100 times the handling fee for OuYi Contract

Traders seeking lower trading fees on OuYi Contract can benefit from becoming a maker, holding VIP status, or utilizing discount tokens.

Feb 03, 2025 at 02:42 am

Key Points:

• Benefits and risks of using OuYi Contract
• Trading fee structure of OuYi Contract
• Steps for viewing and reducing handling fees on OuYi Contract

Understanding OuYi Contract

OuYi Contract is a cryptocurrency exchange that offers a wide range of trading options, including perpetual contracts and options. Perpetual contracts are derivatives that track the price of an underlying asset, such as Bitcoin or Ethereum, but never expire. Options contracts give traders the right, but not the obligation, to buy or sell an underlying asset at a specified price within a certain time frame.

Trading Fee Structure

Like other cryptocurrency exchanges, OuYi Contract charges trading fees to its users. The trading fee structure can be complex and may vary depending on factors such as the type of contract being traded, the volume of the trade, and the user's VIP level. Here is a brief overview of the trading fee structure:

• Maker fees: Makers are those who create orders that add liquidity to the market. They receive a rebate on trading fees.
• Taker fees: Takers are those who execute orders that immediately remove liquidity from the market. They pay a fee to the exchange.
• VIP levels: Users who have higher trading volumes or hold larger amounts of the exchange's native token may qualify for lower trading fees.

Viewing and Reducing Handling Fees

The handling fee on OuYi Contract refers to a small fee that is charged to traders on each executed order. This fee is typically a percentage of the order's execution price. To view and potentially reduce handling fees:

• Check VIP status: Higher VIP levels may come with lower handling fees.
• Trade as a maker: As previously mentioned, makers receive a rebate on trading fees, which can effectively reduce handling fees.
• Use discount tokens: Some exchanges offer discount tokens that can be used to pay for trading fees, including handling fees.
• Increase trading volume: Trading larger volumes can qualify you for lower handling fees.

Steps for Reducing Handling Fees

1. Choose the right trading pair: Trading pairs with higher liquidity will generally have lower handling fees.
2. Use a lower leverage: Trading with higher leverage increases the potential risk of liquidations, which can also incur handling fees.
3. Focus on large orders: Placing larger orders can help you qualify for lower handling fees.
4. Avoid trading during times of high market volatility: Market volatility can drive up handling fees.

FAQs

• What are the benefits of using OuYi Contract?

  • Offers perpetual contracts and options contracts
  • Provides a user-friendly trading interface
  • High liquidity for major cryptocurrencies

• What are the risks of using OuYi Contract?

  • Cryptocurrencies can be volatile and subject to large price swings
  • Trading contracts can be complex and risky
  • The exchange may experience occasional downtime or security breaches

• How do I contact OuYi Contract support?

  • You can submit a ticket via the exchange's website or contact them on social media platforms

• Can I use my credit card to buy cryptocurrency on OuYi Contract?

  • No, OuYi Contract does not accept credit cards for purchasing cryptocurrency