OKX Referral Code

OKX Referral Code: 66641920. It is the most used referral code in the world, valid for life, with the highest discount rate. All information about OKX Cryptocurrency exchange is here.

OKX Referral Code: 66641920. It is the most used referral code in the world, valid for life, with the highest discount rate.

Founded in 2017, OKX is a Seychelles-registered cryptocurrency exchange that adopts blockchain technology to build the next-generation financial ecosystem. We provide the latest trading services for hundreds of diverse crypto assets.

OKX is an innovative cryptocurrency exchange with advanced financial services. We rely on blockchain technology to provide everything you need for wise trading and investment.

Enjoy hundreds of tokens and trading pairs. With OKX, you can join one of the leading crypto exchanges by trading volume. We’re serving millions of users in over 100 countries. We’re providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services.

Vision

Crypto will re-shape our money, our financial system, our internet, and our society, and ultimately contribute to every individual's freedom and dignity.

Mission

Take care of our team, promote and advance crypto globally, and empower every individual in the world.

Introduction to Crypto

Cryptocurrencies are digital currencies secured by cryptography and don't exist in physical forms like the US dollar. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Polkadot (DOT) are supported by an underlying technology called blockchain, which acts as a decentralized digital ledger.

Every cryptocurrency transaction is recorded on the blockchain and becomes unchangeable once confirmed and validated. Unlike traditional currencies that rely on banks for centralized control, cryptocurrency transactions occur on a public blockchain accessible to anyone.

Furthermore, depending on the consensus mechanism, anyone can validate transactions and add them to the blockchain, making cryptocurrencies decentralized.

Many believe blockchain technology will revolutionize the global financial system, with increasing institutional investments from leading companies like Samsung, BlackRock, Morgan Stanley, and Alphabet.

Trading cryptocurrencies allows one to explore the world of decentralized finance and engage with emerging technology.

You can now purchase popular cryptocurrencies like Tether (USDT), Polygon (MATIC), Dogecoin (DOGE), and more using various payment methods, including Apple Pay, Visa, Mastercard, MoonPay, and bank transfers. You can also swap existing digital assets through OKX Convert without fees or price slippage or buy crypto directly from other sellers via the OKX P2P Trading market.

Currently, mainstream industries in this world hold 5 viewpoints towards Bitcoin and blockchain technology, with a consensus slowly being formed. These are:

1. Bitcoin is a virtual good and is similar in many ways to more traditional investments.

2. Bitcoin is a peer-to-peer payment method and has the potential of challenging Visa’s market dominance.

3. The Bitcoin blockchain, as an underlying blockchain, can provide consensus solutions to other public blockchains, with Bitcoin itself as the fees for this service. Because of this, the Bitcoin blockchain may become the infrastructure on which all other blockchain applications are built in the future.

4. Bitcoin is a virtual currency on the internet. It has some attributes of traditional currencies and some attributes of traditional payments systems in certain internet communities.

5. Bitcoin is a reserve asset like gold, and because of its standardization, divisibility, and the ability of conducting online transfers, it has great advantages in many aspects such as payment efficiency, preservation cost, and more. Because of this, it has the potential of becoming a form of "digital gold", and is therefore an asset with the possibility of replacing gold in the internet of value era.

Most countries do not recognize Bitcoin as currency, instead defining it as virtual good. Nevertheless, many jurisdictions have established regulations or have actively started to support its growth. The overall attitude of regulatory bodies is now changing from a neutral view to a positive one. The United States itself has included Bitcoin into the traditional financial regulatory system, with Bitcoin companies being required to apply for MTLs (Money Transmitting Licenses). The state of New York has introduced BitLicense for the exclusive regulation of Bitcoin. Many European countries have also been adopting positive attitudes towards Bitcoin. Some countries have established regulatory a framework for Bitcoin, with some of these insisting that Bitcoin-involved economic activities should be subject to traditional taxes. The FSA of Japan has officially recognized Bitcoin and digital currency as a legal currency, and has ruled that all digital currency exchanges must register with them. The Russian government issued a ban on Bitcoin in the past, but has revoked it after many other jurisdictions published their regulations. The governor of the Indian central bank Raghuram Rajan said that before we have a consensus on the potential of Bitcoin, we should study it in-depth instead of act too forcibly.

What products does OKX provide?

OKX is an innovative cryptocurrency exchange with advanced financial offerings. We offer cutting-edge crypto trading and earning services to millions of users globally in more than 180 regions.

With OKX, you can:

• Trade hundreds of tokens and trading pairs on spot, margin and derivatives markets.

• Manage your DeFi portfolio by connecting your Web3 wallet to organize all your decentralized assets in one place.

• Create, buy and sell NFTs on our NFT Marketplace.

• Discover top decentralized applications, including DeFi and blockchain gaming DApps.

• Connect to DeFi with our Web3 wallet via our App or browser extension.

