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Crypto fee-rebate services compared (2026)

Updated October 2026 · ~43 min read

This comparison is published by Rebatly, which is one of the fourteen services in it — so read it as a competitor's comparison, not an independent review. To make that bias checkable, every figure below is what each service's own website states — read again in full for this second edition — and Rebatly's row is held to the same columns and the same scrutiny as everyone else's. One month was enough for one service to be replaced by a different one, for two to drop an exchange and for one to add Bybit; the changelog lists what moved. Nothing here ranks the services or names one as the right choice; the aim is to give you the three questions that make any rebate offer readable in a minute.

Bybit · OKX · Bitget referral codeREBATLYMEXCmexc-RebatlyOrangeXrebatlyToobitRebatlyEnter it at signup. Afterwards only Bybit and MEXC let you add it: Bybit within 14 days of registering, if no code was used; MEXC (code mexc-Rebatly) within 30 days, on a main account with no referrer yet.

Get fees back on every trade

$10M+ rebates paid · Paid daily in USDT · No password or API keys, ever

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The short answer: how to read a rebate offer in 60 seconds

Three questions settle most of what matters, and each can be answered from a service's own pages.

1. Rate basis — a share of what? “50%” can mean 50% of the trading fees you paid, or 50% of something smaller, such as the service's own earnings, which are only a fraction of your fees. Only the first is comparable across sites. Look for the sentence that defines the base. TetherMaker's About page draws the line in its own words: “회사 수익이 아닌 수수료의 %를 드립니다” [we give a % of the fees, not of company revenue]. TetherBack describes its basis both ways on different pages (“A percentage of your trading fees is returned as USDT cashback” and “a share of referral-based commission revenue”), and Trade Reclaim's FAQ says “We return 30 to 50 percent of that commission to you” while its help centre calls each rate “the share of your trading fees that comes back to you”. Where no defining sentence exists, the headline is a number without a unit. The yardstick for Bybit is the exchange's own rule: Bybit's Affiliate Program FAQ states that the maximum total rebate on trading fees for VIP accounts under an affiliate is capped at 50% — which makes 50% of fees the ceiling on any rebate that can reach you on those accounts. For non-VIP accounts the same FAQ says there is no such cap.

2. Payout route — where does the money land, and when? Four patterns appear across the fourteen sites: the exchange itself credits part of the rebate into your exchange account (OKX's automatic 20% on Backcom.io, loweef and TetherMax; the automatic portion on most TetherBack exchanges); the service sends it into your exchange account by internal transfer (Rebatly next day, HighFxRebates weekly on Bybit, loweef on request, TetherMax on request from 10 USDT — and ReturnFee says it will once its payouts go live); the service holds it on a platform balance you withdraw to your exchange UID (TetherMaker from 1 USDT) or to an app wallet (Backcom.io's weekly portion, paid “every Monday into your Backcom App wallet, where you can withdraw it at any time”); or it holds a balance you withdraw to a bank account or external wallet (TariTali in yen; TetherForYou and Trade Reclaim to a wallet address; GetRebate monthly in USDT on TRC-20). The route sets the minimum, the delay, and who holds the money in between.

3. What you hand over. Every site works from an exchange account opened under its referral code, and all but two ask you to submit that account's public UID — Rebatly needs nothing submitted to pay you, and Rebatefee has no form at all; the account simply has to be “created directly through Rebatefee's official signup link”. None of the pages we read asks for API keys (loweef offers an optional read-only key for its live view; none requires one). The differences are whether you also open an account on the service, what that account asks for (TetherMate's sign-up form asks “운용하는 시드가 얼마나 되시나요?” [how much capital do you trade?]; TetherBack's privacy policy says verification “may” require “government-issued identification and a selfie”; GetRebate's sign-up form now asks you to sign in with a Google account before it opens), whether withdrawal needs exchange KYC, and whether you must give a bank account or wallet address to be paid. A UID is public and grants nothing; an API key with trade or withdrawal permission grants a great deal, which is why any service that asks for one should say which permissions and why.

How we compared

Every number on this page is what the service's own website states. For this second edition every site was read again in an ordinary browser, with pages rendered as a visitor sees them and every quotation carried over from the first edition checked again against the live text — quotations that no longer appear were removed or replaced, and the service notes say what changed. “Not stated on their site” means we looked on the pages we could reach and could not find it — not that the service lacks it. No service was contacted, no accounts were opened, no sign-in was used (one sign-up form now requires a Google account, so its field list is the one read in September and is marked as such), and no rate was tested; we have not measured a single payout on any of these services, Rebatly included. Where a site contradicts itself we show both versions rather than choose one. Korean and Japanese quotations are given in the original with our own translation in square brackets. Where a fact comes from a page's embedded data (JSON-LD, UI strings in the page bundle) rather than rendered text, we say so. Sites that describe a fee calculator but no payment to users were left out. The table is alphabetical, Rebatly's row uses the same columns and the same standard as everyone else's, and nothing here is a ranking. Rates and terms on all fourteen sites can change at any time — many did in the month between our two readings — and the changelog at the end records what was checked and when.

The comparison table

One row per service, alphabetical. “Advertised top rate (as written)” is the highest figure the site shows for any exchange, quoted verbatim, followed by the site's Bybit figure so every row can be read against Bybit's 50% cap; a Bybit figure says nothing about the other exchanges. Sources are the pages named in the service-by-service notes below.

