What Is the OKX Referral Code?
CPDISCOUNT is the OKX referral code used by the Coinperps partner link. When you register through it, your new account receives a 15% rebate on net trading fees across spot, margin and perpetual swaps. It also assigns the new-user Welcome Rewards track to the account.
This rebate is funded from the commission OKX pays its partners. The exchange’s affiliate and referral FAQ confirms that partners choose how much of their commission to return to invited users. They can increase the rate after an account is bound, but cannot reduce it. You keep the percentage displayed beneath the code field during registration.
The underlying mechanics matter more than the headline rate. OKX assigns each account to a single acquisition channel when it is created. Its New User Bonus FAQ also states that an offer cannot be added later through a deposit or trade if the account was registered without one.
Rebates are calculated from the fees actually charged. Zero-fee stablecoin pairs and Convert transactions therefore produce no rebate.
OKX operates through separate regional entities, so the products available under the same login vary by country. The US platform does not offer perpetual swaps, while the EEA entity provides a MiFID-regulated derivative known as X-Perps. Canada has been closed since OKX withdrew from the market. Our OKX restricted countries guide tracks current access, while the OKX exchange review covers the wider platform.
How to Use the OKX Referral Code (Step-by-Step)
OKX attributes an account when it is created and will not reassign it later. Do not first download the app through an advertisement or a different invite link, as that channel may claim the account before you enter the code.
- Open the partner link: Use the button at the top of this page so CPDISCOUNT is pre-filled. Before submitting, check that the code and rebate rate appear on the sign-up form.
- Create the account: Register using an email address or phone number, set a password and enable two-factor authentication. Choose a main account because OKX excludes sub-accounts from all new-user programmes.
- Verify to Level 2: Upload a government-issued ID and complete the liveness check. Advanced verification is required before OKX releases any new-user reward. The country shown on your documents determines which OKX entity you contract with.
- Check Welcome Rewards: Go to Rewards, then open Welcome Rewards to review the tasks, amounts and deadlines attached to your account. These personalised terms override figures quoted by any third-party page, including this one.
- Enrol in the Full Rebate offer if shown: If the New User Full Rebate Program appears, tap Enrol before placing your first trade. You must enrol within the activity window, which defaults to 29 days from registration.
- Deposit and place a qualifying trade: Add funds through an external wallet or fiat payment rail. Then place one trade that independently meets the minimum shown on the landing page. Internal transfers, red packets and zero-fee pairs are ineligible.
- Claim daily and track lock-ups: Full Rebate rewards are released over seven days and require manual claims. Crypto Welcome Rewards may remain locked for up to 45 days. They can be traded during this period but not withdrawn.
The 15% rebate does not depend on completing these steps. It begins with your first fee-bearing order, whether or not you finish the welcome tasks.
OKX Welcome Package: Full Rebate, Welcome Rewards and Lock-Ups
OKX rebuilt its new-user incentives in March. Its main offer is now the New User Full Rebate Program. The terms published in the OKX help centre differ substantially from the mystery-box structure that many referral pages still describe.
- Trigger: A single qualifying trade must meet the minimum size displayed on the landing page. Several smaller orders cannot be combined to reach the threshold.
- Value: The gift package equals 100% of the first qualifying trade in USDT equivalent, subject to caps based on region and acquisition channel.
- Composition: Rewards combine a trading bonus, contract voucher and rebate card. They are divided into seven daily instalments after the qualifying trade is completed.
- Window: Users have 29 days from registration to enrol and complete the trade. Rewards earned before the window closes remain available to claim afterward.
- Claiming: Every daily instalment must be claimed manually through the landing page or Campaign Centre. It then enters a lock-up period before use, while unclaimed instalments expire.
- Exclusions: Zero-fee stablecoin pairs such as USDC/USDT, zero-fee Convert, internal transfers, red packets and P2P share orders cannot serve as the qualifying trade.
The amount shown at the top of this page is the maximum package available through the Coinperps channel. OKX applies regional caps to the Full Rebate reward and personalises its Welcome Rewards, so most users will see a smaller figure in their own rewards centre.
Reward principal remains on OKX. Trading bonuses and contract vouchers allow users to retain any profit, but the underlying bonus cannot be withdrawn. Rebate cards work differently. They cover trading fees, with OKX returning the eligible amount in USDT to the funding account on the following day.
The Full Rebate offer sits alongside the broader Welcome Rewards track, which follows OKX’s New User Bonus terms. Tasks may involve deposits or trades. Some EEA offers also include an OKX Card payment. Rewards can take the form of crypto, an X-Perps voucher or a VIP Pass.
Crypto rewards may be locked for up to 45 days. They remain tradeable during that period but cannot be transferred off the platform. Each account can participate in only one New User Bonus activity at a time. Joining a second activity voids the first.
If a mystery box still appears in your rewards centre, consider it an additional incentive rather than the central offer. Older OKX referral rules describe boxes containing crypto or rebate cards that expire if left unopened. Current terms focus on the Full Rebate structure outlined above.
How the 15% Fee Rebate Works on OKX
The rebate is calculated as a percentage of net fees, making OKX’s base fee schedule the starting point. Regular users pay 0.02% maker and 0.05% taker on perpetual swaps. Spot fees are 0.08% maker and 0.10% taker, according to examples in OKX’s trading fee rules FAQ.
OKX revised its VIP ladder on 8 April. According to the advance notice, the exchange cut the monthly futures volume required for VIP 1 in half to $5 million. It also increased most asset thresholds and changed the VIP 1 and VIP 2 futures rates. The table below shows the current perpetual schedule for Group 1 pairs, which comprise the ten most liquid contracts.
