Binance · Identity verification

Why does the Binance referral code require KYC verification?

Binance’s referral terms make eligibility for the referral programme subject to completing identity verification, and state that Binance may restrict, suspend or deny referral benefits until KYC is done to its satisfaction. In practice the new-user vouchers of up to 19,800 USD unlock only after verification, and the same identity data decides whether PRM26 can still be bound within 30 days of registration.

Register on Binance with PRM26 → Binance referral code guide →

Affiliate link: Binance pays us a commission if you sign up through it. The rebate you receive is set by Binance and is the same either way.

Written and checked by , Promo Code Network, Switzerland

What Binance’s referral terms say about KYC

The additional notes to the Binance Referral Program, read on 22 September 2026, put the KYC requirement in one sentence: eligibility for the referral programme is subject to completion of Binance’s identity verification procedures. The same section lists what those procedures may include: personal information such as full name, date of birth, nationality, country of legal domicile, current residential address and contact details, and copies of government-issued identification, for example a passport, national identity card or driver’s licence. It then states that Binance may restrict, suspend or deny access to referral programme benefits, including the ability to earn or redeem rewards, until KYC has been completed to its satisfaction. The reason is not the code itself; it is that the programme pays money, and Binance treats any payment of rewards or rebates as something it will only make to a verified person.

What the Binance referral code needs KYC for, and what it does not

StepKYC needed?Why
Registering with PRM26NoThe code goes into the Referral ID field on the signup form; verification comes afterwards
Referral relationship recordedNoBound at registration; visible under Account, Referral, Referral Pro
Receiving the 20% fee rebateTreat as yesThe terms allow Binance to withhold any referral benefit until KYC is complete
New-user reward vouchers, up to 19,800 USDYesTask-based vouchers are released through the Rewards Hub after identity verification
Binding a forgotten code within 30 daysIdentity check appliesOne of six conditions: the KYC data must not have been used on another account in the past 180 days

Sources: Binance Referral Program additional notes, section 2, and Referral Pro FAQ, question 4. The 19,800 USD figure is the maximum across all reward tiers, not a single payment, and voucher terms differ by region.

The 180-day identity rule, and why a second account backfires

KYC is also how Binance enforces one account per person in the referral programme. Question 4 of the Referral Pro FAQ allows a referral to be bound after registration only if, among other conditions, the user’s KYC information has not been used on another account within the past 180 days. Question 8 describes what happens when someone closes an account and opens a new one with a different referral using the same identity: Binance identifies the duplicate, terminates the commissions from that user, and the user becomes ineligible to receive any rebates. Question 7 adds that Binance reserves the right to terminate all referral commissions of an account created after closing another for referral benefits. So the identity documents you submit at KYC are the reason a “fresh start” with PRM26 on a second account does not work, and why we never recommend trying it.

Verified once, bound once. Your identity can carry one Binance referral relationship. If PRM26 was missed at signup, bind it within 30 days and before any deposit or trade; do not verify a second account.

Doing KYC in the right order for the Binance referral code

  1. Register with PRM26 in the Referral ID field On the web form the field is visible; in the app it is collapsed behind “Referral ID (Optional)”. The invitation link pre-fills it.
  2. Verify your identity before depositing Submit the personal details and one government-issued document from the list in Binance’s terms. Doing this first keeps the account eligible for every referral benefit from the first trade.
  3. Check the Referral Pro page Account, Referral, Referral Pro should show a 20% rebate rate. If it is empty and the account is under 30 days old with no deposit or trade, bind the code now.
  4. Make the first fee-paying trade The rebate is 20% of the net fee, calculated hourly and credited in USDC to the Spot account within 6 hours. Zero-fee trades generate nothing.
  5. Complete the reward tasks Deposit and trading tasks in the Rewards Hub release the vouchers in tiers, up to the 19,800 USD maximum across all tiers.

Binance referral code and KYC: common questions

Can I register with the Binance referral code without KYC?
Yes. PRM26 is entered in the Referral ID field on the signup form, before any verification. But Binance’s referral terms let it withhold referral benefits until KYC is complete, and the new-user vouchers are only released after verification, so the code delivers nothing until you verify.
Which documents does Binance accept for KYC?
Binance’s referral terms list government-issued identification such as a passport, national identity card or driver’s licence, together with personal details: full name, date of birth, nationality, country of domicile, residential address and contact details.
Is the 19,800 USD reward paid without verification?
No. The rewards are task-based vouchers released through the Rewards Hub after identity verification, in tiers. The 19,800 USD figure is the maximum total across all tiers, not a single payment, and the tiers and conditions vary by region.
Can I do KYC on a new account to add a missed referral code?
No. Binance’s FAQ says a duplicate identity with a different referral leads to terminated commissions and no rebates for that user, and Binance may terminate all referral benefits of an account opened after closing another. Use the 30-day binding window on the original account instead.
Does KYC on Binance affect my taxes?
Verification ties the account to your identity; whether and how trading is taxable depends on where you live. We are not tax advisers. Rebates arrive as USDC credits and reward vouchers, and how those are treated is a question for a qualified adviser in your country.

Sources

  1. Binance Referral Program: additional notes, section 2 on KYC procedures and the right to withhold referral benefits until verification. Read 22 September 2026.
  2. Binance: Frequently Asked Questions on Referral Pro Mode, questions 4 (180-day KYC condition for late binding), 7 and 8 (closed and duplicate accounts), USDC settlement within 6 hours. Read 22 September 2026.
  3. Binance registration page with the referral parameter, last live-tested 21 August 2026 (code holder, 20% rebate and the up-to-19,800 USD reward line shown).