• Earn crypto in our mining pools, take out crypto collateralized loans, and discover other ways to grow your crypto with OKX Earn.

• Connect to the world-famous TradingView Platform and trade crypto directly with their supercharged charts.

What İs OKX Fees?

OKX trading fees are different for regular and VIP users. Regular users are categorized into tiers by their total OKB holdings whereas VIP users are categorized by 30-day trading volumes and daily asset balances. Tiers are updated daily.

If users meet the conditions of different fee tiers in terms of spot trading volume, total trading volume of perpetual and futures contracts (USDT-margined, USDC-margined, and crypto-margined), options trading volume, spread trading volume, and total assets, they will enjoy the fee discount of the highest fee tier. For example, if a user's 30-day spot trading volume is 10,000,000 USD (VIP 2); 30-day total trading volume of perpetual and futures contracts (USDT-margined, USDC-margined, and crypto-margined) is 200,000,000 USD (VIP 3); 30-day options trading volume is 5,000,000 USD (VIP 1); 30-day spreads trading volume is 150,000,000 USD (VIP 2); and total assets as of today is 5,000,000 USD (VIP 4), this user will enjoy fee discounts in all markets as a VIP 4 user.

Total OKB holding

Total OKB holding is the total amount of OKB that you have in both main and sub-accounts, including the Funding and Trading accounts (OKB in Simple Earn is excluded)

Main and sub-accounts fee tier

The tier of your main account is determined by 30-day trading volume and daily asset balance of all main and sub-accounts. Fee level of your main account will be applied to your sub-accounts at 04:00 pm UTC after sub-account creation.

30-day trading volume (USD)

Transactions are recorded in BTC equivalents according to price when trading. Every 24 hours, we convert your total trading volume to USD at 4 PM UTC according to the average price (= [closing price + opening price]/2). For example, you have traded OMG, XUC, BTC, LTC and BCH in the last 30 days. We recorded each transaction in BTC equivalents at the moment of each trade happens. At each 4 PM UTC, we calculate your total trading volume in the last 30 days and convert it to USD according to the daily average price.

Total asset balance

We take a snapshot of users’ all crypto assets at 4 PM UTC daily and convert the value to USDT, then to BTC based on the daily average price of BTC/USDT (BTC/USDT middle price = [opening price + closing price]/2).

Snapshot assets include Trading Account, Funding Account and Grow. Assets borrowed for leverage or loan are excluded.

Makers and takers

Maker order is the limit order which enters into the order book before it can be traded in market. For example, if the current BTC lowest ask price is 1,000 USDT and you create a maker order with a bid price 999 USDT, this order cannot be filled immediately. Then it will enter into the order book until someone fills it. After filled, you're required to pay the maker fee and taker will pay the taker fee (or vice versa). You need to pay the taker fee when your limit ask order is traded successfully.

Trading fee rules

Calculation formula of trading fee: Trading fee of Spot/Margin = Fee rate × Amount of bought or sold crypto when order filled.

Charge rule of crypto: Fee = Fee rate × Amount of bought crypto when order was filled;

Take Spot BTC/USDT as an example, assuming the current price of BTC is 20,000 USDT;

Trader A (Trading fee tier is Lvl 1) bought 1 BTC at market price, and became a taker of this trade, so the Trading fee = 0.1% × 1 = 0.001 BTC, and A will receive 0.999 BTC after fee deducted;

Trader A sold 1 BTC at limit price, and received 20,000 USDT. Trader A became a maker of this trade, so the Trading fee = 0.08% × 20,000 = 16 USDT, and A will receive 19,984 USDT after fee deducted.

Trading fee rebate rule: Fee = Fee rate × Amount of sold crypto when order was filled;

Take Spot BTC/USDT as an example, assuming the current price of BTC is 20,000 USDT;

Trader A (Trading fee tier is Lvl 6) sold 1 BTC at limit price, and became a maker of this trade, so the Trading fee rebated to A = 0.002% × 1 = 0.00002 BTC;

Trader A bought 1 BTC with a limit order, and received 20,000 USDT. Trader A became a maker of this trade, so the Trading fee rebated to A = 0.002% × 1 × 20,000 = 0.4 USDT;

24h withdrawal limit (USD)

24h withdrawal limit is the maximum amount of crypto you can withdraw within 24 hours, in USD equivalent. If you want to increase your limit, please contact OKX support.

For example. Your 24-hour withdrawal limit is 300 USD. After withdrawing 250 USD, 25 USD equivalent in OMG, and 15 USD equivalent in XUC, you'll have a 10 USD limit remained for withdrawal within 24 hours. If you want to withdraw 20 USD equivalent in XRP, which exceeds 10 USD limit, you can’t withdraw until the next day. Alternatively, you can contact our customer support to increase your limit tentatively.

Withdrawal limit is different under different identity verification levels.View details

Daily update time of trading fee

OKX updates the latest level of user’s trading fee at 9-11 PM UTC

OKX Fees Link is => https://www.okx.com/fees