SHARK EXCHANGE REFERRAL GUIDE

Shark Exchange Referral Code UDK557: What the Official Terms Say

The Shark Exchange referral code featured on this page is UDK557. The BestPickRadar team obtained it directly from a logged-in Shark Exchange account. The matching referral link is https://sharkapp.app.link/W5RzjVcqF6b.

What the official terms say: Shark Exchange's official referral program states that eligible referred users can receive a 10% trading-fee discount.

What they don't settle: Shark's own sources disagree on how long that discount lasts. Its referral page describes one month, while its current Terms state two months. Because the provider's sources conflict, BestPickRadar does not present either duration as settled.

For other providers, see our coupon and referral code directory.

Verification Snapshot

Shark Exchange Referral Verification Snapshot

Three things are checked separately here: the code's source is confirmed, the 10% benefit is confirmed at program level, and the exact duration is not locked.

Code source confirmed

Referral code
UDK557
Code source
Confirmed: obtained through a logged-in Shark Exchange account
Official referral program
Verified
Referral URL
https://sharkapp.app.link/W5RzjVcqF6b

Program benefit verified

Program-level referred-user benefit
Verified: 10% trading-fee discount
KYC
Required
Age
18+
Residency / market
India

Duration conflict

Discount duration
Not locked: official sources conflict, 1 month vs 2 months
Referral program on options
Not applicable, according to current Terms

Step by Step

How to Use Shark Exchange Referral Code UDK557

  1. 1

    Open the referral link

    Open the Shark Exchange referral link: https://sharkapp.app.link/W5RzjVcqF6b

  2. 2

    Begin registration

    Begin account registration or onboarding.

  3. 3

    Confirm the referral field

    If the current interface shows a referral field, confirm that UDK557 appears there, or enter it.

  4. 4

    Complete signup and KYC

    Complete Shark Exchange's required signup and KYC steps.

  5. 5

    Review the referral benefit

    Review the referral benefit shown in the current Shark interface.

  6. 6

    Check the duration before trading

    Check the discount duration that applies before trading, because Shark's official sources currently differ.

  7. 7

    Review fees, terms and risk

    Review the current fees, terms and risk disclosures before using any derivatives product.

You do not need to deposit funds or place a trade just to check whether the referral code appears. The Shark Exchange app and website can change, so follow the current on-screen steps.

Benefit Status

What Benefit Does Shark Exchange Referral Code UDK557 Provide?

The 10% referred-user discount. Shark Exchange's official referral materials state that eligible referred users can receive a 10% trading-fee discount. BestPickRadar treats this as verified at program level.

The duration conflict. Shark's official sources currently disagree on how long the discount lasts:

Referral / homepage information

First 1 month

Current Terms & Conditions

First 2 months

BestPickRadar will not choose one while Shark's own materials disagree. Check the duration shown on the signup screen and in the Terms on the day you register.

Some referral pages advertise permanent discounts. BestPickRadar could not support a lifetime discount from Shark Exchange's current official terms.

The referrer's 20% commission is separate. Shark's program also describes a 20% commission for the referrer on qualifying referred-user trading fees. This is the referrer's benefit. It is not a 20% discount for you.

Options are excluded. According to Shark Exchange's current Terms, the referral program does not apply to options trading.

Platform Context

What Is Shark Exchange?

Shark Exchange is an India-focused cryptocurrency derivatives trading platform. Its official materials cover crypto perpetual futures and options. The platform is operated by Lightningnodes Technologies Private Limited.

This page covers the referral code and its terms only. It is not a platform review or a guide to derivatives trading.

Account & Costs

KYC, Trading Fees and Referral Eligibility

KYC

Shark Exchange requires identity verification. Its official materials reference checks such as:

  • Aadhaar
  • PAN
  • Date of birth
  • Live-selfie verification

Shark Exchange states that an account is activated only after successful completion of its KYC requirements.

Trading fees

Shark's current standard futures fees are:

  • Maker fee: 0.016%
  • Taker fee: 0.040%
  • GST: 18%, applied separately to maker and taker fees

These are standard rates before any referral discount. BestPickRadar does not list options fees, because Shark's official materials have shown conflicting figures.

Referral eligibility

  • The referral program applies under Shark's current terms.
  • The 10% referred-user fee benefit is stated at program level.
  • Its duration currently conflicts across Shark's official sources.
  • Options trading is excluded from the referral program under the current Terms.

