Can You Add a Backpack Referral Code After Registration?
No — the referral code must be applied during signup
On Backpack, the referral code is linked to your account at the time of registration. Once you complete the signup process and KYC verification, the code cannot be added or changed retroactively. Use the referral link backpack.exchange/join/0re5xxvy when creating your account to ensure the code is applied from the start.
What Is a Backpack Referral Code?
A referral code is a tracking code shared by existing Backpack users. It is not a discount code or bonus code — Backpack does not offer a direct benefit (fee discount or signup bonus) for new users who use a referral code. The referrer receives 10% of the referred user’s trading fees as cash rebates. We publish a verified code on this page so you can sign up directly.
How Referral Codes Work on Backpack
When you sign up through a referral link, the code is recorded on your account. The referrer then earns 10% of your trading fees as cash rebates (paid weekly, with a 24-month claims window). The referred user — you — receives no fee discount, no bonus, and no extra points. The value for new users is simply access to the platform, its competitive fee structure, and eligibility for the $BACK token airdrop through the points program.
How to Use It
Visit Backpack through the referral link on this page (the code is applied automatically)
Create your account with email, then complete KYC verification (government-issued ID required)
Deposit funds and start trading — you are now earning points toward the $BACK airdrop
Backpack Referral Code Benefits & Drawbacks
✓ What You Get on Backpack
| What You Get | Rate | Industry Average | Savings |
|---|---|---|---|
| Spot Maker Fee | 0.08% | ~0.15% | 47% lower |
| Spot Taker Fee | 0.10% | ~0.19% | 47% lower |
| Futures Maker Fee | 0.02% | ~0.05% | 60% lower |
| Futures Taker Fee | 0.05% | ~0.06% | 17% lower |
| USDT/USDC Trading | 0% | Varies | Free |
Fee Comparison: Backpack vs Industry Average
These are the base-tier fees you pay on Backpack regardless of whether you use a referral code. The referral code does not provide a fee discount — these rates are standard for all users.
| Monthly Volume | Backpack Taker Fee (0.10%) | Industry Avg Taker Fee (~0.19%) | You Save |
|---|---|---|---|
| $50,000 | $50 | $95 | $45/month |
| $200,000 | $200 | $380 | $180/month |
| $1,000,000 | $1,000 | $1,900 | $900/month |
Based on spot taker fees at base tier. These savings come from Backpack’s standard fee structure, not from the referral code. Futures fees would show even larger differences. Tiers are recalculated hourly based on 30-day rolling volume.
! Drawbacks
No direct benefit for using a referral code
Unlike Binance or Bybit, which offer up to 20% fee discounts for referred users, Backpack’s referral code provides no fee discount, no signup bonus, and no extra points for new users. The value proposition is the platform itself, not the referral code.
CEX custody risk
Unlike DEXs where you hold your own keys, funds on Backpack are held by the exchange. Despite strong Proof of Reserves and no reported security incidents, this is inherent custodial risk.
Points distribution formula is not publicly disclosed
The exact formula for converting trading volume to points is opaque. Your share of the $BACK airdrop depends on your activity relative to all participants, and this ratio is unknown until distribution.
KYC required for all trading
As a regulated CEX, Backpack requires government-issued ID verification before you can trade. This is standard for licensed exchanges but may not suit users who prefer privacy-first platforms.
How to Use the Backpack Referral Code (Step-by-Step)
Visit Backpack via the Referral Link
Go to backpack.exchange/join/0re5xxvy to apply the referral code automatically. This links the referral to your account from the start.
Create Your Account
Sign up with your email address and set a secure password. Backpack will send a verification email — click the link to confirm your account.
Complete KYC Verification
Backpack requires KYC (Know Your Customer) verification to trade. Submit your government-issued ID and complete the identity check. This is standard for regulated CEXs and is required for airdrop eligibility.
Deposit Funds and Start Trading
Deposit crypto (free) or fiat via SWIFT (free, min $100). Backpack supports deposits on Solana, Ethereum, Bitcoin, Optimism, Polygon, Eclipse, and Monad. Start trading spot or futures to earn points in the Season 4 program.
Track Your Points and Rank
Monitor your points accumulation and rank tier (Bronze through Challenger) via the Points section. Points are distributed weekly based on your trading volume. Higher ranks mean a larger share of the $BACK token airdrop.
