Does the VIP users of OKX permanent contract enjoy a lower handling fee?

Key Points:

• VIP tiers for OKX permanent contracts offer varying levels of handling fee discounts
• Higher trading volume and cumulative transaction value result in higher VIP tiers
• Benefits and requirements of each VIP tier are clearly outlined
• Eligibility for VIP tiers is subject to monthly evaluation and dynamic changes

Details:

OKX Permanent Contract VIP Tiers and Handling Fee Discounts

OKX, a leading cryptocurrency exchange, offers VIP tiers to traders who engage in perpetual contract trading. These tiers, ranging from Level 1 to Level 5, provide decreasing handling fees as traders ascend through the tiers.

Benefits and Requirements of VIP Tiers

Each VIP tier comes with specific benefits, including reduced handling fees for makers and takers. The requirements to attain each tier are based on the trader's cumulative transaction value and trading volume in permanent contracts during a designated month.

Eligibility and Dynamic Changes

To maintain their VIP status, traders must meet the minimum requirements for their tier each month. Failure to do so may result in a downgrade to a lower tier. Additionally, OKX may adjust the criteria and benefits of VIP tiers over time.

Specifics of Each VIP Tier:

Level 1 VIP

• Minimum cumulative transaction value: $100,000
• Minimum trading volume: 50,000 contracts
• Handling fee discount: 0.005% for makers, 0.025% for takers

Level 2 VIP

• Minimum cumulative transaction value: $200,000
• Minimum trading volume: 100,000 contracts
• Handling fee discount: 0.004% for makers, 0.02% for takers

Level 3 VIP

• Minimum cumulative transaction value: $500,000
• Minimum trading volume: 250,000 contracts
• Handling fee discount: 0.003% for makers, 0.015% for takers

Level 4 VIP

• Minimum cumulative transaction value: $1,000,000
• Minimum trading volume: 500,000 contracts
• Handling fee discount: 0.002% for makers, 0.01% for takers

Level 5 VIP

• Minimum cumulative transaction value: $2,000,000
• Minimum trading volume: 1,000,000 contracts
• Handling fee discount: 0.001% for makers, 0.005% for takers

FAQs:

Q: What are the advantages of becoming an OKX permanent contract VIP user?A: VIP users enjoy lower handling fees, which can save them significant amounts on trading costs.

Q: How do I determine my current VIP tier?A: Your VIP tier is based on your trading activity and cumulative transaction value in the previous month. You can check your tier status in the "VIP Center" section of your OKX account.

Q: Can I maintain my VIP tier if my trading volume decreases?A: No. Your VIP tier is reevaluated each month based on your current trading activity. If you fail to meet the requirements for your tier, you may be downgraded to a lower one.