The Bitfinex referral code is RaCm07LCv. This code guarantees a discount on all Bitfinex fees, allowing exclusive advantages for those who entered the code at the time of registration.
Founded in 2012 and operated by iFinex Inc., Bitfinex is a cryptocurrency exchange whose strategy focuses on providing the best crypto trading experience by delivering cutting-edge technology to professional traders and liquidity providers around the world.
It has an affiliate program where you earn unlimited commissions in exchange for referring people to the exchange. This allows for increased cryptocurrency earnings, a percentage of trading fees, and margin funding at up to three degrees of connection in your referral network. And, if your referrals meet certain criteria determined by the platform, you will receive commission multipliers.
And how do I join?
Anyone can participate in the Affiliate Program, you just need to have an account on the exchange, because it is through this account that you will receive your affiliate commissions.
1. First, you must register on this page, entering your e-mail address.
2. Create a password. This password must have at least one capital letter, one number, and one special character, with a minimum length of 8 characters in total.
3. Create a username, which will be your identification within the Bitfinex platform.
4. Copy and paste the referral code RaCm07LCv into the “add referral code” field.
5. Enter your country of residence and timezone.
6. Create and confirm a PIN code for the mobile app.
7. Enable two-factor authentication via the 2FA app (save the secret QR code in a safe place and never show it to anyone).
8. Finally, confirm the email sent to you by Bitfinex.
You are now ready to buy and sell cryptocurrencies at one of the best exchanges in the world, with a discount guaranteed by the invitation code RaCm07LCv provided.
How to generate referrer code for your friends?
After logging in, go to your Affiliate page and start generating referral codes, then share them with your network of contacts. These new members will become your affiliate network.
The Bitfinex referreer code is RaCm07LCv. After using this code, you can create another one to share with your friends and be part of the Bitfinex network. There is no limit to how many times the code RaCm07LCv can be used.
Another way to build or grow your affiliate network is by gifting your fellow cryptocurrency traders with a 6% discount rate on their Bitfinex membership.
Then just track the performance of your disclosed referral codes, how much you have earned so far and how your referrals are doing. Every time your referrals trade or perform certain actions on the platform, you will receive a percentage of your trading fees and margin funding.
This referral code is often called an invite code. So to enjoy maximum benefits now and in the future, sign up using the Bitfinex invitation code RaCm07LCv.
How long will the code be valid?
The Bitfinex referral code RaCm07LCv is valid for 2022, 2023, 2024 onwards. It doesn’t expire. But the sooner you use it, the sooner you start enjoying the benefits.
But what is the difference between affiliate and member?
An affiliate is a Bitfinex user who generates referral codes and shares them with others, introducing them to Bitfinex and thus developing an affiliate network that will contribute to your commission earnings.
A member is anyone who registers with Bitfinex using a referral code provided by an affiliate. Members earn a 6% discount rate on their registration and can also become affiliates.
What is the Bitfinex referral link?
The Bitfinex referral link is for the user to click on and be taken directly to the exchange’s home page. So after clicking Sign Up the referral code RaCm07LCv will already filled in automatically.
Why do some people search for the code on Reddit?
It is common to search for referral codes in the community. But in reality it matters little where you found it. What matters is the usefulness of the code. We can say that bitfinex referral code reddit RaCm07LCv works and has no expiration date.
How do I generate my referral codes in practice?
After logging in at Bitfinex, click on More > Affiliate Program in the top menu of the site. Then, click on Generate new code to insert a tag for your code and be able to better track your income. Finally, click the Generate Code button and start inviting your contacts.
You can share the same codes multiple times or create new ones, depending on your needs. And anyone who signs up at Bitfinex using one of your referral codes will become a member of your network. The more people you refer, the more you can earn!
Who can’t become a member of Bitfinex?
