Binance is the world’s largest cryptocurrency exchange by far, with about $2 billion in trades every day.
When you sign up using the best Binance referral code “K7SNSXP7“, you get an instant 20% discount on trading fees.
In addition, when you pay fees using the Binance Coin, you get an extra 25% discount (for a total of 45% discount off your trading fees).
Lastly, when you invite friends who sign up through your Binance referral link, you earn up to 50% of the trading commissions they pay.
This article covers how Binance’s referral program works, whether it is safe, and the fees you pay on the platform.
Binance is leaving Canada in 2023. You can check out Bitbuy or CoinSmart, which are excellent alternatives and get a $50 bonus.
Binance Referral Code K7SNSXP7
When you sign up using our Binance referral code K7SNSXP7, you get a 20% lifetime discount on trading fees.
For a limited time, you could also get a $100 USDT fee rebate and pay no trading fees when you buy and sell cryptocurrency on the platform.
The Binance promo code is automatically applied after clicking on the link, but you can also enter it manually.
How Does Binance Referral Work?
Binance has a referral program that rewards new and existing clients.
To get started, sign up using this link or enter the Binance referral code K7SNSXP7 to get up to 20% off when you place a trade.
As a customer, you can also refer others and earn a commission whenever they trade. Navigate to the “Referral” section of your account to generate your Binance referral link or code and share it with others.
The default referral bonus is 20% of the trading fees your friends pay. You can share this bonus and give them 5% or 10% of the rewards.
If you keep a daily average balance of 500 Binance Coin (BNB) or more, your base referral rate increases to 40%, and you can share up to 20% with your referrals.
Binance $100 Bonus
New Binance clients can earn up to a $100 welcome bonus in addition to the fee discounts. To take advantage of this offer, use the referral link above or enter the code K7SNSXP7.
Up to a $100 USDT trading fee rebate is up for grabs if you complete all three tasks as follows within 14 days of joining:
| Steps | Reward |
| After account verification | A 20 USDT trading fee rebate voucher |
| Make first deposit worth a minimum of $10 in crypto via P2P/fiat channels/crypto deposit | A 30 USDT trading fee rebate voucher |
| Complete your first trade worth a minimum of $10 in crypto | A 50 USDT trading fee rebate voucher |
When you place a trade on Binance Spot, the trading fee is rebated to your Spot wallet while the rebate vouchers are valid.
After meeting the requirements for each reward, click the Redeem link in the Task Center and then visit the Reward Center to claim the bonus.
Watch out for the occasional Binance Mystery Box promotions and bonuses that offer up to $500 when you unlock mystery boxes.
Binance.US Promo Code Bonus
Binance.US is the US operation of the Binance exchange. It supports over 100 cryptocurrencies and offers advanced trading tools. This platform is only open to US residents.
Trading fees on Binance.US range from 0.075% to 0.45%, depending on the trading pair and your trading volume.
New users can sign up using a Binance.US referral code and get up to a $50 $10welcome bonus. Here’s how it works:
- Visit Binance.US via this link
- Enter the Binance.US referral code BINANCEUS in the Coupon Code section to get a $10 bonus after trading at least $100 within the first 30 days.
Enter the Binance.US referral code BINANCEGIFT in the Coupon Code sectionComplete your profile and pass verificationEarn a $25 bonus when you trade $300 or moreOr you can earn a $50 bonus when you trade $500 or more (limited-time offer)
What is Binance?
Binance was founded in 2017 by Changpeng Zhao.
It supports trading more than 600 coins, including popular ones like Bitcoin, Ethereum, Litecoin, Dogecoin, Cardano, Polkadot, Stellar, and more.
In addition to its robust spot market offerings, you can trade coins through its derivatives markets using various futures and options products. Binance also offers crypto staking.
New customers who sign up must verify their identity and complete KYC documentation. This process is quick (less than 1 hour) and is completed online.
Binance is available as a desktop application on Windows and Mac. There is also a Binance app you can download on iOS and Android devices.
Binance Fees
The trading fees you pay on Binance vary depending on your trading fee level, which ranges from VIP0 to VIP9.
Trading levels are determined by how much BTC you have traded on the spot or futures exchange and how much BNB you hold.
The standard trading fee (VIP0) is 0.10%. When you pay using Binance Coin, you get a 25% discount and pay 0.075%.
Binance trading fees range from 0.015% to 0.10%.
The image below shows what you pay per trade, depending on your trading level.
