Understanding the Referral Code on the (Exchange )Referral ID

Do you want to start trading cryptocurrencies smartly? What is a referral code and why is it important? It’s the key to saving significant trading fees and earning attractive bonuses. This guide will explain in detail how referral codes work, how to enter them, and how to maximize their benefits.

What Is a Referral Code?

Referral code (Referral ID) is a special code provided by cryptocurrency exchanges for new users to enjoy benefits when registering. It’s not only a way for exchanges to manage new users but also a real opportunity for you to reduce trading costs from day one.

When using a referral code, you will receive:

• Lifetime discount on spot trading fees – usually 15-20%
• Temporary discount on futures fees – usually 10% in the first month
• Welcome vouchers – up to dozens of dollars
• Additional rewards from KYC verification and first deposit

Every trade on the platform incurs a fee, so having the correct referral code can help you save a considerable amount, giving you more capital to invest in future opportunities.

Where and How to Enter a Referral Code

Referral codes are entered during account creation. The simplest way is to use a registration link from a trusted source, where the code will be automatically filled in.

If you want to enter the code manually:

1. When creating an account, look for the “Do you have a referral?” or “Referral ID” option
2. Enter the referral code in the provided field
3. Complete email and KYC verification
4. Deposit funds and make your first trade to activate the bonuses

Note that referral codes usually need to be entered at registration. After the account is created, adding a referral code may no longer be possible.

Optimizing Discounts – Combining Multiple Methods

A little-known tip is that you can combine multiple methods to maximize trading fee discounts. Besides the 20% discount from the referral code, you can also:

Use the exchange’s native token to pay fees – Many exchanges offer the option to pay fees with their internal token, which provides an additional 25% discount. When combined:

• 20% from the referral code
• 25% from paying with the native token
• Total: up to 45% discount

To enable this feature, go to your account settings → trading section → select “Use token to pay fees.” From then on, each of your spot trades will enjoy the maximum discount.

Other Referral Code Options

Different exchanges offer different referral codes. Although these codes may vary, they generally provide:

• 20% lifetime discount on spot fees
• 10% temporary discount on futures
• Similar welcome vouchers

The key is to choose codes from a trusted and updated source, as conditions often change seasonally during promotional periods.

Why Are Referral Codes Important?

Using referral codes is not just about saving fees. It’s about:

• Starting from a better position – with lower costs, you have a higher profit margin from your first trades
• Optimizing capital – every percentage saved can make a difference at scale
• Receiving additional rewards – vouchers and platform bonuses can be used for subsequent trades

Frequently Asked Questions

What benefits do referral codes provide?

Codes allow a permanent 20% reduction on spot fees, 10% off futures in the first month, along with high-value welcome vouchers.

Do I need to deposit money to receive bonuses?

Yes, to fully receive bonuses, you need to complete KYC verification, deposit funds into your account, and make your first trade with a minimum amount.

What if I apply the referral code too late?

If you forget to enter the code during registration, you can contact customer support. However, some platforms do not allow adding codes after account creation, so it’s best to enter it from the start.

Is it worth using a referral code?

Absolutely. What is a referral code if not a way for you to save money and gain extra benefits? It’s a clear advantage when starting your cryptocurrency trading journey.