Exchanges we track
12 exchanges, each with verified standard fees, the referral terms we could confirm, and the countries that cannot register.
Global derivatives
Offshore venues with perpetual futures. Referral codes here pay a lifetime share of trading fees, which is why the discounts are worth comparing carefully.
Binance
The largest exchange by volume, with the deepest order books and the most restrictions.
−20%125x- Effective rate
- 0.04%
Bybit
A derivatives-first exchange with a fast matching engine and an interface built for futures.
−10%100x- Effective rate
- 0.05%
OKX
A well-engineered exchange with the lowest spot maker fee among the major venues.
−20%100x- Effective rate
- 0.04%
Bitget
Copy trading at scale, a large listing catalogue, and daily commission settlement.
−20%125x- Effective rate
- 0.048%
MEXC
Zero maker fees, the widest small-cap listing catalogue, and the highest advertised commission.
−10%200x- Effective rate
- 0.018%
BingX
A derivatives venue built around copy trading, with competitive futures fees and a referral programme that works differently from the rest.
150x- Effective rate
- 0.05%
Gate
Formerly Gate.io. Second globally by spot volume, with an enormous catalogue and competitive fees.
−20%100x- Effective rate
- 0.04%
KuCoin
A broad altcoin catalogue with strong trading-bot tooling and high affiliate commission.
−20%100x- Effective rate
- 0.048%
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Korean won market
KRW spot trading. Registration requires a Korean real-name bank account, so these are only available from within South Korea. Their invite programs pay a one-off bonus rather than an ongoing rebate.
Bithumb
South Korea's second-largest won-market exchange. The famous 0.04% is a coupon rate that expires every 30 days.
Spot only- Signup bonus
- ₩50,000
Coinone
Base fee of 0.20%, with a voucher that takes it to 0.04%, the gap worth more than the invite reward.
Spot only- Signup bonus
- ₩4,000
Korbit
South Korea's first exchange, and the only one that lets you choose your own fee plan.
Spot only- Signup bonus
- ₩5,000
Gopax
A smaller licensed Korean exchange with the highest domestic trading fee.
Spot only- Signup bonus
- ₩10,000