How much handling fee does Dubai OKX charge for selling coins

When selling 1 BTC on OKX Dubai, expect a handling fee of $8 for makers and $16 for takers, based on its 0.02% and 0.04% fees, respectively.

Oct 21, 2024 at 02:42 am

Understanding OKX Coin Selling Fees in Dubai

OKX is a reputable cryptocurrency exchange that allows users to trade a wide range of coins in Dubai. However, before selling any coins on OKX, it's crucial to be aware of the handling fees associated with the transaction.

Handling Fees:

1. Maker Fee: 0.02% of the total trade value
2. Taker Fee: 0.04% of the total trade value

Example:

If you sell 1 BTC worth $40,000, the handling fees would be as follows:

• Maker Fee: $40,000 x 0.02% = $8
• Taker Fee: $40,000 x 0.04% = $16

Factors Affecting Fees:

• Trade Amount: Fees increase proportionally with the total trade value.
• Market Volatility: During periods of high volatility, fees may be adjusted to manage risk.
• Tier Level: OKX users with higher tier levels may qualify for lower fees.

How to Minimize Fees:

• Place Limit Orders: Limit orders are considered "maker" orders and incur lower fees.
• Increase Trade Volume: Users with higher trade volume may qualify for tier upgrades and receive reduced fees.

Additional Considerations:

• The handling fees mentioned above are specific to OKX Dubai.
• OKX may charge additional fees for specific coins or trading pairs.
• It's always advisable to review the platform's fee schedule and confirm the specific fees before executing any trades.