Axiom Trade Fee: How to Decrease Axiom Exchange Fees
Axiom Exchange is a leading decentralized trading platform launched in 2024, designed for trading cryptocurrencies like Bitcoin, Ethereum, Solana, and memecoins. Backed by Y Combinator, it offers advanced features such as wallet tracking, Twitter monitoring, and high-speed order execution, making it a favorite among traders. However, like any trading platform, Axiom Exchange charges fees that can impact your profitability. Understanding these fees and learning how to minimize them is essential for optimizing your trading strategy.
Start Axiom Now: https://axiom.trade/@tradenow
Using an Axiom Referral Code like “tradenow” or an Axiom Pro Referral Code provides a 10% discount on trading fees
In this comprehensive guide, we’ll explore the Axiom Exchange fee structure, share proven methods to decrease trading fees, and explain how to use the “TradeNow” referral code for a 10% discount. We’ll also address options for existing members who missed out on referral discounts and provide guidance on avoiding fake codes promising unrealistic savings.
What Are Axiom Exchange Fees?
Axiom Exchange operates on a tiered fee structure based on your trading volume, rewarding active traders with lower fees and higher cashback in Solana (SOL). Additionally, since Axiom runs on the Solana blockchain, users may incur Solana transaction fees (priority fees and bribes) depending on network congestion. Below is a detailed breakdown of the trading fee tiers:
| Tier | Multiplier | Net Fee | Cashback |
|---|---|---|---|
| Wood | 1X | 0.95% | 0.05% |
| Bronze | 2X | 0.90% | 0.10% |
| Silver | 2.5X | 0.875% | 0.125% |
| Gold | 3X | 0.85% | 0.15% |
| Platinum | 3.5X | 0.825% | 0.175% |
| Diamond | 4X | 0.80% | 0.20% |
| Champion | 5X | 0.75% | 0.25% |
- Net Fee: The effective fee you pay after cashback is applied.
- Cashback: A percentage of your trading fees returned to you in Solana, increasing with higher tiers.
- Solana Fees: Separate from trading fees, these include priority fees (e.g., 0.001 SOL by default) and bribes to ensure faster transaction confirmations during network congestion.
The tiered structure incentivizes higher trading volumes, as moving from the Wood tier (0.95% net fee) to the Champion tier (0.75% net fee) can significantly reduce costs while boosting cashback.
- Axiom Trade Settings: Best Config For Slippage, Priority Fee, and Bribe Fee
How to Decrease Axiom Exchange Fees
Reducing trading fees on Axiom Exchange is achievable through a combination of referral codes and strategic trading practices. Below are the most effective methods:
1. Use the “TradeNow” Referral Code
One of the simplest ways to lower your trading fees is by using a referral code during sign-up. The “TradeNow” referral code offers a 10% discount on trading fees, which applies to all trades made with the account. This discount has been verified by multiple sources, including community posts and articles on platforms like Medium.
How to Apply the “TradeNow” Code:
- Visit the Axiom Exchange website at axiom.trade.
- Click “Sign Up” and choose to register with an email, Google account, or Phantom wallet.
- In the referral code field, enter “TradeNow”.
- Complete the registration process by setting a password or connecting your wallet.
- Deposit Solana (SOL) to start trading with the discounted fees.
Other referral codes, such as “meteora,” also provide a 10% discount, but “TradeNow” is widely recognized and reliable. Always verify codes through trusted sources like Axiom’s official documentation or community channels.
2. Increase Your Trading Volume
As shown in the fee table, higher trading volumes unlock better tiers with lower net fees and higher cashback. For example:
- A trader at the Wood tier pays a 0.95% net fee with 0.05% cashback.
- A trader at the Champion tier pays only a 0.75% net fee with 0.25% cashback.
By actively trading, you can progress through the tiers, reducing your overall costs. This is particularly beneficial for high-frequency traders or those dealing with large volumes.
3. Optimize Solana Transaction Fees
Since Axiom Exchange operates on the Solana blockchain, you may incur additional fees for transaction prioritization, especially during high network congestion. Axiom provides tools to customize these settings:
- Priority Fee: An extra payment to validators for faster transaction confirmation. The default is 0.001 SOL, but you can adjust it based on network conditions.
- Bribe: An additional fee to ensure transaction success during peak times.
To minimize these costs, monitor network congestion and adjust your priority fee settings via Axiom’s dashboard. Lower fees can be used during less busy periods to save on costs.
Options for Existing Axiom Exchange Members
If you’re an existing Axiom Exchange user who didn’t use a referral code during sign-up, you may be unable to apply a code like “TradeNow” to your current account. Referral discounts are typically locked in at account creation. However, there’s a practical solution:
Create a New Account with “TradeNow”
To take advantage of the 10% fee discount, you can create a new account using a different email address or a separate wallet (e.g., a new Phantom wallet). Follow these steps:
- Go to axiom.trade and click “Sign Up.”
- Use a new email or connect a different wallet.
- Enter the “TradeNow” referral code in the designated field.
- Complete the registration and deposit SOL to start trading with the discount.
Important: Manage your accounts carefully to avoid confusion. Ensure you securely store the seed phrase for any new wallet created, as it’s critical for accessing your funds.
Beware of Fake Referral Codes
While referral codes are a great way to save on fees, some sources promote fake codes claiming unrealistic discounts, such as 20% or 30% off trading fees. These are often scams designed to mislead users or direct them to phishing sites.
How to Avoid Fake Codes:
- Use Trusted Sources: Obtain codes from Axiom’s official channels, such as their documentation or verified community platforms like Discord or Medium.
- Verify Legitimacy: Codes like “TradeNow” are confirmed by multiple sources, including articles from Medium and AcademyFlex.
- Avoid Suspicious Links: Do not click on unverified links or join Telegram groups promising exclusive codes, as they may lead to phishing attempts.
If a code seems too good to be true, it likely is. Stick to well-known codes like “TradeNow” or consult Axiom’s official resources.
Additional Strategies to Minimize Fees
Here are a few more tips to keep your trading costs low on Axiom Exchange:
- Leverage Advanced Tools: Axiom’s wallet tracking and Twitter monitoring features can help you identify high-potential trades, maximizing profits relative to fees.
- Trade During Low Congestion: Solana network fees are lower during periods of low network activity. Time your trades strategically to reduce priority fees.
- Use the Axiom Trade Helper Extension: The [Axiom Exchange Trade Helper Chrome extension]
Conclusion
Minimizing trading fees on Axiom Exchange can significantly enhance your profitability, especially for high-frequency traders. By using the “TradeNow” referral code, increasing your trading volume to unlock higher tiers, and optimizing Solana transaction fees, you can effectively reduce costs. Existing users can benefit from the referral discount by creating a new account with “TradeNow,” but caution is advised to avoid fake codes promising unrealistic discounts.
Axiom Exchange’s tiered fee structure, combined with its advanced tools and referral discounts, makes it a cost-effective platform for savvy traders. Always verify referral codes through trusted sources and leverage Axiom’s features to trade smarter and save more.
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