Navigating the world of trading fees can be complex. This guide breaks down how fee tiers are determined, the difference between maker and taker fees, and how your trading activity and asset balance influence the costs you pay. A clear understanding of these structures can lead to significant savings, especially for active traders.
How User Tiers and Trading Fees Are Determined
User accounts are categorized into different tiers, which directly impact the trading fees they pay. These tiers are updated daily to reflect the most current user activity and holdings.
- Regular Users: Their tier is determined by their total holdings of the platform's exchange token, OKB.
- VIP Users: Their tier is categorized based on their 30-day trading volume and their daily asset balance.
Discounts on trading fees vary across different markets, including spot trading, futures, perpetual swaps, and options. A user qualifies for the benefits of the highest tier they achieve across all criteria.
Qualifying for the Highest Tier
Your account is evaluated against all tier requirements. You are then classified at the highest tier you meet, and those discounted fee rates are applied across all markets.
For instance, if your activity qualifies you for VIP 2 in spot trading, VIP 3 in futures, and VIP 4 based on your asset balance, your account will be upgraded to the VIP 4 tier. This highest discount rate will then be applied to your trades in all market types.
Key Metrics for Tier Classification
Your tier classification depends on several specific metrics, which are calculated daily.
Total OKB Holding Calculation
Your total OKB holding is the sum of OKB across your primary account and any sub-accounts. This includes OKB held in your spot and margin accounts. It is important to note that OKB allocated in savings or earning products is typically not included in this calculation.
The Role of Primary and Sub-Accounts
The tier for your primary account is determined by aggregating the 30-day trading volume and daily asset balance of all linked primary and sub-accounts. The fee level of your primary account is automatically applied to any new sub-accounts, usually at a specific time the day after the sub-account is created.
Calculating 30-Day Trading Volume
Trading volume is a critical factor for achieving VIP status. All transactions are initially recorded in BTC equivalent at the time the trade is executed. Every 24 hours, this volume is converted to USD based on the daily average price of BTC.
This calculation includes your total trading volume across all supported cryptocurrencies from the past 30 days. The system consolidates every trade, converts each to its BTC value, and then sums and converts the total to a USD value to determine your volume level.
How Trading Fees and Rebates Work
Trading fees are charged in the base currency of the trading pair. For example, if you are trading the BTC/USDT pair, your fee will be charged in BTC. Conversely, if you trade USDT/BTC, the fee would be charged in USDT.
Many platforms also offer fee rebates, which are essentially a refund of a portion of the fees you pay. 👉 Explore more strategies for maximizing fee rebates
These rebates are distributed in the same currency in which the original trading fee was paid. If you receive a rebate for a trade where you sold BTC, your rebate will be in BTC. If you provided liquidity for a buy order, your rebate might be paid in the quote currency, like USDT.
Understanding Total Assets Balance
Your daily asset balance is another key metric for tier classification. The platform takes a daily snapshot of all your cryptocurrency assets, converts their total value to USDT, and then often to BTC based on the daily average BTC/USDT rate.
This snapshot encompasses assets held in most account types, including classic accounts (spot, margin, futures, swaps, options), unified trading accounts, and funding accounts. It is important to remember that any assets that have been borrowed for leverage or loans are excluded from this balance calculation.
Maker vs. Taker Fees Explained
Most exchanges employ a maker-taker fee model to incentivize market liquidity.
- Maker Orders: These are limit orders that are not immediately matched with an existing order and are instead placed on the order book, providing liquidity. A maker order might be a buy order placed below the current market price or a sell order placed above it. When this order is eventually filled, the person who placed it pays a typically lower "maker fee."
- Taker Orders: These are orders that are immediately matched with an existing order on the book, thereby taking liquidity. This includes market orders and some limit orders that match the current best price. The person placing this order pays a "taker fee," which is usually higher than the maker fee.
Managing Your 24-Hour Withdrawal Limit
Your 24-hour withdrawal limit is the maximum equivalent value in USD of cryptocurrency you can withdraw within a rolling 24-hour period. This limit is directly tied to your account's Know Your Customer (KYC) verification level.
If you attempt to withdraw an amount that exceeds your remaining limit, the transaction will not be processed until the next 24-hour cycle begins or until you successfully request a temporary limit increase from customer support.
Withdrawal Limit Example
Imagine your 24-hour withdrawal limit is 10,000,000 USD. If you first withdraw 1,000,000 USD worth of one asset, then 4,000,000 USD worth of OMG, and another 1,000,000 USD worth of XUC, your remaining limit would be 4,000,000 USD. Any attempt to withdraw an amount exceeding this remaining value, such as 5,000,000 USD worth of XRP, would be blocked until your limit resets.
Frequently Asked Questions
How often is my user tier updated?
Your user tier is recalculated and updated every 24 hours. The system uses a daily snapshot of your assets and a rolling 30-day trading volume to determine your current classification and corresponding fee discounts.
What is the difference between a maker and a taker?
A maker adds liquidity to the order book by placing a limit order that isn't immediately filled (e.g., a buy order below the market price). A taker removes liquidity by placing an order that is filled instantly, such as a market order. Makers generally receive a lower fee rate as a reward for providing liquidity.
Which assets are counted in my total assets balance?
The balance includes the value of assets held in your spot, margin, futures, perpetual swap, options, funding, and unified trading accounts. It explicitly excludes any assets you have currently borrowed for margin trading or loans.
How can I increase my 24-hour withdrawal limit?
Your withdrawal limit is primarily determined by your account verification level (KYC). To increase your base limit, you may need to complete a higher level of identity verification. For a temporary increase above your standard limit, you must contact customer support directly.
Are trading fee rebates paid automatically?
Yes, fee rebates are typically distributed automatically according to the platform's rules. They are paid in the same currency that the original trading fee was charged in, and they are usually credited to your account without requiring any manual action.
Do sub-accounts have their own fee tiers?
No, sub-accounts inherit the fee tier of the primary account. The tier is determined by the combined 30-day trading volume and asset balance of all accounts under the main primary account.