Binance Coin (BNB)
Binance has its native coin, Binance Coin (BNB), that can pay transaction fees when you trade on the platform. It is also used for payments, hotel and travel bookings, gift card purchases, loan applications, and more.
You can buy BNB with Cash (fiat) or trade it for other cryptocurrencies. When you pay your trading fees on Binance, you get an additional 25% discount of the standard fee schedule.
BNB can also be stored offline using a cold wallet such as the Ledger Wallet.
As of this update, Binance Coin was trading at $289 USD and had a market cap of $46 billion.
The maximum lifetime supply of BNB that will ever be in circulation is 200,000,000.
Is Binance Safe?
Trading cryptocurrencies and altcoins is a risky endeavour, and you can lose 100% of your capital.
That said, Binance is a legitimate business. As per its website, Binance secures your account using 2FA. It also offers a Trust Wallet which supports 40+ blockchains.
One of the best ways to secure your digital assets is to move them off the exchange into a cold wallet such as Ledger Nano X.
Your coins are secure when you control your private keys, and the best way to ensure this is to move them off centralized crypto exchanges.
Is Binance Legal
Binance operates legally in many countries worldwide. That said, it is banned in some countries.
If you are a resident of Ontario in Canada or live in the United States, you cannot use Binance. That said, you could use Binance.US if you live in the US. And it is available in other Canadian provinces.
Binance is working to meet the regulatory requirements in several countries.
Binance Alternatives in Canada
If you are looking for alternative cryptocurrency trading platforms to Binance in Canada, such as in Ontario, you can take a look at:
Bitbuy
Bitbuy is one of Canada’s largest crypto exchanges. It supports 40+ coins and offers a trading platform for beginners and experienced traders. Large crypto traders can also use its OTC desk for better spreads.
You get a $50 bonus when you deposit an initial $250 or higher.
Bitbuy Crypto Exchange
Get a $50 bonus if your initial deposit exceeds $250
Trade approx. 40 coins
Great for new & advanced traders
0% to 2% trading fee
CoinSmart
This platform supports 16 coins and is great for new and experienced crypto investors. New clients get a $50 bonus after depositing $200. CoinSmart is one of the best crypto exchanges in Canada.
CoinSmart Crypto Exchange (now Bitbuy)
Top crypto exchange in Canada (now Bitbuy)
Great for new & advanced traders
Competitive trading fees
Get a $50 bonus when you deposit $250
VirgoCX
VirgoCX is another crypto trading platform with more than 60 coins. It offers new clients a $20 bonus when they deposit $100 or more and complete KYC.
VirgoCX
Get a $20 bonus when you deposit $100
Great crypto broker for newbies
0.50% to 2.50% trading fee
Trade several popular coins
Binance Referral Code FAQs
The best Binance referral code in Canada is (K7SNSXP7). Use this code to get up to 45% discount off trading fees and earn a $100 bonus when you complete simple tasks.
When you sign up using the links above or this Binance referral code “K7SNSXP7“, you get a lifetime fee discount of up to 45%.
When you are creating a new Binance account, use a Binance referral link or code K7SNSXP7 to enjoy trading commission discounts and a sign-up bonus. As a Binance client, you can share your referral link or code with friends, and when they join, you both earn rewards.
Binance stopped operating in Ontario in June 2021 after deciding it did not want to register with the regulatory body, i.e. Ontario Securities Commission.
Binance.com is generally unavailable to U.S. residents; however, you can trade via Binance.US. Binance.US was launched in 2019 and supports more than 50 cryptocurrencies. It is operated by BAM Trading Services.
You can withdraw cryptocurrency from the platform to an external address or withdraw cash (fiat) using SWIFT.
Binance had a spat with the Ontario Securities Commission last year after failing to register with the regulator in accordance with Ontario’s Securities Act and does not offer its services to residents of that province. While residents of other Canadian provinces can use Binance, it remains unclear whether things will change in the future.
Binance Referral Code
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Summary
Earn up to a 45% bonus when you sign up using the best Binance referral code “K7SNSXP7”. Get a 45% discount on fees and up to a $100 sign-up bonus. Learn more in this Binance review.
Pros
- Largest crypto exchange worldwide
- Significant sign-up bonus
- Offer hundreds of digital assets
- Offer advanced trading tools
Cons
- Not available in Ontario
- The interface may be confusing for beginners
awesome, best ref code i’ve been looking for