FAQ · Spot Trading

OKX Spot Trading

Spot order placement, limit vs market orders and fee rules with step-by-step answers to master OKX spot trading.

Q1How do I place a spot order on OKX?+
1
Transfer funds to spot account

Go to the assets page and transfer your funding account balance to the spot trading account to ensure sufficient funds.

2
Enter the spot trading area

Tap "Trade" on the OKX home page to enter the spot area, then browse or search for a target pair like BTC/USDT.

3
View market information

Check real-time candlesticks, latest price, order book and depth chart to decide when to buy or sell.

4
Select order type

Choose a limit or market order. Limit orders require a price, while market orders fill immediately at the best price.

5
Enter price and quantity

For limit orders, enter the desired price and quantity. For market orders, enter the quantity. Confirm the total and fee.

6
Submit and review

Click buy or sell to submit. Market orders fill instantly; limit orders enter the order book. Review positions and history after execution.

Q2What is the difference between limit and market orders?+
1
Understand limit orders

A limit order specifies an execution price and only fills when the market reaches or betters that price, giving price control.

2
Understand market orders

A market order does not specify a price and fills immediately at the best available price, prioritizing speed over price.

3
Advantages of limit orders

Limit orders give precise price control, suitable for patient traders seeking an ideal entry, though they may not fill if the price never reaches.

4
Advantages of market orders

Market orders fill quickly, suitable for volatile markets requiring fast entry or exit, though the fill price may slip.

5
Choose by scenario

Use limit orders for price precision and market orders for speed, optionally combining with take-profit and stop-loss tools.

6
Manage after placing

Limit orders can be cancelled before execution. Market orders enter positions after filling, with all records available in history.

Q3How are OKX spot fees calculated?+
1
Understand the fee structure

OKX spot trading charges a percentage of the trade amount, varying by user tier, coin and maker/taker status.

2
Distinguish maker and taker

Maker (passive) and taker (active) orders usually have different rates, with makers typically enjoying lower fees.

3
View your current rate

Check your current tier's fee rate on the OKX fee schedule page or in the order interface. Rates adjust with your trading volume tier.

4
Calculate the fee

Fees equal the trade amount multiplied by the rate. For example, buying 1000 USDT of a coin at 0.1% results in a 1 USDT fee.

5
Watch for promotions

OKX occasionally offers fee discounts or OKB-based fee deductions. Follow official announcements for the latest offers.

6
Verify your statement

After execution, check the actual fee in your bill and trade details to confirm it matches expectations, contacting support if needed.

Download OKX to Start Spot Trading

Download the OKX App for fast matching, deep liquidity and low-fee spot trading.

Download Now