There are three places to enter the Binance referral code P394YSTZ: the "Referral ID (Optional)" field on the registration page, the Personal Center → Referral section after registration, and the "Campaign Center" in the mobile APP. Direct answer: It is most recommended to fill it in on the registration page — get it done in one go and you won't forget. Visit the Binance Official Site and click Register for free. You will see the "Referral ID (Optional)" field at the bottom of the registration form. Enter P394YSTZ to continue and enjoy a 20% spot trading fee rebate + 10% futures trading fee rebate. If you forget to fill it in during registration, you can backfill it within 30 days; after 30 days, the binding relationship cannot be established. This article explains the three input methods, the rebate mechanism, and common misunderstandings in detail.
1. What is a Referral Code
A Binance referral code is an 8-character alphanumeric combination, with a fixed format of a mix of letters + numbers or letters + letters + numbers. Rules for generating referral codes:
- Length: 8 characters
- Character Set: A-Z, 0-9
- Examples:
P394YSTZ,CZBINANCE,QH3K9MPL
Each Binance user has a unique referral code, which is automatically generated after completing KYC L2. You can see your own by clicking "Invite Friends" after registering. By filling in someone else's referral code, you become their "downline" — but rest assured, Binance is not a pyramid scheme; the referral relationship is one-way and single-tier (you only have one inviter, and your downlines have nothing to do with your inviter).
2. What P394YSTZ Brings to You
After entering P394YSTZ, your account will enjoy the following benefits:
| Benefit | Percentage | Effective Time | Duration |
|---|---|---|---|
| Spot Fee Rebate | 20% | Real-time after each trade | Lifetime |
| Futures Fee Rebate | 10% | Real-time after each trade | Lifetime |
| Margin Fee Rebate | 15% | Real-time after each trade | Lifetime |
| Newcomer Spot Voucher | +10 USDT | Within 24h of registration | Valid for 30 days |
| Newcomer Futures Voucher | +20 USDT | After first futures trade | Valid for 14 days |
| Extra Task Rewards | +5 USDT | Complete newcomer tasks | Valid for 7 days |
Users who do not enter a referral code: 0% trading fee rebate, and newcomer vouchers are set to default values (without stacked referral code rewards).
Example Calculation: Suppose your monthly spot trading volume is 10,000 USDT, the fee is 0.1%, and the monthly fee is 10 USDT.
- Without a referral code: You pay 10 USDT, Binance takes 10 USDT.
- Entering
P394YSTZ: You pay 10 USDT, Binance takes 8 USDT, and you get 2 USDT back (20%).
Over a year, the rebate amounts to 24 USDT; if the trading volume is larger, the amount increases accordingly.
3. Detailed Steps for the Three Input Locations
Location 1: Filling in on the Registration Page (Most Recommended)
This is the simplest way to get it done in one go.
Steps:
- Visit the Binance Official Site.
- Click Register for free in the top right corner.
- Choose a registration method (Email / Phone / Apple / Google).
- Enter your email address (e.g.,
[email protected]). - Set a password (at least 12 characters, including upper/lower case + numbers + special characters).
- Enter
P394YSTZin the "Referral ID (Optional)" field. - Check the terms of service.
- Click "Create Account".
Note: The field name differs across different language versions:
| Language | Field Name |
|---|---|
| Chinese | 推荐码(可选) |
| English | Referral ID (Optional) |
| Japanese | 紹介コード(任意) |
| Korean | 추천 코드 (선택) |
| Thai | รหัสผู้แนะนำ (ไม่บังคับ) |
| Russian | Реферальный код (необязательно) |
Location 2: Filling in the Personal Center After Registration
If you missed the referral code field during registration, don't panic; you can backfill it within 30 days.
Steps:
- Log in to your Binance account.
- Hover over the avatar icon in the top right → "Referral".
- There is a "Bind Referral Code" button at the top of the page.
- Enter
P394YSTZafter clicking. - Double verification via SMS + 2FA.
- Binding successful.
Note:
- The rebate takes effect 10 minutes after binding.
- Binding cannot be undone (it's valid for a lifetime once bound, and you cannot switch to another referral code).
- After 30 days, the button disappears, and backfilling is impossible.
Location 3: Filling in the Mobile APP
The entry point inside the APP is slightly different.
Steps (iOS/Android):
- Open the Binance APP.
- Bottom navigation bar → "More" → "Referral".
- Or: Homepage → "Campaign" → "Referral Center".
- Click "Bind Referral Code".
- Enter
P394YSTZ. - SMS + 2FA verification.
- Confirm.
An advantage of the APP version is automatic clipboard filling — if you copy P394YSTZ, opening the Referral Center will automatically prompt "Do you want to paste P394YSTZ?".
