Binance Futures is the derivatives trading platform within Binance, the world's largest cryptocurrency exchange. While the regular Binance exchange focuses on spot trading (buying and selling crypto directly), Binance Futures allows you to speculate on cryptocurrency prices using leverage, without owning the underlying asset. It operates as a separate section inside your Binance account.

Futures trading is popular among experienced traders who want to profit from both rising and falling markets, or who want to hedge their existing crypto positions. With over 530 trading pairs and leverage of up to 125x on major pairs, Binance Futures is the leading derivatives platform in the crypto industry by daily volume.

In this article, we cover everything you need to know about the Binance Futures referral ID 35205504, how it gives you a 10% discount on trading fees, how futures trading works on Binance, and what to keep in mind before you start.

Overview of the Binance Futures referral ID bonus

Futures referral ID	35205504
Link to Binance	https://accounts.binance.com/en/register?ref=35205504
Fee discount	10% discount on futures trading fees (valid for 30 days)
Standard futures fees	0.02% maker / 0.05% taker
Discounted fees	0.018% maker / 0.045% taker
Number of futures pairs	530+
Max leverage	Up to 125x (depending on the pair)

What is a Binance Futures referral ID?

A Binance Futures referral ID is a separate code from the standard Binance referral ID that you use for spot trading. While the regular Binance referral code is entered during account registration, the Futures referral ID is entered at a different moment: when you activate your Futures trading account inside Binance.

This is an important distinction. Even if you already have a Binance account, you can still use a Futures referral ID when you open your Futures account for the first time. The code 35205504 gives you a 10% discount on all futures trading fees for the first 30 days after activation.

The discount is applied as a kickback: Binance charges you the regular futures fee and then returns 10% of that fee back to your account. This is credited automatically and works on both USDⓈ-M and COIN-M futures contracts. For new accounts, we recommend first signing up with the spot referral code GET20OFF for a 20% lifetime spot discount, and then entering 35205504 when activating Futures.

How to use the Binance Futures referral ID?

Using the Binance Futures referral ID requires a few steps. Because the Futures platform lives inside the main Binance app, you first need a regular Binance account before you can access it.

Step 1: Create a Binance account

If you don't have a Binance account yet, start by creating one on the Binance website or via the Binance app. During registration, you can use the referral ID GET20OFF to also claim a 20% discount on spot trading fees. Complete the KYC verification by submitting your ID and a selfie. This usually takes only a few minutes.

If you already have a Binance account but haven't activated Futures yet, you can skip ahead to step 2.

Step 2: Activate your Futures account

Once logged in, navigate to the "Derivatives" section in the top menu and select "USDⓈ-M Futures" or "COIN-M Futures." If this is your first time, Binance will prompt you to open a Futures account. During this activation step, you will see a field where you can enter a Futures referral code. Enter 35205504 here.

Before you can start trading futures, Binance requires you to complete a short quiz about futures trading risks. This is to ensure that users understand the basics of leverage and liquidation before they trade. You also need to enable Two-Factor Authentication (2FA) on your account.

Step 3: Fund your Futures wallet and start trading

After activating your Futures account, you need to transfer funds from your Spot wallet to your Futures wallet. Binance does not charge any fees for this internal transfer. You can transfer USDT, USDC, or other supported assets depending on which contract type you want to trade.

Once your Futures wallet is funded, select a trading pair (for example, BTC/USDT), choose your leverage, decide on a long or short position, and place your order. The 10% fee discount from the referral ID will automatically apply to every futures trade during the first 30 days.

How Binance Futures fees work

Binance Futures uses a maker-taker fee model, which is different from the flat fee structure on Binance spot trading. A maker is someone who places a limit order that doesn't fill immediately, this adds liquidity to the order book. A taker is someone who places a market order that fills instantly, removing liquidity.

