BitWell Referral Policy Upgrade (02.03.2021)

Dear users.

BitWell is going to upgrade the referral program from now on. Invite your friends to register and trade on BitWell, the inviter and the invitee can share up to 40% of the trading referral commissions.

New Referral Discount

The referral ratio for each product line are as follows:

ProductMaximum rate
Spot40%
Options30%
Perpetual30%
Savings20%
  • Invitees can set their own commission percentage and the invitee’s commission discount percentage by themselves, and share after setting.
  • For example, if the maximum referral percentage of spot is 40% off, the inviter can set their own commission percentage to 32% off and the invitee’s rebate commission discount to 8% off, or other settings according to their needs.
  • The referral for spot, options and perpetual is calculated based on the actual commission generated by the invitee for each trade; the referral for Savings is calculated based on the financial reward received by the invitee on the previous day.
  • Both referral commissions and trading fee discounts are valid for 365 days from the invitee’s registration time.

Old Invitation Code Upgrade

For the old invitation codes generated before the new upgrade is launched, the platform will carry out a unified upgrade. The upgrade will only take effect for new invitations generated after the launch, the historical invitation data will not be affected, and the original invitation codes can continue to be used.

After upgrading, the commission referral ratio and transaction fee discount will be adjusted automatically, in accordance with the original ones.

The rule is valid for 365 days, after the expiration, the product line will automatically adjust to the general ratio.

Bitwell is recruiting well partners and can enjoy 50%-80% referral commission. Please check the relevant announcement and consult customer service for more details.

Other Rules Descriptions:

  • Referral Commissions and rebate commissions are calculated order bu order and distributed on a daily basis, and are completed at 08:00 AM-10:00 AM daily in UTC time.
  • The settlement assets type of the referral are the same as the fees generated by the actual tradings of the invitee.
  • Invitees must use the exclusive referral link / QR code to register in order to enjoy the commission discount, if invitee directly enter inviter’s UID when registering, they will not be able to enjoy the discount. (The referral code is different from the Account UID )
  • There is no limit to the number of friends that can be invited to a single account.

BitWell will subsequently adjust the referral percentage according to the actual situation and reserves the right to adjust the rules.

BitWell does not allow any user to self-invite through multiple accounts; once this behavior is confirmed, all referral will be cancelled and the fee discount for the invited account will be cancelled as well.

BitWell Team
2021/02/03



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