Frequently Asked Questions About OKX DEX

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What Is OKX DEX?

OKX DEX is a decentralized exchange (DEX) aggregator designed to address common trading challenges by consolidating price data and trade routes across 100+ DEXs. It recommends optimal paths with minimal slippage (the difference between expected and executed trade prices). With 100,000+ tokens across 10+ blockchains, users enjoy unparalleled choice. Key features include:

Types of DEXs and How They Work

  1. Order Book (Off-Chain/On-Chain): Mimics centralized exchanges, matching buy/sell orders.
  2. Automated Market Maker (AMM): Uses liquidity pools and smart contracts for decentralized trading. Providers earn fees for locked funds.
  3. DEX Aggregators: Consolidate prices from multiple DEXs, optimizing routes for minimal slippage.

Why Trade on DEXs?

Potential DEX Drawbacks

Why Do Transactions Fail?

How to Speed Up Transactions?

Adjust gas fees in OKX Wallet:

  1. Navigate to OKX WalletTrading.
  2. Select the three-dot menuNetwork Fee.
  3. Choose a speed (Slow/Medium/Fast) or wait for lower fees.

👉 Optimize gas fees

Do I Pay Gas Fees for Failed Transactions?

Yes. Miners/validators charge fees for processing attempts, regardless of success. Low fees risk delays or failures, requiring additional costs to resolve.

How to Check Token Purchase Prices?

  1. Open OKX WalletTrading.
  2. Select Transaction History → Token (e.g., ETH/WETH).
  3. View executed prices and gas fees.

Why Do Token Prices Differ from Executed Trades?

Slippage Explained

Slippage is the gap between expected and actual trade prices, often due to:

Minimizing Slippage

👉 Explore DEX strategies

High-Slippage Tokens

Tokens like SafeMoon require higher slippage for functions (e.g., buybacks, burns). OKX DEX auto-adjusts slippage for optimal execution.

How OKX DEX Sources Prices

X Routing algorithms:

  1. Scan on-chain liquidity pools.
  2. Split orders intelligently.
  3. Calculate optimal routes with low slippage and fees.

FAQ Section

Q: Is OKX DEX safe?
A: Yes, with Flash Bot integration and counterfeit token detection.

Q: Can I trade fiat on OKX DEX?
A: No, but OKX CEX allows fiat conversions transferred seamlessly to your wallet.

Q: Why use a DEX aggregator?
A: It compares prices across DEXs for the best deals automatically.

Q: How do I avoid failed transactions?
A: Ensure sufficient gas fees and liquidity before trading.

Q: What’s the advantage of cross-chain trading?
A: Access diverse assets without switching platforms.

Q: Are limit orders available on OKX DEX?
A: Yes, similar to CEX features.