OKX uses whichever qualifying measure gives you the highest tier. As a result, holding a $100,000 balance is enough to receive VIP 1 pricing without generating any trading volume. The same FAQ confirms that OKB holdings no longer reduce fees, despite older guides continuing to mention this discount.
OKX’s affiliate rules impose two further limits. Rebates generated by VIP 5 and VIP 6 invitees are subject to monthly caps. At VIP 7 and above, trades produce no partner commission, effectively ending the 15% kickback at institutional volumes.
Tier discounts apply before the referral rebate, so the savings compound. For example, a VIP 1 taker charged 0.045% receives 15% back, reducing the net rate to 0.03825%. Our maker vs taker fees guide explains how order type determines the rate charged. The lowest fee perpetual exchanges ranking compares OKX with Bybit, Binance and MEXC.
How Much Can You Save With the OKX Referral Code?
OKX charges perpetual trading fees on the value of each fill rather than the margin posted. Leveraged turnover can therefore grow much faster than the capital supporting it. With up to 100x leverage available on major pairs, even moderate positions can produce seven-figure monthly volume from a comparatively modest account.
- Position size: $2,000 of margin at 25x provides $50,000 of exposure.
- Round trip: Opening and closing the position creates $100,000 of fee-bearing volume because each fill incurs a charge.
- Monthly volume: Thirty round trips generate $3 million.
- Taker cost: At the standard 0.05% rate, monthly fees reach $1,500.
- Rebate: A 15% rebate returns $225 per month, equivalent to roughly $2,700 a year if activity remains constant.
Using resting limit orders changes the calculation. At the 0.02% maker rate, the same trader pays $600 in fees and receives a $90 rebate. Although the rebate is smaller, overall costs fall by more than half. Order type consequently has a greater effect on expenses than the kickback itself.
Savings are much lower for spot buyers. Converting $20,000 per month through market orders at 0.10% incurs $20 in fees and returns $3. For users who mainly accumulate crypto through OKX, the Full Rebate gift package may be worth more than a full year of fee rebates where it is available.
Funding payments are excluded altogether. These payments pass directly between long and short traders, and OKX states in its fee FAQ that the platform does not take a cut. The funding rates dashboard compares live OKX rates with other major venues. Since OKX changed its perpetual funding formula in late May, traders should also read the positive vs negative funding fees explainer before sizing a carry trade.
OKX Regulatory Position and What Changed This Year
OKX holds one of the broadest licence portfolios among global derivatives platforms. This year, it has also added institutional backing. The developments below are most relevant to traders considering whether to hold capital on the exchange.
Management has publicly stated that it will not rush an IPO, leaving the ICE valuation as the current benchmark for counterparty scale. OKX’s monthly zk-STARK Proof of Reserves reports provide the practical custody check. The main platform has no major disclosed hack.
European readers can use the MiCA licensed exchanges list and best crypto futures platforms in Europe ranking to assess the trade-offs of X-Perps. US clients seeking CFTC-regulated perpetuals can currently access them through Kraken, as covered in our Kraken referral code guide. Our perpetual futures regulation explainer follows the wider shift toward onshore markets.
OKX Referral Programme vs Affiliate Programme
OKX uses two separate schemes for acquiring new customers. The distinction becomes important if you intend to invite friends after opening your account.
Its standard referral programme is designed for individuals. Under the referral rules, inviters can receive task-based rewards such as rebate cards when an invitee completes verification and deposits or buys crypto within 30 days of registration. Both participants receive their own reward. The New User Bonus FAQ makes clear that these rewards are calculated separately.
Publishers, creators and businesses use the affiliate programme, which is the arrangement supporting this page. OKX’s affiliate FAQ outlines the following structure.
- Default commission: Affiliates receive 30% of an invitee’s net trading fees, with performance assessed each month.
- Tiered ceiling: Commission rates increase to 35%, 40%, 45% and 50% as monthly invitee volume and active trader numbers rise. The futures thresholds range from $500,000 to $200 million.
- Kickback control: Each affiliate decides how much commission to return to invitees. CPDISCOUNT provides a rebate equal to 15% of your fees.
- Verification requirement: Affiliates who have not completed identity verification have received no commission since January 2024.
- Exclusions: Broker accounts, market makers and managed trading sub-accounts generate no commission. The same applies to trades funded with vouchers or rebate cards.
One account cannot receive both a referral rebate and a tiered affiliate commission. If you later join the affiliate programme, OKX replaces your invitation task bonuses with a share of trading commissions.
Elsewhere in this series, the Bybit referral code offers task bonuses without a fee rebate. The Binance referral code and Gate referral code use the same kickback model as OKX. High-volume traders should also review our best crypto exchange VIP programs roundup because OKX’s asset-based route to VIP status is unusually accessible.
Bottom Line
OKX referral code CPDISCOUNT provides a 15% rebate on net trading fees for spot, margin and perpetual swaps. It also adds a welcome track centred on a Full Rebate gift package equal to the first qualifying trade. The fee rebate is the lasting benefit. Welcome packages are personalised, capped by region and distributed through locked instruments, so the amount displayed in your rewards centre takes precedence over any headline figure.
The exchange ranks third in our coverage based on its deep perpetual liquidity, unified account and broad licence portfolio. Its account structure allows spot, futures and options to draw margin from a single pool. The ICE stake, Coinone investment and expansion into equity and oil perpetuals indicate a preference for regulated infrastructure rather than offshore reach.
US and Canadian traders cannot access perpetuals through OKX. EEA customers receive X-Perps instead, with leverage capped at 10x.
For a direct comparison with its closest competitors, read Bybit vs OKX and Binance vs OKX. You can also browse all available codes through the referral codes hub.