Top Referral Affiliate of Binance Exchange Earns 10.7 BTC During Bitcoin’s One-Week Price Surge
For most of the people in the industry, you either buy or mine crypto to stack your bags for a potential bull run or some utility value from the token. Earning Bitcoin (BTC) is a much harder task than other cryptos considering its high price and difficulty to mine. However, one trader on Binance is celebrating yet another period of success as a top referrer on the exchange, earning more than 10 BTC ($100,000 USD) during the recent bullish momentum from $7K to $10K USD.
The referral program allows users to invite friends to the exchange and earn up to 40% commissions on the trader’s fees. The program also allows the user to share up to 20% of the reward with the friends on board.
Top Binance Referrer Earns 10 BTC in a Week
As one of the longest-serving exchange referral program, Binance awarded their top referrer with 10.74482781 BTC in commissions amounting to approx. $100,000 USD at current market rates. All this without making a single trade on the platform.
According to the tweet sent out by the exchange, the top 10 referrers earned close to 45 BTC during the week starting Oct. 21 to Oct. 26. The second and third largest rewards amounted to 6.22 BTC and 5.93 BTC respectively.
Last week the top referrer on Binance earned nearly $100,000 USD in $BTC without making a single trade.
Have 5,000+ Twitter followers, run a small #crypto community or something similar?
— Binance (@binance) November 3, 2019
Furthermore, a post on Oct 20th on Binance Twitter page on the all-time referral rich list on the exchange showed the top referrer has earned 1146.82 BTC (~$10.5 million USD) since the program began. The second and third top referrers have earned 643.48 BTC and 573.65 BTC respectively as the exchange grew to be the largest in daily trading volume of cryptocurrencies.
Binance Exchange Keeps Growing
The referral reward doubled over the past two weeks, with the top referrer earning 5.63 BTC two weeks ago, to 10.744 BTC in the latest release showing an increased interest in trading on the platform, albeit the small sample used. The exchange is tandem and is not slowing down on providing more on-ramps to trade – boosting the number of asset classes, cryptocurrencies, fiat ramps, applications and several other developments on its platform to give users the best possible experience.
Following the launch of Binance futures trading on iOS stores on November 1, the exchange announced the launch fiat gateways for Binance US customers who will now be able to deposit and withdraw using debit cards.