Binance

How to claim your free Binance refer a friend code

  • To claim your free Binance friend referral code, start by clicking the get ‘my friend referral code’ icon.
  • Copy your friend referral code and proceed to the Binance website.
  • You can either log into your Binance account or create one if you are a new user.
  • Paste your friend referral code in the ‘Referral ID’ box. This links your Binance account to the referral program and enables your trading fees discount.
  • Enter your user information and use a strong password to keep your account secured.
  • Review the Binance rules and agree to the rules and terms of service.
  • Double-check all the information and finish off by clicking the ‘Create account’ button. You can now trade and enjoy a discount while at it.

About Binance

Founded in 2017 by Changpeng Zhao, Binance is an exchange that provides a trading platform for cryptocurrencies. Currently, it is the largest exchange globally based on the daily trading volume. Initially, the company was based in China but later moved to the Cayman Islands in Seychelles. Binance has launched two cryptocurrencies, Binance Smart Chain and Binance Coin (BNB). Users can pay fees via Binance Coin on its exchange. Binance is compatible with multiple devices, allowing users to trade anywhere. Trading on Binance is also convenient and safe.

Binance FAQs

What is Binance and how does it work?

Binance is an online exchange that enables users to trade cryptocurrencies. The exchange supports major digital currencies. The company offers other services including institutional services, decentralized digital asset exchange, an academy that offers crypto and blockchain education and a crypto wallet. Binance also has a broker, cloud, launchpad and Labs platform.

Does Binance have trading fees in the UK?

Yes. Binance has a 0.1% trading fee in the UK. This applies to different cryptocurrencies including BTC, XRP, ETH, BCH, XLM, LTC, EOS and NEO and over 300 more digital currencies. However, Binance does not have a deposit fee.

What is the Binance wallet?

This is a platform that users can use to securely store their cryptocurrencies. The Binance wallet is also the official Binance cryptocurrency wallet that users can access Binance Chain, Binance Smart Chain and Ethereum.

How do I deposit on Binance?

You can deposit on Binance via the supported banks. These include Rizal Commercial Banking Corporation (RCBC), Robinson's Bank Corporation (RBC), Land Bank of the Philippines (LBP) and Union Bank of the Philippines (UBP).

How do I withdraw from Binance?

To withdraw from Binance, log into your Binance account and navigate to the overview page. Click the withdraw icon on the fiat currency that you want to withdraw. Select the currency followed by the payment method.

How can I buy on Binance?

To buy on Binance, you need to log in to your Binance account. You can also create an account if you do not own one. Choose the cryptocurrency that you want to buy and the fiat currency. When you enter the fiat amount, the Binance system will calculate the crypto that you will get. Choose your preferred payment method, whether debit or credit card, enter your billing information and confirm your Binance order. Once done, you will see the crypto you purchased in your Binance Spot Wallet.

How do I sell coins on Binance?

Start by logging into your Binance account. Click the sell crypto icon and select the currency that you want to sell. Enter the amount that you want to sell and select the fiat currency that you want to receive. If you wish to continue, click the ‘sell preview’ and confirm the transaction. Once the order confirmation icon pops up, click it. You will receive the fiat currency in your Binance Fiat Wallet.

Is Binance safe?

Yes. Binance is a safe exchange. The user account is protected via Two Factor Authentication.

What is Binance coin?

This is a crypto coin that is issued by the Binance Exchange. It is displayed as BNB on Binance. It has numerous applications including travel bookings, online services, transaction fees, entertainment and financial services.

Does Binance have an app I can download?

Yes. Binance has an app that you can download. However, it is only available to non- U.S residents and citizens. U.S citizens can install Binance U.S App.

Binance Reviews

Binance has a poor rating of 2.0 among 2,440 reviews on Trustpilot. Customers have complained of difficulties when withdrawing fiat currencies and high fees. The company should also improve on the customer service as customers found it hard to get a hold of them. 

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