okex listing fee

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Earlier this year, the NZ exchange was hacked. The listing fee for an ERC-20 token is 2,500,000 DOT, the exchange’s own coin, currently trading at $0.0056 approximately. 1. Proof of Reserves. With the coin at $6,5k at that time, that amounted to a total of $2,6 million approximately. This entry barrier is deliberate and is meant to “reduce the number of spam or scam projects”. NFTs were popularized in 2017 when CryptoKitties created demand for digital representations of cats, with some being sold for over $100,000. In the coming years, we will continue to optimize the services of OKEx Cloud. The fee schedule on OKEx is formatted around a Maker/Taker fee model, with market makers paying less in fees than market takers. Now, all listing fees are transparent and 100% of the money received for listing is transferred to Binance’s own charity fund, Blockchain Charity Foundation. This means that most listing fees are not exorbitant, and most crypto exchanges do not charge $1M for listing. If this amount is exceeded, the commission is reduced. Rank Currency Pair Volume (24h) Price Volume (%) Liquidity. For example, in the BTC/USDT spot market, if a user places a BTC sell order, the buy taker will pay the transaction fee in BTC, and the sell maker will receive a fee rebate in BTC. OKEx has a discount system through which you pay lower and lower trading fees the more you trade. The funds were later transferred to Binance’s official wallet, which makes us think it was a fee to list CS on the exchange. This exchange, however, has different policies regarding listing fees. 1、Annual Fee: We charge 40,000 USDT/year as a technical service fee. Deposit and Withdrawal Fees. Withdrawal fees on OKEx are fixed amounts and … 6、SMS Charge:Exchanges will be charged for sending SMS via OKEx Cloud. He was angry that OKEx charges major listing fees and then later forces companies to keep their liquidity up even if they use fake means because they want a high liquidity. One key way we differentiate ourselves is by not taking a listing fee. On Jan. 14 Cryptopia went offline and their Twitter stated that they were experiencing “an unscheduled maintenance” that went on until the 15th, when they announced that the exchange had been hacked, which led to significant losses, and the exchange was kept in maintenance mode. Exchanges can embed the internal API provided by OKEx Cloud to their own products in order to meet the needs of different applications. OKEx is the leading global bitcoin exchange. After the coin is supported by the ZB nodes and gets at least 3 votes from them, the crypto project team needs to bring no less than 5,000 new users to the exchange. The price for listing a coin is 4,000,000 DOT. That seems a mutually beneficial compromise (in lieu of a listing fee) does it not? Another huge listing fee has even left a trail on Etherscan. Instead of a listing fee, OKEx requires a security deposit which is returned if the project completes the listing process successfully. As claimed on their site, “Several factors go into our decision-making process when considering adding a new token to Bitfinex. The annual fee will be charged annually starting Jan 1, 2020。, We charge 10,000 USDT as a technical charge for the listing of every non-ERC-20 token;. The commission in this amount will be charged for trading volume from 0 to 100 BTC per day. Binance’s CEO, Changpeng Zhao, stated in an online stream held in January that the listing fees for the new exchange would be around the $100k mark. OKEx is the leading global bitcoin exchange. Find all the answers in the latest Coin360 research on cryptocurrency exchange listing fees. Listing applications have to be approved by so-called ZB Professional nodes: these are companies that secure the efficiency of ZB.COM and maintain the project. Though, this doesn’t mean that you can put your coin on the cryptocurrency market without having any money in stock. We continue to monitor these factors and make prudent decisions to keep our customers' best interests in mind.”. OKEx does not charge deposit or withdrawal fees. Accounts with VIP levels will pay a lower fee overall. Binance recently added another service to the brand – Binance DEX, its decentralized exchange. On top of the existing offerings, we will introduce a wider selection of value-added services soon. Accordingly, the maker fee is lower than the taker fee. Fee structure of OKEx. Launched in 2017 by Chinese Bitcoin giant OKCoin.com, it was designed to take over from OK Coin, which ceased futures trading in 2017 but remains operational for fiat trading with major digital assets. He didn’t stop there and went on, saying that Binance doesn’t list sh*tcoins no matter how much they pay for that. What is special about this exchange is that it has the listing fees listed on the website, in the open, unlike other exchanges. Trading Fees. As the Blockchain Transparency Institute revealed in their 2018 report, the average blockchain project spent $50,000 on listing fees. The transaction fees for the exchange and trade of cryptocurrency at OKEx are probably the lowest in the cryptocurrency industry. Discounted fees for high-volume traders. Distributed