OKX Web3 Wallet's "Market" section is a one-stop platform for discovering popular tokens, performing data analysis, and trading. It includes convenient features like the Meme Factory, helping users easily and intuitively discover on-chain opportunities.
The "Trade" function within the OKX Web3 Wallet is one of Web3's most comprehensive multi-chain and cross-chain trading aggregators. It integrates over 30 public chains, 25+ cross-chain bridges, 400+ decentralized exchanges (DEXs), and supports more than 300,000 different tokens. Utilizing its self-developed X Routing smart routing technology, a single user transaction can simultaneously access multiple DEXs to ensure execution at the best possible price, all while offering limited-time zero trading service fees. Additionally, the trading feature is equipped with an intent-based trading mode, a DEX market section, limit orders, KYT (Know Your Transaction) detection, and MEV (Maximal Extractable Value) protection, providing a full suite of convenient trading tools.
What Exchange Modes Does OKX DEX App Support?
| Mode | Description |
|---|---|
| Easy Mode | Easy Mode offers a user-friendly interface, allowing users to quickly perform buy and sell operations. It is designed for beginners with simple steps, primarily for fast digital asset transactions. |
| Meme Mode | Meme Mode focuses specifically on trading meme tokens. Users can view and trade tokens related to popular internet memes, making it ideal for enthusiasts of this asset class. |
| Swap Mode | Swap Mode supports both market and limit order swaps, enabling more complex trading operations. Users can set slippage tolerance and choose the best price for their trades, catering to those with some trading experience. |
| Pro Trading Mode | Professional Trading Mode supports in-depth data analysis and advanced trading settings, allowing users to execute more sophisticated trading strategies. |
| Cross-Chain Bridge Mode | Cross-Chain Bridge Mode enables users to transfer assets between different blockchain networks, supporting asset exchange across numerous public chains. Users select the sending and receiving networks, and the system automatically chooses the optimal path for the transfer, ideal for those needing cross-chain functionality. |
Step-by-Step Guide to Using OKX DEX
Step 1: Create or Import a Wallet
- Open your OKX Web3 Wallet and select [Create Wallet] -> [Create Now].
- Set a secure password for your wallet.
- Back up your secret recovery phrase (mnemonic phrase). You can back it up securely using iCloud or write it down physically.
Important: Always securely back up your wallet's recovery phrase or private key. If you lose it, your assets cannot be recovered. Keep your phrase secret; anyone who obtains it gains full control of your wallet and funds.
Step 2: Transfer Assets In
After securely backing up your wallet, you can fund it to begin trading. Click [Receive], search for the token you wish to trade, and navigate to its detail page to find your deposit address. Open another exchange or wallet, paste the copied address or scan the provided QR code to send funds.
Friendly Reminder: Before initiating any transaction, ensure your wallet has enough of the native token to pay for network gas fees. For example, you need ETH on the Ethereum network and SOL on the Solana network.
Step 3: Explore Available Tokens
OKX DEX features a token market section, helping you keep an eye on popular assets anytime, anywhere. Click on trending sectors to quickly browse current hotspots, such as Solana or TikTok AI tokens.
Step 4: Analyze Price Trends
On the market page, click on any individual token, like ETH, to enter its detail page. Here, you can view relevant charts (like K-line graphs), token overviews, trading history, liquidity pool changes, and other key information.
You can also use the main [Market] page to view popular tokens at any time or click on any listed token to proceed directly to a trade.
Step 5: Execute a Trade
On a token’s details page, click [Trade], select your preferred trading mode, and execute your transaction. 👉 Explore more strategies for efficient trading
Step 6: Review Your Transaction History
After completing a trade, you can click the history icon to review your past transactions. This history supports jumping to a block explorer to view the details of any specific transaction. If you have many transactions, you can use network filters to sort through them.
Frequently Asked Questions
What is a Web3 wallet?
A Web3 wallet is a digital tool that allows you to store cryptocurrencies and interact with decentralized applications (dApps) on various blockchains. Unlike traditional wallets, it gives you full control (self-custody) of your private keys and assets.
Why do I need gas fees, and how can I estimate them?
Gas fees are payments made to network validators to process and confirm transactions on a blockchain. The fee amount fluctuates based on network congestion. Most wallets, including OKX, provide a gas fee estimate before you confirm a transaction, allowing you to choose between speed and cost.
What is the difference between a market swap and a limit order?
A market swap executes immediately at the current best available market price. A limit order allows you to set a specific price at which you want your trade to execute, which may happen now or in the future if the market reaches your price.
Is it safe to trade on a DEX?
Trading on a DEX is generally considered safe as you retain custody of your funds throughout the process; they are never held by a central intermediary. However, always be aware of smart contract risks, impermanent loss in liquidity pools, and the potential for token scams—only trade tokens you have researched.
What does 'slippage' mean?
Slippage is the difference between the expected price of a trade and the price at which it actually executes. It often occurs in periods of high volatility. Setting a slippage tolerance in your swap settings helps protect you from unexpectedly poor trade executions.
Can I cancel a transaction after it's been sent?
Once a blockchain transaction is broadcasted, it typically cannot be canceled. However, if it is still pending in the mempool (not yet confirmed), you may sometimes be able to speed up or replace it by offering a higher gas fee, depending on the network and wallet support.