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Binance Referral ID Code: U5NN83GH (30% Fee Discount Bonus)

New Binance customers can sign up with the code to get the best Binance bonus.

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The Binance Referral Code is: U5NN83GH. New Binance customers can sign up with the code to get the best Binance bonus.

Binance Referral Code Link: https://cryptobonuses.com/go/binance/

What Is The Binance Referral ID Code?

The Binance Referral ID is a code you can enter into your Binance account, and it’ll award you discounted trading fees.

Binance Sign Up
Referral Code U5NN83GH
Bonus 30% OFF Fees

When it comes to crypto trading on Binance, any good user knows that it’s all about the trading fees they pay on their trades, as it can play a large role in making you a profitable trader.

There are too many users out there who waste money & rewards by giving up on cashback, which loses them coin on every transaction.

This is a common mistake that users make when they start trading, and the Binance Referral code provided above for Binance.com accounts for this.

Instead of not using a code (thereby not getting a discount on your trading account), you can take the smarter route during registration and enter a Binance Referral ID into the page.

The referral link provided will instantly give new users 30% off trading fees on every transaction for the lifetime of their account, the very moment they join.

Binance Referral Kickback

30% is already a huge kickback rate, and the more you trade (the more volume you generate on Binance.com spot trading or Binance futures), the more money you save.

Throughout the lifetime of your account, the commission kickback rate you get on every trading fee will start adding up to a massive amount of money.

So many users don’t do this when they join, since it’s not Binance.com’s default setting, and they fail to earn a lot of free coin on the volume they create.

How To Register With The Binance Referral ID Code

These steps walk you through how to use the Binance referral code (ID) including a link to the registration page:

  1. To get started with the Binance referral program, head to this website link.
  2. You will be invited to create an account on Binance’s registration page. You will see a box labeled “Referral ID“. Here, paste in the referral ID U5NN83GH so that your Binance account can be linked to the referral program and your trading fees discount can be enabled.
  3. Enter the rest of your user information during the sign up, like your exchange email, and use a strong password to secure your account.
  4. After you review  Binance’s rules, tick the box that says you agree to their Terms of Service.
  5. Finally, after double-checking all of the information and making sure that the code is in the referral ID box, click on the ‘Create Account’ button. Your account is now ready to go!

About Binance

Making a Binance account using the given Binance Referral ID code is a great idea, since Binance is currently the world’s leading cryptocurrency exchange. Out of all of the exchanges out there, Binance is one of the best as we found in our review. You will also see many comments on review sites echoing this sentiment.

Binance Fee Discount

Thanks to the Binance Referral ID rate discount kickback, you get a free discount on all of the volume you generate on Binance – but there’s a lot more to love about this exchange than just low trading fees on the referral program.

Review of Binance

Binance currently processes over $2b in daily transaction volume and runs trades at a rate of over 1.4m transactions per second.

Throughout its history, Binance has cemented itself as a champion exchange in the cryptocurrency ecosystem, especially with the additions of Binance Coin (BNB) and the Binance Smart Chain.

Binance also offers 24/7 support that all users are entitled to when they sign up to trade.

Binance’s referral ID program is the cherry on top: not only are you awarded the trading fees discount thanks to the given code via the Binance referral ID program offering, but you also get to trade on a world-class exchange with hundreds of high-quality coin listings.

It truly is a win-win situation when it comes to creating a Binance account.

Binance Promotions

Binance is one of the few exchanges out there that continually rewards users, not only with a discount on their trading fees but in other fun and creative ways.

For example, Binance often hosts trading competitions, where winners can earn exciting prizes like lower commission rates, increased cashback, bonus crypto prizes, and more.

Here and here are links to previous Binance promotions, which will give you an idea of the sorts of prizes you can earn.

As you can see, the website shows you how can earn shares of massive trading pools, huge bonuses on your account, a big kickback, or even a cool NFT prize. Having a Binance account is truly a gift that keeps on giving.

Referral Program

Of course, the Binance referral codes system is one you can use as well since you can invite your own friends if they are into cryptocurrency too. Have them sign up using one of your Binance referral links, and they’ll get a trading fees discount.

If you refer people yourself, you will earn a commission on the fees Binance makes when your friends/referrals make trades on the website. The codes we provide have some of the best commission bonus rates for referrals, but making your own is a solid way to gain a little bit of cashback.

You can open up the Binance referral page to see your friends/Binance referrals, and you can watch the people you refer roll in (in real-time). It’s a good way to help support your friends and let them do the same.

Since Binance posts new promotions all the time, be sure to keep an eye on their website, and follow Binance’s social media links so you can stay up to date on the newest & biggest promotions.

