Platform Fee System – x.me

What are the main fees on VOOX?

Common VOOX fees include Spot Trading fees, Futures Trading fees, withdrawal fees, and Futures funding fees. Different products have different fee calculation methods.

Are deposits charged?

VOOX does not charge cryptocurrency deposit fees. However, blockchain network fees may be incurred when transferring from an external wallet or another platform.

Are withdrawal fees fixed?

Withdrawal fees are not necessarily fixed. They may vary depending on the token, network type, and blockchain network congestion. Users should refer to the fee displayed on the page before submitting a withdrawal.

What is Maker?

Maker refers to a trader who places a limit order that does not execute immediately, but instead remains on the order book waiting to be matched. Makers provide market liquidity and increase market depth. Maker orders are usually limit orders, are passively executed, and often enjoy lower trading fees or fee rebates.

What is Taker?

Taker refers to a trader who uses a market order or an immediately executable limit order to actively match with existing orders on the order book. Takers consume market liquidity, are actively executed, and usually pay higher trading fees.

Why are Maker and Taker fees different?

Maker and Taker fees are different because Makers provide market liquidity through pending orders and are liquidity providers, so their fees are lower. Takers execute immediately and consume market liquidity, so their fees are higher. This mechanism encourages users to provide liquidity, helping improve market activity and price stability.

How are Spot Trading fees calculated?

Spot Trading fee calculation steps:

Calculate the trading amount: buy price × buy quantity, or sell price × sell quantity
Determine the Maker or Taker fee rate based on VIP level
Trading fee = Trading amount × Fee rate

Fees are deducted automatically and are only charged on the actually executed portion.

How are Futures Trading fees calculated?

Futures Trading fees are calculated as follows:

Trading Fee = Position Value × Maker/Taker Fee Rate

Where:

Position Value = Futures Quantity × Underlying Asset Price

Complete formula:

Trading Fee = Futures Quantity × Underlying Asset Price × Maker/Taker Fee Rate

What is the funding rate?

The funding rate is a price-balancing mechanism for Perpetual Futures, designed to keep the Futures price close to the Spot price. The system settles funding fees every 8 hours at 08:00, 16:00, and 24:00 UTC+8.

Users holding positions will pay or receive funding fees based on the funding rate. These fees are settled directly between users, and the platform does not charge any additional fee.

How are withdrawal fees calculated?

Withdrawal fees are calculated based on the selected token and network, and the specific fee will be displayed on the page before withdrawal submission.

If you have any questions about withdrawal fees or believe the fee is unreasonable, you may contact online customer support at any time. We will evaluate and handle the issue.

Trading Fee Commission Rules?

Trading fee commission is usually distributed to your Spot wallet account at 15:30（UTC+8）on the next day. The actual commission amount is subject to the actual trading fee, commission rate, and the platform’s settlement result.