How much is the transaction fee at Dubai OKX exchange

OKX Dubai's maker fees for spot trading are 0.08%, while taker fees are slightly higher at 0.1%.

Oct 21, 2024 at 04:06 am

Transaction Fees at Dubai OKX Exchange

1. Maker Fees:

   • Spot Trading: 0.08%
   • Futures Trading: 0.02%
   • Perpetual Swaps Trading: 0.03%

2. Taker Fees:

   • Spot Trading: 0.1%
   • Futures Trading: 0.05%
   • Perpetual Swaps Trading: 0.05%

3. Deposit Fees:

   • Fiat Deposits: Free for all currencies
   • Cryptocurrency Deposits: Varies depending on the coin or token

4. Withdrawal Fees:

   • Fiat Withdrawals: Varies depending on the withdrawal method and destination
   • Cryptocurrency Withdrawals: Varies depending on the cryptocurrency and network congestion

Example Transaction Fee Calculations:

• Spot Trade (Maker): Buying 1 BTC (approximately $23,000) with 0.08% maker fee: $18.40 in fees
• Futures Trade (Taker): Selling 100 ETH futures (approximately $10,000) with 0.05% taker fee: $5.00 in fees
• Perpetual Swap Trade (Maker): Opening a $50,000 long position on ETH-USD with 0.03% maker fee: $15.00 in fees

Additional Fees to Consider:

• Network Fees: When withdrawing or depositing cryptocurrencies, the blockchain network may charge transaction fees.
• Spread: The difference between the bid and ask price in spot trading. OKX offers competitive spreads, but they can vary depending on market conditions.
• Funding Fees: In perpetual swaps trading, traders may pay funding fees to keep their positions open, regardless of market movements.

Conclusion:

OKX's transaction fees are generally competitive compared to other leading crypto exchanges. Users should be aware of all fees, including withdrawal fees and network fees, when trading on the platform. OKX also offers a variety of fee rebates and discounts based on trading volume and holding OKB, the exchange's native token.