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Binance, established in 2017 by Changpeng Zhao in Hong Kong, has since relocated its operations to regions beyond the influence of Chinese authorities, enabling them to conduct their business independently.
Initially, Binance commenced its journey as a crypto-to-crypto exchange, but in 2018, they expanded their services to include support for fiat transactions. This crypto exchange platform facilitates trading for a wide array of major cryptocurrencies, including their proprietary coin, Binance Coin (BNB).
One of the standout features of Binance is its affiliate program, which is open to virtually anyone interested in cryptocurrency. Affiliates have the opportunity to earn a substantial 20% commission on the trading fees generated by their referrals. Moreover, by maintaining a balance of 500 BNB in your Binance wallet, you can amplify your commission rate to an impressive 40%.
While it's true that obtaining 500 BNB may currently cost around $7850, many dedicated affiliates find this investment to be worthwhile in the long run. Additionally, there exists an application process for those aspiring to join the elite 50% commission tier. It's important to note that this tier has stringent requirements and undergoes a manual approval process.
An appealing facet of the Binance affiliate program is the option to provide your referrals with a kickback ranging from 5% to 20%, effectively offering them a lifetime discount on their trading fees. This discount comes directly from your earned commission, making it a potentially enticing incentive to attract more sign-ups through your referral links. For individuals looking to make the most of their cryptocurrency endeavors, running the numbers on this feature is certainly worthwhile.
Given the prominent role Binance plays in the cryptocurrency landscape, it would be remiss not to explore the affiliate opportunities that come with it.
For more details, visit the Binance affiliate program.
Commission Rate: Up to 50% Affiliate PaymentÂ
Method: All Cryptocurrencies (referral trading fees)