Does OKX Charge Fees? How to Save 20% on Trading Fees Permanently

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Cryptocurrency trading has become increasingly accessible, and platforms like OKX play a central role in enabling seamless digital asset exchanges. One of the most common questions new traders ask is: Does OKX charge fees? The short answer is yes — like all major centralized exchanges, OKX applies trading fees for services such as spot and futures trading. However, there are smart, legitimate ways to reduce these costs and improve your overall profitability.

In this guide, we’ll break down OKX’s fee structure, explain how you can permanently save 20% on trading fees, and walk you through essential steps like account registration, security setup, identity verification, and executing your first trade — all while optimizing for cost-efficiency.

Understanding OKX Trading Fees

Before diving into savings strategies, it's crucial to understand how OKX charges fees. These are primarily categorized by trading type (spot or contract) and order type (maker or taker).

Spot Trading Fees

Futures/Contract Trading Fees

While these percentages may seem small, they accumulate quickly with frequent trading. Reducing them even slightly can significantly impact long-term returns.

👉 Discover how to cut your trading fees by 20% instantly — start saving on every trade today.

How to Permanently Save 20% on OKX Fees

The most effective way to reduce your trading costs on OKX is through a referral-based fee discount. By registering via a qualified referral link, users can lock in a permanent 20% reduction on all trading fees — both maker and taker — across spot, margin, and futures markets.

This isn’t a time-limited promotion; it’s a lasting benefit that compounds over time. Every trade you make will cost less, improving your net gains without changing your strategy.

💡 Pro Tip: The discount applies automatically once you register using the correct referral code. Make sure the system recognizes your registration path to ensure eligibility.*

Step-by-Step: Registering Your OKX Account

Follow these steps to create a secure and fully functional OKX account with reduced fees.

1. Access the Registration Page

Click a trusted referral link that includes the discount code (e.g., 41322075). This ensures your 20% fee reduction is applied at the account level.

2. Enter Email and Verify

Input a valid email address. A 6-digit verification code will be sent — enter it to proceed.

3. Add Phone Number

Select country code +86 (for China) and input your mobile number. Confirm with the OTP sent via SMS.

4. Set a Strong Password

Create a password meeting these criteria:

Click “Next” to complete registration.

Securing Your OKX Account

Security should never be an afterthought. After logging in:

  1. Navigate to Security Center via your profile icon.

  2. Enable the following:

    • Email Verification
    • Phone Verification
    • Two-Factor Authentication (2FA) using an authenticator app (e.g., Google Authenticator)

These layers protect against unauthorized access and are essential for safeguarding funds.

👉 Secure your account now and start trading with confidence — reduce fees while boosting protection.

Downloading the OKX App & Completing KYC

To trade cryptocurrencies, you must complete Know Your Customer (KYC) verification. This process is mobile-only.

For Android Users

Scan the official QR code on the OKX website using your browser to download the APK securely.

For iOS Users

Switch to a non-Chinese Apple ID (e.g., U.S., Japan) to access the App Store version of OKX. Alternatively, purchase a verified foreign Apple ID if needed.

Once installed:

  1. Log in to your account.
  2. Tap Verify Now > Start Verification.
  3. Select China as residence and ID Card as document type.
  4. Manually enter your name and ID number.
  5. Upload clear photos of both sides of your ID.
  6. Complete facial recognition — ensure good lighting and remove obstructions.

Approval typically takes minutes.

Buying and Selling USDT with CNY

With KYC complete, you can begin fiat-to-crypto transactions using CNY.

Buying USDT

  1. Tap Buy Crypto > Quick Buy.
  2. Choose USDT, enter amount.
  3. Click Select Payment Method > pick the best rate (e.g., Alipay).
  4. Review order, click Buy USDT.
  5. Follow payment instructions within the time limit.
  6. After paying, click I have paid, then wait for USDT to arrive in your wallet.

Selling USDT for CNY

  1. Go to Buy Crypto > Quick Sell.
  2. Select USDT, enter quantity.
  3. Choose payout method (e.g., WeChat Pay).
  4. Confirm sale and wait for buyer’s payment.
  5. Only click I have received payment after confirming funds are in your account.
⚠️ Never release coins before receiving funds — doing so risks irreversible loss.

Executing Your First Cryptocurrency Trade

Now that you have USDT, it’s time to trade major assets like Bitcoin (BTC).

Transfer Funds to Trading Account

  1. Tap Transfer.
  2. Move USDT from Funding Account to Trading Account.
  3. Confirm transfer.

Trade BTC/USDT Pair

  1. Tap Trade > select Spot Trading.
  2. Search “BTC/USDT”.
  3. To buy: Click Buy BTC, choose Market Order, enter amount, then confirm.
  4. To sell: Click Sell BTC, set amount to max if desired, and execute.

Your trades execute instantly, and holdings appear in your portfolio.

Frequently Asked Questions (FAQs)

Q: Are OKX fees high compared to other exchanges?

A: OKX fees are competitive. With the 20% discount, maker fees drop to just 0.064% for spot trades — among the lowest in the industry.

Q: Is the 20% fee discount permanent?

A: Yes, when activated through a valid referral link during registration, the discount applies indefinitely to all trading activities.

Q: Can I change my referral code after registration?

A: No — the fee discount must be applied at sign-up. Always use the correct link before creating your account.

Q: Do I need KYC to trade on OKX?

A: Yes, KYC is required for fiat deposits, withdrawals, and full trading access on regulated products.

Q: What happens if I don’t verify my identity?

A: You’ll face severe limitations on deposit/withdrawal amounts and won’t be able to use P2P or advanced trading features.

Q: Is it safe to use third-party Apple IDs for downloading OKX?

A: Only use reputable sources when purchasing foreign Apple IDs. Better yet, create one yourself using official guides to avoid account bans.

👉 Start trading smarter — unlock lower fees, faster execution, and enhanced security today.

Final Thoughts

Trading success isn’t just about timing the market — it’s also about minimizing costs. On platforms like OKX, even small reductions in transaction fees can boost profitability over time. By understanding the fee structure and leveraging the permanent 20% discount through proper registration, you position yourself for more efficient and sustainable trading.

Remember: always prioritize security, verify your identity early, and use trusted methods for funding and withdrawals.

Whether you're trading Bitcoin, Ethereum, or altcoins, every decision counts — including how much you pay in fees.

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