The Binance referral program is now trending on Facebook and Twitter.
This is because many users want to get their hands on the free $100.
To clarify things, this $100 can be withdrawn from your Binance account.
You can transfer it to your bank account or other online wallet and use it as cash.
However, getting this free $100 will not be a walk in the park.
If you are among the interested users, here's how you can get this freebie from Binance.
Binance Referral Program Guide 2023
For those who are unaware, Binance always offers new rounds of referral programs.
(Photo : Michael M. Santiago/Getty Images)
In this photo illustration, the FTX app is seen on a phone on November 10, 2022 in Atlanta, Georgia. Binance, the world’s largest cryptocurrency firm, agreed to acquire FTX, another large cryptocurrency exchange, in a rushed sale in order to prevent a liquidity crisis, which is known as the "Lehman Moment" in the crypto industry.
The crypto exchange app has two referral programs; the Standard and Lite referral.
The free $100 is only offered by the Lite referral program.
To get started, you need to visit the Lite Referral Mode tab via your Binance app. As of writing, this program is still active.
It started on May 16 and will end this coming June 15.
Now, here are the steps you need to follow to get your free $100:
- First, you need to click the Invite Friends option.
- After that, you can copy your Lite Referral ID or Lite Referral link and share one of the with your contacts. But, it would be best if you just click the Share button.
- You need to ensure that you will only send the link to those who don't have a Binance account.
- Once they successfully created their new Binance account, they need to get verified.
Rules and Other Details
Via its official website, Binance said that each referral will give you anything between $0.1 to $10.
Based on participants' posts, the first referrals will give you around $8 or more. However, the following referrals tend to value less; giving users only $2, $1.1, or even less.
Binance didn't clarify how many referrals should participants invite. The crypto exchange company only said that they need to reach the $100 goal in order to withdraw it.
Another thing to keep in mind is that your referrals should not be listed as high-risk users. If many of them are get listed, there's a chance you will be disqualified from the program.
But, don't worry. You can still try on the next Lite referral round. If you want to ensure that your referrals will be officially counted, here are some tips:
- Make sure that your referrals have government-issued IDs.
- As much as possible, only invite your friends, family, or acquaintances.
- If you have free time, try guiding them through the verification process.
- Always remind your referrals to verify their accounts.
You can learn more about Binance's Lite referral program by clicking this link.
Here are other stories we recently wrote about Binance:
In 2022, Binance's $10 million donation was sent to Ukraine.
Recently, the Binance BNB chain resumed operations after its million-dollar loss.
For more news updates about Binance and other crypto apps, always keep your tabs open here at TechTimes.
