Recently, some friends asked me about referral commissions, so I might as well organize my thoughts. Honestly, your referral commission quota in the crypto world is your chip—using it wisely can save money and make money, but most people are using it the wrong way.

First, let's talk about what referral commissions are. When you trade on an exchange, whether spot or futures, you have to pay a fee; the larger the trading volume, the more terrifying the fee. Some big exchanges have thought of this and decided that instead of taking all the fees themselves, they might as well allocate a portion for user growth, which is the source of referral commissions. Simply put, when you invite friends, they get reduced fees, and you earn extra commissions, helping the platform attract new users. The rules are clear: the more people you invite, the higher the percentage; those big influencers with many followers can get more favorable referral partnerships.

The key is to choose the right people to bind with. Many people ask me to bind under them, and my first question is always about the ratio, because some people have no ratio at all—binding with them is the same as not binding at all. The second is whether this person can bring you value; avoid purely referral-focused, follower-less traders or ordinary users—look for those who can truly output value. For example, I myself focus on beginner education; if you want to learn knowledge and skills, bind under me. But if you only want to copy trades in futures, then find a trader streamer who can take care of you.

There are also many pitfalls in referral commissions. Never trust referral ratios that exceed platform rules—that's a scam. Don't get lured into shady platforms; they just want to eat your customer losses or even blow your positions. Also, be cautious about random bindings; many people have no ratio and can't offer you any benefits. Think carefully before binding.

For ordinary players wanting to make money from referral commissions, it's actually simple: cooperate with those KOLs or streamers who have teams, help them promote, and if it's easy to promote, you can earn together. Going solo is very difficult; this field is highly competitive. Even if you do bring in people who don't understand, binding under you has little meaning—low ratios, and they can switch to others once they understand. So instead of promoting on your own, it's better to find a reliable referral partner—this is more cost-effective.