How to Get a Backpack Referral Code for Free
Backpack referral codes are completely free to use. There is no cost to obtain or redeem one. Keep in mind that the code does not give you a fee discount or bonus — it is an affiliate tracking code.
The code on this page — 0re5xxvy — is ready to use right now
- → Click our sign-up button and the code is applied automatically
- → Complete registration and KYC to start trading
- → No purchase or extra steps required
Is This Backpack Referral Code Still Valid in 2026?
Last Verified
February 23, 2026
Expiration
No expiration (active while the referral program is running)
Verification Cycle
Monthly
Ready? Sign up with the code below
0re5xxvy Trade on a dual-regulated exchange with daily Proof of Reserves and earn $BACK airdrop points
Referral code must be applied during signup — cannot be added after KYC completion
Backpack Trading Fees
Maker Fees vs. Taker Fees
Exchange fees are split into two types based on how your order is filled. Maker fees apply to limit orders that add liquidity to the order book, so they’re set lower as an incentive. Taker fees apply to market orders that remove liquidity from the book. Backpack uses a volume-based tier system recalculated hourly based on your 30-day rolling trading volume. USDT/USDC trading is 0% fee.
Spot Trading Fees
| Tier | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| Base | < $5M | 0.08% | 0.10% |
| Tier 2 | > $5M | 0.04% | 0.06% |
| Tier 3 | > $15M | 0.01% | 0.028% |
| VIP | Top Tier | 0.00% | 0.025% |
Futures Trading Fees
| Tier | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| Base | < $5M | 0.02% | 0.05% |
| Higher Tiers | > $5M | Reduced | Reduced |
| VIP | Top Tier | 0.00% | 0.018% |
Tiers are recalculated hourly based on your 30-day rolling trading volume. If your volume increases mid-day, you move up immediately. Mad Lads NFT holders receive automatic VIP Tier 1 fee rates.
Other Fees
Crypto Deposits
Free on all supported chains: Solana, Ethereum, Bitcoin, Optimism, Polygon, Eclipse, and Monad.
Fiat Deposits & Withdrawals
USD deposits and SWIFT withdrawals are free (minimum $100).
USDT/USDC Trading
0% fee for stablecoin-to-stablecoin trades. Note: this volume does not count toward your 30-day tier calculation.
Funding Rate
Charged for holding perpetual futures positions. Rate fluctuates with market conditions and is exchanged between long and short position holders.
What Is Backpack?
Backpack is a centralized cryptocurrency exchange (CEX) founded by Armani Ferrante, the creator of Solana’s Anchor development framework and a former Apple software engineer. Co-founded with Tristan Yver (ex-FTX US Head of Strategy), the exchange launched publicly in February 2024 and has grown to over 500K verified users with more than $363 billion in lifetime trading volume. After losing approximately 88% of the company’s operating funds in the FTX collapse, the team built Backpack with transparency as a core principle.
Key Services
Spot Trading
45+ cryptocurrency trading pairs (primarily USDC-denominated) with base fees starting at Maker 0.08% / Taker 0.10% — roughly half the industry average.
Perpetual Futures
Major crypto pairs with leverage. Futures account for approximately 94% of Backpack’s total volume. Base fees start at Maker 0.02% / Taker 0.05%.
Multi-Chain Deposits
Support for Solana, Ethereum, Bitcoin, Optimism, Polygon, Eclipse, and Monad. Crypto deposits are free. Fiat (USD) deposits and SWIFT withdrawals are also free (min $100).
Season 4 Points Program
10-week cycle with weekly snapshots every Friday and points distributed at 02:00 UTC. Six rank tiers from Bronze to Challenger. Points are expected to convert to $BACK tokens at TGE.
Regulation & Licensing
Backpack holds a VARA license from Dubai’s Virtual Assets Regulatory Authority and a MiFID II license (via CySEC) acquired through the $32.7 million purchase of FTX EU. This dual regulatory framework provides coverage across the UAE and the entire European Union, positioning Backpack as one of the most compliance-forward crypto exchanges operating today.
Security & Transparency
Backpack publishes daily Proof of Reserves verified by OtterSec using zero-knowledge proofs, with internal reconciliation running every 10 minutes. This is significantly more frequent than the industry standard of monthly or quarterly reports. The majority of assets are held in cold storage. No security breaches have been reported. The platform runs an active bug bounty program.
