Orochi Network (ON) MEXC Spot Trading Fee: Complete Guide for Beginners

Understanding MEXC spot trading fees is crucial when trading Orochi Network (ON). MEXC operates on a maker-taker fee structure with 0% fees for makers and 0.05% fees for takers. This competitive fee structure makes MEXC an attractive platform for both new and experienced traders looking to trade Orochi Network (ON).

How Orochi Network (ON) Trading Fees Work on MEXC

The trading fee is calculated by multiplying the transaction volume by the corresponding fee rate, with fees deducted in the currency being traded. When you trade Orochi Network (ON), you'll encounter two types of orders that determine your fee rate.

• Maker orders are limit orders that don't immediately match existing orders in the market. These orders wait in the order book until filled, providing liquidity to the market. For Orochi Network (ON) trades, maker orders incur 0% fees, meaning you pay nothing when your order adds liquidity.
• Taker orders match immediately with existing orders in the market, removing liquidity. When trading Orochi Network (ON) as a taker, you'll pay a 0.05% fee on your transaction volume. Market orders typically result in taker fees since they execute instantly against the best available price.

Orochi Network (ON) Fee Calculation Examples

For a practical example with Orochi Network (ON):

• If you place a maker order to buy 100 ON tokens at the current price, you'll pay 0% in trading fees.
• If you place a market order (taker) for the same amount, you'll pay 0.05% of the total transaction value as fees.

Unfilled orders and cancellations don't incur any trading fees, giving you flexibility to adjust your Orochi Network (ON) trading strategy without penalty.

Reducing Orochi Network (ON) Trading Costs with MX Token

MX token holders can access significant fee discounts when trading Orochi Network (ON). By holding 500 or more MX tokens in your spot account for 24 consecutive hours, you can enjoy up to 50% discount on trading fees.

Additionally, enabling MX fee deduction provides a 20% discount on spot trading fees. When MX deduction is enabled, MX tokens are prioritized for fee payments, granting the discount until your MX balance is depleted.

Orochi Network (ON) has seen robust trading activity following its recent $8 million funding round, with institutional interest driving higher Orochi Network (ON) trading volumes. MX token holders can maximize fee savings, especially during periods of increased ON trading volume on the Orochi Network ecosystem.

Orochi Network (ON) Trading Tips for Fee Optimization

To minimize fees when trading Orochi Network (ON), consider using limit orders instead of market orders when possible. This approach allows you to act as a maker and benefit from 0% fees. Monitor market depth and price movements to identify optimal entry and exit points for your Orochi Network (ON) positions.

Conclusion

Start trading Orochi Network (ON) efficiently on MEXC's competitive fee structure. The platform's transparent fee system and multiple discount options make it an ideal choice for both beginner and advanced Orochi Network (ON) traders. Visit the Orochi Network (ON) trading pair to begin your trading journey with minimal costs and maximum flexibility.