ServiceExchangesAdvertised top rate (as written)Rate basisPayoutWhat you hand over
Backcom.io (backcom.io/en)9 crypto: OKX, Bybit, Binance, BingX, Bitget, MEXC, Gate.io, KuCoin and, new since September, Bitunix; plus forex brokers“Auto rebate 60% daily” (KuCoin); exchange index description “Get up to 60% of fees back”; homepage: “For Crypto, Backcom.io returns 50–70% of trading fees”. Bybit: “Weekly rebate 50% every Monday”Fees — “rebates range from 30% up to 60% of the trading fee”. Same site: “Backcom.io returns most of that to you” (of the IB commission) and “The entire commission from the broker is refunded 100% to your account”Exchange-credited part hourly (OKX) or daily into the exchange account; Backcom part “every Monday into your Backcom App wallet, where you can withdraw it at any time”. Withdrawal route, currency and minimum from that wallet: not stated on their siteBackcom App account (fields not visible to us) + exchange UID, “Link every sub-account you trade from”; exchange KYC; privacy policy: never “any API key with trading/withdrawal permissions”
GetRebate (getrebate.io)5 with pages: Binance, Bybit, Bitget, OKX, MEXC. /exchanges/ still marks Gate.io, BingX, Bitunix and Crypto.com “COMING SOON”, while homepage tiles now show referral codes for Gate.io and Bitunix; DEXs and forex brokers also “COMING SOON”“40% (Spot & Futures)” on every exchange tile. Bybit: “40% (Spot & Futures)”Fees — “You receive 40% of trading fees as cashback”. One worked example in its Binance article instead takes 40% of a 50% commission (“user receives 0.015 percent back”)Monthly to an external wallet: “Payouts are processed monthly on the 8th of each month”, in “USDT (TRC-20)”, to “the wallet address you registered with”; minimum “$10 USDT”No GetRebate account; a Google Form that now asks you to sign in with a Google account before it opens (in September its required fields were “Registered Email”, “Exchange”, “Account UID” and “TRC-20 Wallet Address”); a new exchange account via its link. API keys: not mentioned on their site
HighFxRebates (HFR) (highfxrebates.com)12 crypto in its menu: Binance, Bitunix, BloFin, Bybit, BYDFi, Gate, Hyperliquid, KuCoin, LBank, MEXC, Polymarket, PrimeXBT (BingX is no longer linked, though its page still loads); plus forex brokers“up to 56% of the commissions paid” (BYDFi). Bybit: “23% of the commissions paid”Fees — “23% of the commission is returned to you”, where “commission” means the fee you pay: “a $10 commission on a trade returns $1 as cashback” (Binance page)Per exchange. Bybit: “paid weekly and directly to the user's Bybit account. The minimum internal transfer amount is 1 USD.” Others daily into the exchange account, or weekly/monthly to an HFR balance withdrawn via “Skrill, PayPal, USDT, and Bitcoin”HFR account (“you only need an email address”) + exchange UID in the dashboard; wallet address for Polymarket and Hyperliquid; payout details for HFR-balance withdrawals. API keys: not mentioned on their site
loweef (loweef.io/en)4 with pages: AlphaX, BingX, OKX, MEXC. Toobit, given a rate on an answers page in September, now appears only in its partner programme, with no rate or exchange page“Get up to 65% of your trading fees back … New users start at 70% for the first 2 weeks.”; AlphaX “65%”, paid entirely by the exchange. Bybit: not offered (not among its exchanges)Fees — two layers on the same fee, e.g. OKX “20% referral rebate — paid by OKX directly” + “30% payback — settled by loweef daily” = “50% of every fee comes back to you”. Terms s.2 define the loweef part as “a share of that commission” and s.6 call site rates “estimates”Exchange-paid layer credited by the exchange “on its own schedule”; loweef layer accrues daily to a balance and is sent “as an internal transfer to your registered UID — usually within 1-2 business days, and no later than 5 business days”; USDT; “Minimum withdrawal 1 USDT” (10 USDT in September)loweef account (“One click with Google — no deposit, no API keys.”) + exchange UID from an account created through its link; “Read-only API is an optional extra for the live rebate view and never includes trading or withdrawal permissions.” No wallet address: “will never ask you for one”
Rebatefee (rebatefee.com)21 on one page: Bitunix, Phemex, HTX, LBank, BYDFi, BloFin, Pionex, WhiteBIT, BingX, KuCoin, Binance, OKX, MEXC, Bybit, CoinEx, WEEX, Gate.io, Bitget, Deepcoin, XT.com, BitMart“up to 40% automatic refund rebates” (hero); page title “up to 50%”, offered only as “Negotiated High-Volume VIP rebate tiers (up to 50%)” on request; highest single card “40% VIP rebate” (WEEX) / “40% rebate” (BingX). Bybit: “10% rebate”No defining sentence on the page. The calculator computes rebate = gross fee × rate; the September FAQ line about “actual net fees paid” has been removedInto the exchange account in USDT. Cadence: “on a daily basis” (page JSON-LD) and “every single Monday” (rendered disclosure). Minimum: not stated on their siteAn exchange account opened through its link — “an existing account cannot receive cashback”; no Rebatefee account, no form, no UID submission on the page. API keys: no statement now (the September line saying they are “never requested” has been removed)
Rebatly (rebatly.io) — this site6: Bybit, OKX, Bitget, MEXC, OrangeX, Toobit“up to 65%” (OrangeX futures; spot up to 40%); “up to 60%” (MEXC; Toobit, flat at every volume and credited by Toobit itself); “up to 50%” (Bybit, Bitget); “up to 40%” (OKX). Top tier from $150M monthly volume; below $50M: 55% (OrangeX futures) / 40% (MEXC, Bybit, Bitget) / 30% (OKX, OrangeX spot)Fees — share of trading fees actually paid, calculated dailyNext day in USDT by internal transfer into your own exchange account, usually 04:00–12:00 UTC; minimum 1 USDT, smaller days carry over; on Toobit, Toobit credits the rebate itself and Rebatly pays nothingNothing beyond the referral code at sign-up. No account on Rebatly, no API keys, no password, no wallet address, no deposits; rebates checked in the Telegram bot t.me/rebatlybot
ReturnFee (returnfee.com) — formerly DoTrade; dotrade.trade now redirects here4: OKX, Bitget, MEXC, Binance. Payouts not live on any of them: OKX, Bitget and MEXC “Coming soon”, Binance “Not yet supported”“Up to 60% of your fees, back.” — OKX 60%, Bitget 50%, MEXC 50%, Binance 40% (standard tier, VIP 0, USDT perpetuals). Bybit: not offered (not among its exchanges)Fees, in two layers: the exchange “pays you a slice of it back itself. We pay the rest on top” (“exchange auto-rebate + ReturnFee top-up”). Its own share: “We don't publish our own commission or margin.”Planned: daily, “sent by internal transfer, inside the exchange, directly to the same account whose UID is linked to our referral code”, with “no separate ReturnFee wallet, no withdrawal step”. Today: none — “We are pre-launch. Zero members”Sign up through its link, “then link your UID in your dashboard. We check it against the exchange's referral data”; existing users “may need a new account or sub-account”. API keys: not mentioned on the pages we read
TariTali (taritali.com)2 crypto: BingX (open) and Bitget (“2026年8月3日より、日本居住者による新規アカウント登録の受付は停止” — Japan-resident registration stopped from 3 Aug 2026). Its Bybit pages now return “403 Forbidden”. Plus FX brokers“スプレッドの36%” [36% of ‘spread’] (BingX, all accounts; Bitget futures). Bybit: no longer offered (in September: “32%(テイカーのみ)” [32%, taker only], with new applications stopped)Not defined on their site — rates are labelled ‘% of spread’. FAQ: receives a reward from the broker according to trading volume and cashes back “その大半” [most of it]Platform balance; “出金リクエスト” [withdrawal request] any time; “キャッシュバックは全て日本円でお支払い” [all cashback paid in yen] to a payout method you register — not into the exchange accountTariTali account + exchange UID entered as “取引口座番号” [trading account number] + payout details. API keys: not mentioned on their site
TetherBack (tetherback.com)8: Bitunix, Blofin, Bybit (added since September), MEXC, Bitget, BingX, WEEX, Aivora. /exchange/okx still returns 404“70.00%” (Aivora); homepage “Up to 70% Cashback Rate · 8 Top Exchanges”. Bybit: “Bybit Cashback Rate 40.00%”Both — “A percentage of your trading fees is returned as USDT cashback” (/exchanges) and “a share of referral-based commission revenue” (/about-us)Daily. Most exchanges in two parts — e.g. Bitunix “30% is automatically credited to your Bitunix Spot balance”, “The remaining 30% can be claimed through your TetherBack dashboard”; on Bybit all of it is claimed: “You will need to claim all cashback from TetherBack dashboard.” Minimum: “$1” (FAQ 05) and “no minimum withdrawal requirements” (FAQ 14)TetherBack account (email, password) + exchange UID; verification “may” require “government-issued identification and a selfie”; “You do not need to provide any API key.”
TetherForYou (tetherforyou.com)15: Binance, Bybit, OKX, Bitget, BingX, Gate.io, HTX, BitMart, DeepCoin, Coinone, KuCoin, MEXC, OrangeX, Tapbit, Toobit“최대 페이백 85%” [max payback 85%] (OrangeX); site-wide “최대 97% 페이백 제공” [up to 97% payback]. Bybit: “최대 페이백 45%” — boost “Fee 45% + 20% (payback + discount)”, basic “Fee 40% + 20% (payback + discount)”; the English strings read “Cashback 40% + 20% discount” and “Boost: Cashback 50% + 20% discount”Marketing: “Fee 45% + 20% (payback + discount)” (Bybit page) / “수수료 54% 페이백” [54% of fees] (OKX page). Terms §5: a portion of “TETHERFORYOU 서비스가 취한 이득” [the gain the service took], on USDT-pair futures onlyPlatform balance after exchange settlement; withdrawal in USDT to a wallet address, “최소 출금 금액은 30 USDT” [minimum 30 USDT], “현재는 전체 출금만 지원됩니다” [full withdrawal only]. OKX: 30% hourly into the exchange walletTetherForYou account + exchange UID + wallet address and network. FAQ: “사용자 계정을 통한 직접적인 접근 권한을 가지지 않으며” [no direct access through the user's account]
TetherMaker (tethermaker.com)13 on the homepage: Bitget, BingX, MEXC, OKX, Flipster, LBank, DigiFinex, Ecobit, Gate, Deepcoin, Zoomex, OrangeX, Ourbit. Binance and Bybit pages exist but are not listed“72%” (DigiFinex); BingX page headline “100%” against its own split “거래소 자동 45%+테더메이커 15%” [exchange automatic 45% + TetherMaker 15%]; sign-up page “70% 최대 환급률” [70% max refund rate]. OKX “50%” (“거래소 자동 20%+테더메이커 30%”). Bybit: “30%” (unlisted page)Fees — About page: “회사 수익이 아닌 수수료의 %를 드립니다” [a % of fees, not of company revenue]; FAQ: shares the “추천인 수익” [referral revenue] the exchange paysAccrues per exchange cycle (“OKX는 2시간마다”, others mostly 24h) to a platform balance; “1 USDT부터 언제든 내 거래소 UID로 바로 출금” [from 1 USDT, any time, straight to your exchange UID]; auto-withdraw on OKX, BingX, MEXC, Gate.io; USDTAccount (email + emailed code + password) + exchange UID from an account opened through its link — existing accounts: “아니요” [no]. No API-key or wallet-address field on the pages read
TetherMate (tethermate.kr)7 open: Binance, Bybit, Bitget, BingX, MEXC, Gate, DeepCoin. An OKX page exists whose sign-up button reads “마감” [closed] with “현재 정원율 100%” [current capacity 100%]“65% 페이백” (DeepCoin); “60% 페이백 + 20% 할인” (BingX). Bybit: “30% 페이백 + 20% 할인” [30% payback + 20% discount] — the service page's two fee tables still show “+20%” and “+30%” for BybitFees — “거래 수수료 30% 바이비트 수수료 환급” [30% of trading fees refunded] (Bybit page); VIP page adds “1~5% 추가 페이백” [1–5% extra payback] by monthly volumeBalance shown in KRW, “실제 지급은 테더(USDT)” [actually paid in USDT]; withdrawal on request — “3~5분” [3–5 minutes] on exchange pages, “최소 5분에서 최대 3시간” [5 minutes to 3 hours] in the FAQ; minimum 30,000–60,000원 by member type. Internal transfer or external wallet: not stated on their siteAccount: ID, password, email, name, “운용하는 시드” [trading capital], main exchange, exchange UID, how you found them, optional 추천인 [referrer]. API keys: not mentioned on their site
TetherMax (tethermax.io)11 exchange pages in its sitemap: Bitget, WOO X Pro, Bybit, Toobit, OKX, Gate, Flipster, DeepCoin, LBank, Bitunix, HTX; a Binance page also exists; homepage “19+”. Since its redesign it also lists forex brokers“90% Cashback” (WOO X Pro); homepage “up to 80% of your trading fees”, with “Total Savings” tiles up to “93%”. Bybit: page headline “55%” and “64% Total Savings” (“Exchange discount 20% + TetherMax Cashback 55%”); the same page's terms: “Cashback for 30%”, with 55% as a three-week new-user boost“The cashback is calculated based on the net fees.” Terms 6.1: “a portion of the profit earned by us”, on USDT-pair futures onlyAccrues daily (“at 11:00 UTC”; Bitget “at 12:00 UTC”) to a TetherMax balance; withdraw at “10 USDT or more” per UID into the exchange account, “approximately 5 minutes to 1 hour after your withdrawal request”; USDTTetherMax account to link UIDs; exchange KYC required to withdraw on Bybit, OKX and Bitget; no user API key requested
Trade Reclaim (trade-reclaim.com/en)9: MEXC, Bybit, Phemex, OKX, WEEX, Bitget, LeveX, Bitunix, BloFin. Binance: “Our partnership with Binance ended on 15 September 2026”; BitMart: “closing down”. The help centre still lists BitMart and says “10 exchanges”Phemex “80%” on its exchange page, exchange table and events page (“80 % of every fee back” under “Lifetime cashback”), but “Phemex 30%” on the homepage strip and in the help-centre table; WEEX “50%” (help centre: “35% (futures only)”). Bybit: “Up to 30% Cashback on Bybit Trading Fees”Mixed — help centre: “the share of your trading fees that comes back to you as cashback”; FAQ: “We return 30 to 50 percent of that commission to you as USDT cashback”Platform balance: “The minimum payout for cashback is 20 USDT, paid to your Trade Reclaim wallet within 48 hours of request.”; “Withdraw it in USDT to any wallet you control”; networks offered in its app: ERC-20, TRC-20, Bitcoin and BEP-20 — not the exchange accountTrade Reclaim account (email) + exchange UID + a payout wallet address; “We do not ask for ID documents, API keys or wallet access.”; a new exchange account through its link (“an existing account cannot be used”), with KYC-reset and MEXC referrer-window routes described in its help centre