$BACK Token & Airdrop
The $BACK token has a confirmed supply of 1 billion tokens, with 25% released at TGE (24% to points holders, 1% to Mad Lads NFT holders). Uniquely, there is no team or VC token allocation — founders and investors hold equity, not tokens, with upside tied to a future IPO. The TGE date has not been announced, but the community widely expects 2026 H1.
Frequently Asked Questions
What is the Backpack referral code for 2026? ▼
The Backpack referral code is 0re5xxvy. You can apply it by signing up through backpack.exchange/join/0re5xxvy.
Is there a signup bonus for using a Backpack referral code? ▼
No. Backpack does not offer a direct signup bonus or fee discount for new users who use a referral code. The referrer earns 10% of the referred user’s trading fees as cash rebates. The value for new users is the platform itself: competitive fees, dual regulation, daily Proof of Reserves, and eligibility for the $BACK token airdrop through the points program.
Can I add a referral code after I have already signed up? ▼
No. On Backpack, the referral code must be applied during the signup process. It cannot be added retroactively after KYC completion. Use the referral link backpack.exchange/join/0re5xxvy when creating your account to ensure the code is applied.
What are Backpack’s trading fees? ▼
Spot trading starts at Maker 0.08% / Taker 0.10%. Futures start at Maker 0.02% / Taker 0.05%. Both decrease with higher 30-day volume. USDT/USDC trading is completely free (0% fee). Mad Lads NFT holders automatically receive VIP Tier 1 fees. Tiers are recalculated hourly.
How do I earn points for the $BACK airdrop? ▼
Points are earned by trading on Backpack (both spot and futures). Season 4 is currently active with 10-week cycles. Points are distributed weekly based on your trading volume and activity. Higher volume and consistent activity move you up through the rank tiers (Bronze to Challenger), which is expected to increase your airdrop allocation. 24% of the 1 billion $BACK token supply is allocated to points holders.
Is KYC required on Backpack? ▼
Yes. Backpack is a regulated CEX and requires KYC (Know Your Customer) verification to trade. You will need to submit a government-issued ID. This is standard for regulated exchanges and is required for airdrop eligibility.
Is Backpack safe? ▼
Backpack holds dual licenses — VARA (Dubai) and MiFID II (EU via CySEC). It publishes daily Proof of Reserves verified by OtterSec using zero-knowledge proofs, with internal reconciliation every 10 minutes. No security breaches have been reported. The majority of assets are held in cold storage, and the platform has an active bug bounty program.
What is the $BACK token and when is the TGE? ▼
The $BACK token has a confirmed supply of 1 billion tokens, with 25% released at TGE (24% to points holders, 1% to Mad Lads NFT holders). Uniquely, there is no team or VC token allocation — founders and investors hold equity instead. The TGE date has not been announced, but the community widely expects it in the first half of 2026.
Ready to Start Earning Backpack Points?
0re5xxvy Trade on a VARA + MiFID II regulated exchange with daily Proof of Reserves and position yourself for the $BACK token airdrop
Referral code 0re5xxvy must be applied during signup — it cannot be added after KYC completion
Our team researches and verifies referral codes and promotions across centralized and decentralized exchanges. We aim to provide accurate, up-to-date information, but promotion terms may change without notice. Always check the official Backpack website for the latest details.
CryptoReferral earns a commission when you sign up through our referral links. This does not affect the information presented — we are transparent about the fact that Backpack does not offer a direct signup bonus or fee discount for new users.
One referral code per account. Code must be applied during signup via the referral link — it cannot be added retroactively after KYC completion. Referral rebates are paid weekly with a 24-month claims window. Benefits are subject to Backpack’s terms and may be modified at the platform’s discretion.
Cryptocurrency trading involves substantial risk of loss. Futures trading with leverage amplifies both gains and losses. Funds held on centralized exchanges carry custodial risk. Airdrop expectations are speculative — while $BACK tokenomics have been published, no TGE date is confirmed and point-to-token conversion rates are unknown. Never invest more than you can afford to lose. This content is for informational purposes only and does not constitute financial advice.
Last Updated: Feb 23, 2026 • CryptoReferral is an independent affiliate site and is not affiliated with, endorsed by, or connected to Backpack.