OKX exchange is one of the largest cryptocurrency exchanges. Being released in 2014, it was initially called OKCoin and provided services only in the domestic market of China, while the site was registered in California. In 2017, the company changed its head office, moving to Hong Kong, and also rebranded, changing its name to the familiar OKX. The company was prompted to reorganize by the active struggle of the SEC with crypto exchanges, which provided the opportunity to trade derivatives. In 2019, the crypto exchange issued the OKX cryptocurrency — the OKB token.
With the help of revenuebot users can conduct automated trading on the exchange OKX exchange. Automated trading can be done with an OKX trading bot built for the exchange. Using revenuebot , automated trading is available for classic OKX Spot, as well as trading perpetual futures contracts (perpetual swaps) OKX Futures. Thanks to the variety of settings available, the user of the service can create an effective trading bot and start trading in a short period of time.
OKX fees depend on two factors: the number of OKBs on the account (OKX cryptocurrency, native token) and the monthly trading volume. Up to a trading volume of 1000 BTC, OKX transaction fees depend only on the number of tokens on the account and are 0.1% for the maker and 0.15% for the taker at the initial stage and can go down to 0.06% for the maker and 0.08% for the taker. After overcoming the volume of 1000 BTC, OKX fees can drop down to 0.01% for the maker and 0.03% for the taker.
OKX futures trading is about the same as spot trading. The initial OKX transaction fees for the maker are 0.020%, and for the taker, it is 0.050%. As the trading volume and OKB tokens on the account increase, OKX fees may drop to 0.015% for the maker and up to 0.0305 for the taker. More details about OKX transaction fees can be found in the screenshots below.
According to statistics, about 70% of transactions in the stock market are made using various bots. And given that the crypto market mainly adopts practices from traditional ones, there is no doubt that the percentage here is not less. Why are traders less likely to trade themselves and trust an OKX trading bot to do it? There are several reasons for using a trading bot on OKX or other exchanges:
We have been on the market since 2018 and have carefully worked out all the features of working with the OKX exchange over the entire period of our existence. Since August 2021, we have been an official partner of and have been participating in the broker program of the OKX exchange.