“50% of what?” — the rate-basis trap

Every advertised percentage has a base, and there are two kinds: your fees, or something smaller, such as a share of the service's own earnings. A site that returns “50%” of a base worth 30% of your fees is returning 15% of your fees. The two numbers are not interchangeable, and only a percentage of your fees can be set against a fee schedule. Watch the vocabulary too: HighFxRebates uses “commission” to mean the fee you pay (“a $10 commission on a trade returns $1 as cashback”), while other sites use the same word for their own earnings.

Bybit gives the yardstick, within limits. Its Affiliate Program FAQ states: “For VIP accounts under an Affiliate, the maximum total rebate on trading fees is capped at 50%.” That cap covers the whole rebate on the account, so on a VIP account it is also the ceiling on what any rebate service can return to you. For non-VIP accounts the same FAQ says “there is no such cap on the overall rebate amount”, so the test is firmest from VIP 1 upwards. Read plainly: on a VIP account, a Bybit figure above 50% of fees is either a share of something other than your fees — the service's own earnings, a “spread”, an “agency rebate allocation”, a fee discount added to a rebate and expressed as one number, or a time-limited extra paid as an event — or it is not something the exchange permits. That is a reading rule, not an accusation; it tells you which question to ask, not what the answer will be. On a VIP 0 account the cap does not bind, so the sentence that defines the base is the only test. The same FAQ now also sets which fees count: trading fees minus market-maker rebates and minus bonuses or coupons. It adds that fees from users who receive “any rebate, discount, incentive, or other benefit under another program, arrangement, or initiative offered by Bybit” may not count at all. Both rules apply to every Bybit rebate on this page, Rebatly's included: fees paid with exchange bonuses or coupons, and accounts enrolled in another Bybit programme, may earn no rebate.

Applied to the Bybit figures on the fourteen sites: Backcom.io “Weekly rebate 50% every Monday”; GetRebate “40% (Spot & Futures)”; HighFxRebates “23% of the commissions paid”; loweef — Bybit is not among its exchanges; Rebatefee “10% rebate”; Rebatly “up to 50%” (40% below $50M monthly volume); ReturnFee — Bybit is not among its exchanges; TariTali — its Bybit pages now return “403 Forbidden”; TetherBack “Bybit Cashback Rate 40.00%”, new since September; TetherForYou “Fee 45% + 20% (payback + discount)” for its boost tier and “Fee 40% + 20%” for the basic tier, with the English strings reading “Boost: Cashback 50% + 20% discount”; TetherMaker “30%” on a page its exchange list does not show; TetherMate “30% 페이백 + 20% 할인” [30% payback + 20% discount]; TetherMax a page headline of “55%” and “64% Total Savings”, built as “Exchange discount 20% + TetherMax Cashback 55%”, while the terms on the same page give “Cashback for 30%” and a new-user “boost effect (55% cashback) for 3 weeks”, adding that “The additional rate will be paid as an event reward.”; Trade Reclaim “Up to 30% Cashback on Bybit Trading Fees”. No site states a standing Bybit rebate above 50% of fees. The only Bybit figure above 50 is TetherMax's “64% Total Savings”, which folds a fee discount into the number — exactly the “share of something else” reading above — and even its 55% headline is the time-limited boost, not the rate in its own terms.

Two further traps. First, several sites present a discount and a rebate as one headline (“30% + 20%”, “Exchange discount 20% + TetherMax Cashback 55%”). A fee discount lowers what you pay; a rebate returns part of what you paid; adding the two percentages overstates both, because the rebate applies to the already-discounted fee. TetherMax's own calculator does the compounding correctly — Bybit taker 0.0550% becomes 0.0440% after the discount and 0.0198% after a 55% cashback, which is where “64%” comes from — but the result is a total saving, not a rebate rate. Second, when a site defines the base as its own revenue — TetherMax's Terms 6.1 (“a portion of the profit earned by us”), TetherForYou's Terms §5 (“TETHERFORYOU 서비스가 취한 이득에 대한 일정 부분” [a portion of the gain the TetherForYou service took]), Backcom.io's homepage (“Backcom.io returns most of that to you”), Trade Reclaim's FAQ (“30 to 50 percent of that commission”) — the fee-equivalent number cannot be computed from the site alone, because none of these sites says what that base is worth as a share of your fees (ReturnFee says outright: “We don't publish our own commission or margin.”). The figures above 50% elsewhere in the table (Gate.io and KuCoin 60% on Backcom.io, ReturnFee's OKX 60%, AlphaX 65% on loweef, Aivora 70% on TetherBack, DigiFinex 72% and BingX “100%” on TetherMaker, Phemex 80% on Trade Reclaim, OrangeX 85% on TetherForYou, WOO X Pro 90% on TetherMax) concern other exchanges with their own affiliate terms, which we did not check. For what Bybit's own fee tiers look like before any rebate, see Bybit VIP vs Pro fees.

What each service asks for

Three things to read on any sign-up page. Identifier: a UID is the public account number the exchange shows you; giving it to a service lets it check whether the account sits under its referral code, and nothing more. API keys: a read-only key exposes balances and history; a key with trade permission lets the holder place orders; a key with withdrawal permission lets the holder move funds. None of the fourteen sites asks for one on the pages we read (loweef offers an optional read-only key for its live view; none requires one), but if a service ever does, the permission list is the whole question — a rebate is computed from fee data the exchange already reports to its affiliate, so nothing beyond read-only has a reason to be there. Payout destination: an internal transfer into your exchange account needs no address and no chain fee; a platform balance means the service holds your rebate until you ask for it; an external wallet or bank payout needs an address or account and usually a network fee. The last column quotes how each site describes its own affiliate status; a service that works under an exchange's affiliate programme should say so.

