Navigating the world of cryptocurrency exchanges often involves finding ways to minimize costs. A popular method is through the use of invitation or referral codes, which can offer immediate benefits like reduced trading fees. This guide provides a clear explanation of how such a program works, its advantages, and how to use it effectively.
What is the OKX Invitation Code?
An OKX invitation code is a promotional tool designed to benefit both new and existing users of the exchange. By using a specific code during the registration process, a new user can unlock a permanent discount on their trading fees. For the existing user who shared the code, it often translates into earning a commission based on the new user's trading activity.
The primary benefit advertised for using a code is a 20% discount on trading fees. This discount is typically applied permanently to the new user's account, providing long-term savings on their transaction costs.
How the Referral Program Works
The OKX referral program is structured to create a mutually beneficial relationship between the referrer (the existing user) and the referee (the new user). The process is straightforward and can be activated in one of two ways.
For the New User (The Referee):
- During the account registration process on the OKX platform, you will find a field to enter an invitation or promo code.
- Enter a valid code, such as one offering a fee discount.
- It is crucial to verify that the discount has been successfully applied to your account before you begin trading. The platform interface usually displays a banner or confirmation message indicating the active promotion.
For the Existing User (The Referrer):
- After creating your own account, you gain access to a unique referral code or link within your OKX dashboard.
- You can share this code with friends, family, or through online communities.
- You then earn rewards based on the trading volume of the users who sign up using your specific code.
This system allows you to leverage the platform's tools to maximize your benefits. 👉 Explore more strategies for earning on exchanges
Key Benefits of Participation
Engaging with the invitation program offers clear advantages for both parties involved.
- Permanent Fee Reduction: The most significant benefit for a new user is the lasting reduction in transaction costs, which can substantially increase net profits over time, especially for active traders.
- Earning Potential for Referrers: Existing users can generate a passive income stream by simply introducing new traders to the platform. The earnings are directly tied to the activity of referred users, aligning success for both the individual and the exchange.
- Simple and Accessible: The process of using or sharing a code requires no technical expertise. It is a user-friendly feature integrated directly into the account registration and management panels.
Frequently Asked Questions
What exactly do I get for using an OKX invitation code?
By using a valid invitation code during your OKX sign-up, you typically receive a permanent discount on your trading fees. The most common offer is a 20% reduction on these transaction costs, which applies for the lifetime of your account.
How do I find my own referral code to share with others?
Once you have a registered and verified OKX account, you can find your unique referral code or referral link within your account dashboard or profile section. Look for terms like "Invite Friends," "Referral Program," or "Earn Rewards" to locate your personal code and track your earnings.
Is there a difference between a promo code and a referral code?
The terms are often used interchangeably. Generally, both provide a benefit to the user. A promo code is usually created by the exchange for a general marketing campaign to incentivize sign-ups or specific actions. A referral code is typically tied to an individual user's account, allowing them to earn rewards for bringing new customers to the platform while also providing a benefit to the new user.
How many people can use a single invitation code?
A specific invitation code, especially one for a generic fee discount, can usually be used by multiple new users. There is often no strict limit, as the exchange's goal is to acquire new customers. However, always check the current terms and conditions of the promotion for any specific restrictions.
Can I use a referral code after I have already created an account?
Typically, no. Invitation and promo codes must almost always be applied during the initial registration process. They cannot be retroactively added to an existing account. If you signed up without one, you would need to create a new account to utilize a code's benefits.
Where can I find a valid code if I don’t know an existing user?
Many online financial communities and forums have sections where users share their referral codes. It is important to use codes from sources you trust and to always verify that the promised discount has been correctly applied to your account after registration.