servers for high-speed bitcoin trading based on real-time data. OKEX Listing. This is not expected to change soon, as even so-called “decentralized” exchanges are not willing to list coins for free. It has been a year since the launch of the OKEx Cloud program. All applications for the token listing vote will be reviewed by a special committee, then the Prime Investors and holders of OKB (the native token of OKEx) will be able to vote for crypto projects. It used to be one of the biggest exchanges in terms of cryptocurrency trading volume, but at the moment it only takes a spot in the top-50 with an adjusted daily volume of $93M. Dear valued customers, We are pleased to announce that LATAM CASH (LMCH) is now listed on OKEx. Distributed servers for high-speed bitcoin trading based on real-time data. THIS EVENT HAS FINISHED. We are very pleased to have empowered over a hundred of startup exchanges with our technology to promote the blockchain ecosystem. After the project wins the vote but before it is listed, it is necessary to pay 2,000,000 ZB tokens as a security deposit. OKEx Cloud can publish a beta app on the exchange’s behalf, the fee includes system updates. Collaboration regime implies the listing of projects that received investment from OK Blockchain Capital and 5 OKEx Prime Investors. 2、Trading Fee: We charge 50% of the transaction fees received by your exchange。, 1、Exchange system architecture, including web- and app-based products;, 2、Supported trades: spot trading fiat-to-token C2C trading;, 3、Flexible customization of the website, including domain name, logo, slogan, social media, and languages;, 4、High autonomy in marketing campaigns, with the provision of regular data reports, redirection data reports, and a variety of campaign modules;, 5、Autonomous token listing and trading pair matching; no maximum limit; shared market depth with OKEx;, 6、Exchange wallet custody service to ensure fund security;, 7、Automated trading supported with the provision of OKEx’s latest OpenAPI;. Recently, the global exchange has announced that it is listing Hedera Hashgraph in the spot market on 17th of September 2019, highlighting its impressive ability to choose great projects and the fast development of its spot market offerings. The annual fee is charged from the date the exchange is launched; Until Jun 30, 2019, exchanges that already joined the OKEx Cloud are exempted from this year’s annual fee. They can often be overestimated and overwhelming, reaching millions of dollars according to some reports. Each tier of fees is based on the volume traded over a 30-day period. What makes OKEx’s listing process different. This translates into $14k and $22.4k respectively. The influence of exchanges on coin perception and value cannot be overestimated. Given the ETH prices at that time, it makes a total of almost $1M. After that, the public voting procedure starts – 1 vote costs 1 ZB Token, and users can vote for more than 1 coin at a time. As an NFT is irreplicable and cannot be damaged over time, their use is growing across various verticals, including for sports, gaming, and art. Fees start at 0.10% for Maker (Limit) orders and 0.15% for Taker (Market) orders. The annual fee will be charged annually starting Jan 1, 2020。 OKEx is a secure crypto exchange that makes it easy to buy, sell, and trade cryptocurrency like Bitcoin, Ethereum, and more. Sood accused the exchanges of robbing teams and affirmed that they needed to be building better platforms to … The trading fees for takers charged by the exchange are 0.15%. However, now, OKEx revealed a reward program for users who continued to trade on […] The price for listing a coin is 4,000,000 DOT. Cryptopia was down for more than 2 months, but it resumed trading on Mar. The maker and taker fees start from 0.10% and 0.15% respectively. Perhaps, these cases, which became known to the public, prompted Binance to implement new listing rules. OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. If a crypto project is considered risky, this money will be used to compensate those who voted for it. For instance, if you are a regular user doing spot trading, the standard trading fees are 0.15% for takers and 0.10% for makers, as mentioned above. OKEx adopts a maker-taker fee schedule to encourage more placements of orders and liquidity. Some of these factors include user requests, shareholder interest, cryptocurrency market capitalization, token design parameters, and a thorough assessment of the token's development process; including, but not limited to, the team behind the coin and their strategies for solving technical and nontechnical problems. OKEx also offers a discount for the makers in the trades, who are charged at 0.10%. Security and Fairness Novice traders often ask about OKEx fees. This is simply because being listed on a top cryptocurrency exchange greatly increases the chance of success due to the higher potential of increasing value and better access to investors. One vote costs 0.1 OKB, and all tokens are returned to holders after the vote ends. Deposits begin at 9:00 AM (UTC) on Dec 17. Second, some high-quality projects won’t be listed, as they have more talent and expertise than cash. Free. From its beginnings in 2014, OKEx