Who is referral and referrer?

BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors. Among its offerings are spot trading, futures trading, and a secure wallet service. These services allow users to buy, sell, and store digital assets with ease.

Referral represents the action or procedure of transferring an item or service to another individual. This process entails directing someone to a particular entity, service, or product through a reference.

The referrer, also known as a brand advocate or ambassador, plays a crucial role in this process. They are the individuals who initiate the referral by recommending a product, service, or opportunity to others.

These referrals can be made to various people, including friends, family members, and acquaintances. The referrer's personal connection and trustworthiness often influence the likelihood of the referral being accepted.

On the receiving end, the referee, typically a friend of the referrer, is the individual who is invited to participate in the referred opportunity. The referee benefits from the referrer's recommendation, gaining access to something they may not have known about otherwise.