Over the last years, the replacement of traditional polymer modifiers with waste plastics has attracted increasing interest. The implementation of such technology would allow a drastic reduction of both production cost and landfill disposal of wastes. Among all, polyethylene-based plastics have been proved suitable for this purpose. The research activities presented in this paper aim to assess the synergistic effect of polyethylene and Fischer–Tropsch waxes on the viscoelastic properties and performance of the bitumen. In order to reduce the blending time, waxes, and polyethylene need to be added simultaneously. In fact, the presence of the waxes reduces the polarity of the bitumen matrix and increases the affinity with the polymer promoting its dispersion. Results demonstrate that the chain length of the waxes, the form of the added waste polyethylene, and the blending protocol have critical effects on the time-evolution of such properties. Short-chain waxes have a detrimental impact on the rutting resistance regardless of the blending protocol. On the contrary, long-chain waxes improve the overall behavior of the polyethylene-modified binders and, in particular, the resistance to permanent deformations.