Binance Review & Referral Code
Binance referral code KOW3WB5T gives 20% off trading fees at Binance, plus $600 bonus in Binance welcome bonuses. At the entry tier Binance spot costs 0.10%; Binance futures cost 0.02% maker, 0.05% taker. Binance ranks #1 of 11 on six weighted axes (score 4.9 / 5); Binance fees read 7 Sep 2026.
If you only sign up for one crypto exchange, this is it. The deepest liquidity of the 11 we rank, the most spot pairs, the largest education hub of the group, and a sign-up flow polished by 200+ million users.
Why it ranks where it does
- Deepest liquidity = tightest spreads in crypto
- 494 listed assets and the deepest order books of the 11
- BNB token reduces fees by an additional 25%
- Mature ecosystem: Earn / Launchpad / P2P / NFT
What's not great
- KYC required for full access
- Restricted in some jurisdictions
Binance fees at the entry tier
| Fee | Rate | Note |
|---|---|---|
| Spot | 0.10% | Before 20% off trading fees via the referral code |
| Futures maker | 0.02% | Entry tier, no volume requirement |
| Futures taker | 0.05% | Entry tier, no volume requirement |
Read from Binance's fee schedule ↗ on 7 Sep 2026 (what changed at each check); Binance can change it without notice.
Where Binance sits in the tier list
Binance tops the list; OKX — Best All-Round sits directly behind it. It holds one of our 12 category awards: Beginners. Product coverage is the widest here: 7 of the 19 product lines we track (Spot, Futures, Options, Earn, Launchpad, P2P, NFT). Founded 2017, based in Cayman Islands / Global, listing 494 assets read from its own instruments API on 2026-09-17; scored on the same six axes as the other 10. Security record (checked 2026-09-17): No security incident affecting Binance exchange customer funds was reported between September 2023 and September 2026. Separately, Binance-owned Trust Wallet's browser extension was compromised in December 2025; Binance said the roughly $7 million in user losses would be reimbursed. Source ↗
How Binance compares with the other 10
1 of the other 10 exchanges charges less than Binance on spot (0.10% vs a median of 0.10%). On futures, Binance's 0.05% taker fee sits under the 0.055% median — tied 2nd of 11 (with 3 others). Binance's 20% rebate trails the 40% median rebate — 11th of 11. A $1,000 Binance futures taker order: $0.50 in fees, $0.40 once the 20% rebate lands.
| Metric | Binance | Median of 11 | Best of 11 | Rank |
|---|---|---|---|---|
| Spot fee | 0.10% | 0.10% | 0% (MEXC) | tied 2nd of 11 (with 6 others) |
| Futures taker fee | 0.05% | 0.055% | 0.02% (MEXC) | tied 2nd of 11 (with 3 others) |
| Futures maker fee | 0.02% | 0.02% | 0% (MEXC) | tied 2nd of 11 (with 9 others) |
| Fee rebate | 20% | 40% | up to 60% (Weex) | 11th of 11 |
How to claim the Binance referral discount
- Open Binance from this page — code KOW3WB5T rides in the link.
- Verify email, then ID: Binance makes KYC mandatory before withdrawals.
- Deposit at least $1 to start trading; the welcome-bonus tiers have their own, higher thresholds on Binance's promotion page.
- Trade once. Entry-tier fills cost 0.10% on spot, 0.05% as a futures taker.
- 20% off trading fees then applies to every Binance trade for as long as Binance runs the program.