Binance vs BingX: fees, rebates and bonuses compared

The base spot fee does not separate these two exchanges in the data Getref has checked. What separates them is the share of fees returned as a fee rebate, how long it lasts, and what each welcome bonus asks of you. The table below shows what is verified today and what is not.

A verdict by type of user, based only on what is confirmed:

• You trade mostly spot and care about cost. BingX lists the higher rebate share today, so it has the lower effective fee on paper. That only holds if the cap and period suit your volume, and both are still to be confirmed.
• You want the bigger bonus ceiling or prefer to stay on Binance. Binance lists the larger 'up to' bonus. An 'up to' amount says little until you know the conditions, which we could not retrieve.
• You trade derivatives. Futures fees are not verified for either exchange, so compare them on the official fee pages before choosing: Binance and BingX.

Neither exchange is the right pick for everyone. For a pair-by-pair view, see the Binance vs BingX comparison page.

On spot, the cheaper one is the one that returns the larger share of your fees for as long as you actually trade. With identical headline fees, the effective fee is the headline fee minus the rebate share. In today's data BingX returns the larger share. That can change, so the live table below is the reference.

Compare BINANCE and BINGX

The formula is simple:

Two unknowns can change the picture. A cap limits the total rebate the exchange returns, and a period limits how long the rebate applies after sign-up. A high share with a short period or a low cap can save less than a modest share without limits. Both values are to be confirmed for each exchange, so check them on the official pages before you decide.

To run your own numbers, use the calculator for each exchange. Full method: how to calculate trading fee savings.

A rebate lowers your costs. It does not make trading profitable.

Both bonuses are 'up to' amounts: up to 19,800 USDT^{verified Oct 10} at Binance and up to 11,500 USDT^{verified Oct 6} at BingX. The amount you receive depends on conditions such as deposits, trading volume, deadlines and which accounts are excluded. We did not retrieve those conditions from official pages, so we do not state them here.

What to check on each official page before you act:

1. What you must deposit or trade to unlock each part of the bonus.
2. The deadline after sign-up, and what happens to unclaimed parts.
3. Whether your country or account type is excluded.
4. Whether the reward is paid as cash, vouchers or trading credit, and whether it can be withdrawn.

The detailed pages are Binance sign-up bonus: real conditions and BingX sign-up bonus: real conditions. If the difference between a bonus and a rebate is unclear, read rebate vs cashback vs welcome bonus.

If you want to open an account through Getref, the offer cards show the current rebate, bonus and sign-up button. Getref may earn a commission from the exchange when you do, and this does not change your terms. The exchange calculates and pays the rebate and bonus. Getref pays only its own points (Getref Rewards).

The code is entered at registration, and the reliable path is to enter it then. For this pair we could not confirm from an official source whether either Binance or BingX lets you add a code after the account exists, so we do not claim it either way. The recovery window is to be confirmed for both.

What to do instead of guessing:

The codes in Getref's data are GETREF for Binance and 4YIJDZ2Q for BingX. A referral link carries the code for you, which avoids typing mistakes.

Availability depends on your country of residence and on each exchange's current rules, and these change. We do not guess. Check the supported or restricted countries on each exchange's own site: Binance and BingX. Look at the terms of use and the help center for the list.

Also check whether the products you want, such as derivatives, and the bonus itself are open to residents of your country. An exchange can accept an account and still exclude a country from a promotion. Identity verification (KYC) requirements differ by country and account level, and we have no verified thresholds for either exchange.

We have no linked, verified figures on liquidity, user counts or volume for either exchange, so we do not rank them on those. What you can check yourself is cheap to do. Open the order book for the pairs you trade, compare the spread between best bid and best ask, and place a small limit order to see how it fills. For larger market orders, a wide spread can cost more than a small difference in fees.

On safety, compare the basics on each official site:

• Account protection. Two-factor authentication (2FA) should be on, with withdrawal protections you control.
• Proof of reserves. If an exchange publishes it, it shows assets at one moment. It is not an audit and does not show liabilities in full.
• Product fit. Spot, futures and other products differ in availability by country. Futures fees are not verified for either exchange here.

For a wider checklist, see how to choose a crypto exchange. Exchange profiles are on Binance and BingX.

The exchange calculates and pays the rebate. Getref cannot see your account or your trades. The exchange's partner cabinet only shows that an account was opened through Getref's link, and Getref asks only for your UID, the exchange account number. So the checking is on you:

For how payouts generally work, read how exchanges pay rebates.