How much handling fee does Dubai OKX charge for selling coins

When selling 1 BTC on OKX Dubai, expect a handling fee of $8 for makers and $16 for takers, based on its 0.02% and 0.04% fees, respectively.

Oct 21, 2024 at 02:42 am

Understanding OKX Coin Selling Fees in Dubai

OKX is a reputable cryptocurrency exchange that allows users to trade a wide range of coins in Dubai. However, before selling any coins on OKX, it's crucial to be aware of the handling fees associated with the transaction.

Handling Fees:

Maker Fee: 0.02% of the total trade value
Taker Fee: 0.04% of the total trade value

Example:

If you sell 1 BTC worth $40,000, the handling fees would be as follows:

Maker Fee: $40,000 x 0.02% = $8
Taker Fee: $40,000 x 0.04% = $16

Factors Affecting Fees:

Trade Amount: Fees increase proportionally with the total trade value.
Market Volatility: During periods of high volatility, fees may be adjusted to manage risk.
Tier Level: OKX users with higher tier levels may qualify for lower fees.

How to Minimize Fees:

Place Limit Orders: Limit orders are considered "maker" orders and incur lower fees.
Increase Trade Volume: Users with higher trade volume may qualify for tier upgrades and receive reduced fees.

Additional Considerations:

The handling fees mentioned above are specific to OKX Dubai.
OKX may charge additional fees for specific coins or trading pairs.
It's always advisable to review the platform's fee schedule and confirm the specific fees before executing any trades.

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