For beginners who have just entered the cryptocurrency world, the first step is not to buy coins, but to choose a secure exchange with low fees and good liquidity. Among many platforms, Binance is currently the largest cryptocurrency exchange in terms of trading volume globally and is the first choice for most newcomers.

1. Why do cryptocurrency newcomers recommend using Binance?

Binance was established in 2017 and currently serves hundreds of millions of users worldwide, with the following advantages:

  • Supports trading of hundreds of mainstream and popular cryptocurrencies

  • Strong liquidity, making it difficult to experience slippage in buy and sell orders

  • Supports CNY C2C (peer-to-peer) trading

  • Mature security system, supports multiple verifications

  • Fees are at a low level among mainstream exchanges

For beginners, the operation logic of Binance is relatively clear, and the entry cost is low.

Two, how to obtain a Binance registration invitation code?

To enjoy fee returns, it is necessary to fill in the invitation code during registration. Once registration is completed, the invitation code cannot be supplemented.

You can register on Binance and automatically bind the commission by the following methods:

Registration link:
https://www.binance.com/zh-CN/join?ref=CS7MMKKE

Invitation code:
CS7MMKKE

Using this link to register, the system will automatically help you bind fee return rights.

Three, how to obtain a 20% Binance fee return?

Binance itself charges trading fees, but through an invitation mechanism, allows the inviter to return a portion of the fees to the invited user.

As long as you use the invitation code when registering:

  • Every transaction will automatically return fees

  • The refund rate can be as high as 20%

  • The system settles automatically, no operation required

  • Does not affect transaction prices and trading experience

For example:
If you incur a fee of 10 USDT on a transaction, the system will return approximately 2 USDT to you, leaving the actual cost at 8 USDT. The more trades, the more returns.

Four, how are Binance fees calculated?

Spot trading fees
The basic fee for Binance spot trading is 0.1% of the transaction amount.
Using the invitation code will reduce the actual fees you bear.
If you also use BNB to offset fees, the rate can further decrease.

The fee calculation method is:
Transaction amount × Fee rate

Contract trading fees
Contract trading is divided into maker and taker orders, with different fee rates.
Using the invitation code, you can also enjoy fee returns.

It should be noted that contract trading is relatively high risk, beginners are advised to start with spot trading.

Five, what is the use of the Binance invitation code?

Many beginners will overlook the invitation code, but the role of the invitation code is very clear:

  • Can obtain long-term, continuous fee returns

  • Official mechanism, no security risks

  • Does not affect trading depth and functionality

  • Only valid at registration, cannot be retroactively bound if missed

No invitation code is needed, the account functions are exactly the same, the only difference is that you have to pay more fees for each transaction.

Six, the correct process for beginners to register on Binance

  1. Enter Binance through the exclusive registration link

  2. Register using an email or phone number

  3. Automatically bind invitation code CS7MMKKE

  4. Complete identity verification (KYC)

  5. Enable two-factor authentication (2FA)

  6. Use C2C to buy USDT with RMB

  7. Use USDT to trade cryptocurrencies like BTC, ETH, etc.

Seven, beginner reminders

In the cryptocurrency world, many 'pits' are actually not market problems, but a lack of foundation:

  • Don't understand the fee structure

  • Did not fill in the invitation code when registering

  • Participating in high-risk trading right from the start

Get the registration and commission step right, which can save a lot of costs in the long run.