Cryptocurrency exchanges primarily compete on trading volume and liquidity. Liquidity is largely driven by the exchange's user base and market makers. To sustain growth, exchanges must continually attract new users—a challenge that demands innovative solutions.
Among various user acquisition strategies, referral programs remain one of the most effective. A referral code is a unique identifier assigned to each registered user, allowing them to invite friends, family, or potential traders to join the platform.
Many exchanges leverage referral rebates to incentivize sign-ups and trading activity. These programs create viral growth, indirectly boosting marketing efforts. For users, the most critical factor is the rebate percentage and reward structure. Today, we compare referral programs offered by Taiwan’s leading crypto exchanges.
MAX Super Referral Program
MAX, launched by MaiCoin in 2014, is Taiwan’s first fiat-supported cryptocurrency exchange. It collaborates with Far Eastern Bank to provide asset custody services, ensuring regulatory compliance and fund security.
Key Features:
Recommended Users (Tier 1):
- Enjoy 20% off trading fees for 6 months after registration.
- If paying with MAX Token, receive an additional 50% discount, reducing fees to 40% of the standard rate.
Referrers (Tier 2):
- Earn 35% of the referred user’s trading fees as rebate.
- By staking 5,000+ MAX Tokens, rebates increase to 70% (uncapped).
Example Calculation:
Without MAX Token:
- Trading fee: NT$10,000** → **NT$8,000 (20% discount).
- Referrer earns: NT$8,000 × 35% = NT$2,800 (in USDT).
With MAX Token:
- Trading fee: NT$10,000** → **NT$4,000 (60% discount).
- Referrer earns: NT$4,000 × 70% = NT$2,800 (in USDT if staked).
BitoPro Referral Rewards
BitoPro, operated by BitoEX, supports TWD deposits/withdrawals and offers BITO Coin for fee discounts.
Key Features:
No active referral program, but past campaigns offered:
- Referrers earned 30% of referred users' trading fees (paid in BITO if applicable).
- No benefits for referred users.
Example Calculation:
- Referred user trades: NT$10,000 fee.
- Referrer earns: NT$10,000 × 30% = NT$3,000 (in BITO or native token).
ACE Exchange Referral Program
ACE offers two referral-based promotions:
1. Friend Recruitment
- Both referrer and referee receive NT$50 worth of ETH upon KYC completion (no trading required).
2. Multi-Level Rebates
- Tier 1: 50% of trading fees.
- Tier 2: 10% of indirectly referred users' fees.
Example Calculation:
- Tier 1 user (B) trades: NT$10,000** → **NT$5,000 rebate.
- Tier 2 user (C) trades: NT$10,000** → **NT$1,000 rebate.
- Total rebate for A: NT$6,000.
Other Exchanges
Numbao:
- Referrers earn 10% of trading fees (valid for 120 days).
BitAsset:
- Referral program temporarily offline (under upgrade).
Conclusion
| Exchange | Referee Discount | Referrer Rebate | Notes |
|---------------|------------------|-----------------|------------------------------|
| MAX | Up to 60% off| 35–70% | Best for high-volume traders |
| ACE | NT$50 ETH | 50% + 10% | Multi-level rewards |
| BitoPro | None | 30% | Limited to past campaigns |
| Numbao | None | 10% | Short-term (120 days) |
MAX stands out with dual benefits for both referees (fee discounts) and referrers (high rebates). Its USDT conversion for TWD fees is unmatched.
FAQ
Q: Which exchange offers the highest referral rebate?
A: MAX (70% with MAX Token staking).
Q: Do referred users get rewards on all exchanges?
A: Only MAX (fee discounts) and ACE (NT$50 ETH).
Q: Are rebates paid in crypto or fiat?
A: Typically in crypto (e.g., USDT, ETH), except MAX’s TWD→USDT conversion.
For traders seeking maximum savings, MAX’s referral program is the top choice.