WEEX Fees: What to Expect When Trading Crypto
WEEX Fees: What to Expect When Trading Crypto
This article provides a beginner-friendly overview of the WEEX cryptocurrency exchange, covering key aspects like fees, supported assets, trading features, and security practices.
Core Features
- **Spot Market:** WEEX offers a Spot market for buying and selling cryptocurrencies at their current market price.
- **Futures Market:** WEEX also provides a Futures market, allowing users to speculate on the future price of cryptocurrencies.
Fees
WEEX employs a tiered fee structure based on trading volume.
| class="wikitable" ! Trading Pair ! Maker Fee ! Taker Fee |- | BTC/USDT | 0.1% | 0.2% |- | ETH/USDT | 0.15% | 0.25% |- | Other Pairs | 0.2% | 0.3% |}
- **Withdrawal Fees:** Withdrawal fees vary depending on the cryptocurrency.
Supported Assets
WEEX supports a wide range of cryptocurrencies, including popular choices like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others. A complete list of supported assets can be found on the WEEX website.
Spot and Futures Basics
- **Spot Market:** In the Spot market, you buy and sell cryptocurrencies at their current market price.
- **Futures Contract:** A Futures contract is an agreement to buy or sell a specific amount of cryptocurrency at a predetermined price on a future date.
Order Types
- **Limit Order:** A Limit order allows you to buy or sell at a specific price or better.
- **Market Order:** A Market order executes immediately at the best available price.
Order Book
The Order book displays the buy and sell orders placed by other traders. It provides insight into market depth and potential price movements.
Liquidity and Markets
WEEX strives to provide high liquidity across its trading pairs, ensuring smooth order execution.
Security Practices
- **Two-Factor Authentication (2FA):** WEEX strongly recommends enabling 2FA to enhance account security.
- **Cold Storage:** WEEX utilizes cold storage to safeguard the majority of user funds offline.
KYC/Limits
WEEX may require identity verification (KYC) for certain account features or trading limits.
Funding and Withdrawals
WEEX supports deposits and withdrawals in various cryptocurrencies and fiat currencies.
Mobile and Web UX
WEEX offers a user-friendly platform accessible through both web browsers and mobile apps.
Risks and Responsible Trading
- **Price Volatility:** Cryptocurrency prices can be highly volatile, and investments can lose value quickly.
- **Leverage Trading:** Trading on margin (futures) amplifies both profits and losses.
- First Steps Checklist:**
- **Create an Account:** Register here
- **Verify Your Identity (KYC):** Complete any required KYC procedures.
- **Fund Your Account:** Deposit crypto or fiat currency.
- **Explore the Platform:** Familiarize yourself with the interface and features.
- **Start with Small Trades:** Begin with modest investments to gain experience.
See also (on this site)
- WEEX Exchange: Your First Steps to Crypto Trading
- Exploring Weex: A Beginner's Guide to Spot Trading
- Understanding WEEX Futures: A Simple Explanation
- WEEX Supported Assets: A List of Tradable Coins
Recommended articles
- The Importance of Daily Settlement Prices in Managing Crypto Futures Risk
- 2024 Crypto Futures Trading: A Beginner's Guide to Security Best Practices"
- Crypto Trading Timeframes
- Trading simulators
- How to Use Moving Average Crossovers in Crypto Futures
Category:Crypto Exchange Overviews
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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