ServiceIdentifier asked for (their wording)API keysPayout destinationAffiliate disclosure (their wording)
Backcom.io“Link your account UID in the Backcom App so every trade is tracked.” / “Send your OKX UID to Backcom support so we can confirm the account is linked correctly.”“We will never ask for your password, 2FA code, private key, seed phrase or any API key with trading/withdrawal permissions on your exchange account.” (privacy policy)Exchange part: “lands in your OKX Funding account”. Backcom part: “paid every Monday into your Backcom App wallet”. Spec tables: “Payout method: Exchange account”. Route out of the wallet: not stated on their site“Backcom.io is an independent introducing partner (IB/affiliate) of the listed exchanges.” (risk disclaimer)
GetRebateForm fields “Account UID” and “TRC-20 Wallet Address”, both required in September, with “Registered Email” and “Exchange”; the form now needs a Google sign-in, so the current fields were not re-readNot mentioned on their site“USDT is sent directly to the wallet address you registered with.” — an external TRC-20 wallet, not the exchange accountExchange pages headed “VERIFIED PARTNER”; each page's FAQ “Is this affiliated with [exchange] officially?” still answers “Answer coming soon.”
HighFxRebates (HFR)“Submit your Bybit UID in the HFR dashboard under ‘Crypto Accounts’”; Hyperliquid: “Enter the public address of the main wallet used to trade on Hyperliquid.”Not mentioned on their siteBybit: “paid weekly and directly to the user's Bybit account”. HFR-balance exchanges: “Skrill, PayPal, USDT, and Bitcoin as payment options for withdrawing your paid rebates”“Affiliate Code: highfxrebate / Affiliate ID: 79069” (Bybit page). A dedicated disclosure page: not stated on their site
loweef“Sign up through the loweef link and paste your UID.”; “We link a UID only if the exchange account behind it was created through the loweef referral link.”“No API keys required”; optional and read-only: “Read-only API is an optional extra for the live rebate view and never includes trading or withdrawal permissions.”“Payouts are made in USDT to the exchange UID you registered, by internal transfer on that same exchange. We do not send funds to external wallet addresses and will never ask you for one.”“loweef is an independent affiliate service — not endorsed by or affiliated with any exchange beyond a standard affiliate agreement.” (footer)
Rebatefee“your UID must be created directly through Rebatefee's official signup link. Therefore, an existing account cannot receive cashback.”No statement now — the September line “Your private API keys, emails, passwords, and identity documents (KYC) are never requested, stored, or accessed.” has been removed; the hero says “No wallet connection required”JSON-LD: “Rebates are paid in USDT directly to your exchange wallet/account on a daily basis.”; rendered disclosure: paid “every single Monday”“When you open an account using the verified vip links above, our team receives an agency rebate allocation.”
RebatlyNone — only the referral code at sign-upNoneInternal transfer in USDT into your own exchange account“Rebatly is an independent affiliate” — on every page
ReturnFee“link your UID in your dashboard. We check it against the exchange's referral data”Not mentioned on the pages we readPlanned: “sent by internal transfer, inside the exchange, directly to the same account whose UID is linked to our referral code” — no payout route is live yet“ReturnFee is a separate company from every exchange listed on this site”
TariTaliExchange UID entered in the “取引口座番号” [trading account number] field (Bitget page; the Bybit page that carried the same instruction is gone)Not mentioned on their siteYen to a payout method you register — not the exchange account“TariTaliは、各ユーザーの取引量に応じてFX業者から報酬を受け取っております。” [receives a reward from the FX firm according to each user's trading volume]; its affiliate page now says “自己アフィリエイトは禁止させていただいております” [self-affiliation is prohibited]
TetherBack“TetherBack works through UID linking, not API integration.”“No. You do not need to provide any API key.”“All cashback is paid directly to your exchange account each day.” — except Bybit, where “You will need to claim all cashback from TetherBack dashboard.”“Bybit and TetherBack have an official affiliate partnership.” (the same sentence, with the exchange's name, on each exchange page)
TetherForYou“거래소 UID를 입력하세요” [enter the exchange UID]; “UID는 거래소로부터 페이백 지급 대상 여부를 확인하는 용도로만 사용됩니다” [the UID is used only to confirm payback eligibility with the exchange]Not requested; not stated on their siteWallet address and network, in USDT (“환급 받을 지갑 주소를 입력해주세요” [enter the wallet address to receive the refund]); OKX 30% “지갑으로 자동으로 페이백” into the exchange wallet“1세대 정식 페이백 라이센스” [first-generation official payback licence]; “테더포유는 거래소로부터 받은 리베이트를 사용자에게 돌려드리고 있습니다” [returns the rebates received from exchanges to users]. A licence document: not stated on their site
TetherMaker“거래소 UID 복사 후 붙여넣기” [copy and paste the exchange UID]Not mentioned on their site“내 거래소 UID로 바로 출금” [withdraw straight to my exchange UID]“거래소가 테더메이커에 지급하는 추천인 수익을 회원과 나누는 구조” [a structure that shares the referral revenue the exchange pays TetherMaker with members]; footer “테더메이커는 공식 파트너십 파트너입니다.” [TetherMaker is an official partnership partner]
TetherMate“테더메이트를 통해 가입하신 거래소 UID필수입력” [exchange UID registered via TetherMate, required]; also “운용하는 시드가 얼마나 되시나요?” [how much capital do you trade?]Not mentioned on their siteUSDT; live withdrawal board with the columns “날짜 / 거래소명 / UID / USDT / 출금 상태” [date / exchange / UID / USDT / status]. Internal transfer or external wallet: not stated on their site“거래소에서 발생한 추천 수수료를 고객님께 다시 돌려드리기 때문입니다” [because we return the referral commission generated at the exchange]; “최소한의 운영비를 제외한 나머지는 회원 혜택으로 돌려드립니다” [everything except minimal operating costs goes back to members]
TetherMax“select Link Exchange UID, choose the exchange you want to link, and enter your UID”No key requested from the user. “TetherMax uses read-only API access only” describes its own exchange connection; Terms 6.7: “are not authorized to access the User's exchange account”“deposited into your exchange account approximately 5 minutes to 1 hour after your withdrawal request”; receiving wallet named per exchange (Spot on Bybit and Bitget, Funding on OKX and Binance)“Binance and TetherMax have concluded the affiliate agreement in written form.” (the Bitget page carries the same sentence with Bitget's name)
Trade Reclaim“Give us a valid email and link your Partner Exchange UID. That is all we ask for.” (terms)“You never give us account access. No API keys, no passwords, nothing that can touch your account.”“Withdraw it in USDT to any wallet you control”; minimum 20 USDT, paid “within 48 hours of request”“Exchanges pay us an affiliate commission on your trading fees. Instead of keeping it, we pay most of it back to you.”; “Trade Reclaim is an affiliate platform, not a regulated financial-services provider.”

Service-by-service notes

One paragraph per service, in the same order as the table. Quotations are from the pages linked; “not stated on their site” lists what we looked for and could not find. Where something changed since the September reading, the paragraph says so.

Backcom.io (backcom.io/en). Now “The Leading Crypto & Forex Rebate Platform.” — the words “in Vietnam” have gone from the tagline since September — with an About-page timeline reading “Q3 2024 Founded”. Nine crypto exchanges, Bitunix being the addition, on a two-stream model: “the automatic portion is credited directly (hourly/daily), the rest is reconciled and paid weekly by Backcom.io.” On OKX the exchange's 20% arrives “Roughly 1–2 hours after you close an order”, while “The 30% Backcom.io portion is reconciled against OKX affiliate data and paid every Monday into your Backcom App wallet, where you can withdraw it at any time.” Its pages still disagree with each other in places: the homepage says both “Backcom.io returns most of that to you” and “The entire commission from the broker is refunded 100% to your account — Backcom.io keeps nothing”; the Bybit page answers “When do I receive the rebate?” with “Rebates are paid Daily & Direct.” while its spec table lists “Weekly rebate 50% every Monday”. Not stated on their site: the payout currency for crypto rebates (worked examples use USDT); a minimum withdrawal from the Backcom wallet; the withdrawal method, fees and processing time from that wallet; how the spec tables' payout method “Exchange account” squares with “paid every Monday into your Backcom App wallet”; VIP volume-bonus thresholds and percentages; Backcom's own commission rate from each exchange; a legal entity name, registration number or office address; partner-program commission rates (“The Backcom.io Partner Program is being finalized.”); what a Backcom App account requires; a terms-of-service page (we found a risk disclaimer and a privacy policy); a restricted-countries list.

GetRebate (getrebate.io). English-only, footer “© 2026 GetRebate Singapore”; one flat rate on every exchange tile, “40% (Spot & Futures)”, with the base given as fees: “You receive 40% of trading fees as cashback”. Its articles describe the model in general terms — an affiliate commission of “up to 50 percent of fees paid” and “40 percent pass-through, leaving 10 percent operating margin” — without stating GetRebate's own rate from any exchange, and one Binance worked example takes 40% of that commission instead (“user receives 0.015 percent back”); another article states “No unlock tiers, no volume gates, no VIP levels”. Payout is monthly to an external wallet: “Payouts are processed monthly on the 8th of each month”, in “USDT (TRC-20)”, minimum “$10 USDT”. There is no GetRebate account; sign-up is a Google Form, which since September asks visitors to sign in with a Google account before it shows any field (we did not sign in; in September its required fields were “Registered Email”, “Exchange”, “Account UID” and “TRC-20 Wallet Address”). On existing accounts the site still says two things: an article states “Existing accounts cannot be retroactively linked”, while each exchange page shows a tutorial tile reading “Link existing UID to GetRebate” and the homepage offers “Delete & Re-register” and “Transfer Account — On select exchanges, your account can be transferred under our referral. Must be confirmed with our team.” The gap between its homepage and its exchange list has widened: homepage tiles now carry referral codes for Gate.io and Bitunix, which /exchanges/ still marks “COMING SOON” alongside BingX and Crypto.com. Every exchange-page FAQ, including “Is this affiliated with [exchange] officially?”, still reads “Answer coming soon.” The trader counts shown in September (“107K+ traders” in the meta description, “66,987+” on the page) no longer appear anywhere we looked. Not stated on their site: terms of service, privacy policy and risk disclosure; a legal entity name; official per-exchange answers on affiliation, VIP status, eligible activities or first-payout timing; whether 40% applies equally to margin and copy trading on each exchange; any network fee deducted from TRC-20 payouts; processing time after the 8th; a user referral program; sub-account handling; rates for the “COMING SOON” exchanges, DEXs and forex brokers; which exchanges permit “Transfer Account”; languages beyond English; restricted regions; a launch date; how form data is retained.

HighFxRebates (HFR) (highfxrebates.com). Primarily a forex rebate site — “Trusted Rebate Service Since 2008”, and per its help centre “In August 2024, piprebate.com underwent a rebranding process and changed to highfxrebates.com (HFR).” Crypto is a section of 12 linked exchanges with flat per-exchange rates; BingX has dropped out of the menu since September, though its page (“BingX Cashback – 25% Trading Fee Rebate”) still loads. On Bybit, “Bybit rebates are paid weekly and directly to the user's Bybit account. The minimum internal transfer amount is 1 USD.” For existing Gate accounts it describes a re-attribution route: “request to link your account under our Referral ID”. Some pages still carry editorial placeholders: the LBank page reads “The payout frequency must be confirmed by HFR before publishing. Do not mark this as Daily or Weekly until confirmed.” and the Binance page “TBD – HFR confirmation required.” Terms: “all payments are issued at our sole discretion”, governed by the laws of Seychelles. Not stated on their site: minimum withdrawal amounts for HFR-balance withdrawals (only Bybit's 1 USD internal transfer is published); withdrawal fees per method (only “Payment processors charge a withdrawal fee”); the payout currency for exchange-direct credits on most exchanges; LBank's and BloFin's payout frequency; what sets the rate within BYDFi's “up to 56%” and LBank's “up to 47%”; the Binance eligible-product list; any volume or VIP tiering; any user-level referral program; an explicit affiliate-disclosure page; site languages beyond English; an explicit custody statement; HFR-side regional restrictions; processing time for exchange-direct credits beyond “daily” or “weekly”; why BingX left the menu.

