GMX Referral Code "SHARE'' Get 20% Off On Trading Fees

If you are searching for the best way to reduce your trading fees and maximize your rewards on GMX, using the GMX referral code “SHARE” is the simplest and most profitable method. GMX is one of the most trusted decentralized perpetual exchanges that offers low fees, deep liquidity, leverage trading up to 50x and a seamless trading experience on Arbitrum and Avalanche.
By applying the referral code SHARE, new users can instantly save 20% on trading fees and enjoy additional protocol benefits.
This article provides a complete, SEO-optimized guide covering how to use the code, benefits, features of GMX, fee structure, trading tools, rewards, and everything you need to know before you start.

What Is GMX?
GMX is a decentralized perpetual futures and spot exchange that allows traders to open leveraged positions directly from their crypto wallet. Built on Arbitrum and Avalanche, GMX is known for its speed, low fees, and transparent on-chain execution. Unlike centralized exchanges, GMX does not require KYC or handing over custody of your assets.
Traders can trade major assets like BTC, ETH, and AVAX with up to 50x leverage. Liquidity providers earn fees through the GLP pool, and GMX token stakers get a share of platform revenue. The combination of simplicity, security, and robust liquidity has made GMX one of the most widely used perpetual DEXs.

GMX Referral Code “SHARE” – Overview
The GMX referral code “SHARE” offers new users a 20% discount on trading fees. The referral program is designed to reward both referrers and new traders, making it an ideal way to start trading with reduced cost.
Key Benefits

Instant 20% fee discount on every trade

No KYC required

Works on both Arbitrum and Avalanche

One-time code setup

Available for perpetual futures and spot swaps

How to Use the GMX Referral Code “SHARE”
Using the referral code takes just a few seconds. Here are the steps:
Step 1: Visit the Official GMX Exchange
Go to the official GMX website.
(Always ensure you are on the correct domain to avoid phishing risks.)
Step 2: Connect Your Crypto Wallet
You can connect wallets like:

MetaMask

Trust Wallet

Coinbase Wallet

Rabby

WalletConnect-supported apps

Step 3: Enter the Referral Code
Navigate to the Referrals section and enter the code:
SHARE
This will activate the 20% trading fee discount.
Step 4: Start Trading
After applying the code, you can begin trading perpetual futures or swap assets instantly.

Why Use the GMX Referral Code?

1. Saves Money Trading fees add up quickly, especially for active traders. With 20% off all trades, you minimize costs and maximize profits.
2. No Hidden Terms There are no complicated requirements. Apply the code once and enjoy long-term benefits.
3. Works on Multiple Networks No matter which chain you prefer (Arbitrum or Avalanche), the code works seamlessly across both.
4. Perfect for New and Experienced Traders Whether you are a beginner or professional trader, reduced fees are always beneficial.

What Makes GMX Unique?
GMX is more than just another DEX. It offers a combination of features that are difficult to find elsewhere.

1. Deep Liquidity Through the GLP Pool GLP is a basket of assets used to provide liquidity for trading. Liquidity providers earn revenue from:

Trading fees

Liquidation fees

Borrow fees

This ensures traders always have sufficient liquidity for leverage positions.

1. Low Execution Fees GMX is known for being one of the cheapest perpetual platforms due to its efficient oracle system powered by Chainlink.
2. Real-yield Rewards Unlike speculative tokens, GMX distributes real revenue to stakers in ETH or AVAX.
3. Transparent and On-Chain Every transaction, position, and liquidation is recorded on-chain for maximum transparency.

Features of GMX Exchange

1. Perpetual Futures Trading Trade BTC, ETH, LINK, AVAX, and more with leverage up to 50x. You can go long or short and earn from price movements.
2. Spot Swaps Swap crypto assets instantly with low slippage.
3. No KYC Decentralized trading without identity verification.
4. On-Chain Execution Trades are executed using a mix of oracles and pool liquidity, ensuring minimal slippage and high fairness.
5. Multi-Chain Support

Arbitrum One

Avalanche C-Chain

1. User-Friendly Interface Simple dashboards, advanced charting, and one-click leverage trading.

GMX Trading Fee Structure
Understanding the fee model helps maximize savings with the referral code.

