This is not Binance.US, and the reward here is a fee voucher rather than money.
Binance's own introduction headlines “a Trading Fee Rebate Voucher worth up to $1,000”. The referral FAQ then adds the sentence that quietly undoes the headline, saying that “the total face value received by each user is subject to the actual amount received.” In other words the ceiling is published and the amount is not. The terms make that a reserved right rather than an oversight: rewards are determined “in its sole and absolute discretion, without any obligation to disclose the methodology or criteria applied.”
What pays what
| You, as the new user, after Task 1 and then Task 2 | A voucher each time, up to $1,100 in total |
|---|---|
| The face value you actually receive | Not published |
| Funding by crypto deposit or a transfer from another Binance account | Does not count |
| Exactly $50 of purchases, or exactly $100 of trading | Does not count |
| Volume traded through the API or a trading bot | Does not count |
| A voucher you have not redeemed within 7 days | Revoked |
This ceiling comes from Binance's own FAQ. The new user “will receive a voucher after each task is completed. With total up to $1,100 equivalent, up to $100 from the Task 1 completion and up to $1,000 from the Task 2 completion.” That figure is a ceiling, not a promise.
What a voucher is, and where the $600 everyone quotes came from
A Trading Fee Rebate Voucher is a credit against the commission Binance charges on your trades. You cannot withdraw it or spend it anywhere else, and it becomes worth something only if you go on to trade enough to generate the fees it offsets. Binance adds that a voucher from this program “is not applicable for API trading and trading bots”. If you were planning to buy once and hold, a fee voucher is worth close to nothing whatever number is printed on it.
A widely repeated write-up puts this bonus at up to $600, with a tier table resolving to roughly $90 for a normal person at around $55,000 of trading. We looked in the referral terms, the program introduction, the Referral Lite and Referral Pro FAQs, the additional-notes article, the referral landing page and the press page. The number $600 appears in none of them, and neither does the $90 nor the $55,000. We are not calling it a lie, only saying we could not find a first-party source, so it is not printed here as a fact.
Do this, in this order
- Confirm which Binance you can actually use. If you are in the United States, stop here and read the Binance.US guide instead. The global program excludes anyone on a prohibited countries list, plus the named places set out further down this page.
- Register through the link itself. The referral relationship binds at the moment the account is created: “the referral relationship between referrals and referrers may have failed to bind. Unfortunately, no corrective actions can be taken once the new user has registered.” Only Referral Pro offers a late binding, within 30 days of signup and before any deposit or trade. A new user also gets one referral mode only, so signing up under Referral Lite closes Referral Pro to you for good.
- Fund the account the way the terms require. Task 1 is “cumulative crypto purchases worth more than $50 via cash deposit, buy crypto with debit/credit card, P2P trading.” The exclusion that eats most people: “deposits via a third-party payment method, internal transfer from another Binance account or as a crypto deposit will not be counted towards the purchase task completion.” Sending coins in from another wallet completes nothing.
- Clear both thresholds with room to spare. Task 2 is to “trade cumulative more than $100 via Spot or Convert”, and the word “more” is doing real work: “only purchases greater than $50 count toward completing Task 1”, and the trades “need to be greater than $100”. Exactly $50 and exactly $100 both fail, and volume traded through the API or a bot does not count.
- Finish inside 14 days. Both tasks must be completed “within 14 days after registration”. The clock starts at signup, not at your first deposit, so a bank transfer that sits pending for a week has eaten half of it.
- Verify your identity, then redeem fast and use it faster. Identity verification is required before a voucher can be redeemed, and after distribution “the voucher should be redeemed within 7 days and is valid for 14 days after activating”.
The fine print that can still cost you the reward
The amount is discretionary and undisclosed by design. Section 3 of the referral terms says the determination, calculation and amount of rewards “are made by Binance in its sole and absolute discretion, without any obligation to disclose the methodology or criteria applied, and may be subject to change from time-to-time.” The same section notes rewards “are Digital Assets that may have no intrinsic value and whose value (if any) may fluctuate significantly or decline to zero.”
What you do not claim is taken back, and what you did claim can be too. Section 5: “If a reward remains unclaimed upon expiry of the applicable claim period, Binance shall revoke such reward without further notice”. Section 7: on disqualification the user “shall immediately forfeit all accrued but unclaimed rewards”, and Binance “may (but is not obliged to) revoke previously distributed rewards to the extent technically and legally feasible”.
The identity check can be applied after the fact. Binance's additional notes say it may “restrict, suspend, or deny access to referral program benefits, including the ability to earn or redeem rewards, until you have completed the KYC Procedures to our satisfaction.” The phrase “to our satisfaction” has no ceiling in it.
Binance reserves the right to immediately disqualify and revoke rewards for participants who engage in dishonest, abusive, harmful, fraudulent, manipulative or otherwise unlawful behaviour. This includes, without limitation, multiple account registrations, device/IP manipulation, Sybil attacks, automated account creation, wash trading, circular referrals, artificially inflated trading volumes, exploitation of technical vulnerabilities, or any conduct that violates the Terms of Use.
Where the program is closed
Binance keeps the exclusion list in its additional notes for the program. Users registered under EEA countries became ineligible “effective 2026-07-01”, in Binance's words “in any capacity”. UK retail users are out under the Financial Conduct Authority's financial promotions regime, which Binance summarizes as meaning UK retail users cannot receive any incentive to trade. Singapore residents have been disqualified since November 2022. Users residing in Japan cannot take part as referred applicants. Binance Israel and Binance FZE users are disqualified. Turkey was discontinued after the Capital Markets Board decision of September 19, 2024. Hong Kong residents are on the list too.
Is it worth your time?
If you are in the United States this is not your offer at all; read the Binance.US page, which pays a flat, published, withdrawable $10 to you. Where the global program is open, you are chasing a fee credit whose size is not published, and it dies if you fund the account the way a crypto holder normally would, dies at exactly $50 or exactly $100, dies at fourteen days, then at seven, then at fourteen again. None of that makes Binance a bad exchange. It makes the promotion a poor reason to choose it. Pick the exchange you actually want to use, and treat any voucher that lands as a small surprise.
If you invite friends of your own later
That is a separate program from the voucher above. Binance's “Earn together” program pays you up to $400 in tokens in any 30 days. Its tasks and time limits are on Binance's own referral page.