4. Common Misunderstandings About Referral Codes
Misunderstanding 1: Entering it will result in being charged extra fees
Truth: No. The referral code will not increase your trading fees. You still pay 0.1% (spot) or 0.04% (futures), and the rebate part is paid to you by Binance itself.
Misunderstanding 2: Referral codes will affect risk control
Truth: No. Binance risk control is based on login IP, device fingerprints, and trading behavior patterns, unrelated to the referral relationship. Whether you enter a referral code or not, risk control treats everyone equally.
Misunderstanding 3: You must know the inviter personally
Truth: No. The inviter and the invitee can be completely unknown to each other; it's just a referral link in the Binance system.
Misunderstanding 4: The inviter can see my trades
Truth: No. The inviter can only see aggregated data (how many people were referred, total rebates). Your specific trading records, asset balances, and identity information are completely encrypted and invisible to the inviter.
Misunderstanding 5: Rebates are one-time only
Truth: Lifetime. As long as you have bound the referral code, every subsequent trade will have a rebate until you close the account or Binance stops the referral program.
Misunderstanding 6: Referral codes have an expiration date
Truth: The referral code itself is valid for the long term, but it needs to be bound within 30 days after registration. Once bound, it is valid for a lifetime.
5. Troubleshooting Input Failures
Failure 1: Prompted with "Invalid Referral Code"
Cause: Input error (confusing letter O with number 0, or letter I with number 1). Handling:
- Correct spelling:
P394YSTZ(P-3-9-4-Y-S-T-Z). - Note: 3 (number three), 4 (number four); Y/S/T/Z are letters.
- Copy and paste to avoid manual input errors.
Failure 2: Prompted with "This account has already bound another referral code"
Cause: A referral code was entered during registration. Handling: An account can only be bound to one referral code, and it cannot be changed once bound. If you want to switch, you can only close the current account and register again (data will be reset).
Failure 3: Prompted with "Cannot bind after 30 days"
Cause: The account has been registered for more than 30 days. Handling: Backfilling is impossible. Register a new account with a new email + new phone number.
Failure 4: Rebate percentage shows 0% after input
Cause: The referral code was successfully bound, but the rebate rules haven't taken effect. Handling:
- Wait for 10 minutes and refresh the page.
- Make a small trade to trigger the rebate calculation.
- If it still doesn't show after 72 hours, contact customer service.
6. How to Claim Rebates
Real-time Rebates
Within 1-10 minutes after each trade is completed, the rebate automatically enters the USDT balance of your "Funding Account".
Viewing Rebate Records
- Personal Center → Referral → Commission History.
- You can query by day/month/year.
- You can export CSV reports.
Withdrawing Rebates
Once the rebate enters the Funding Account, it is immediately available:
- Can be withdrawn to other addresses.
- Can be exchanged for other currencies (BTC, ETH, etc.).
- Can be used for spot trading or futures margin.
- Can be transferred to financial products to earn interest.
7. Comparison with Other Referral Codes
If you see other referral codes online, you can compare them. Generally speaking:
| Referral Code | Rebate Percentage | Newcomer Rewards | Total Value |
|---|---|---|---|
| P394YSTZ | 20% | +30 USDT | High |
| Common Code A | 10% | None | Low |
| Common Code B | 15% | +10 USDT | Medium |
| Common Code C | 20% | None | Medium |
The advantage of P394YSTZ: 20% maximum ratio + stacked newcomer rewards. Most public referral codes only offer a 10% rebate and no newcomer benefits.
Common Questions FAQ
Q1: I am using binance.us. Can I enter P394YSTZ?
A: No. binance.us is an independent compliant version with its own independent referral code system. P394YSTZ only applies to the international version binance.com. US users need to find a binance.us referral code.
Q2: Will the inviter see my identity information after binding the referral code?
A: No. The inviter sees anonymous IDs and trading volume summaries, not including your name, email, KYC information, or specific trading records.
Q3: What if I want to become an inviter myself?
A: After completing KYC L2, you automatically get your own referral code. You can invite others in Personal Center → Referral → My Referral Link. Note: You will still be a downline of P394YSTZ, but you can have your own downlines at the same time.
Q4: Does binding a referral code affect VIP level calculation?
A: No. VIP levels are determined by your own 30-day trading volume, unrelated to referral relationships. Your VIP level and your inviter's VIP level are calculated independently.
Q5: Whose referral code is P394YSTZ?
A: This is a Binance promotional code in partnership with FlyVault. FlyVault is an independent third-party tutorial site and has no equity relationship with Binance. The commissions from P394YSTZ support content creation on this site, but will not affect your trading experience or increase any of your costs.
After filling in the referral code, the next step is to complete KYC and claim newcomer benefits. Return to Category Navigation to view articles like "KYC Level 3 Verification" and "Newcomer Task Checklist" to continue learning.