loweef (loweef.io/en). Singapore-law terms, no company name (“operated by the loweef team”). The headline now reads “Get up to 65% of your trading fees back — automatic daily USDT cashback, for life. New users start at 70% for the first 2 weeks.” The rate is layered: on OKX, “20% referral rebate — paid by OKX directly” plus “30% payback — settled by loweef daily” make “50% of every fee comes back to you”; BingX totals 60% and MEXC 55%, and AlphaX's 65% is now described as “Exchange pays all 65% directly”, with no loweef layer. Welcome rates apply “for your first 2 weeks” (BingX 70%, MEXC 65%, OKX 60%). Toobit, which an answers page gave “67% of every fee” in September, no longer has a rate anywhere on the site; it appears only in the partner programme's list of measured exchanges. The loweef-settled part accrues daily and is withdrawn by internal transfer: “Withdrawals are executed manually by our operators as an internal transfer to your registered UID — usually within 1-2 business days, and no later than 5 business days.”; the minimum has dropped to “Minimum withdrawal 1 USDT” from 10 USDT; “We do not send funds to external wallet addresses and will never ask you for one.” Linking needs the public UID from an account opened through its link (“We link a UID only if the exchange account behind it was created through the loweef referral link.”); sign-up is “One click with Google — no deposit, no API keys.”, and a read-only API is “an optional extra for the live rebate view”. The homepage now carries a public counter: “$92 paid to traders”, marked “ledger-verified”. Terms s.6 say site rates “are estimates” and that “loweef pays payback only within the commission it has actually received from the exchange.” A partner program pays “5% of their trading fees, settled weekly” (“One tier only — no sub-partner recruiting”). Some pages still carry unfinished text (“an extra 0 percentage points of welcome boost in the first 0 weeks”). Not stated on their site: a legal entity, registration number or address; a founding or launch date; volume tiering; whether the loweef-settled layer covers spot as well as futures fees; a maximum withdrawal or withdrawal fee; which exchange wallet the internal transfer lands in; the exchange-paid layer's schedule beyond “on its own schedule”; restricted countries beyond “does not target or solicit users in the following jurisdictions: the United States”.

Rebatefee (rebatefee.com). A single-page calculator listing 21 exchanges with referral links, signed “© 2026 RebateFee.Com Lab”, with contact via a personal Telegram account and a Gmail address. The hero offers “pre-negotiated up to 40% automatic refund rebates”; the page title says “up to 50%”, which the page offers only as “Negotiated High-Volume VIP rebate tiers (up to 50%)? Contact our direct support specialists”. Its disclosure paragraph still says the team “receives an agency rebate allocation” and returns cashback to your balance “every single Monday”, while the page's JSON-LD FAQ still says “Rebates are paid in USDT directly to your exchange wallet/account on a daily basis.” Three things changed since September: the statement that API keys, passwords and KYC documents are “never requested, stored, or accessed” has been removed, leaving no statement on API keys at all (the hero now says “No wallet connection required”); the FAQ line saying rebates are computed on “actual net fees paid” has gone; and existing accounts are now excluded in so many words — “your UID must be created directly through Rebatefee's official signup link. Therefore, an existing account cannot receive cashback.” Not stated on their site: any FAQ page, terms, privacy, how-it-works, about or per-exchange page; a minimum payout; the operating company, legal entity, jurisdiction or address; a founded date; any sentence of the form “X% of your trading fees”; whether the percentage is of your fee or of Rebatefee's commission (the “agency rebate allocation” wording is not resolved); per-exchange VIP thresholds; how a user verifies or disputes rebates (there is no dashboard, login or UID form — “we can share screenshots or guidance”); a referral program; languages other than English; region restrictions; an explicit custody statement; a reconciliation of the daily versus Monday wording; a source or date for its “14,800 active traders” and “15,000+ traders audited” figures.

Rebatly (rebatly.io) — this site. Launched in 2026; six exchanges — Bybit, OKX, Bitget, MEXC (since 21 October 2026), OrangeX and Toobit. The rebate is a share of the fees actually paid, calculated daily and sent the next day in USDT by internal transfer into your own exchange account, usually between 04:00 and 12:00 UTC; minimum 1 USDT, smaller days carry over. On Toobit the rebate (up to 60%, flat) is credited by Toobit itself, not paid by Rebatly. Rebatly asks for nothing beyond the referral code at sign-up — no account, no API keys, no passwords, no deposits, no custody. Rates tier by monthly volume, and the “up to” figures are the top tier from $150M (Toobit's 60% is flat). Rebates are checked in the Telegram bot t.me/rebatlybot; support at t.me/rebatly and hello@rebatly.io. What Rebatly does not offer is listed in the next block, in the same terms used for everyone else.

ReturnFee (returnfee.com) — formerly DoTrade. In September this row was DoTrade, a referral portal at dotrade.trade offering a flat 20% paid by the exchange itself, with no account and nothing submitted. That domain now redirects to returnfee.com, a site that calls itself ReturnFee (footer “Entity: ReturnFee”) and does not mention DoTrade; we treat it as the successor because the old address leads there, not because the site says so. The offer is different: “Up to 60% of your fees, back.”, with OKX 60%, Bitget 50%, MEXC 50% and Binance 40% (standard tier, VIP 0, USDT perpetuals), built as “exchange auto-rebate + ReturnFee top-up” — the exchange “pays you a slice of it back itself. We pay the rest on top”. It is candid that none of it is running yet: “We are pre-launch. Zero members, no fake counts”; its payout-policy table lists Bitget, OKX and MEXC as “Coming soon” and Binance as “Not yet supported”, because “Binance can't be paid by account ID yet, so it has no payout route right now.” When live, payouts are to be daily and “sent by internal transfer, inside the exchange, directly to the same account whose UID is linked to our referral code. There's no separate ReturnFee wallet, no withdrawal step, and no manual claim form”. Unlike DoTrade it asks you to sign up and “then link your UID in your dashboard. We check it against the exchange's referral data”; existing users “may need a new account or sub-account”, and its eligibility checks look at the referral code on the account, any earlier referral elsewhere and the join date. It states “ReturnFee charges you nothing”, with “no subscription, spread, or withdrawal charge”, and “We don't publish our own commission or margin.” A promoter programme exists, but “your rate is set when you're approved, not a published number yet”. Not stated on their site: a legal company name beyond “ReturnFee”, a registration number, jurisdiction or address; a date for payouts going live on any exchange; a minimum payout; whether spot fees count; a restricted-countries list (the site says availability varies by country); the split between the exchange's part and ReturnFee's top-up on each exchange; a founding date; its guides (“Full write-ups are coming.”).

TariTali (taritali.com). A Japanese-language cashback service whose company page gives “設立年月日 Oct 1 , 2012”; crypto is a minority section beside FX brokers. All cashback is paid in yen — “キャッシュバックは全て日本円でお支払い致します。” — from a balance the site says is held “Citibank Singaporeにて分別管理” [in segregated custody at Citibank Singapore], to a payout method you register rather than into the exchange account; the site also says “弊社では立替払制度を導入しております。” [we operate an advance-payment system] enabling withdrawal “お取引翌日中” [within the day after the trade]. Bybit is gone: in September its Bybit page said new applications were stopped by Bybit's policy; now both Bybit pages return “403 Forbidden” in an ordinary browser, and no Bybit rate or sign-up appeared on any of the 87 pages we crawled. That leaves BingX, whose co-branded September promo has ended, and Bitget, which Japan residents cannot register from 3 August 2026. The affiliate program pays “キャッシュバックの10%” [10% of the cashback], and its page now says self-affiliation is prohibited (“自己アフィリエイトは禁止させていただいております”); the terms' description of the service as a “自己アフィリエイトサービス” [self-affiliate service], quoted in September, no longer appears. Not stated on their site: the rate basis for crypto (no sentence defines “スプレッドの36%”); volume or VIP tiering; whether exchange VIP or BGB discounts reduce the cashback; a maximum payout; whether Bybit will return; a domain registration date; an API-key requirement; processing time for crypto payouts; TariTali's own restricted-country list; an English version.

TetherBack (tetherback.com). Eight exchanges, Bybit being new since September; the homepage now reads “Up to 70% Cashback Rate · 8 Top Exchanges”. On most exchanges the payout is split — “30% is automatically credited to your Bitunix Spot balance … The remaining 30% can be claimed through your TetherBack dashboard” — but the new Bybit page works differently: “Bybit Cashback Rate 40.00%”, “Bybit cashback is credited daily to your balance at 23:59 UTC”, and “On Bybit, you receive a total of 40% rebate. You will need to claim all cashback from TetherBack dashboard.”, with the line “Bybit and TetherBack have an official affiliate partnership.” The homepage line “Just UID, NO API” stands. Terms are dated “Effective Date: February 3, 2026” and name a company incorporated in the Republic of Panama. The site still gives its basis two ways (“A percentage of your trading fees is returned as USDT cashback” and “a share of exchange referral commission revenue”) and its FAQ two minimums (“The minimum withdrawal amount on TetherBack is $1” and “no minimum withdrawal requirements for cashback claims”). The Aivora and Blofin pages both say the automatic portion goes to “your Bitunix SPOT balance”. Terms 6.8: “We generally aim to process Withdrawal Requests within ten (10) business days”. Not stated on their site: an OKX rate (the page returns 404); a founded date or copyright year; volume- or VIP-based changes to the cashback rate; a single definitive rate basis; a numeric minimum in the Terms; timing for dashboard claims beyond “daily” availability and “ten (10) business days”; a restricted-countries list; whether identity verification is required in practice; second-tier referral rates or rules (a “Referral code (optional)” field exists); any external-wallet withdrawal; a company registration number; which exchange's account the Aivora and Blofin automatic portions are actually credited to.