has become one of the dominant exchanges outside of the United States, serving 20 million customers and consistently listing among the top crypto exchanges by trading volume. OKEx Withdrawal Fees. This drops as low as 0.02% and 0.05% for makers and takers fees respectively. Thank you very much for your continued support for OKEx Cloud and we assure you our best services at all times!, OKEx Cloud Supports Trading View Chart Access, OKEx Cloud Operation Template Launched -- Achieving User Growth in All Dimensions, Launch of OKEx Cloud Token Exchange System, Change of Spot Trading Fee Schedule and Termination of Loyalty Points Settlement for Spot and Margin Trading Fees, OK Jumpstart x WXT Subscription Exchange Rate, The annual fee is charged from the date the exchange is launched;, Until Jun 30, 2019, exchanges that already joined the OKEx Cloud are exempted from this year’s annual fee. OKEx Fees. Listing a token on an exchange is an important milestone in the roadmap of every crypto project. Although the exchange continued to ensure the community that the funds were safe, the news, nevertheless, had left many traders frustrated. The users will be charged a fee of 0.03% for the purpose of opening a new trade position. Currently, this service is free for a limited time. Top-tier crypto exchanges have no lack of new coins willing to be listed and are able to choose carefully and place greater demand on new crypto projects (including greater listing fees). OKEx's trading fees are 0.1% for Market Makers and 0.15% for Market Takers, which places the exchange among the most competitive exchanges. The trading volume is being calculated every day and the fees are being adjusted daily as well. They will not be charged any transaction fee for the closing trade transaction. Why are high listing fees bad for the whole crypto industry? In addition to a listing fee, there is also a voting process involved, where the community is said to have a vote regarding new listings on the DEX. ... All UNI trading pairs will have ZERO trading fees. Please take note of the following go-live schedule: 1. “We don’t charge any listing fee, but get your budget prepared,” says Andy Cheung, the Head of Operations at OKEx. If a project is successfully listed, this money will be returned to users via airdrop. The exchange suffered multiple security breaches, which resulted in several hacks; the largest of which took $72M from its customers’ accounts in 2016. ... OKEX will list SC/BTC, SC/ETH and SC/USDT pairs 11 june. level 1. 3、Independent App:We charge a one-time technical fee of 20,000 USDT. OKex Fees and Limits. What is special about this exchange is that it has the listing fees listed on the website, in the open, unlike other exchanges. Buy crypto with credit card & PayPal instantly. OKEx trading fees. Finally, the Community Building regime requires a project to bring 50,000 new users to OKEx, and at least 20,000 of them have to be active (i.e. However, this is not the case with listing fees. OKB is the native token of the exchange and is issued by the OK Blockchain Foundation, adopted by OKEx as its global utility token. Different articles on the web and social media say different things, like a tweet from Christopher Franko, a co-founder of the Expanse platform, saying he got a Binance listing quote and it was 400 BTC. Token Trading - Charges -0.1% of maker fee and 0.1% of taker fee, which applies to all trading pairs. OKEx employs a multi-tiered trading fee system where discounts can be rewarded based on different factors, including the number of OKB (OKEx’s exchange token) held and/or a trader’s 30-day trading volume. Is it possible to avoid extra charges? In a response to Insider, a PR manager for OKEx denied this saying there is no listing fees for any tokens. We believe in aligning with token teams over the longer term. What other requirements are applied to listing on the top exchanges? If exchange needs to customize the development of related products, such as platform token equity, they should first meet the application requirement of token customization, and we will charge 10,000 –100,000 USDT as technical fee depending on the project situation. 5、OKEx Cloud API Technical Support:We charge a one-time technical fee of 20,000 USDT. However, Credits is still not listed on Binance. The standard rate for OKEx is 0.15%. Details as follows: 1、Annual Fee: We charge 40,000 USDT/year as a technical service fee. OKEx’s, relatively, new listing regime (it was actually applied 10 months ago) includes 3 options: Vote, Collaboration, and Community Building. To ensure our service quality, we will implement a new fee schedule from Jul 1, 2019. As far as I understand Okex doesn't ask for a listing of those projects that wish to use its platform. Franko claimed that it was Binance’s right to charge such exorbitant fees, but he was outraged by the pretense. Vitalik Buterin, though, is not satisfied with the current status; during the TechCrunch Sessions he claimed that all centralized exchanges with their “crazy listing fees” should “burn in hell as much as possible”. DogLover mentioned on the deeponion.org forum that Okex do offer marketing packages (for a fee) and encourage projects to enlist in them. However, they