Binance Referral vs Affiliate Program: Which Earns More? — Malaysia Guide
Compare Binance referral and affiliate programs. Commission rates, requirements, and which is better for earning passive income. Tailored for Malaysia traders with MYR deposit methods.
For Malaysia Traders
This guide is tailored for traders in Malaysia. Sign up with referral code RATE20 for a 20% lifetime fee discount. Deposit MYR easily using local payment methods: Bank Transfer, Touch 'n Go.
Malaysia has licensed crypto exchanges. Binance P2P offers competitive MYR rates.
Referral vs Affiliate: Quick Comparison
| Feature | Referral Program | Affiliate Program |
|---|---|---|
| Who can join | Anyone | Application required |
| Commission | Up to 40% | Up to 50% |
| Requirements | None | Content/audience needed |
| Dashboard | Basic | Advanced analytics |
| Custom links | Yes | Yes + banners |
Referral Program
The referral program is available to every Binance user automatically. Share your referral link and earn commission on your invitees’ trading fees.
Commission Rates
- Hold < 500 BNB: 20% commission
- Hold ≥ 500 BNB: Up to 40% commission
Pros
- No application process
- Instant access
- Simple to share
Cons
- Lower maximum commission
- Basic tracking only
Affiliate Program
The affiliate program is for content creators, influencers, and marketers with an established audience.
Commission Rates
- Standard: Up to 50% commission
- Custom rates available for high performers
Requirements
- Active social media following OR
- Website/blog with traffic OR
- YouTube/TikTok channel
- Must apply and be approved
Pros
- Higher commission rates
- Advanced tracking dashboard
- Custom promotional materials
- Dedicated affiliate manager
Cons
- Requires application and approval
- Need existing audience
- Performance expectations
Which Should You Choose?
- Just getting started? Use the referral program — it’s instant and easy
- Have an audience? Apply for the affiliate program for higher commissions
- Content creator? Definitely apply for affiliate — the commission difference is significant
Maximizing Earnings (Either Program)
- Focus on attracting futures traders (30-100x more commission than spot)
- Create educational content about fee savings
- Be transparent about your referral relationship
- Provide genuine value — explain the discount benefit
How to Deposit MYR on Binance
- Go to Trade → P2P on Binance
- Select Buy USDT with MYR
- Choose a payment method:
- Bank Transfer
- Touch 'n Go
- Select a verified merchant and complete the trade
- Use your USDT to trade any cryptocurrency on Binance
Verify Before You Sign Up — Don't Get Scammed
Many sites advertise fake referral discounts that don't actually apply. Before signing up through any referral link, always verify the referral code and discount rate shown on the Binance registration page. Here's proof of our verified referral:
- Referral Code: RATE20
- Trade Rebate: Up to 20% on every trade (lifetime)
- New User Bonus: Up to 600 USD
If the registration page does not show these benefits, do not proceed. Only sign up when you can confirm the referral code and discount are applied.