Which crypto exchange has the highest cashback?

Through cashback.day, all five major exchanges (Binance, Bybit, OKX, MEXC, Bitget) offer the same 20% lifetime cashback rate. However, the effective savings differ because base fees vary. MEXC users save the least per dollar (because fees are already ultra-low) but pay the lowest total cost. Binance spot traders save the most when combining BNB discount + cashback.

Is Binance or Bybit better for cashback?

Both offer 20% cashback through cashback.day. Binance is better for spot traders (BNB discount stacking). Bybit is better for derivatives traders (slightly lower maker fees, stronger copy trading). For lowest overall fees, MEXC wins with 0% maker and 0.01% taker on futures.

Crypto Exchange Cashback Comparison: Binance vs Bybit vs OKX vs MEXC vs Bitget

The Complete Cashback Comparison

All five exchanges offer 20% lifetime cashback through cashback.day. But the real differences lie in base fees, trading features, and total effective cost. This guide breaks down exactly which exchange saves you the most money.

Master Comparison Table

FeatureBinanceBybitOKXMEXCBitget

**Cashback Rate**20%20%20%20%20%

**Spot Maker**0.100%0.100%0.080%0.000%0.100%

**Spot Taker**0.100%0.100%0.100%0.050%0.100%

**Futures Maker**0.020%0.020%0.020%**0.000%**0.020%

**Futures Taker**0.050%0.055%0.050%**0.010%**0.050%

**Token Discount**BNB -25%—OKB -40%——

**Cashback Payment**WeeklyWeeklyWeeklyWeeklyWeekly

**Regulation**VariousVARA, CySECVarious—Various

**Best For**Spot tradersDerivativesWeb3Low feesCopy trading

After-Cashback Fee Comparison

Spot Trading (After 20% Cashback)

ExchangeMakerEffective MakerTakerEffective Taker

Binance0.100%0.080%0.100%0.080%

Binance + BNB0.075%**0.060%**0.075%**0.060%**

Bybit0.100%0.080%0.100%0.080%

OKX0.080%0.064%0.100%0.080%

MEXC0.000%**0.000%**0.050%**0.040%**

Bitget0.100%0.080%0.100%0.080%

Winner (Spot): MEXC (0% maker, 0.040% taker after cashback)

Futures Trading (After 20% Cashback)

ExchangeMakerEffectiveTakerEffective

Binance0.020%0.016%0.050%0.040%

Bybit0.020%0.016%0.055%0.044%

OKX0.020%0.016%0.050%0.040%

MEXC**0.000%****0.000%**0.010%**0.008%**

Bitget0.020%0.016%0.050%0.040%

Winner (Futures): MEXC (0% maker, 0.008% taker after cashback)

Cost Calculator: $100K Monthly Volume

Spot Trading (Taker Orders)

ExchangeMonthly FeeCashbackNet CostAnnual Savings

Binance + BNB$75$15$60$180

Bybit$100$20$80$240

OKX$100$20$80$240

**MEXC**$50$10**$40**$120

Bitget$100$20$80$240

Futures Trading (Taker Orders)

ExchangeMonthly FeeCashbackNet CostAnnual Savings

Binance$50$10$40$120

Bybit$55$11$44$132

OKX$50$10$40$120

**MEXC**$10$2**$8**$24

Bitget$50$10$40$120

Exchange Deep Dives

Binance — Best for Spot Trading

Why: BNB 25% spot discount stacks with 20% cashback for unmatched spot savings.

After all discounts: 0.060% spot taker (40% reduction)

Ideal trader: Spot-heavy, holding BNB, preferring the largest exchange.

Guide: How to save 40% on Binance fees

Bybit — Best for Derivatives

Why: Top-3 derivatives exchange with VARA + CySEC regulation. Strong copy trading.

After cashback: 0.016% futures maker, 0.044% taker

Ideal trader: Futures/perpetual traders who value regulation and copy trading.

Guide: Bybit USDT fee cashback

OKX — Best for Web3 Integration

Why: OKB discount up to 40% for spot. Best Web3 wallet and DeFi integration.

After cashback + OKB: 0.048% spot taker

Ideal trader: Web3-focused traders, OKB holders.

Guide: OKX trading fee cashback

MEXC — Cheapest Overall

Why: 0% maker and 0.01% taker on futures. Unbeatable on raw cost.

After cashback: 0% futures maker, 0.008% taker

Ideal trader: High-volume traders who prioritize the lowest possible fees.

Guide: MEXC trading fee rebate

Bitget — Best for Copy Trading

Why: #1 copy trading platform. Copy trade fees also qualify for cashback.

After cashback: 0.016% futures maker, 0.040% taker

Ideal trader: Copy trading users, social traders.

Guide: Bitget trading fee cashback

Which Exchange Should You Choose?

If you...ChooseWhy

Trade mainly spot**Binance**BNB discount + cashback = 0.060%

Trade futures**MEXC**0% maker, 0.008% taker

Want best regulation**Bybit**VARA + CySEC licenses

Use Web3/DeFi**OKX**Best wallet integration

Copy trade**Bitget**#1 copy trading platform

Want lowest risk**Binance**Largest, most established

Want all of the above**cashback.day**Register on multiple exchanges

The Multi-Exchange Strategy

With cashback.day, you don't have to choose just one. Register on multiple exchanges and use each for its strength:

Binance for spot trading (BNB discount)

MEXC for futures (lowest fees)

Bitget for copy trading

OKX for Web3

All with 20% cashback on every exchange, tracked from one platform.

Compare All Exchanges →

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