Before You Use Shark Exchange

India Eligibility, FIU Context and Derivatives Risk

India eligibility

Shark Exchange currently limits access to eligible users in India, subject to its KYC, residency and account requirements. Individual users must be at least 18 years old and legally capable. Shark's current KYC policy treats jurisdictions outside India as restricted.

FIU context

Shark Exchange states that it is operated by Lightningnodes Technologies Private Limited (CIN U62099GJ2023PTC143842). A March 2026 Government of India annex separately lists Lightningnodes Technologies Private Limited among virtual digital asset (VDA) service providers registered with FIU-India as reporting entities, under the trade name pi42. The government annex does not separately list Shark Exchange by name.

FIU reporting-entity registration concerns anti-money-laundering and counter-terrorist-financing (AML/CFT) obligations. It should not be interpreted as:

  • Government approval or a financial-services licence
  • Investment protection
  • Endorsement by the RBI or SEBI

Derivatives risk

Cryptocurrency derivatives can involve substantial risk and losses, as Shark Exchange's own risk materials state. Review Shark Exchange's current product, fee, KYC and risk terms before trading. This page is not investment advice.

Common Questions

Frequently Asked Questions

Quick answers about referral code UDK557, the duration conflict, KYC and India eligibility.

What is the Shark Exchange referral code?

The Shark Exchange referral code on this page is UDK557. The BestPickRadar team obtained it directly from a logged-in Shark Exchange account. You can use it through the referral link https://sharkapp.app.link/W5RzjVcqF6b, or check that it appears in the referral field during signup.

What benefit does referral code UDK557 provide?

Shark Exchange's referral program states that eligible referred users can receive a 10% trading-fee discount. The duration differs across Shark's official sources. According to the current Terms, the program does not apply to options trading. The separate 20% commission goes to the referrer and is not a user discount.

How long does the Shark Exchange 10% referral discount last?

Shark's official sources currently conflict. Its referral page describes one month, while its current Terms state two months. BestPickRadar does not choose either figure while the provider's own materials disagree. Check the duration shown on the signup screen and in the Terms when you join.

Where do I enter Shark Exchange referral code UDK557?

Open the referral link and start registration. If the current interface shows a referral field, confirm that it displays UDK557, or enter the code there. The signup flow can change, so follow the on-screen steps and review the referral benefit shown before you trade.

Does Shark Exchange require KYC?

Yes. Shark Exchange requires identity verification. Its official materials reference checks such as Aadhaar, PAN, date of birth and live-selfie verification. Shark's current Terms state that an account is activated only after successful completion of the required KYC verification.

Is Shark Exchange available outside India?

Shark Exchange's current materials limit eligibility to users in India. Its KYC policy treats jurisdictions outside India as restricted. Individual users must be at least 18, legally capable, and meet Shark's residency and account requirements. BestPickRadar does not describe the platform as globally available.

Does the Shark Exchange referral discount apply to options trading?

No. According to Shark Exchange's current Terms, the referral program does not apply to options trading. Do not expect the 10% referred-user discount on options trades.

Is Shark Exchange FIU registered or government approved?

Shark Exchange states that it is operated by Lightningnodes Technologies Private Limited. A March 2026 Government of India annex lists Lightningnodes Technologies Private Limited among FIU-India registered VDA service providers/reporting entities, under the trade name pi42. The annex does not separately list Shark Exchange by name. FIU reporting-entity registration relates to AML/CFT obligations and is not government approval, a financial-services licence, investment protection, or RBI/SEBI endorsement.

Verification

Official Sources, Verification Date & Referral Disclosure

How this page was checked: The BestPickRadar team obtained referral code UDK557 through a logged-in Shark Exchange account. BestPickRadar also reviewed Shark Exchange's current official referral, legal, KYC, fee and risk information. Shark's official sources currently conflict on whether the 10% referred-user discount lasts one month or two months. BestPickRadar reports that conflict rather than choosing a duration it cannot support.

Verified onOctober 13, 2026

Official sources

Shark Exchange

Government of India

Referral disclosure

This page contains a Shark Exchange referral link and code. BestPickRadar may receive a referral benefit if an eligible user signs up or trades through the referral relationship. Trading fees still apply. Referral compensation does not determine what BestPickRadar reports as verified, conflicting or unverified.

Risk reminder: Cryptocurrency derivatives can involve substantial risk and losses. Review Shark Exchange's current terms, fees and risk disclosures before trading.