Binance, the world’s largest crypto exchange, has one of the longest-running referral programs in the industry and it’s paying significant dividends for certain users.
According to a recent tweet by the company, the top referrer on Binance earned 5.95 BTC last week, roughly equal to $50,000, without having to make any trades.
What would you do with $50,000?
Learn how to get started
Have over 5,000 followers?
— Binance (@binance) October 13, 2019
The second and third referrers on the “Rich List” earned 5.31 and 4.76 BTC, respectively, while the top-10 earned roughly 31.7 BTC ($262K). These numbers are made possible thanks to Binance’s referral program, which allows investors to earn up to 40% of the trading commissions from all referred users. The exchange also has a new affiliate program that is even more generous for larger influencers.
Meanwhile, Binance’s new platform for American investors, Binance.US, also has a referral program where investors can earn a $15 bonus for signing up on the new platform and trading $100. After November 1, the company notes that it will be switching to a similar setup as the main Binance platform where referrers earn a percentage of each trade commission.
Binance isn’t the only exchange pushing for new users through referral programs. Voyager, a crypto brokerage app with 28 cryptocurrencies, recently launched its Refer-a-Friend Program, which lets investors earn up to $2,500 for referring friends to the app. US and soon international investors can use this link (use code: SLUDGE25) to earn BTC on signup.
Signup: Binance | Binance US | Voyager
Image: Hektor Ehring Jeppesen / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.