Points on Binance are a rewards system that allows you to accumulate points by completing various tasks, participating in activities, or interacting with the platform's features. These points can be redeemed for a variety of rewards in the Rewards Shop.
Here's how points work on Binance:
1. How are points earned?
You can earn points in various ways, which generally include:
* Completing tasks: Binance often offers daily or time-limited tasks in the Rewards Hub. These tasks may include things like completing a certain trading volume, making a deposit, participating in surveys, or using new platform features.
* Participating in activities and campaigns: Binance regularly organizes campaigns and promotional activities where you can earn points as a reward for participating.
* Point-based activities in the Rewards Hub: Within the Rewards Hub, there may be specific activities designed to award points.
* Referral program: Inviting friends to join Binance through your referral link can sometimes earn you points as a reward.
* Holding certain tokens or being a VIP user: In some cases, higher-level VIP users or those holding certain tokens may receive points as part of loyalty programs.
* Games and contests: Occasionally, Binance may offer games or contests where points are part of the prizes.
* Learn and earn: The platform sometimes has educational programs where you can earn cryptocurrencies or points for completing courses or quizzes.
* Community features (Binance Square): Interacting in Binance Square, such as daily check-ins, reading articles, or interacting with posts, can also earn points.
* Word of the Day (WOTD): Participating in the daily word-guessing game related to cryptocurrencies can reward you with points.
2. Where can accumulated points be seen?
You can check your points balance in the Rewards Hub within your Binance account, both in the mobile app and on the website.
3. What are points for?
Accumulated points can be used to claim various rewards in the Rewards Shop. These rewards may include:
* Binance Coupons: These coupons can offer discounts on trading fees, refunds, or even free tokens.
* Gift cards: You can redeem your points for gift cards for various stores or services.
* Spins in games: Sometimes, the Rewards Shop offers the opportunity to use your points for spins in games where you can win more rewards.
* Donations to non-profit organizations: Binance often allows you to use your points to support charitable causes.
* VIP level upgrades: In some cases, points could be used to temporarily or permanently obtain a higher VIP level, which comes with benefits such as lower trading fees.
* Other benefits: The variety of rewards may change over time, including other exclusive offers.
4. How are points redeemed?
To redeem your points:
* In the Binance app: Go to your Profile and then to Rewards Zone (or Rewards Hub). Inside, you will find the Rewards Shop. Explore the available rewards, select the one you want, and click Claim. Points will be deducted from your balance. Claimed rewards are generally found in the My Coupons section.
* On the Binance website: Log in and go to Profile and then to Rewards Zone. Similar to the app, navigate to the Rewards Shop, choose your reward, and click Claim.
5. Expiration of points:
It is important to note that Binance points have an expiration date. Generally, points expire on the last day of the same month of the following year in which they were earned, following a FIFO (first in, first out) system. Be sure to use your points before they expire, as they cannot be extended. You can check your points history and expiration dates in the corresponding section of the Rewards Hub.
In summary, Binance points are a way to reward users for their activity on the platform, offering the opportunity to obtain various benefits by redeeming them in the Rewards Shop. Stay alert for different ways to earn points and make sure to use them before their expiration date.