don’t, of course, list each and every coin. #OKExDeFi New Listing:Uniswap (UNI) - Gets Listed on OKEx ! Just the rumor alone of Ripple preparing to be listed on Coinbase was enough to cause a 5% surge in price a year ago, and when XRP coin was actually listed, it went up by 10%. The trading volume of these zero trading fee pairs will not be calculated in your level of trading volume. September 17, 2019 – Leading crypto-asset platform OKEx has been famous for its futures trading for years. The centralized exchange, Binance’s listing fees policy went through some changes 6 months ago. For example, OKEx, a Malta-based cryptocurrency exchange with an over-$500M daily adjusted volume doesn’t charge a cent for listing. The Taker and Maker fee will be (0,0) for regular and professional users. June 11, 2018. OKEx Overview. Changpeng Zhao, the CEO of Binance, claimed that Franko got a spoofed/spam e-mail, and it was definitely not from Binance officials. Secured with bank-level SSL encryption and cold storage. OKEx provides top level digital currency trading services for bitcoin, litecoin,ethereum,ripple,eos and more. Rebate Rules of Negative Trading Fees For a spot market order, a trading fee rebate is settled in the digital asset the taker pays for the transaction fee. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. What is the price a project has to pay to put their coin or token on an exchange? There’s no minimum, and a big donation does not have any effect on the outcome of the listing review process. However, this “security deposit” will not be refunded, as it reads on ZB.COM website, which makes it actually a normal listing fee; with a current price of $0.38 per token, it equals to $760,000. Jonathan Zeppettini, International Ops Lead at Decred, claimed that he was asked for $3M from an exchange which had not even launched at that moment. After purchasing this service, the exchange can use WebSocket high-speed API to fulfill their high demand for automated trading. Some top-tier exchanges decided to totally reject listing fees. Credits (CS) transferred around 2000 ETH to an account which is considered to be Binance’s in March and August of 2018. Those fees, together with the large number of markets available in the exchange (currently about 200 cryptocurrencies) make this exchange very interesting for altcoin traders and investors. Cryptocurrency exchange OKEx has been in the spotlight ever since it announced a temporary suspension of withdrawals on 16 October. OKEx provides top level digital currency trading services for bitcoin, litecoin,ethereum,ripple,eos and more. OKEx is a digital asset futures trading exchange aimed specifically at institutional traders. So, despite many existing articles about our listing regime out there, I am giving a few more tips on getting your project listed on our platform here. As a response, Franko published this screenshot of the e-mail he had got; as you can see it was sent by someone with a @binance.com mail domain. Bitfinex, a cryptocurrency trading platform based in Hong Kong, has definitely seen better times. Compared to top-tier exchanges, Cryptopia’s listing fees are really small. Category Fee Type Updated 4、High-Speed Open API:We charge a one-time technical fee of 20,000 USDT. In an announcement made on Binance’s website, the team also referred to how fees are set; the teams behind each project are the ones that propose the number they want to donate. The highest trading fees payable for low volume accounts are a 0.15% maker fee and 0.2% taker fee. LMCH Deposit - … Spot trading begins 7:00 (UTC) on Dec 18. OKEx Withdrawal Fees Discount. OKEx offers a volume-based maker-taker fee schedule. This fee is slightly below the industry average which is around 0.25%. Given all this, it might seem reasonable that Bitfinex doesn’t charge any listing fees. It also offers market maker and taker fees starting from 0.15% and 0.2% respectively, with discounted fees … The exchange has a discount system through which you pay lower trading fees the more you trade. However, currently, the listing fee of ERC-20 tokens are waived for a limited time. First, exchanges can start listing scammy unreliable projects simply out of the desire for money. ZB.COM, a Chinese cryptocurrency exchange with a daily adjusted volume of $613M at press time, also uses a voting mechanism to choose new coins to list. The listing fee for an ERC-20 token is 2,500,000 DOT, the exchange’s own coin, currently trading at $0.0056 approximately. have a minimum of 1 ETH in their accounts and trade regularly). 20. That is how they evaluated the great honor of being among the first listed projects. Secured with bank-level SSL encryption and cold storage. In March 2018, some major cryptocurrency exchanges were said to be charging up to one million dollars to have their tokens listed. OKEX lists DAI (by MakerDAO). Basic Fee; Fee Descriptions. N/A. When exchange issues and lists platform token, they need to pay a one-time activation fee of 5% of the platform token circulating volume;. Are 0.15 % 6 months ago are fixed amounts and … deposit and withdrawal on. To 100 BTC per day the exchange has a discount system through you! 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