How does OKEx calculate trading fees?

3 answers

• Jan 05, 2022 · 3 years ago
  Sure! OKEx calculates trading fees based on a tiered fee structure. The fees you pay depend on your 30-day trading volume and OKB holding. The more you trade and the more OKB you hold, the lower your fees will be. You can find the detailed fee schedule on the OKEx website. It's important to note that fees may vary for different trading pairs and may be subject to change based on market conditions.
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• Jan 05, 2022 · 3 years ago
  OKEx uses a maker-taker fee model to calculate trading fees. Makers are traders who add liquidity to the order book by placing limit orders, while takers are traders who remove liquidity by placing market orders. Makers usually pay lower fees than takers. The fee rates for makers and takers are determined by OKEx and can be found on their website. Keep in mind that fees may also be influenced by factors such as VIP level and trading volume.
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• Jan 05, 2022 · 3 years ago
  As an expert in the field, I can tell you that OKEx's fee calculation method is quite transparent. They provide a clear breakdown of the fee structure on their website, so you can easily understand how fees are calculated. The tiered fee system encourages higher trading volumes and OKB holdings, which benefits active traders. Overall, OKEx's fee structure is competitive compared to other major cryptocurrency exchanges.
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