TetherForYou (tetherforyou.com). Korean-first with an English mirror; the same 15 exchange pages as in September, each with a “페이백 부스트” [payback boost] and “기본 페이백” [basic payback] tier and a capacity gauge under the line “가입이 마감되면 페이백 계정 생성이 불가능해요” [once sign-up closes, a payback account cannot be created]. The page title now reads “셀퍼럴 플랫폼 … 공식 페이백 라이센스” [self-referral platform … official payback licence], and the site still calls itself “1세대 정식 페이백 라이센스” [first-generation official payback licence]; the footer shows the label “고유 법인 번호(UEN)” with no number. On Bybit the Korean page gives “최대 페이백 45%”, with boost “Fee 45% + 20% (payback + discount)” and basic “Fee 40% + 20% (payback + discount)”, while the English strings give the boost as “Cashback 50% + 20% discount” — a 45-versus-50 mismatch still unresolved; the page also shows “평균 환급액 $109” [average refund $109], “11,378명이 Bybit에서 페이백 받고 있어요” [11,378 people receive payback on Bybit] and “마감률 93%” [93% closed]. OKX: “최대 페이백 54%”, with “OKX는 1시간마다 자동으로 30% 거래 수수료가 지갑으로 자동으로 페이백 되며” [OKX automatically pays 30% of trading fees back to the wallet every hour]. Terms §5 frame payback as a portion of “TETHERFORYOU 서비스가 취한 이득” on USDT-pair futures; footer notice: “페이백은 순 수수료 기준으로 책정됩니다.” [payback is set on net fees]. Withdrawal is to a wallet address, “최소 출금 금액은 30 USDT”, full balance only. Not stated on their site: a fixed payout schedule; what qualifies a user for the boost tier; the UEN number, a registered legal name or an address; withdrawal fee, supported networks and processing time; documentation of the “official payback licence”; whether spot fees are eligible; an API-key requirement (none is requested); an explicit custody statement; the exact second-tier referral percentage (“페이백 중 일부” [part of the payback]); which Bybit boost figure applies; the source of its per-exchange user counts.

TetherMaker (tethermaker.com). Korean-only, redesigned since September. The homepage strip lists 13 exchanges — OrangeX and Ourbit are new, and Binance is no longer in it — but pages for Binance (“수수료 페이백 40%”, paid weekly) and Bybit (“수수료 페이백 30%”) still load without being listed. Each exchange page now shows a payout time, a “환급 구조” [refund structure] line and the applied fee before and after payback; on Bybit, “0.02 / 0.055” becomes “0.014 / 0.0385”. The BingX page heads with “수수료 페이백 100%” while its own structure line reads “거래소 자동 45%+테더메이커 15%” [exchange automatic 45% + TetherMaker 15%] — 60%, which is also the BingX figure on the About page. New since September is a 25 USDT bonus for linking an exchange, credited when the UID is approved but withdrawable only “누적 페이백이 50 USDT에 도달하면” [once cumulative payback reaches 50 USDT], once per account. The marketing now leans on income-style averages: “1인 월 평균 49만원 환급받고 있어요” [members get back ₩490,000 a month on average], an OKX table of per-person monthly averages starting at “914만원” [₩9.14 million] for July, and an About-page worked example headed “3개월 내 원금보다 많은 수수료” [more fees than your principal within 3 months]; a disclaimer says the service is neither investment advice nor a guarantee of returns. The About page still draws the fees-versus-revenue line (“회사 수익이 아닌 수수료의 %를 드립니다”), and the FAQ still describes sharing the “추천인 수익” [referral revenue] the exchange pays. Existing exchange accounts are excluded — “아니요. 테더메이커를 통해 신규 가입한 거래소 계정만 페이백 대상입니다.” [No. Only exchange accounts newly opened through TetherMaker are eligible.] — although each exchange page carries an “이미 계정이 있어요” [I already have an account] button. Sign-up is email, emailed code and password; the 추천인 코드 [referrer code] field seen in September is gone. Not stated on their site: any use of API keys (linking is by UID only); external-wallet withdrawal; tiering by volume or VIP (every page shows one flat rate and “기본 수수료 할인 0%” [base fee discount 0%]); why Binance and Bybit are missing from the strip; how the BingX “100%” is reached; the period, sample and method behind the per-person averages; a founding date or domain age; a custody or deposit policy; spot-trading rates.

TetherMate (tethermate.kr). Korean-only, hosted on imweb; terms effective “2023.05.01”; the footer gives a Gmail address and the hosting provider, with no business registration number. Little changed since September. Rates are per exchange (Bitget “54% 페이백”, DeepCoin “65% 페이백”, Binance “20% 페이백 (12개월만 유지)” [kept for 12 months only]), Bybit “30% 페이백 + 20% 할인”, with a VIP page adding “1~5% 추가 페이백” by monthly volume — though the Korean tier table sets the first step at “월 20,000,000 USDT” [20 million USDT a month] where the English version of the same table says “$20k/month”. Withdrawal minimums are “첫 출금 회원: 60,000원 일반 회원: 50,000원 주거래 회원: 30,000원”; the balance is displayed in KRW and paid in USDT at a reference price that “실제 테더 시세보다 낮은 기준 가격이 적용될 수 있습니다” [may be lower than the actual USDT price]; processing is “일반적으로 3~5분” [usually 3–5 minutes] on the exchange pages and “최소 5분에서 최대 3시간” [from 5 minutes up to 3 hours] in the FAQ. The OKX page's sign-up button still reads “마감” [closed]; the Bybit page shows “현재 정원율 86%” [current capacity 86%]. Sign-up requires a new exchange account: “테더메이트를 통하지 않고 기존에 쓰시던 거래소 계정 UID 입력 시 회원 가입이 거절됩니다.” [entering the UID of an existing account not opened via TetherMate is refused] — yet the Bybit page's FAQ says “기존에 거래소 계정이 있으셔도 수수료 페이백 서비스 신청이 가능합니다” [you can apply even if you already have an exchange account]. New members are promised a “신규 회원 축하금 💸30,000원” [₩30,000 welcome credit], marked “축하금만 출금 불가” [the credit itself cannot be withdrawn]. Homepage figures such as “1인 평균 페이백” [average payback per person] show no source on the page. Not stated on their site: whether payout is an internal transfer or an external wallet withdrawal; the USDT network and any withdrawal fee; whether spot as well as futures is covered per exchange; any API-key requirement (none is mentioned); a company legal name, registration number, address, founder or founding date; a second-tier referral rate (a “추천인” field exists); the definitions of the three member types used for withdrawal minimums; how the “20% 할인” on Bybit and BingX is delivered; which of the two Bybit figures on the service page (“+20%” / “+30%”) is intended; which VIP thresholds — Korean or English — apply.

TetherMax (tethermax.io). Operated by JOO HOLDINGS LTD (British Virgin Islands, per the footer), with Singapore-law terms (“Effective [18 06, 2026]”) and iOS and Android apps. Redesigned since September: the homepage is now a long article (“Stop Funding Influencers and Start Keeping It Yourself”) claiming “official partnerships with 19+ top-ranked exchanges” and “up to 80% of your trading fees”, the site has added forex brokers, and exchange pages have moved to new addresses, each led by a “Total Savings” calculator that adds the exchange's fee discount to TetherMax's cashback. On Bybit that reads “Exchange discount 20% + TetherMax Cashback 55%” and “64% Total Savings”; the terms on the same page say “Cashback for 30% is credited to your TetherMax account daily at 11:00 UTC”, describe 55% as a “boost effect (55% cashback) for 3 weeks (or 4 weeks if invited by a TetherMax KOL)”, and add “The additional rate will be paid as an event reward.” OKX carries three figures across the site: a page headline of “65%”, “55%” on the homepage, and terms giving “20% of 45% of cashback amount is distributed by OKX's own cashback service, and the remaining 25% is given by TetherMax” as the standard split, with 55% as the boost; the OKX terms also say “For users who registered or completed a Rebind on or after June 22, 2026, 10:00 (UTC), the OKX rebate rate is 20%.” A notice on its Korean homepage explains the spread: “OKX 측의 요청에 따라” [at OKX's request], from the 7 October update the OKX rates became “부스트 페이백: 65% → 55%” [boost payback: 65% → 55%] and “상시 페이백: 54% → 45%” [standing payback: 54% → 45%] — so the 65% headline is a stale figure. Bitget: “Exchange discount 50% + TetherMax Cashback 54%” (“77% Total Savings”), and “45% cashback rate applies when trading through copy trading or API”. Binance: “TetherMax Cashback 20%”, and “For users with VIP2 or higher status, no commission will be generated.” Cashback accrues daily (Bitget at 12:00 UTC, the others at 11:00) and is withdrawn at “10 USDT or more” per UID into the exchange account, “approximately 5 minutes to 1 hour after your withdrawal request”. Exclusions include broker-API trades, fees paid in BNB or MNT and, per the Bybit page, Australian residents on Bybit from 1 July 2026. Not stated on their site: a founding or launch date; a single table of all rates; volume-based tiering; withdrawal or network fees; whether spot fees are eligible (Terms 6.1 say futures USDT pairs only, while the Bybit page's Korean text speaks of refunds on futures and spot); TetherMax's own commission rate from any exchange (“a portion of the profit earned by us” is never quantified); any API key or permission the user must supply (only a UID); which countries are unsupported beyond the Bybit note.

