What are the differences between FTX, Binance, and OKEx in terms of fees, security, and available trading pairs?

3 answers

• Dec 25, 2021 · 3 years ago
  When it comes to fees, FTX offers a tiered fee structure based on trading volume, with lower fees for higher volume traders. Binance also has a tiered fee system, but it offers lower fees for users who hold BNB, the native cryptocurrency of the Binance platform. OKEx, on the other hand, charges a flat fee for all trades, regardless of trading volume or user status.
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• Dec 25, 2021 · 3 years ago
  In terms of security, all three exchanges have implemented various measures to protect user funds. FTX and Binance both employ cold storage for the majority of their funds, keeping them offline and out of reach from potential hackers. OKEx also uses a combination of hot and cold wallets to secure user assets. Additionally, all three exchanges have implemented two-factor authentication (2FA) to provide an extra layer of security for user accounts.
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• Dec 25, 2021 · 3 years ago
  As for available trading pairs, FTX, Binance, and OKEx all offer a wide range of cryptocurrencies for trading. FTX has a comprehensive selection of trading pairs, including major cryptocurrencies like Bitcoin and Ethereum, as well as lesser-known altcoins. Binance, being one of the largest exchanges in the world, also provides a vast array of trading pairs, catering to both beginner and advanced traders. OKEx, although not as well-known as FTX and Binance, still offers a diverse range of trading pairs, allowing users to trade various cryptocurrencies with ease.
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