OKX Exchange Review: Fee explanation & comparison vs. other exchanges

Описание: Does OKX have cheap fees? In this video, we review the spot & futures +maker & taker trading fees at OKX, compare the OKX fees to other exchanges and analyse for which traders Kraken is especially attractive.

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👉Maker vs. Taker Tutorial:    • Maker vs. Taker trades: Explanation, diffe...  

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OKX applies a tiered fee structure both for spot and futures trading, meaning that the higher you rise in the tiers, both your maker and taker fees decrease. Therefore, it is desirable to rise in the tiers, so let’s have a look what type of requirements you have to fulfill to rise in those tiers. OKX gives you 3 options to rise in the tier levels, which are holding of the OKB token, the asset balance on your account, or your trading volume. The OKB holding and asset balance are the same for both spot and futures trading.
OKX in total has 13 tier levels, which are named level 1-5 and VIP 1-8. By holding the OKB, you can climb from level 1 to 5, while based in the assets you hold, you can reach up to tier VIP 5. When in VIP 5, you are in tier level 10. Level 1-5 apply to traders which have less than 100k USD in balance on their account and have less than 10 mio US Dollar spot trading volume or 50 mio USD futures volume in the last 30 days. As a completely new trader at OKX, you will start of in tier 1, giving you spot fees of 0.08% for maker and 0.1% for taker trades. If you are not aware of the difference for maker and taker trades and why they are charged differently, we have made a dedicated video for this. I’ll link it up here and also put it down below in the description. All the important links for everything shown throughout the video can be found down below in the description.

So who is well off at OKX in terms of trading fees? Low volume spot traders, so volumes below 1 million monthly spot volume have quite attractive fees at OKX. Moreover, very large volume traders both in spot + futures trading, especially traders with a large share of maker trades find attractive trading fees at OKX. On the other hand, medium volume traders both in spot + futures are paying significantly more in fees at OKX compared to other exchanges. Overall, OKX has average trading fees compared to other exchanges, with some sweetspots for low spot + very large volume spot and futures traders.

00:00 Introduction
01:04 OKX tier levels requirements
02:25 Spot trading fees overview
05:27 Futures trading fees overview
07:56 OKX fees vs. other exchanges overview
10:19 Detailed fee comparison
13:09 Who is best off at OKX?

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As always when dealing with cryptocurrencies and trading, please make sure to do your own research and take the required time to process and execute. The information in this video may be outdated.

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HIGH RISK WARNING: Foreign exchange, cryptocurrencies, and other CFD trading carries a high level of risk and may not be suitable for everyone. The usage of leverage creates additional risk and loss exposure. Your investment objectives, experience level and risk tolerance have to be taken into consideration before you decide to trade foreign exchange, cryptocurrencies, or other CFD products. You could lose some or all of your entire investment. Do not invest money that you cannot afford to lose and always use an appropriate risk management. It’s important to educate yourself on the risks associated with foreign exchange trading, and seek professional advice from an independent financial or tax advisor in case of any questions. Any data and information is provided ‘as is’ solely for informational purposes, and is not intended for trading purposes or advice. Past performance, including fees, which are presented on this website or you find somewhere else, is not indicative of future results.