Backpack / Binance
Choose by the product you use, then compare the fee and referral conditions below. There is no universal cheapest exchange.
Backpack
Spot and perpetual trading, with an exchange API and an integrated trading workflow. Equity Perps are a separate product: check availability, collateral and trading hours for the instrument you choose.
Binance
Binance brings together spot, margin and futures with tools such as trading bots, P2P and educational material. These can be useful if you want several trading workflows in one ecosystem. Products and promotions differ by country and account.
| Exchanges | Costs to check | Referral offers |
|---|---|---|
| Backpack | Check the current fee tier in your account and the official schedule. Staking, holdings and trading volume may affect your tier. A single public rate would not represent every account or product. Official fee schedule ↗ | Mike Xu offers a 20% share of eligible trading fees through this Backpack affiliate link. This operator-provided rate has not been independently verified in the account settings: confirm the rate displayed before trading. Equity Perps are excluded. This is fee sharing, not a deposit bonus or guaranteed return. Referral offers ↗ |
| Binance | The official regular-user spot table shows 0.100% maker / 0.100% taker, or 0.075% / 0.075% with the 25% BNB fee discount. This requires the applicable BNB setting and sufficient BNB. Pair-specific promotions, VIP tiers and futures have separate rates. The BNB discount is not referral cashback. Official fee schedule ↗ | Mike Xu supplied referral code BNBBABA and alternative JH5SZIO4. These links open bsmkweb.cc, an external redirect domain. Its official ownership and final Binance destination have not been verified. No “super rebate” percentage is confirmed. Verify the destination and account terms independently before entering credentials or depositing; the official referral page is linked below. Referral offers ↗ |
Compare the same product, pair and account tier. Maker/taker fees are only part of the cost: spread, slippage, funding and withdrawals also matter. A lower quoted fee does not guarantee a better execution price.
Spot fees are not futures fees. Referral rewards, token discounts and temporary campaigns are separate benefits; do not assume they can be combined.
Your cost worksheet
Enter the actual effective fee shown in each account after confirmed discounts. No exchange rate is prefilled. Estimates exclude spread, slippage, funding and withdrawals.
Official references
Sources checked: