Can I reduce the fees on OKEx by using certain trading strategies?

3 answers

• Nov 23, 2021 · 3 years ago
  Absolutely! There are several trading strategies you can employ to reduce fees on OKEx. One effective strategy is to use limit orders instead of market orders. By placing limit orders, you have more control over the price at which you buy or sell, which can help you avoid unnecessary fees. Additionally, you can take advantage of OKEx's fee tier system by increasing your trading volume. As your trading volume increases, you become eligible for lower fees. Another strategy is to actively manage your positions and take advantage of market fluctuations. By carefully timing your trades, you can potentially reduce fees by avoiding unfavorable market conditions. Remember to always do your research and stay updated on the latest market trends to make informed trading decisions.
  780390
• Nov 23, 2021 · 3 years ago
  Sure thing! One way to reduce fees on OKEx is to utilize the maker-taker fee model. By placing limit orders that add liquidity to the order book, you become a market maker and are eligible for lower fees. On the other hand, market takers who place orders that remove liquidity from the order book may incur higher fees. Another strategy is to take advantage of OKEx's fee discounts for holding their native token, OKB. By holding OKB in your account, you can enjoy reduced trading fees. Additionally, OKEx occasionally offers fee promotions and discounts, so it's worth keeping an eye out for any ongoing campaigns that can help you save on fees.
  646216
• Nov 23, 2021 · 3 years ago
  Definitely! OKEx offers a fee tier system that rewards high-volume traders with lower fees. As you increase your trading volume, you'll move up the fee tiers and benefit from reduced fees. It's important to note that the fee tiers are based on your trading volume within a 30-day period, so consistent trading activity is key. Additionally, OKEx provides a fee discount program for users who hold a certain amount of OKB tokens. By meeting the required OKB holdings, you can enjoy discounted trading fees. Keep in mind that these strategies are applicable to OKEx specifically, and other exchanges may have different fee structures and strategies for reducing fees.
  665167