How does Dubai OKX charge for transactions

OKX offers competitive trading fees with 0% maker fees and low taker fees across spot, margin, futures, and perpetual markets.

Oct 29, 2024 at 02:47 am

How does Dubai OKX charge for transactions

OKX does not charge any transaction fees for trading on the spot, margin, futures, or perpetual markets. This makes it one of the most cost-effective exchanges to trade on, especially for high-volume traders.

Here is a breakdown of the fees charged by OKX:

1. Spot trading: 0% maker fee and 0.05% taker fee
2. Margin trading: 0.03% maker fee and 0.05% taker fee
3. Futures trading: 0% maker fee and 0.03% taker fee
4. Perpetual trading: 0% maker fee and 0.05% taker fee

OKX also offers a VIP program that provides discounts on trading fees. The VIP tiers are based on the amount of OKB (OKX's native token) that you hold. The higher your VIP tier, the lower your trading fees will be.

Here is a table summarizing the VIP tiers and the corresponding trading fee discounts:

VIP Tier	OKB Holding Requirement	Spot Trading Fee Discount	Margin Trading Fee Discount	Futures Trading Fee Discount	Perpetual Trading Fee Discount
VIP 0	0 OKB	0%	0%	0%	0%
VIP 1	50,000 OKB	5%	5%	5%	5%
VIP 2	300,000 OKB	10%	10%	10%	10%
VIP 3	1,000,000 OKB	15%	15%	15%	15%
VIP 4	3,000,000 OKB	20%	20%	20%	20%
VIP 5	10,000,000 OKB	25%	25%	25%	25%

In addition to trading fees, OKX also charges a withdrawal fee for each cryptocurrency that you withdraw from the exchange. The withdrawal fee varies depending on the cryptocurrency that you are withdrawing. You can find a list of the withdrawal fees for each cryptocurrency on the OKX website.

Overall, OKX is a very cost-effective exchange to trade on. The trading fees are low, and there are no fees for deposits or withdrawals. The VIP program also provides discounts on trading fees for high-volume traders.