Trade Reclaim (trade-reclaim.com/en). Operated by “Trade Reclaim, Inc.” at a Dubai P.O. Box, with terms effective “2026-05-13” and fifteen language versions. Since September it has lost Binance — “Our partnership with Binance ended on 15 September 2026”, with cashback earned before then still withdrawable — and keeps a BitMart page explaining that BitMart is closing down, leaving nine exchanges: 30% on Bybit, OKX, Bitget, MEXC and BloFin, 35% on Bitunix and LeveX, 50% on WEEX, and Phemex. Phemex is where the site contradicts itself: the September event (“80% cashback during the event instead of the standard 30%”, 1 August–30 September) has ended and its wording is gone, but the 80% stayed — “Up to 80% Cashback on Phemex Trading Fees” on the exchange page, “80 % of every fee back” under “Lifetime cashback” on the events page — while the homepage strip and the help-centre table say 30%. The help centre also still lists BitMart at “50% (futures only)” and WEEX at “35% (futures only)”. The base is described both ways: the help centre calls each rate “the share of your trading fees that comes back to you as cashback”, the FAQ says “We return 30 to 50 percent of that commission to you as USDT cashback”. Cashback accrues to a dashboard balance — “The minimum payout for cashback is 20 USDT, paid to your Trade Reclaim wallet within 48 hours of request. There is no cap on monthly payouts.” — and is withdrawn “in USDT to any wallet you control”; the app's wallet form offers ERC-20, TRC-20, Bitcoin and BEP-20. It holds email and UID only: “We do not ask for ID documents, API keys or wallet access.”; “Trade Reclaim requires no KYC, only email and your public UID.” A new exchange account through its link is the default (“an existing account cannot be used”; “Existing accounts won't track cashback”), with routes it describes for existing users — “MEXC lets you open a second account. Bybit moves your existing KYC to a new account in 5 minutes. Other exchanges need a quick KYC reset first.”, a help-centre guide to MEXC's 30-day referrer window, and “Your existing BloFin account works too”. A referral program pays a “10% lifetime commission” plus a one-time $10 for each referred friend whose own cashback reaches $50, and gives the referee “100% of their trading fees back until the refunds reach $100” on “the first one traded on”; an affiliate program offers communities “up to 70% cashback in month one”. Not stated on their site: the share of commission Trade Reclaim keeps (“most”); any network fee on payout; a restricted-country list; a registration number or licence; a founding date; whether the 48-hour window is business or calendar days; whether the Phemex 80% is now permanent or a lingering event rate; whether the rate differs by maker and taker.

Where Rebatly is weaker

Held to the same standard, Rebatly's row has real gaps.

Age. Rebatly launched in 2026. On their own pages, several of the other sites show earlier dates — TariTali a founding date of 1 October 2012, HighFxRebates “since 2008” (rebranded August 2024), TetherMate terms effective 1 May 2023, Backcom.io “Q3 2024 Founded”. A track record is something Rebatly cannot claim yet; its peers on age are the newer entrants — TetherBack (terms effective 3 February 2026), Trade Reclaim (terms effective 13 May 2026) and ReturnFee, which has not started paying.

Coverage. Six exchanges: Bybit, OKX, Bitget, MEXC, OrangeX, Toobit. The others list between two and twenty-one. If you trade on Binance, BingX, Gate or KuCoin, Rebatly has nothing for you.

No second-tier program. Rebatly advertises no friend-referral or sub-affiliate reward. TariTali pays affiliates “キャッシュバックの10%” [10% of the cashback]; loweef's partner program pays “5% of their trading fees, settled weekly”; TetherForYou and TetherMax both describe member-to-member rewards; TetherMate and TetherBack carry referral-code fields at sign-up; ReturnFee runs a promoter programme with rates set on approval. Trade Reclaim's referral program pays the referrer a “10% lifetime commission” plus $10 for each friend whose own cashback reaches $50, and gives the referee “100% of their trading fees back until the refunds reach $100” on the first exchange traded.

No bonuses, boosts or stacked discounts. Rebatly's rate is the rate. TetherMate advertises a 30,000원 sign-up credit, TetherMaker a 25 USDT link bonus, TetherMax a three-week new-user boost. loweef advertises welcome rates “for your first 2 weeks” — BingX 70%, MEXC 65%, OKX 60% — above its standard totals of 60%, 55% and 50%. Trade Reclaim's events page lists exchange welcome bonuses beside its own rates. Several sites also pair a fee discount with the rebate (TetherMate “+20% 할인”, TetherMax “Exchange discount 20%” on Bybit and “50%” on Bitget, TetherForYou “Fee 40% + 20% (payback + discount)”). Rebatly does not.

The headline needs volume. “Up to 65%” on OrangeX futures, “up to 60%” on MEXC, “up to 50%” on Bybit and Bitget and “up to 40%” on OKX are top tiers reached from $150M in monthly volume; from $50M they are 60%, 50%, 45% and 35%; below $50M they are 55%, 40%, 40% and 30% (OrangeX spot: 30%, 35% and up to 40%). Toobit's “up to 60%” is the exception: it is flat at every volume and credited by Toobit itself. On paper, several sites list a single flat figure at or above Rebatly's base tier for the same exchange — Backcom.io “50%” weekly and TetherBack “40.00%” on Bybit, TetherForYou “45%” on Bybit for its boost tier, TetherMaker “50%” on OKX and on Bitget, TetherMax “54%” on Bitget, loweef 50% and ReturnFee 60% on OKX, loweef 55% and ReturnFee 50% on MEXC (ReturnFee's not yet payable) — subject to everything in the “50% of what?” block about what those numbers are a share of.

No dashboard, no app. Rebatly has no account to log into; rebates are checked in the Telegram bot t.me/rebatlybot. TetherMax has iOS and Android apps; TetherBack, HighFxRebates and Backcom.io describe dashboards or apps in which rebates are tracked and claimed (Backcom.io: “You can track every accrual in real time in the Backcom App.”); TetherMaker has a member area with a withdrawal menu.

Payout cadence. Rebatly pays once a day, the day after the fees are paid (on Toobit, Toobit credits the rebate itself). OKX's automatic portion arrives “Roughly 1–2 hours after you close an order” on Backcom.io and every two hours (“매 2시간”) on TetherMaker; TetherMate says withdrawals are “일반적으로 3~5분 내에 처리” [usually processed within 3–5 minutes]; TetherMax says “approximately 5 minutes to 1 hour after your withdrawal request”. If you want the money the same day, Rebatly is not the fastest route described on this page.

A narrow path for existing accounts. REBATLY works best entered when the exchange account is created. Afterwards there are two self-service routes. Bybit's: a main account with no affiliate or referral code can add an affiliate's code within 14 days of registering, and the code cannot be changed once added. MEXC's: a main account with no referrer can link one within 30 days of registering, on MEXC's Self-Service Referrer Linking page, and it cannot be changed afterwards. For OKX and Bitget, Rebatly's FAQ can only suggest asking the exchange's support to move the account, or opening a new one. On MEXC (code mexc-Rebatly) that 30-day self-service window is the route for an existing account; after it, MEXC's rules allow no change. On OrangeX (code rebatly) there is no route at all: OrangeX does not allow existing accounts to be re-linked, so only new accounts qualify. On Toobit (code Rebatly) the referral binds when the account is created; for an existing account, the route is to ask Toobit's support. Backcom.io describes one for OKX (“attach the invite code to an existing account”) and HighFxRebates one for Gate (“request to link your account under our Referral ID”). Trade Reclaim describes several: “MEXC lets you open a second account. Bybit moves your existing KYC to a new account in 5 minutes. Other exchanges need a quick KYC reset first.”, and “Your existing BloFin account works too”. GetRebate's exchange pages show a tile reading “Link existing UID to GetRebate” and its homepage offers “Transfer Account — On select exchanges, your account can be transferred under our referral. Must be confirmed with our team.”, though one of its articles says “Existing accounts cannot be retroactively linked”; ReturnFee suggests existing users “may need a new account or sub-account”.

Languages and scope. Rebatly publishes in eight languages; Trade Reclaim lists fifteen language versions and ReturnFee's language switcher thirteen. Rebatly covers no forex brokers, which HighFxRebates, TariTali, Backcom.io and, since its redesign, TetherMax do.

How to choose: a five-minute checklist

Run these on the service's own pages before you open anything.

1. Find the base. Copy the sentence that says what the percentage is a share of. “X% of trading fees” is comparable; “X% of commission”, “of spread” or “of our profit” is not, unless the site also says what that base is worth as a share of your fees. No sentence, no comparison — and if the site has two sentences that disagree, it has no answer.

2. Apply the Bybit test. Anything above 50% of fees on Bybit needs an explanation on the page — a discount folded in, an event reward, a different base. On a VIP account Bybit's own cap makes 50% a hard ceiling; below VIP 1 it is still the question to ask. If the page gives none, ask the service before you sign up.

3. Trace the money. Exchange account, platform balance or external wallet? Minimum amount? Cadence, in a sentence you can hold them to (“every Monday”, “at 11:00 UTC”, “next day”)? Check for two different answers on the same site — several of the fourteen give conflicting cadences, minimums or processing times.

4. List what you hand over. UID only, or an account with name, phone, capital size, ID documents? Bank or wallet details? A Google sign-in? If an API key is requested, which permissions, and why would a rebate need more than read-only?

