OKX is a leading cryptocurrency exchange with a competitive fee structure designed to accommodate traders of all volumes. The fees for various trading services include spot, futures, options, and margin trading. Understanding the maker-taker model is essential, as it impacts the fees applied to different trading activities.
Makers, who add liquidity to the market, and takers, who execute orders at the current market price, are subjected to different fee levels. The fee structure incentivises high-volume traders by offering them lower fees. Both regular and VIP users can benefit from this tiered fee system, with the latter having further reductions.
Key Takeaways
- OKX offers a competitive, tiered fee structure for various trading services.
- The maker-taker model plays a significant role in determining trading fees.
- High-volume traders enjoy lower fees and incentives in OKX’s system.
Spot Trading Fees
OKX offers a competitive spot trading fee structure for its users, starting with maker fees at 0.08% and taker fees at 0.10%. The fees are influenced by factors such as trading volume, OKB holdings, trading pair, and market role (maker or taker). For example, higher trading volumes or OKB holdings may lead to reduced fees.
- Maker Fee: 0.08%
- Taker Fee: 0.10%
Futures Trading Fees
Futures trading on OKX employs a similar fee structure, which depends on user’s trading volume, OKB holdings, and their VIP level. To access lower fees, increasing your trading volume and OKB holdings is recommended. More details on futures trading fees can be found on the official OKX website.
Note: Fee structures are subject to change, so it’s always best to check the OKX website for the most up-to-date information.
Fee Levels
Regular User Rates
For regular users, the fee tiers depend on their total OKB holdings. The fees vary between the trading pairs, OKB holdings, trading volume, and your role as a maker or taker in the transaction. Here’s a breakdown of the fee structure for regular users:
VIP Levels
At OKX, VIP users enjoy reduced trading fees. VIP status is determined by your 30-day trading volume and daily asset balance.
OKX Fee Discounts and Rebates
Fee Discounts
At OKX, you can benefit from fee discounts through various means. One common method is by achieving a higher trading volume. As your trading volume increases, your fee tier improves, leading to a reduction in trading fees.
Holding OKB Token Rebates
Another way to receive rebates on OKX trading fees is by holding OKB tokens, which offers several benefits. Holding a certain amount of OKB tokens will enable you to access specific fee tiers, which ultimately results in lower fees for your trades. Additionally, utilizing the OKX Rebate Card can further contribute to receiving rebates on incurred trading fees. See our OKX review for all benefits of using OKX.
Special Trading Events
Trading Competitions
OKX occasionally holds trading competitions, allowing users to showcase their trading skills. Competitors have a chance to win prizes and rewards based on their performance.
Zero Fee Promotions
From time to time, OKX offers zero-fee promotions for specific trading pairs or products. During these events, you can trade without incurring any fees, potentially increasing your profits.
Deposit and Withdrawal Fees
At OKX, deposit fees are generally minimal or non-existent. You’ll find that for most cryptocurrencies, depositing is free of charge. However, it’s essential to keep an eye on the specific fees for the currency you’re depositing.
When making a withdrawal, the fees vary depending on the cryptocurrency. For instance:
- Bitcoin (BTC) withdrawal fee: 0.00003 BTC.
- Ethereum (ETH) withdrawal fee: 0.0008 ETH.
- Solana (SOL) withdrawal fee: 0.008 SOL.
- USDT (ERC-20) withdrawal fee: 3.8 USDT.
You may refer to the OKX Deposit Options & OKX Withdrawal Limits pages for detailed information on each crypto’s fees and requirements.
In addition to crypto-based fees, there are different withdrawal options for certain fiat currencies. Some examples can be seen in markets like Europe and Brazil.
European market:
- SEPA (EUR) deposit & withdrawal fees: No fee*.
- Minimum deposit & withdrawal: €1.
- Processing time: Instant, and up to 2 business days*.
Brazilian market:
- Pix (BRL) deposit & withdrawal fee: No fee*.
- Minimum deposit & withdrawal: R$10.
- Processing time: Instant.
*Note that some exceptions might apply, so checking the fee structure for your specific currency prior to initiating a deposit or withdrawal transaction is always recommended.