For regular users (non-VIP), the standard futures fees are 0.02% for makers and 0.05% for takers. These rates apply to both USDⓈ-M and COIN-M contracts. With the referral ID 35205504, these fees are reduced by 10%, bringing them down to 0.018% for makers and 0.045% for takers during the first 30 days.

To put this in perspective: if you open a USDⓈ-M futures position worth 10,000 USDT as a taker, the regular fee would be 5 USDT. With the 10% referral discount, you would pay 4.50 USDT instead. While this may seem small per trade, active futures traders execute dozens or even hundreds of trades per day, and the savings quickly add up.

In addition to trading fees, Binance Futures also charges funding rates on perpetual contracts. These are periodic payments exchanged between long and short positions every 8 hours, designed to keep the contract price close to the spot price. Binance does not profit from these funding payments, they are transferred directly between traders. However, they can significantly impact your profitability, especially during volatile market conditions.

How to reduce futures fees even further

Beyond the 10% referral discount, there are additional ways to lower your Binance Futures trading costs:

• Pay fees with BNB: By holding BNB in your USDⓈ-M Futures wallet and enabling BNB fee deduction, you get an extra 10% discount on USDⓈ-M trading fees. Note that this BNB discount is not available for COIN-M contracts.
• Use limit orders: Maker orders (limit orders that don't fill immediately) are charged 0.02% compared to 0.05% for taker orders. By placing limit orders whenever possible, you can cut your base fee by more than half.
• Climb VIP tiers: As your 30-day trading volume increases, you move up through Binance's VIP levels, which come with progressively lower fees. At the highest level (VIP 9), the maker fee drops to 0% and the taker fee to just 0.017%.

When you combine the referral discount, BNB payment discount, and limit orders, the effective fee on a futures trade can be significantly lower than what most competing exchanges charge. This makes Binance Futures one of the most cost-effective platforms for derivatives trading.

What is Binance Futures and how does it work?

Binance Futures is the derivatives arm of the Binance platform. Unlike spot trading on the regular Binance exchange, where you buy and hold actual cryptocurrencies, futures trading allows you to open leveraged positions on the price movement of an asset. You can go long (betting the price will rise) or short (betting the price will fall).

The key feature of futures is leverage. Leverage lets you control a larger position with a smaller amount of capital. For example, with 10x leverage and 100 USDT as margin, you can open a position worth 1,000 USDT. While this amplifies potential profits, it equally amplifies potential losses. If the market moves against your position by enough, you can be liquidated and lose your entire margin.

Binance Futures supports over 530 trading pairs, with leverage ranging from 10x to 125x depending on the asset. The most liquid pairs like BTC/USDT and ETH/USDT support up to 125x leverage, while smaller altcoins typically offer lower leverage due to higher volatility risk. In 2026, Binance also started offering stock-linked futures, such as Tesla (TSLA) perpetual contracts with up to 5x leverage.

Types of futures contracts

Binance offers two main categories of futures contracts:

• USDⓈ-Margined (USDⓈ-M) contracts: These are settled in stablecoins like USDT or USDC. They are the most popular contract type because they are easier to understand, your profit and loss (PnL) is calculated in a stable dollar-pegged asset. This includes both perpetual contracts (no expiry date) and delivery contracts (with a set expiry date).
• COIN-Margined (COIN-M) contracts: These are settled in the underlying cryptocurrency itself. For example, a BTC/USD COIN-M contract uses Bitcoin as both margin and settlement. These are popular with miners and long-term holders who want to hedge their positions without converting to stablecoins.

Most beginners start with USDⓈ-M perpetual contracts, as they are the most straightforward. You deposit USDT into your Futures wallet, select a pair, choose your leverage, and trade. The referral ID 35205504 works for both contract types.

