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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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