How do discounts, cashback and signup rewards differ?
When comparing an offer, identify who receives it, what the percentage applies to and when it is paid. The categories below explain the terms; they are not a claim that every exchange offers each benefit.
| Term | What to verify |
|---|---|
| Fee discount | Whether the rate charged on execution is reduced |
| Fee cashback | The returned portion of fees, payment schedule and excluded trades |
| Signup or task reward | New-account, verification, deposit and trading conditions; expiry and withdrawal restrictions |
| Referrer commission | Whether the payment belongs to the referrer or the invited user |
How do I get a personal referral link?
Sign in to the exchange’s official account portal and check the Referral or Invite Friends area for a link or code available to you. Menu names and eligibility vary by exchange, account and region; ask official support if it is unavailable.
Before copying it, record the program name, each party’s benefit, eligible products and validity period. A link shared by someone else may belong to their account rather than yours.
How are personal referrals different from affiliate programs?
Personal invitations and affiliate programs can have different application, review and payment rules. Bybit, for example, describes an application review before approved affiliates receive their own link.
Binance distinguishes Lite’s one-time rewards from Pro’s trading-fee commissions. A personal invitation link therefore should not automatically be treated as a source of recurring commission.
Sources: Bybit — Affiliate ProgramBinance — Introduction to the Binance Referral Program
What would a 20% fee discount mean?
Illustrative example: a 10,000 USDT execution at a 0.05% fee rate costs 5 USDT. If a 20% discount applies to that fee, the cost becomes 4 USDT. It does not mean receiving 20% of the trade’s value.
These are hypothetical inputs, not an available offer. Calculate entry and exit fees separately if their execution values or rates differ, and consider funding and slippage separately.
Questions and answers
Does every referral code reduce trading fees?
No. A program may provide a signup reward or pay only the referrer. Check the invited user’s actual fee rate and benefit conditions.
Can I publish my personal link on a website immediately?
Having a link does not by itself establish permission for public promotion. Check the program’s marketing rules, target regions, benefit accuracy and disclosure requirements.
Official sources and review scope
These documents were reviewed on the date above. Their terms may change. Public documentation does not verify your account’s eligibility or link-specific benefit. Hypothetical calculations on this page are our explanatory examples.