Cashback vs Rebate: What's the Difference?
Cashback, rebate, fee discount, loyalty points — what each actually means and which puts cash in your wallet.
1
Cashback (referral-based)
Real cash. Funded by exchange commission. Paid in USDT. Withdrawable immediately. The mechanism Cryptofeeback uses.
2
Maker rebates
Negative fees for limit orders. Real value but only meaningful for high-frequency traders providing liquidity.
3
Fee discount tokens
BNB, KCS, etc. Discount only when you hold + burn the token as fees. Adds price exposure to the discount token. Often net negative when token volatility is considered.
4
Loyalty points
Earn points → redeem for limited rewards → expire. Casino mechanics. Avoid for serious traders.
5
Why cashback wins
Cash, withdrawable, no expiry, no token risk. The only mechanism that's strictly positive value.