to 40% commissions on the trading fees generated by their referrals. This code can then be used by friends and family to sign up to Binance. The process is simple: Users need to head to the referral program tab and generate a code. The Binance referral program is open to everyone, and new users can join the program as soon as they have set up their accounts. The two are largely the same, but differ slightly in terms of scope. That said, the biggest advantage of the Binance referral program is that it allows users to have a lot of control over how they manage their referrals and the tactics they use.īinance has both a referral and an affiliate program.
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