5. Check the affiliate link itself. Look for the referral code or partner ID on the page (HighFxRebates prints “Affiliate ID: 79069”; Backcom.io “VIPBACKCOM”; Rebatly “REBATLY”, “mexc-Rebatly” on MEXC, “rebatly” on OrangeX or “Rebatly” on Toobit) and, after sign-up, confirm in the exchange's own account settings that the code was applied. Fees paid before the link is attached are not rebated anywhere.

6. Check that the page for your exchange exists, is open and can pay. Within one month, one site's Bybit pages started returning “403 Forbidden”, another ended its Binance partnership and another added Bybit. TetherMaker keeps Binance and Bybit pages its exchange list does not show; TetherMate marks its OKX sign-up “마감” [closed]; GetRebate's homepage shows referral codes for exchanges its own exchange list calls “COMING SOON”; ReturnFee publishes rates for four exchanges on which it cannot yet pay. A logo on the homepage is not an offer.

7. Read the exclusions. Fees paid in exchange tokens (BNB, MNT), broker-API trades, VIP levels above a threshold, spot versus futures, sub-accounts, country of residence (TetherMax's Bybit page excludes Australian residents from 1 July 2026) and, on Bybit, any account receiving a benefit under another Bybit programme, whose fees its Affiliate Program FAQ says may not count. Every exclusion is a fee you pay in full.

8. Find the legal entity and the terms. Which company, which law, and does a terms page exist? Several of the fourteen publish no legal company name, and some have no reachable terms page.

9. Note what is time-limited or capacity-gated. New-user boosts, “정원율” [capacity] gauges, closed tiers, a “12개월만 유지” [12 months only] clause, an event rate still displayed after its event — the rate you see may not be the rate you get.

10. Then do the arithmetic on your own fees. A rebate is a percentage of what you pay, so your fee tier, maker/taker mix and volume decide the money. The Bybit fee calculator does the sum; Reduce crypto trading fees covers the levers that come before any rebate.

Fees are the input you control

Whatever a rebate is worth, it is a fraction of one number: the fees you actually pay. Your fee tier, your maker/taker mix and your volume set that number, and they are yours to change before any service enters the picture. Bybit VIP vs Pro fees lays out what the tiers cost, and the Bybit fee calculator turns your own volume into a fee bill and shows what a share of it is worth.

Rebatly's own terms, in the words we would hold anyone else to: a registered affiliate of Bybit, OKX, Bitget, MEXC, OrangeX and Toobit; sign-up code REBATLY (mexc-Rebatly on MEXC, rebatly on OrangeX, Rebatly on Toobit), entered when the exchange account is created (afterwards Bybit lets an account with no code add it within 14 days of registering, and MEXC a main account with no referrer within 30 days); a rebate of up to 65% on OrangeX futures, up to 60% on MEXC, up to 50% on Bybit and Bitget and up to 40% on OKX, tiered by monthly trading volume (on Toobit, a flat up to 60% that Toobit credits itself, so the payout terms that follow do not apply there); calculated daily on fees actually paid and sent the next day in USDT by internal transfer into your own exchange account, usually between 04:00 and 12:00 UTC; minimum payout 1 USDT, smaller days carry over; we ask for nothing beyond the referral code — no API keys, no passwords, no deposits, no custody. Check any day's rebate in the Telegram bot t.me/rebatlybot; questions to t.me/rebatly or hello@rebatly.io. The codes themselves are covered in the referral code guide; more guides in the guides index.

Rebatly is an independent affiliate; not financial advice.

Get fees back on every trade

$10M+ rebates paid · Paid daily in USDT · No password or API keys, ever

Already signed up? Check your link and rebate with @rebatlybot on Telegram, or reach our support at @rebatly.

October 22, 2026 — Rebatly's own entry updated: Toobit added (up to 60%, credited by Toobit itself). October 22, 2026 — Rebatly's own entry updated: OrangeX added (up to 65%). October 21, 2026 — Bitget rebate raised to the same tiers as Bybit (up to 50%). October 21, 2026 — Rebatly's own entry updated: MEXC added (up to 60%). October 8, 2026 — second edition. All fourteen services re-read in a browser, every quotation carried over from the first edition checked again against the live pages, and Bybit's Affiliate Program FAQ re-read. Main changes: dotrade.trade now redirects to ReturnFee, a different and pre-launch offer, so the DoTrade row was replaced; TariTali's Bybit pages return 403 and Bybit was dropped from its row; Trade Reclaim's Binance partnership ended on 15 September and its Phemex 80% outlived the event; TetherBack added Bybit at 40%; Backcom.io added Bitunix; TetherMax and TetherMaker were redesigned, with new totals, bonuses and averages; loweef cut its minimum withdrawal to 1 USDT; Rebatefee removed its API-key statement; GetRebate's sign-up form now requires a Google sign-in and its trader counts are gone. Quotations that no longer appear were removed or replaced. Later on 8 October: the description of Bybit's 50% cap was narrowed to VIP accounts, as Bybit's FAQ states, and its sentence on non-VIP accounts is now quoted. No service contacted, no accounts opened, no rates tested. September 8, 2026 — published. All fourteen services' public pages read; Bybit's Affiliate Program FAQ used as the Bybit yardstick.


FAQ

Is a fee rebate the same as a referral bonus?

No. A referral bonus is a one-off amount tied to sign-up, deposit or volume conditions, often paid as a credit that cannot be withdrawn as such: TetherMate's 30,000원 sign-up credit is marked “축하금만 출금 불가” [the credit itself cannot be withdrawn]; TetherMaker's 25 USDT link bonus becomes withdrawable only “누적 페이백이 50 USDT에 도달하면” [once cumulative payback reaches 50 USDT]; the exchanges' own welcome bonuses are separate again. A fee rebate is a recurring share of the fees you actually pay, for as long as the account stays under the affiliate's code. Trade Reclaim's events page puts the difference in one line: “A bonus is paid once, cashback applies to every trade you make.” Bonuses can also shrink the rebate: on Bybit, fees paid with bonuses or coupons don't count toward it. Rebatly pays the rebate only and advertises no bonus.

Can I use two rebate services on one exchange account?

Not on the pages we read. An exchange account carries one referral attribution, and every service tracks rebates to its own code: Rebatefee — “an existing account cannot receive cashback”; Backcom.io — “Rebates are only tracked on accounts attached to the partner code”; TetherMaker — “이미 쓰고 계신 계정은 거래소 정책상 추천인 연결이 되지 않아 페이백이 적립되지 않습니다.” [an account you already use cannot be linked to a referrer under exchange policy, so no payback accrues]; ReturnFee checks whether the account was referred elsewhere before. Some exchanges allow an existing account to be attributed or re-attributed (Bybit lets a main account with no code add an affiliate's code within 14 days of registering, and MEXC lets a main account with no referrer link one within 30 days; Backcom.io describes a route for OKX, HighFxRebates for Gate); most services instead ask for a new account under their code. One account, one code, one rebate service — choose before you open the account.

Why does a Bybit figure above 50% need an explanation?

Because Bybit's Affiliate Program FAQ states that the maximum total rebate on trading fees for VIP accounts under an affiliate is capped at 50%. That cap covers the whole rebate on the account, so on a VIP account it is also the ceiling on what any rebate service can return to you. A Bybit figure above 50% of fees on a VIP account is therefore either a share of a different base (the service's own earnings or profit, a “spread”), a fee discount added to a rebate and presented as one number, or an extra paid outside the fee rebate (TetherMax says its 55% new-user boost's “additional rate will be paid as an event reward”) — or it is not something the exchange permits. TetherMax's “64% Total Savings” on Bybit is the clearest example of the second kind: a 20% fee discount and a 55% boost cashback combined into one figure. For non-VIP accounts the same FAQ says there is no such cap. The cap does not automatically apply on other exchanges, whose affiliate terms we did not check for this page. Rebatly's Bybit rate is up to 50%; the 50% tier applies from $150M monthly volume, 45% from $50M, and 40% below $50M.

Do I need to give a rebate service my API keys?

None of the fourteen sites asks for one on the pages we read (loweef offers an optional read-only key for its live view; none requires one), and several say so outright: TetherBack — “No. You do not need to provide any API key.”; Trade Reclaim — “You never give us account access. No API keys, no passwords, nothing that can touch your account.”; Backcom.io — “We will never ask for your password, 2FA code, private key, seed phrase or any API key with trading/withdrawal permissions on your exchange account.” TetherMax's line “TetherMax uses read-only API access only” describes its own connection to the exchange, not a key you supply. Rebatly asks for no key, and for nothing beyond the referral code at sign-up. If a service ever does ask for a key, the permissions decide everything: read-only exposes history and balances; trade permission lets the holder place orders; withdrawal permission lets the holder move funds. A rebate is computed from fee data the exchange already reports to its affiliate, so a rebate service has no need for trade or withdrawal permissions.

How do I check a service is actually an affiliate of the exchange?

Three checks from the outside. First, the service should name its status and its code or partner ID on the page: HighFxRebates prints “Affiliate Code: highfxrebate / Affiliate ID: 79069” on its Bybit page; Backcom.io calls itself “an independent introducing partner (IB/affiliate) of the listed exchanges”; TetherMax states “Binance and TetherMax have concluded the affiliate agreement in written form.”; TetherBack “Bybit and TetherBack have an official affiliate partnership.”; Rebatly states on every page that it is an independent affiliate. Second, look at where the sign-up link points — an affiliate link typically goes through the exchange's partner domain or carries a code the exchange's own registration form recognises. Third, after sign-up, open the exchange's own account settings and confirm the referral code that was applied; if the code you entered is shown there, the attribution exists on the exchange's side, whatever the service's site says. Claims of a “licence” or “official partner” status are only as good as the document behind them; where a site shows none, treat the status as not stated on their site.