The one-line version
BaitPath promotes Binance. When a reader registers at Binance using our code BN0112, Binance passes us a portion of the trading fees that account generates, under its referral rules. That is this site's only revenue.
The three-step chain
Setting out the chain matters because "rebate" gets used very loosely, and looseness is itself the problem.
| Step | What happens | Where the money comes from |
|---|---|---|
| One | You trade and pay the fee shown on your account at the time | Your actual trading cost, as shown by the platform |
| Two | Under its referral programme, the platform passes part of that fee income to the promoter | Out of step one; the platform spends nothing extra |
| Three | If the current referral rules allow it, the promoter may pass some of their share to you as a fee discount | Availability and rate must be confirmed on the platform page |
So the more accurate description is: whether a discount exists, where it comes from and what rate applies are all set by the platform's current referral rules, not promised by the promoter. Calling it simply "a gift from the exchange" hides the promotional relationship. Why that distinction is worth treating as a warning sign is in why "the exchange is giving you X% back" is a warning sign.
Does using the code cost you more
Go only by the registration form and your account page
This site cannot confirm from a public page how this code affects the fee applicable to you. Whether a discount exists, its scope and its rate may vary by region, account and the platform's current rules; check what Binance shows before submitting registration.
We do not say "exactly the same", "always cheaper" or promise any fixed figure. The honest boundary is: this site discloses the promotional relationship but cannot promise your actual fee.
If you would rather not use a promotional link, go to Binance yourself and type BN0112 into the referral field at sign-up. Check before submitting whether the form accepts it and displays any benefit. The code block on the home page only copies the text; it does not replace that check.
Four rules we set ourselves
Not industry requirements. Constraints this site chose, written down so they can be checked.
Verifiable point by point
- Each language has one article carrying a referral link. In English it is the Binance sign-up guide; the Chinese section has its native-language counterpart. Both are written as "how to confirm at each step that you are on the real thing", not "how to click next".
- The home page links to no exchange at all. It shows the code and a copy button. Neither the navigation nor the footer links out either.
- Pieces about losses carry no sign-up prompt. Frozen accounts, scams, account takeover — pushing conversion in those contexts is jarring and corrosive.
- Tool pages carry zero commercial links. None of the five contains a route to an exchange or a sign-up page.
The common logic: if every page of a site funnels you toward the same sign-up page, it is not a content site, it is a funnel. We would rather this be useful first, with the commercial part appearing only where it is genuinely relevant.
Things that will not happen
None of these, ever
- We will not soften a risk because of revenue. Exchanges fail too, and we say so rather than working around it.
- We will not claim any rate is permanent. The rules belong to the platform; we are in no position to promise.
- We will not contact you. No support desk, no community, nobody who will message you. Anyone claiming to be BaitPath staff and approaching you is not us.
- We will not ask for account information. No codes, no passwords, no seed phrases, no identity documents — under any circumstances.
- We will not offer recovery, release or any handling service, and will never charge you for anything.
What you can check for yourself
A disclosure is only worth anything if it can be tested, so here is how.
Check the link distribution: inspect page source or developer tools and check only <a href> attributes for ?ref=. The Chinese and English sign-up guides each contain one; every other page contains none, including both home pages, the tools and the loss-related pieces. A handful of articles link to an exchange's official fee page, referral rules page or help centre — those carry no code, exist so you can verify a fact yourself, and are unrelated to promotion.
Check whether the tools transmit anything: open the network panel on any tool page and use it. No new requests appear. The site's executable scripts make no fetch or XMLHttpRequest calls and perform no storage writes; those names appear only in explanatory text. See privacy.
Check rates and discounts on the platform's own pages, not on anything a promoter shows you. Logged in, your applicable rate is visible in the account or fee section.
If you find this site behaving differently from what this page says, write to [email protected] or use the contact page. If you are right it gets fixed, and the fix is logged on the corrections page.