A relevant social media link is Binance’s official Twitter, and you can even follow the founder of Binance, CZ,  on social media for market updates and Binance-related information.

Binance Trading Fees

Binance’s fee schedule varies from user to user, as it depends on the fees Binance makes from your crypto trades.

Like for all exchanges, people who trade a lot on their Binance account generate more commission for Binance and are hence allowed to pay a lower fee rate.

The default Binance trading fee starts at 0.1%, which is already pretty low. This is for people who have a 30d trading volume of under 50 BTC.

Your trading volume is simply the summation of the value of all of the trades you do on Binance. 0.1% is already a fairly low fee to pay on a cryptocurrency trade compared to many other exchanges.

However, Binance takes it to another level by providing fee discounts if you pay the fee using their native token, Binance Coin (BNB).

BNB is a cryptocurrency token created specifically for Binance users, and it lets you save 25% on all of your fees. Using Binance Coin is a great discount opportunity, so we would highly recommend that you purchase some BNB in order to take advantage of this discount that Binance provides on fees.

Here’s a link where you can learn more about BNB and what it does.

What really seals the deal is the Binance Referral ID via the referral code provided earlier in the article. By using that referral link, you can get an additional 30% discount on your fees, which results in an absolutely amazing discount overall.

If you use the referral link provided in combination with paying for Binance fees with BNB, the total fee bonus you get is massive, and you end up paying far lower in fees than a normal user. Again, not everyone by default takes advantage of the Binance Referral ID program, and not many know the power of combining this with the BNB fees discount.

For this reason, you should be sure to use the referral ID as well as pick up some BNB after you sign up.

Getting in both the referral ID and the BNB discount results in a whopping 55% discount in total!

All of that being said, Binance’s fees get lower still the more you trade. If you trade over 50 BTC in crypto within 30d and hold over 50 BNB in your Binance balance, your maker fee drops to 0.09%.

Trading over 500 BTC within the same period drops your maker fee to 0.08% (if you have a 200 BNB balance). Holding a 500 BNB balance on Binance and trading over 1500 BTC within the 30d period entitles you to a 0.07% maker fee.

You can view the full fee schedule via this link. Now, all of these figures are all quoted before we factor in the referral code, which brings in a whole new factor to the discount.

In fact, using our provided referral code and paying BNB can entitle you to a fee as low as 0.012% (for the maximum tier), which is a crazy low discount, even for the crypto space.

Binance Futures allow users to leverage trade, so the fee schedule is slightly different.  In order to reach the same VIP level on Binance Futures, you need 5 times the volume you’d need to hit the same level on the spot market, due to the high leverage provided.

You can use the exact same Binance Futures Referral code (U5NN83GH) and you’ll be awarded the same discount on your fees. The Binance Futures Referral code is the same as the spot referral code, so if you use it on your Binance account during sign-up, it will bridge across both markets.

Amazingly enough, using the futures referral code and using BNB to pay Binance fees takes trading to the next level, since after a certain VIP level, instead of having to pay Binance a fee to trade, you will instead be given maker fees for making trades, which is pretty sweet.

At the maximum level, you can get paid as much as 0.009% simply for making a trade on Binance.

Binance App & Referral Code

The Binance mobile app allows you to trade on the go. Through the app, you can not only access your cryptocurrency wallet and exchange platform on Binance at all times, but you can also get to Binance’s 24/7 support system.

Here’s a download link for all platforms, including Windows and macOS.

If you make a Binance account using our provided Binance Referral ID, the same discount will bridge over to your account on every device. This means no matter which platform or device you’re making trades on, as long as you have used the Binance Referral ID, you’ll get the discount.

We would highly recommend downloading the Binance app on all of your devices, signing up using the provided referral ID code, and purchasing a bit of the BNB crypto so that you can maximize your potential fee discount and kickback no matter where you are trading from.

The Binance support team is always on hand to help you with any comments or questions you might have about commission and the referral system in general including the Binance referral code ID and link to use.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/binance-referral-id-code-u5nn83gh-30-fee-discount-bonus/

Blockchain

Hong Kong in Talks with China to Stretch Cross-Border Testing of Digital Yuan

After the successful proceeding of the first phase of the testing of the Digital Yuan, Hong Kong is in talks with China to stretch its cross-border testing.

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After the successful proceeding of the first phase of the testing of the Digital Yuan, Hong Kong is in talks with China to stretch its cross-border testing. This has marked yet another step toward wider adoption of the currency.

