The OKX Trading Rebate Card offers a practical way for traders to get a portion of their trading fees returned. This program is designed to provide value to active users on the platform, though it's only available in certain regions where permitted by local regulations.
If you're looking to reduce your trading costs, understanding how the Rebate Card functions can help you make the most of this offering.
How the OKX Rebate Card Works
Each Rebate Card comes with a specific face value and a defined validity period. Once a card is granted to your OKX account, it automatically begins to rebate a portion of your daily trading fees.
These rebates are distributed to your Funding Account in USDT, usually within the next day after the trading activity occurs.
- The daily calculation period runs from 00:00 to 23:59 UTC+8.
- If you receive a Rebate Card and trade on the same day, your first rebate will be calculated from the time it was granted until 23:59 UTC+8.
- The card's value is deducted each day after it's granted until either the entire balance is used up or the validity period expires.
It's important to note that the Rebate Card is only applied to your OKX Main Account. However, a significant benefit is that all trading fees generated by any linked Sub Accounts will also be rebated to the main account holding the active card.
If your account has multiple active Rebate Cards, the system follows a specific consumption order: the card with the shortest remaining validity period is used first. If two cards have the same expiry date, the one that was received earliest will be consumed first.
๐ Check your rebate history and distribution status
Understanding Trading Fee Rebate Calculation
The core of this program is the rebate calculation. The amount rebated each day is equal to the net trading fee amount you paid during that UTC+8 day.
This calculation typically excludes any maker rebates you might have earned from transactions. The value of the rebate you receive is subject to the natural fluctuations of the digital asset market.
Prices of cryptocurrencies, including stablecoins like USDT, can change rapidly. This means the value of your rebated USDT may fluctuate from the time it is calculated to the time you use or withdraw it.
Important Program Terms and Conditions
Participation in the Rebate Card program is subject to a set of terms designed to ensure fair use and compliance.
OKX actively monitors user behavior to prevent abuse of the system. Activities that are strictly prohibited include:
- Registering or using multiple accounts.
- Using another person's account or identity information.
- Providing false KYC (Know Your Customer) details.
- Artificially inflating trading volume through wash trading or any form of market manipulation.
- Any activity that violates local regulations or OKX's own terms of service.
If OKX identifies any such behavior, it reserves the right to immediately disqualify the user from the program, revoke any rewards, and take further action on the account.
OKX also retains the right to:
- Delay the distribution of rewards due to system issues or other special circumstances.
- Suspend, freeze, or restrict user accounts and assets in accordance with applicable laws.
- Terminate or modify the Rebate Card program and its terms at any time without prior notice.
- Exclude any participant from the activity.
By using the OKX platform and services, you agree to be bound by the general Site Terms. Furthermore, users are solely responsible for any taxes, fees, or additional costs associated with receiving or using the rebate rewards.
Finally, OKX disclaims any liability for technical, typographical, or editorial errors within the program terms.
Frequently Asked Questions
How do I know if I'm eligible for the OKX Rebate Card?
The Rebate Card is not available in all regions. Eligibility is primarily determined by your country of residence and its local regulations. The feature will only be visible and available in your account if it is offered in your region.
How long does it take to receive my daily trading fee rebate?
Rebates are typically distributed to your Funding Account in USDT within the next day after the trading day concludes (00:00-23:59 UTC+8). If you experience a delay beyond 48 hours, it is recommended to contact OKX customer support for assistance.
Can I use a Rebate Card on a sub-account?
No, the Rebate Card is only granted to and applied to your main OKX account. However, the great advantage is that all qualifying trading fees from your sub-accounts will be included in the rebate calculation for the main account.
What happens if I have more than one active Rebate Card?
The system automatically uses the card with the shortest remaining validity period first. If two cards expire on the same day, the one you received first will be consumed before the other.
Why did I not receive a full rebate?
The rebate amount is based on your net trading fees paid, which may exclude certain fee discounts like maker rebates. The final amount is also subject to the value of USDT at the time of distribution. ๐ Learn more about fee calculations
Can OKX change these terms?
Yes. OKX reserves the right to interpret, modify, or terminate the Rebate Card program and its terms at any time without providing prior notice to users. It's always a good practice to periodically review the official terms for any updates.
Please note: In order to comply with local regulations, the OKX Trading Rebate Card and certain other features may not be available in your specific region.