Why Crypto Exchange Comparison Sites Are Structurally Biased, and How to Read Them Anyway

Every crypto exchange comparison site claims to be independent. Almost none of them are, and the interesting question is not whether they are biased - it is which specific bias each business model produces. If you are opening an account and want the discount before the analysis: my referral code is BBBKK at https://www.binance.com/register?ref=BBBKK - roughly 20% off spot trading fees - and the attribution check described near the end is the step that decides whether it exists. Now the business models, because they determine what the tables say.