What is Backcom? What is Backcom Binance?

Backcom is short for Back Commission, a trading fee rebate program applied by forex and crypto exchanges for traders through the exchange’s IBs (Affiliate Partners).

Backcom Binance is simply the backcom program of the Binance cryptocurrency exchange. With Backcom Binance, traders who are trading on the exchange will be refunded a portion of their trading fees through the IB that the trader is linked to.

If you register to receive Binance backcom via Backcom101.io, traders will receive the maximum backcom rate, up to 40% of trading fees.

For example, a trader buys 1 BTC on Binance, with the current BTC price at 100.000 USDT. The trading fee for a Regular User Tier account (the lowest tier for new traders opening an account) is 0.1%. Thus, the trading fee the trader pays to the exchange is 100 USDT. By registering to receive backcom through Backcom101.io, the trader will be refunded 20% of the fee, meaning 20% of 100 USDT is 20 USDT, so the actual trading fee paid for this BTC buy order is only 80 USDT.

Why should you receive Binance backcom?

Instead of paying up to 100 USDT in trading fees for a 1 BTC buy order, you only pay 80 USDT, saving 20% in fees—by no means a small number. If you trade with large volume, accumulated backcom will be a very large amount of money. That is the most obvious benefit of Binance backcom. With this backcom money, you can reinvest capital to trade or withdraw it at any time.

Moreover, setting up backcom does not affect any other trading issues; it does not affect order matching, prices, or account security, so you can be completely confident setting up backcom.

And most importantly, whether you trade at a profit or a loss, you still receive backcom. Therefore, there is no reason to refuse receiving backcom if you intend to pursue long-term trading.

How to register to receive 20% backcom on Binance trading fees

If you are a new trader and have not traded on Binance yet, you must open a Binance account first, then trade to receive backcom.

Case 1: You don’t have a Binance account yet

Step 1: Click Backcom101.io’s Binance account registration link. When you register an account directly via this link, your account will automatically be linked to Backcom101.io. If you register directly on the exchange’s website, you must add one more step: entering Backcom101.io’s partner code (Partner code: CPA_000Z13CXP1). Therefore, to shorten the account opening process, you should register via the link.

Step 2: On Binance’s homepage, click the Sign Up button.

Step 3: Use your email address or phone number to register a Binance account and follow the other registration steps as instructed.

Step 4: On your Binance personal account page, click the Account icon, then click Verify Now.

Step 5: Prepare your identification documents and complete the verification steps as instructed.

Step 6: Deposit funds into your account and trade to receive Binance backcom at the maximum rate of 20% of trading fees.

If you already have a Binance account and are trading on Binance but have not received backcom, you must open a completely new Binance account—this is the exchange’s policy.

Case 2: You already have a Binance account

Before opening a new Binance account, you must delete the old account. You should not use a relative’s information to open a new account because you may run into deposit/withdrawal issues later.

Step 1: Log in to your Binance personal account.

Step 2: Withdraw all funds from the account to another wallet (if any).

Step 3: On your Binance personal account page, click Settings.

Step 4: Scroll down to the Privacy section. In the Delete account section, click the Delete button.

Step 5: Complete the Delete account steps as instructed.

Step 6: Open a new Binance account following the steps in Case 1.

After successfully opening the new account and completing verification, deposit funds into the account and then start trading to receive Binance backcom.

How the Binance backcom mechanism works

Backcom101.io is currently Binance’s highest-tier partner, so the commission that Backcom101.io receives from the exchange is the highest, and Backcom101.io will refund 100% of this commission to you. Specifically, the backcom rebate rate at Binance is 20% of trading fees for Spot trades and 10% for Futures trades.

And the backcom payout schedule on Binance is as follows:

For Spot trades:

• 20% of trading fees is refunded immediately to the trading account after the order is filled.

For Futures trades:

• 10% of trading fees is refunded to the trading account immediately after the position is closed.