How To Use Mudrex App Updated Referral Code "DUB5X239" Get 10% Discount On Trading Fees

If you are planning to start your cryptocurrency trading journey on a regulated platform, Mudrex offers a way to lower your trading costs from day one. By using the updated referral code DUB5X239 during signup, new users can receive a 10% discount on trading fees. This article provides a complete step-by-step guide based on the latest available information.

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What is Mudrex?

Mudrex is a regulated cryptocurrency investment platform that allows users to buy, sell, and trade cryptocurrencies including Bitcoin, Ethereum, and various altcoins. The platform is registered as a Virtual Asset Service Provider (VASP) and supports INR deposits and withdrawals via UPI and bank transfers, making it convenient for Indian investors. Mudrex is backed by Y-Combinator and offers features like automated investment strategies, the Mudrex Alpha Program for volume-based fee discounts, and a referral program that rewards both referrers and new users .

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Benefits of Using Referral Code "DUB5X239"

By applying the referral code DUB5X239 during registration, you unlock the following benefits :

Benefit	Details
Trading Fee Discount	10% reduction on applicable trading fees
Eligibility	Valid exclusively for new Mudrex users
Platform	Works on Mudrex mobile app and website
When to Apply	During signup (cannot be added later)

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Understanding Mudrex's Trading Fee Structure

To understand the value of a 10% discount, here is Mudrex's standard fee structure for spot trading (base tier, before volume-based discounts) :

Fee Type	Standard Rate
Spot Maker Fee	0.45%
Spot Taker Fee	0.45%
Futures Maker Fee	0.05%
Futures Taker Fee	0.05%
Fiat Deposit	Free
Fiat Withdrawal	Free
Crypto Withdrawal	2% (min $0.5)

The 10% discount from the referral code would reduce spot fees from 0.45% to approximately 0.405% .

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Additional Ways to Save on Trading Fees

Mudrex offers several other ways to reduce trading fees beyond the referral code:

1. Mudrex Alpha Program (Volume-Based Discounts)

Your trading fees decrease automatically based on your 30-day trading volume. The more you trade, the lower your fees :

Tier	Spot Volume (30-day INR)	Spot Fee	Futures Volume (30-day USDT)	Futures Fee
Non-Alpha	< ₹2,00,000	0.45%	< $500K	0.050%
Alpha 1	₹2L - ₹10L	0.42%	$500K - $2M	0.048%
Alpha 2	₹10L - ₹75L	0.25%	$2M - $5M	0.0465%
Alpha 3	₹75L - ₹5Cr	0.22%	$5M - $20M	0.045%
Alpha 4	₹5Cr - ₹20Cr	0.17%	$20M - $50M	0.040%
Alpha 5	₹20Cr - ₹50Cr	0.15%	$50M - $250M	0.035%
Alpha 6	> ₹50Cr	0.12%	> $250M	0.030%

2. Zero-Fee Promotional Events

Mudrex occasionally runs limited-time promotions. For example, on April 5, 2026, all Bitcoin spot buy trades had zero trading fees . These events are announced on the Mudrex blog.

3. Referral Commissions (After You Sign Up)

After you join using code DUB5X239, you can earn by referring others. When your referred friends trade, you earn :

• 50% commission in USDT on their spot trading fees for the first year
• 30% commission after the first year for as long as they trade

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Step-by-Step Guide to Use Referral Code "DUB5X239"

Follow these steps carefully to claim your 10% trading fee discount :

Step 1: Download the Mudrex App
Visit the Google Play Store (Android) or Apple App Store (iOS) and search for "Mudrex." Download and install the official application.

Step 2: Create a New Account
Open the app and tap on "Sign Up" or "Create Account." Register using your mobile number or email address. Verify your contact information using the OTP sent to your registered device.

Step 3: Enter the Referral Code
During the registration process, locate the field labeled "Referral Code" or "Invite Code." Carefully type or paste DUB5X239 into this box. This is the most critical step—entering the code correctly ensures your 10% trading fee discount is activated .

Important: The referral code must be entered during signup and cannot be added after account creation.

Step 4: Complete KYC Verification
To activate your account and become eligible for trading, complete the mandatory Know Your Customer (KYC) process. Upload the following documents:

• PAN card (mandatory for Indian users)
• Aadhaar card
• A live photo or selfie for verification

The process is fully digital and typically takes a few minutes to a few hours for approval.

Step 5: Deposit Funds
Once your KYC is approved, go to the "Funds" or "Wallet" section and deposit funds into your Mudrex wallet. The platform supports deposits via UPI, net banking, and bank transfers with zero deposit fees .

**Step 6: Start Trad