Hong Kong to Stretch Testing of Digital Yuan to China

The Monetary Authority of Hong Kong has recently conducted tests with the Digital Currency Institute of the People’s Bank of China.

In addition to this, the Hong Kong Monetary Authority said in an e-mailed response to the questions asked that it involved a bank designated by the mainland authority, as well as the merchants and bank staff.

The e-mailed response said:

“We have tested the use of the related app, system connectivity, and certain use cases such as cross-boundary purchases.” 

Along with this, the statement said:

“We are discussing and collaborating with the PBOC on the next phase of technical testing, including the feasibility of broadening and deepening the use of e-CNY for cross-boundary payments.”

Also, it should be known that the People’s Bank of China is pretty ahead of other major central banks in the development of its own digital currency.

The bank is looking forward to replacing cash and maintaining control over a payments landscape that has become increasingly dominated by technology companies not regulated like banks.

Payment Infrastructure Underpinning e-CNY can Address Substantial Portion of Cost Base

As revealed in the report released on Wednesday by Oliver Wyman, the usage of the Digital Yuan in Hong Kong could lead to a much faster and cheaper cross-border payment and clearing process. 

Michael Ho, the Principal of Financial Services at Oliver Wyman and Co-Author of the report said:

“If the payment infrastructure underpinning e-CNY were to roll out for cross-border payments at scale, we believe it can address a substantial portion of this cost base.”

China could promote the overseas use of digital yuan starting with the Greater Bay Area, a massive urban cluster that includes Shenzhen, Macau, and Hong Kong.

READ  Diginex Introduces EQUOS.io In Singapore To Start Derivative Product Trading

#Cross-border transactions #Digital Yuan #Hong Kong

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/hong-kong-in-talks-with-china-to-stretch-cross-border-testing-of-digital-yuan

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Identity Platform Acuant Partners with Blockchain Analysis Firm Chainalysis

It has been revealed that the identity platform for fraud prevention and Anti-Money Laundering compliance, Acuant has partnered with Chainalysis.

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In a recent announcement, it has been revealed that the identity platform for fraud prevention and Anti-Money Laundering compliance, Acuant has partnered with Chainalysis. The recent partnership between the AML compliance and the blockchain analysis company is meant to assist financial institutions with AML solutions.

Acuant Partners Chainalysis to Provide AML Solutions

The partnership between Chainalysis and Acuant will be helping in assisting the cryptocurrency businesses assess risk, safeguard them against illegal transactions, automate workflows, and protect their reputations with Anti-Money Laundering solutions.

In addition to this, it should be known that the customers of both partners, Acuant and Chainalysis, will now be able to leverage both the platforms via the interface provided by Acuant to manage transactions that are indicative of higher risk.

The customers will be provided with access to Chainalysis Know Your Transactions (KYT) as well as Chainalysis Reactor, their graphical investigative software

Talking further about the investigative software, it can be utilized to follow the flow of funds across the blockchain for investigations.

The amalgamation of the Chainalysis Know Your Transactions and Acuant integrates a data set of thousands of services with the solutions that help to review both the fiat and crypto transactions.

The Integration of Identity Platform and Blockchain Analysis Firm

Well, along with this, the integration will be helping in detecting any kind of suspicious activities, manage the investigations, and moreover, file the suspicious activity reports (SARs).

The real-time alerts on the highest-risk activity will be allowing the compliance teams to target the most urgent activity and following that, fulfill the regulatory obligations to report the transactions that are suspicious.

Jose Caldera, the Chief Product Officer at Acuant said:

“Our partnership with Chainalysis will further augment our support to the cryptocurrency industry. This partnership is bringing together and integrating the top Anti-Money Laundering solutions in the marketplace today. We look forward to working with Chainalysis to strengthen our platform and to continue to be a leading solutions provider in the crypto space.” 

READ  Bitcoin PARABOLIC!! | $9,500 Next Stop?? | Bitcoin Maximalism Vs. Altcoin Hype | BTC On Excel

#Acuant #Blockchain #Chainalysis

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/identity-platform-acuant-partners-with-blockchain-analysis-firm-chainalysis

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Blockchain

BIC’s Video News Show: Bitcoin Cash

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In this episode of the BeInCrypto video news show, host Jessica Walker will look at bitcoin cash (BCH). The coin has returned to the top ten in market cap, due to an anticipated upgrade, its pairing with ethereum (ETH), as well as the increased use of CashFusion. We’ll also take a look at its recent price movements.

Bitcoin Cash is Back in the Top 10 Cryptos! Is it There to Stay?

