OKX Fees | Discount Methods | How to Check | Futures | Leverage
In this blog post, we will look at OKX's fees, discount methods, verification procedures, futures trading, and leverage. To maximize profits in cryptocurrency trading, fee management is very important, not just at the time of trading. OKX has different fee structures for spot trading, futures trading, and leverage trading, and especially in the case of futures trading or high leverage, the impact of fees on profits can be even greater. In this article, we will clearly organize OKX's fee structure, learn about fee discount methods and how to check them, and look in detail at fee-related issues to be aware of when trading futures and leverage.
OKX Fee Discount Methods
You will be provided with a basic fee discount if you sign up through the link below.
In addition, VIP Level 1 will be granted if any of the following conditions are met.
1. Spot holdings (1 month): 100,000 USDT or more
2. Spot trading volume (1 month): 5,000,000 USDT or more
3. Futures trading volume (1 month): 50,000,000 USDT or more
After signing up for the OKX exchange and going up to VIP level 1, you can receive a discount of about 50% on the existing fees.
To become VIP level 1, you must either have assets of $100,000 or more as of the previous day, or have a spot trading volume of $5 million or more in the last 30 days, or have a futures trading volume of $50 million or more. In summary, starting from VIP Level 1, fee discounts are provided for all products, and you can trade at a rate of up to 50% off the base fee.
OKX Fees
Now, let's take a look at the fee structure of the OKX exchange. We will proceed with the posting in the order of spot fees, futures fees, leverage fees, and withdrawal fees.
1. Spot Fees
OKX's spot fee is 0.08% for maker and 0.1% for taker.
2. Futures Fees
OKX's futures fee is 0.02% for maker and 0.05% for taker.
3. Leverage Fees
This is the content when signing up with a fee discount code for basic users.
4. Withdrawal Fees
The table below shows the withdrawal fees for the most frequently withdrawn coins. Although there may be some fluctuations, withdrawals are generally possible within $1.
How to Check OKX Fees
The fees displayed do not change even if you sign up for OKX with a discount link. This is because the fee is paid first and then refunded by the discount rate. Therefore, we will check how much refund is made through direct trading. We will buy and sell about $50 worth of coins in the XRP/USDT spot market. Then the total amount will be $100.
Now, after about an hour, enter Assets → My Assets and scroll down.
Then, you can check the refunded amount as shown below.
