What is Kickback rate?

What is Kickback rate?

In SynchroBit™ Referral Program we let you to share a part of your commissions with your invited users as the additional discount on their Trading Fees. This can be a part of your commissions. For example, if your commission base is 20%, you may consider 10% of the commission rate as the Kickback to your friend. By this you will receive 10% of the Trading Fees he pays to SynchroBit™ as your own commission and another 10% will be deducted from his Trading Fee as a discount for her.

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    • How is the minimum and maximum kickback rate?

      Depending on your rating, you can set 0%, 5%, 10%, 15%, 20% or 30% of your Trading Fee commission as the Kickback rate for your friends. For more information please read the Referral Policy!
    • Should I hold SNB in my account to create the referral link?

      Normally you need to hold a minimum 500 SNB in your Spot Wallet to be eligible for the Referral Program, however, currently this minimum holding is not necessary and can participate in the program without SNB Holdings. However, if you increase your ...
    • How can I create a referral link?

      Simply on your Dashboard head to Referral. On the Dashboard, you can set the Kickback rate as per your account level and SNB Holdings from 0% to 30%. The calculations of the commissions and kickback will be shown automatically to you. You can also ...
    • Is registration by referral link mandatory for my invited users?

      No! Registration on SynchroBit.io is always by choice. By setting good Kickback rates you can encourage your friends to register with your referral link and make it more attractive for them.
    • How can I calculate my earnings from the Referral Program?

      Your earnings are automatically reflected on your Referral Program Dashboard, including; ·       Your base commission rate ·       Your total earnings in BTC ·       Total number of friends registered with your referral link ·       And your ranking ...