which one is better okx or binance

OKX and Binance, leading crypto exchanges, offer distinct advantages; OKX boasts lower fees (0.06% vs. Binance's 0.1%), while Binance provides more trading pairs (1463 vs. 708). Choosing depends on individual needs.

Mar 19, 2025 at 05:46 pm

Transaction fee

• Binance : The spot transaction fee standard is 0.1%. If the user holds Binance Coin (BNB) and chooses to use BNB to pay the handling fee, he can enjoy a certain discount and the minimum can be reduced to 0.075%. In futures trading, the handling fee varies according to different contract types and trading pairs, generally as low as 20,000. This fee system is more friendly to high-frequency trading users and users holding BNBs, and can effectively reduce transaction costs. For example, a high-frequency spot trading user has a large daily trading volume and using BNB to pay the handling fee can save considerable fees in the long run.

• OKX : The spot transaction fee is as low as 0.06%, which is lower than Binance's standard handling fee. In futures trading, the handling fee is as low as 3/10,000. OKX's handling fee is set in some trading scenarios, which can provide users with more cost-effective trading options. For users who focus on transaction costs, especially for small and high-frequency transactions, OKX's lower handling fees may be more attractive. Each transaction can save a little cost and accumulate a lot.

Number of transaction pairs

• Binance : As one of the world's largest cryptocurrency exchanges, it has an extremely rich trading pair, with a number of up to 1,463. This means that users can find almost all the mainstream and a large number of non-mainstream cryptocurrency trading pairs here. Whether it is the popular Bitcoin (BTC), Ethereum (ETH), or some emerging niche crypto projects, they can be traded on Binance. For investors who are keen to explore various cryptocurrency investment opportunities, especially for emerging projects, Binance’s rich trading pairs offer more options.

• OKX : There are 708 trading pairs in total. Although the number is less than Binance, it also covers currency and derivative trading pairs of major digital assets such as Bitcoin, Litecoin, and Ethereum. OKX's trading pairs can meet the needs of most ordinary investors for mainstream cryptocurrencies and common derivatives trading. If your trading needs are mainly focused on mainstream cryptocurrencies and their related derivatives, OKX's trading pairs are completely sufficient.

Trading functions and special services

• Binance : The special trading services are rich and diverse. In addition to conventional currency trading, it also provides a variety of trading methods such as leverage trading and futures trading to meet the needs of investors at different levels. At the same time, Binance is also actively expanding its business areas and providing services such as blockchain education, blockchain project incubation, blockchain asset issuance platform, blockchain research institute, and blockchain public welfare and charity to the world. For example, its blockchain education sector provides novice investors with channels to learn cryptocurrency knowledge; blockchain project incubation helps promote the development of emerging blockchain projects. This diversified service ecosystem has made Binance not only a trading platform, but also a comprehensive service provider in the cryptocurrency industry.

• OKX : Excellent in futures, leveraged trading and derivatives markets, its unique social trading capabilities are a highlight. Users can follow top traders to share their investment experience through this function. This social interaction greatly enhances the user's sense of participation and stickiness, creating a vibrant community-based trading environment. For those novice investors who lack trading experience and want to learn from other people's successful trading strategies, OKX's social trading feature provides a great learning and practice platform.

Security

• Binance : Adopt multi-layer security measures to protect user assets. Huge investment in cold wallet storage, storing most user assets in cold wallets. The cold wallet stores private keys offline, greatly reducing the risk of being stolen by hackers online, just like storing precious treasures in a sturdy safe. At the same time, Binance's API risk control system has strict access control and monitoring mechanisms, carefully reviews each API request, monitors API usage in real time, and can promptly discover and block abnormal requests, ensuring the secure transmission of transaction data and normal transactions. However, Binance has also had many hacking incidents, such as losing 40 million US dollars in 2019 and coin theft incidents in 2020, which shows that even with strong security measures, users still need to cooperate and take the initiative to control risks.

• OKX : Similarly, a considerable proportion of user assets are stored in cold wallets. Its cold storage mechanism has a strict protection system, which effectively avoids hacking due to network connections and adds security to user assets. In API risk control, OKX uses advanced technical means to provide comprehensive protection for the API through multi-factor authentication and encryption technology. Only legitimate users with strict authentication can operate through the API, greatly reducing the risk of the API being maliciously exploited. OKX has not yet had any major safety accidents since its establishment, which proves to some extent the effectiveness of its safety measures.

Quality of service

• Binance : Provides 24-hour customer support and answers user questions at any time. Whether users encounter technical problems, account problems or questions about trading rules during the transaction process, they can get timely help from customer service. Its trading system has high stability and reliability, ensuring that users can conduct trading operations smoothly, and there are few transaction lags, disconnections and other situations that affect the trading experience. In addition, Binance supports multiple languages, making it convenient for users in different regions around the world.

• OKX : Also provides 24 hours of uninterrupted customer service to ensure that users can resolve problems at any time. The stability of the trading system is also at a high level in the industry, and can cope with the pressure of a large number of users to trade at the same time and ensure the real-time and accuracy of the transaction. OKX also focuses on optimization of user experience, constantly updating and improving the platform interface to make it more concise and easy to use.