You can share your codes with as many people as you want, but you need to pay attention to account types that cannot be one of your affiliates:
– An account owned or controlled by you or a member of your immediate family or household;
– An account owned or controlled by a person who is already a Bitfinex user;
– An account owned or controlled by a person prohibited from or residing in restricted jurisdictions.
What about earnings as an affiliate?
Bitfinex affiliates can earn up to three levels in their network through trading activities and margin funding. That is, not only will you benefit from the activities of the people you refer, but you will also receive commissions from the people they refer.
So the rewards for each member of your network will be 18% for direct connections (1st degree), 6% for connections from your connections (2nd degree) and 2% for connections in 3rd degree.
And to get the commission multipliers commented at the beginning of this article, you need to meet the criteria of:
– Account verification (yours and your members’): 1.2x.
– Holding of UNUS SED LEO tokens: if one of your members has a holding of LEO tokens greater than or equivalent to 500 USDt LEO, the multiplier will be 1.1x. If it obtains a holding greater than or equivalent to 5,000 USDt LEO, the multiplier will be 1.2x. If you obtain a holding greater than or equivalent to 50,000 USDt LEO, the multiplier will be 1.5x.
– Social media activity: 1.1x if you have more than 1,000 followers and 1.2x if you have more than 10,000 followers. And an additional 1.1x or 1.2x if your network members interact on social networks (in the same proportion of followers as in the formula above).
*The multiplier will be valid for 36h after the last interaction (like or share) and applicable only to activities from the last 7 days of Bitfinex. And don’t forget to link your Bitfinex account to your social media account to benefit from these activities.
What is the UNUS SED LEO token?
UNUS SED LEO is a utility token from the iFinex ecosystem. The inspiration for this Latin name came from one of Aesop’s fables.
The UNUS SED LEO, like Binance’s BNB token or crypto.com’s CRO token, allows users of the Bitfinex exchange to trade at reduced fees. The total discount varies depending on how many LEOs the user owns. This discount also depends on whether the transaction is crypto-to-crypto, crypto-stablecoin, or crypto-to-fiat.
The calculation is made from the USDT equivalent. Tier 1 consists of any amount greater than 1 USDT in LEO. Level 2 represents an amount of LEOs greater than 5000 USDT and level 3 is for those with more than 10000 USDT equivalent in LEO.
The discounts for each level are:
Level 1: 15% crypto-to-crypto and crypto-to-stablecoin.
Level 2: 25% crypto-to-crypto and crypto-to-stablecoin + 10% crypto-to-fiat.
Tier 3: 25% crypto-to-crypto and crypto-to-stablecoin, 10% crypto-to-fiat + 0.5-1.5bps for maker and taker orders in derivatives.
What is the Bitfinex promo?
Often the Bitfinex referral program is called a Bitfinex promo, as it is an incentive promotion for new users. The Bitfinex promo code is RaCm07LCv.
Controversies involving Bitfinex:
The LEO token was launched to cover financial losses after the company Crypto Capital (which processed iFinex payments) had its funds seized by the government.
A transparency initiative has been launched on the UNUS LEO token so that everyone can track the fate of the token, which will gradually be repurchased by the company.
Another point of note is that Bitfinex is the official issuer of the USDT token, the largest dollar-backed stablecoin on the market. In the past there have been questions about the existence of ballast. However, contrary to what many have said, the USDT token is still alive and kicking and has not experienced any major problems.
How can I track my earnings and how will I receive them?
Your earnings can be tracked in your account via the Affiliate Panel > Reports.
Affiliate or member discount payments will be received in the same cryptocurrencies that Bitfinex has collected as the applicable fees on which the payments are based**, and can be composed of various cryptocurrencies.
**Except UNUS SED LEO tokens and any cryptocurrencies that the exchange determines must be converted – if your account is not verified to the required level or you are not eligible to receive it.
What are you waiting for to get started? Become a Bitfinex affiliate now! Use the code RaCm07LCv.
Where can I find more information?
On the official Bitfinex program and in the Bitfinex community you can always keep up to date about news on the referral program.