OKX Fees on Perpetual Swaps- Perpetual swaps have similar fees to normal Futures. VIP users have slightly higher taker fees and higher maker rebates. Quite good actually, OKX fees are among the lowest in the industry, so no need to worry about breaking the bank here. Of course, trading fees will differ according to your trading tier, what the instrument is, and how many OKB tokens you hold in your account. OKX is a leader in Web3 innovation and is a fantastic cryptocurrency exchange, supporting hundreds of altcoins and offering the ability to buy crypto with Visa, bank transfer, MasterCard, and Apple Pay.
One last important note is that there are no maker fees for any U.S. When a user submits a bid that can’t be filled right away, they add liquidity and pay lower fees as a maker. If a user places an immediate order at the current market price, they’re a taker and must pay more to compensate for the liquidity they’re removing. At the time of the report, OKX had been the largest international cryptocurrency exchange by market cap. The price graphs of popular pairs look a lot more realistic now, with no too-pretty sine waves. This suggests that wash trading has been dialed back, but it still makes us a lot more hesitant to recommend OKX.
Trading & Fees
If you set the fee higher, your transaction will process faster, while if you give yourself a discount, you’ll have to wait. It’s slightly better than what you’ll currently get from Binance (see our Binance review for details) but far from an ideal system. Other than email and login, OKX provides a multitude of security layers on the platform. What’s neat about the fee tier structure is that it highlights which one you’re on, so you know exactly what fees you will be paying.
Keep in mind that instantaneous conversion does not apply to fiat currency, though you can convert from crypto to stablecoins and vice versa. The absolute simplest way to trade crypto on OKX is by converting one currency into another for no charge. If you think one currency is likely to do better than another, you can instantaneously https://www.tokenexus.com/okex-exchange-review/ convert it to another coin at market rates. OKX supports conversions between all cryptocurrencies and stablecoins on the exchange. He unexpectedly discovered that pairs on OKX demonstrated vastly more slippage than the same pairs on other exchanges, even though a greater trading volume should have insulated it from massive swings.
I have BTC they will not allow me to…
Binance currently has more than 130 cryptocurrencies listed on its futures market, so there is likely something of interest for most futures traders. Binance has one of the best selections of cryptocurrency assets to offer its customers, falling behind only to KuCoin and Gate.io. It currently has over 400 cryptocurrencies in the spot market and nearly 500 tradable assets across all markets, similar numbers to OKX. Binance is the world’s largest cryptocurrency exchange in terms of traded volume.
