Every centralized exchange charges fees for transactions, and OKX is no exception. This is standard practice, as platforms use these fees to mitigate risks—a fact most investors understand. At OKX, the most common trading activities are spot and contract trading.
For regular users:
Spot trading:
- Maker (limit order) fee: 0.08%
- Taker (market order) fee: 0.1%
Contract trading:
- Maker fee: 0.02%
- Taker fee: 0.05%
Reducing fees is crucial for lowering trading costs and boosting profitability. Below, we outline strategies to save 20% permanently on OKX fees.
1. Registering an OKX Account
To unlock a 20% fee discount:
- Visit the OKX registration page and enter your email.
- Check for the auto-filled invitation code (or manually enter 5).
- Complete email/SMS verification.
- Select "China" as your region and set a secure password.
👉 Register now to claim your 20% fee discount
2. Security Setup
- Log in and navigate to Security Center.
Enable:
- Authenticator app
- Mobile number
- Email verification
These layers protect against unauthorized access.
3. App Download & Identity Verification
For Android:
- Scan the OKX QR code via your browser.
For iOS:
- Use a non-China Apple ID to download the app from the App Store.
Verification steps:
- Select "China" and "ID card" as your document type.
- Upload ID photos and complete facial recognition.
4. Buying/Selling USDT
To buy USDT:
- Go to Buy Crypto > Quick Trade.
- Select USDT, enter amount, and choose "Alipay" for optimal rates.
- Pay the seller and confirm receipt of USDT.
To sell USDT:
- Switch to Sell mode in Quick Trade.
- Select "WeChat Pay" and wait for buyer payment before releasing USDT.
5. Trading Cryptocurrencies
- Transfer USDT from your funding to trading account.
- Search for trading pairs (e.g., BTC/USDT).
- Use market orders for instant buys/sells.
FAQ Section
Q: Can I change my fee discount invitation code later?
A: No—the code applies only during registration.
Q: Is identity verification mandatory?
A: Yes, to comply with anti-money laundering (AML) regulations.
Q: How long do USDT transfers take?
A: Typically under 5 minutes if blockchain congestion is low.
Q: Are there fees for depositing crypto?
A: OKX doesn’t charge deposit fees, but network fees may apply.
Final Tips
- Always verify payment receipts before releasing crypto.
- Diversify trading across spot and contracts to optimize fee structures.
👉 Start trading with reduced fees today
By strategically managing fees, you can enhance profitability while maintaining security. Happy trading!