Cross Margin vs. Isolated Margin

When opening a futures position on Binance, you can choose between two margin modes:

• Cross Margin: Your entire Futures wallet balance is used as collateral for all open positions. This reduces the risk of liquidation on individual trades, but it also means that a large loss on one position can affect your other positions.
• Isolated Margin: Each position has its own separate margin. If a position is liquidated, you only lose the margin assigned to that specific trade, not your entire wallet. This gives you more control over risk per trade.

For beginners, Isolated Margin is generally the safer choice because it limits the potential loss per trade. More experienced traders often use Cross Margin for better capital efficiency across multiple positions.

Pros and cons of Binance Futures

Binance Futures has a lot going for it, but there are also downsides you should be aware of before committing to the platform.

• Lowest fees in the industry: With maker fees starting at just 0.02% and taker fees at 0.05%, Binance Futures is among the cheapest derivatives platforms available. When combined with BNB discounts and the referral ID, your effective cost drops even lower.
• Deep liquidity: Binance Futures consistently leads the market in daily trading volume. This means tight spreads, fast execution, and minimal slippage, even for large orders.
• 530+ trading pairs: From major coins like BTC, ETH, and SOL to smaller altcoins and even stock-linked futures, the selection is one of the broadest in the market.
• Advanced trading tools: Binance Futures offers TradingView chart integration, multiple order types (limit, market, stop-limit, trailing stop), a built-in PnL calculator, and Futures NEXT for predicting upcoming listings.
• SAFU protection: The Secure Asset Fund for Users (SAFU) provides an additional layer of protection for traders on the platform.
• Copy Trading: Binance offers a Futures Copy Trading feature, allowing less experienced traders to automatically follow the trades of successful futures traders.

Despite these advantages, there are some things to consider:

• High risk of liquidation: Leverage is a double-edged sword. Even small price movements can result in large losses or full liquidation, especially at higher leverage levels. Most professional traders rarely use more than 10x to 20x leverage.
• Not available everywhere: Binance Futures is restricted in several regions, including the entire European Union due to regulatory restrictions. Other platforms like MEXC and BloFin still offer futures trading in these regions.
• Complexity: The Futures interface can be overwhelming for new traders. Terms like margin ratio, funding rate, liquidation price, and mark price require study before trading with real money. Binance does offer a "Lite" mode, but the learning curve remains steep.
• Funding rate costs: Holding perpetual futures positions across funding intervals (every 8 hours) can eat into profits, especially during trending markets when funding rates spike.

Important note for European traders

If you are based in the European Union, it's important to know that Binance Futures is currently not available in EU countries. This restriction has been in place since 2022 due to regulatory requirements. While Binance is actively working towards a MiCA license through Greece (expected before July 2026), it is unclear whether futures trading will be re-enabled for EU users.

For European traders who want to trade crypto futures, alternatives like MEXC, KuCoin, and BloFin still offer derivatives services. However, always verify the regulatory status in your specific country before signing up, as regulations differ per jurisdiction.

For users in regions where Binance Futures is available, you can also consider using Bitvavo for your spot trading needs, which is fully licensed in Europe with a MiCA license, and combine it with Binance Futures for derivatives.

Conclusion

Binance Futures is the world's largest and most liquid crypto derivatives platform, offering over 530 trading pairs with leverage up to 125x. For traders looking to speculate on crypto price movements or hedge existing positions, it provides an excellent combination of low fees, deep liquidity, and advanced tools.

By using the Binance Futures referral ID 35205504, you can save 10% on trading fees during your first 30 days of futures trading. Combined with BNB fee deductions and maker orders, the total cost of trading on Binance Futures becomes extremely competitive.

However, futures trading carries significant risk due to leverage. Start with low leverage, use Isolated Margin mode, and never trade more than you can afford to lose. Also check whether Binance Futures is available in your region before signing up, as restrictions apply in the EU and some other jurisdictions.

Don't forget: if you're also interested in spot trading, you can use the regular Binance referral ID GET20OFF during account registration for a 20% lifetime discount on spot fees. Using both codes together maximizes your savings across the entire Binance platform.