1. Opening and Closing Fees GMX charges a fixed percentage fee on leveraged positions. Using the referral code reduces these fees by 20%.
2. Borrowing Fees Borrow fees vary based on asset utilization but are generally lower compared to centralized exchanges.
3. Swap Fees Spot swaps incur minimal fees due to the GLP liquidity design.
4. Zero Price Impact Trades Because trades are executed using oracle prices, large orders do not cause excessive slippage.

Supported Assets on GMX
GMX supports popular digital assets for leverage trading, including:

Bitcoin (BTC)

Ethereum (ETH)

Chainlink (LINK)

Avalanche (AVAX)

Solana (via synthetic markets)

Stablecoins like USDC, USDT, DAI

The platform keeps expanding its list, supported by GLP liquidity pools.

Why GMX Is Popular Among Traders

1. Decentralized and Secure No centralized custody. Your assets remain in your wallet until the moment of trading.
2. Fast Execution Optimized for Arbitrum’s high-speed, low-cost environment.
3. Fair Pricing GMX uses Chainlink oracles for accurate index prices.
4. Passive Income Opportunities Stake GMX or provide liquidity through GLP to earn protocol fees.
5. Lower Fees Than CEXs Most centralized exchanges charge higher maker/taker fees. GMX’s fees are already low, and with the SHARE code, they drop even further.

Step-by-Step Guide to Trading on GMX
Here is a quick overview for beginners:
Step 1: Bridge Funds to Arbitrum or Avalanche
Deposit ETH or stablecoins using popular bridges or centralized exchanges.
Step 2: Buy or Mint GLP (Optional)
If you want to earn passive rewards, you can purchase GLP tokens.
Step 3: Open a Trade
Select your asset, choose long or short, set leverage, and confirm the transaction.
Step 4: Monitor Your Position
Use built-in charts, liquidation level markers, and PnL tracking.
Step 5: Close the Trade
Withdraw profits directly to your wallet.

GLP Token: Liquidity Provider Token
The GLP token represents a basket of assets used to support trades on GMX. It includes:

BTC

ETH

Stablecoins

AVAX (on Avalanche)

Benefits of Holding GLP

Earn a share of trading fees

Low volatility due to diversified basket

High passive APY

Hedge against trading volume increases

GMX Token: Utility and Governance
GMX is the native token of the GMX protocol. It offers:

Staking rewards

Voting power in governance

Escrowed GMX (esGMX) vesting

Loyalty multipliers

Stakers earn a percentage of platform fees in ETH or AVAX, providing real on-chain yield.

Security and Transparency
GMX has built a strong reputation due to its commitment to security:

No custodial risks

Transparent smart contract audits

Oracle-based pricing

Community-driven governance

Millions of dollars in daily trading volume speak to the reliability of the platform.

Pros and Cons of GMX
Pros

No KYC

Low trading fees

Oracle-based execution

Multi-chain support

Passive rewards via GLP & GMX staking

Transparent and decentralized

Cons

Limited number of tradable assets compared to CEXs

Requires basic Web3 wallet knowledge

Higher gas fees during network congestion

Who Should Use GMX?
GMX is ideal for:

Traders who prefer decentralized trading

Scalpers and high-frequency traders seeking low fees

Long-term crypto investors wanting passive income

Users who dislike KYC

Traders who frequently open leveraged positions

Tips to Maximize Your Benefits on GMX

Always activate the SHARE referral code before trading

Use Arbitrum for lower gas fees

Stake GMX to earn real-yield rewards

Monitor borrowing fees during high volatility

Use stop-loss and take-profit tools

Track GLP composition before investing

Frequently Asked Questions (FAQ)
What is the GMX referral code?
The official GMX referral code is SHARE, offering 20% off trading fees.
Is GMX safe?
Yes. GMX is a decentralized, transparent, and audited platform with on-chain execution.
Is KYC required on GMX?
No. You can trade anonymously using your crypto wallet.
Does the referral code work on Arbitrum and Avalanche?
Yes. The SHARE code works on both networks.
Can I withdraw profits anytime?
Yes, you retain full control of your assets since trading is non-custodial.

Final Thoughts
GMX has emerged as one of the most powerful decentralized perpetual trading platforms due to its transparency, low fees, fast execution, and real-yield rewards. If you want to begin trading on GMX with maximum savings, using the GMX referral code “SHARE” is the best way to instantly reduce your trading fees by 20%.
Whether you are a professional trader or a beginner entering the world of DeFi, GMX provides a secure, efficient, and rewarding ecosystem. Activate the code, start trading smarter, and make the most out of decentralized finance.