Bitcoin cash back in top ten

Bitcoin cash has been gaining a lot in the past several weeks. It currently sits at the tenth place on CoinMarketCap’s top cryptocurrencies in terms of market capitalization. It is a regular on the list and it seems to be going up because of investors looking for the next “boom-coin.” By sharing a name with mainstay bitcoin (BTC), it’s basking in the glory of its more popular namesake. But what are some other reasons for BCH’s return to the top ten?

May 15th upgrade

Perhaps the most important thing on BCH holders calendar is the upgrade that will happen on May 15. Most of the changes are aimed at improving the experience of users and merchants when using BCH to make payments. This will hopefully provide another incentive for adoption.

Another upgrade that stands out to us is the removal of the unconfirmed chained transaction limit. This will allow users to do more than 50 chained unconfirmed transactions at a time. This was a highly requested feature for a long time. In particular, by gambling sites and other high volume, quick transaction apps that relied on BCH for payment. 

BCH and Ethereum

Another interesting development around BCH is its pairing with Ethereum. This will happen through the SmartBCH sidechain, which was announced last Thursday. 

In an interview with bitcoin.com, the Smart Bitcoin Cash team lead explained that developers and decentralized app makers can now experiment and develop with the sidechain, which is compatible with the Ethereum Virtual Machine. This seems to have already provoked some interest. 

The Coinflex exchange team has begun running tests with setting up a decentralized exchange and creating tokens. If successful, the sidechain could become a platform for expanding the user base of bitcoin cash and grow its ecosystem. 

CashFusion

CashFusion has also been mentioned quite a lot this week. For those of you who haven’t heard of it, CashFusion is a service that provides privacy for bitcoin cash. Described simply, it lets wallets help each other blend into the crowd and keep prying eyes away. 

Reports have indicated that since CashFusion was introduced in November 2019, there have been more than 67,000 fusions or almost $6 billion worth of BCH using today’s exchange rates. This could be another sign of the popularity of bitcoin cash, which has largely gone under the radar in recent months.

Technical analysis

A quick chart analysis shows us that we are close to a high from May 2018, which was around $1,850 dollars. Right now, we seem to be on track to reach and test that level. But a correction and retest of $1,228 on the downside are also possible, although that level did hold several days ago. 

Source:TradingView

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/bics-video-news-show-bitcoin-cash/

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Aave Testing Out Permissioned Pool for Institutional Investors

DeFi lending protocol, Aave protocol has built a permissioned pool for institutions to test out before getting involved within the DeFi ecosystem.

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DeFi lending protocol, Aave protocol, has built a permissioned pool for institutions to test out before getting involved within the DeFi ecosystem. The permissioned test pool is designed to be compliant with AML regulations with mandatory Know Your Customer (KYC) verification process from relevant partners. The pool would be coming to mainnet sooner rather than later.

Aave Permissioned Pool for Institutional Investors

Earlier on May 12, a Twitter user posted a tweet tagging Aave’s official Twitter account expressing concern that an anti-money laundering warning had appeared on Aave’s homepage.

Responding to this, the founder of AAVE, Stani Kulechov tweeted back saying that there had been a mistake and that “The text is actually incorrect and relates to another pool we’re testing out” explaining that Aave is still fully decentralized, and the text had appeared in the wrong place before later revealing that Aave is testing out a private pool for institutional investors.

READ  EOS Growth Energy Is in the Range of $2.4-2.56

Another user replied asking whether the specified pool was for testing out compliance features. Kulechov then confirmed the private pool was built for institutions to practice “before aping into DeFi.”

Even though Aave was launched at the beginning of 2020, it has experienced significant growth in total deposits and daily deposits since the summer of 2020.

Aave’s recent launch on Polygon and the introduction of its liquidity program was followed by its total value locked rising from $5.4 billion on April 25 to roughly $11.4 billion on May 12.

Aave Deposits and Permissioned Pool for Institutional Investors

Aave’s head of institutional business development, Ajit Tripathi, confirmed that the protocol had indeed designed a permissioned pool.

However, the “private pool” description in Kulechov’s Tweet was not entirely accurate as the pool will be on public chains but will have permissioned access for institutions, describing that the purpose of the pool was educational.

READ  DASH Falling and Testing Below $191.22 – Technical Analysis

Aave has totaled over $45 billion in deposits, with 2021 seeing the protocol average $231 million in deposits per day. Over 46,000 unique Ethereum users have become lenders on Aave, with the average all-time deposit reaching $173,000. AAVE is currently trading at $566 at the time of writing.

#AAVE #DeFi #Permissioned Pool

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/aave-testing-out-permissioned-pool-for-institutional-investors

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