# Referrals

Registered Exchange members who onboard KYC'd users with their Referral Code will **earn 10%** of the trading fees generated by that new user.

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### How do I refer someone to Backpack Exchange? <a href="#how-do-i-refer-someone-to-backpack-exchange" id="how-do-i-refer-someone-to-backpack-exchange"></a>

To invite a new user:

**1. Locate Your Referral Code**

* On the web: Go to [backpack.exchange/referrals](https://backpack.exchange/referrals).
* On the mobile app: Navigate to your Exchange Account → Points Screen → Referrals tab.
  * ***Customization Tip**:* You must have $1,000,000 in lifetime trading volume to customize your code. Otherwise, a default code is assigned.

**2. Share Your Code**

* share the code directly with a friend or community member.

**3. Track Referral Activity**

* Once they sign up using your code and complete KYC, you’ll start earning referral rebates based on their trading fees.

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### How do I use a referral code? <a href="#how-do-i-use-a-referral-code" id="how-do-i-use-a-referral-code"></a>

**1. Create a New Account**

* On desktop: Visit [backpack.exchange/signup](https://backpack.exchange/signup).
* On mobile: Download the [Backpack app](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads), open it, and follow the prompts to create an account.

**2. Enter the Referral Code**

* During signup, look for the “Add referral” field.
* Input the code you received from your referrer.

**3. Complete KYC**

* After verifying your identity, you’re all set. Your referrer will begin receiving rebates, and you’ll gain access to all of Backpack Exchange’s features.

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### :warning:Important Notes

* **Referral Rebate Claims:** Available for up to 24 months after they become eligible.
* **Processing Time:** If your rebate claim hasn’t processed within one day of claiming, reach out to <support@backpack.exchange>&#x20;
* **VIP4/5 Rebates (Reinstated)**: Referrals at the VIP4/5 tier do pay rebates so long as the referred user’s API-executed trading is under 25% of their total trading volume for the rebate period.
* **Weekly Updates:** Referral rebates are populated weekly, and trading volume from referrals is not instantly claimable.
* **No Retroactive Adds:** We cannot add referrals for users who have already completed KYC without using your code.

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### Important Update (Effective September 29, 2025)

We’ve reinstated rebates for VIP4/5 referrals with an API-trading threshold.

* Eligibility is assessed weekly.
* If API-executed trades are ≥25% of a user’s total weekly volume, no rebate is paid for that week.
* Manual/UI trading continues to qualify as usual.

If you have any questions regarding this update, please reach out to <support@backpack.exchange>&#x20;