What is the Poloniex Referral Program and how does it work?
Our Spot, Margin and Futures Referral Program allows all eligible existing Poloniex customers to invite their friends to Poloniex and earn from the trading fees their friends pay. As the inviter, you’ll earn 20% on your friends’ trading fees and they’ll earn 10% back.
Who are the inviters?
Inviters are customers who bring their friends (referrals) to Poloniex. When a referral creates an account, they must add the inviter’s referral code to participate in the program. As the inviter, you’ll earn 20% on your referrals’ trading fees, and there is no limit to the number of users you can invite.
Who are referrals?
Referrals are customers who were invited by a friend to Poloniex. When a referral creates an account, they must add the inviter’s referral code to participate in the program. As the referral, you’ll earn a rebate of 10% on your own trading fees. Once you have an account, you can also become an inviter and start referring your friends to earn more rewards.
How do I know if I am eligible to participate?
Accounts that have completed both Level 1 and 2 verifications can participate in the referral program. Check your account settings to see if you are eligible and to find your referral code. If you see a code, you are eligible to participate!
How do I get the referral code? How many times can a referral code be used?
All existing Poloniex customers can access their referral code from their account settings. Sign in to your account, find your referral code, and then share the code with your family members, friends, and even on social media platforms! You can share your codes as many times as you like, and every person who signs up using your code will be another person you can earn from.
Who can I share my referral codes with? Are there any restrictions?
You can share your code within your social networks to as many people as you like. However, customers cannot invite accounts owned or controlled by existing Poloniex customers. Once such behavior has been detected, you will be disqualified from the Referral Program and all unpaid earned or accrued referral rewards will be cancelled immediately.
Additionally, we are unable to accept referrals from and cannot pay out rewards to customer accounts that are frozen, closed, or based out of a country in our prohibited countries list. For further details, please refer to our User Agreement.
How can I apply an inviter’s referral code to my account?
In order to become a referral, you need to input the inviter’s code to your account when you first sign up. Once your account has been created, there is no way to apply the code. Be sure to apply your friend’s code before you create your account!
How long am I eligible to earn referral rewards for?
The spot and margin trading rewards for referrals are valid for 60 days since they sign up for Poloniex. The futures trading rewards are valid for 60 days after the referrals enable futures trading, whereas there is no expiry date for the inviters' rewards.
Where can I see my referral rewards? How often will the rewards be distributed?
Rewards will be distributed to inviters and referrals in USDT on a daily basis at a fixed time of the day for all trades made the day prior (not the last 24 hours). You can click here to view all of your rewards.
If I sign up or invite someone with a referral code, what information can the inviter and referral see about my account?
Both inviters and referrals can see the rewards they’ve earned through the referral program. The rewards are broken down by Inviter Rewards and Referral Rewards on both a cumulative and daily basis. Inviters can view the total number of users who signed up with their exclusive referral code.
How are spot and margin net trading fees calculated?
Spot and margin net trading fees will be calculated based on actual trading. Each time a referral completes a trade, we will look at the fees they pay combined with the fees the counterparty on the other side of their trade pays. The total daily net trading fee will determine the amount of daily rewards for both inviters and referrals.
*KISHU is excluded from referral calculations
How are futures basic referral rewards calculated?
- Inviter’s futures referral reward = Net trading fee * Reward rate
- Invitee’s futures trading rebate = Net trading fee * Rebate rate
- Net trading fee ≠ Futures trading volume of an invitee * Fee rate. An inviter’s rewards are subject to the actual fees incurred by the invitee. For example, the invitee’s counterparty may be eligible for a trading fee rate lower than zero, or the invitee may use a fee discount voucher.
- The inviter will not receive any reward when the invitee:
- trades in zero-fee markets
- uses trading fee discount vouchers to offset trading fees
- enjoys lower-than-zero trading fee rates
For detailed information, please refer to our Referral Program Page, Spot and Margin Referral Program and Futures Referral Program. If you still can’t find the answer you need, feel free to contact our Support Team and we’ll be happy to help you!
September 9, 2021