How to calculate the transaction fee of Dubai OKX

To calculate trading fees on Dubai OKX, multiply the order value by the applicable fee rate (e.g., 0.05% maker fee for spot trading).

Oct 20, 2024 at 11:48 pm

How to Calculate Transaction Fees on Dubai OKX

Step 1: Understand the Fee Structure

Dubai OKX charges different fees for different types of orders and assets. Here's a summary:

• Spot Trading: 0.05% maker fee, 0.08% taker fee
• Futures Trading: 0.02% maker fee, 0.04% taker fee
• Options Trading: Varies based on the underlying asset and option type
• Cryptocurrency Deposits: Generally free (except for certain stablecoins)
• Cryptocurrency Withdrawals: Varies based on the asset and withdrawal method

Step 2: Determine Your Order Type

The fee you pay depends on whether you place a maker or taker order.

• Maker Order: An order that adds liquidity to the market by matching an existing order. Maker fees are typically lower.
• Taker Order: An order that takes liquidity from the market by executing immediately. Taker fees are typically higher.

Step 3: Calculate the Trading Fee

To calculate your trading fee, multiply the order value by the applicable fee rate. For example:

• If you place a $1,000 spot trade as a maker, the fee would be $0.05 or $0.50.
• If you place a $5,000 futures trade as a taker, the fee would be $0.04 or $2.00.

Step 4: Add Withdrawal/Deposit Fees (If Applicable)

If you deposit or withdraw cryptocurrency on Dubai OKX, you may be charged an additional fee. These fees vary based on the asset and the withdrawal/deposit method.

Example

Let's say you purchase $1,000 worth of BTC using a credit card on Dubai OKX. You would incur the following fees:

• Spot Trading Fee (0.08% or $0.80)
• Credit Card Deposit Fee (typically 3-4%)

Total Fees: $0.80 + $30-$40 (credit card deposit fee) = $30.80-$40.80

Additional Tips

• Use a VPN to connect to Dubai OKX from a non-Dubai location, where fees are often lower.
• Consider using OTC trading instead of the spot market for larger trades, as OTC fees can be negotiated.
• Check the OKX fee schedule regularly, as fees may change over time.