Trading fee rebate voucher vs fee rebate service — what's the difference?

How an exchange rebate voucher works

Exchanges hand out fee rebate vouchers (sometimes called trading fee coupons or rebate cards) as sign-up rewards, task rewards or campaign prizes. The usual pattern:

• The voucher has a fixed value — for example a few USDT — and a validity window
• While it is active, part or all of the fee on eligible trades is refunded until the voucher value is used up
• Eligible products (spot, futures), minimum trade sizes and claim steps are set by each campaign's own terms

Once the value is spent or the window closes, fees return to normal. Always read the exchange's terms for the specific voucher — conditions differ between campaigns and exchanges.

How a fee rebate service is different

A rebate service does not depend on a campaign. When your account is opened through the service's referral link, the exchange pays the service an affiliate commission on your fees, and the service passes part of it back to you on every trade. There is no voucher value to run out — the rebate scales with what you actually trade. See what a fee rebate is for the full mechanism.

Exchange	Total rate	Welcome boost	Effective taker
AlphaX	65%	—	0.0175%
BingX	60%	70%	0.0200%
OKX	50%	60%	0.0250%
MEXC	55%	65%	0.0180%

Can you use both?

Usually, yes. A voucher is a promotion run by the exchange; the rebate depends on referral attribution set when the account was created. Using a voucher does not cancel the rebate, although a voucher that refunds the whole fee leaves less net fee for a rebate to apply to while it is active. The comparison with deposit bonuses works the same way — fee rebate vs deposit bonus.

Figures are estimates based on published fee schedules and loweef's current partner rates; voucher conditions are set by each exchange and can change.