For Chinese-speaking users, OKX, Huobi, and Binance dominate as the top three cryptocurrency exchanges. This article provides a detailed comparison of their transaction fees, margin requirements, and ease of use to help traders optimize costs.
Key Factors Influencing Fees
Understanding these elements ensures cost-effective trading:
Maker vs. Taker:
- Maker (limit orders): Lower fees (e.g., 0.1%).
- Taker (market orders): Higher fees (e.g., 0.15%).
- Platform Token Discounts:
Binance and Huobi offer reduced fees when paying with native tokens (BNB, HT); OKX lacks this feature.
Spot Trading Fee Comparison
1. Base Fees (No Discounts)
| Exchange | Maker Fee | Taker Fee |
|----------|----------|----------|
| Binance | 0.1% | 0.1% |
| Huobi | 0.2% | 0.2% |
| OKX | 0.1% | 0.15% |
Lowest: Binance (0.1% flat).
2. With Platform Token Discounts
- Binance: 0.075% (using BNB).
- Huobi: No change (0.2%).
- OKX: Not applicable.
👉 Maximize savings with Binance’s BNB discounts
Futures Trading Fees
| Exchange | Maker Fee | Taker Fee |
|----------|----------|----------|
| Binance | 0.02% | 0.03% |
| Huobi | 0.02% | 0.03% |
| OKX | 0.02% | 0.05% |
Best for Newbies: Binance/Huobi (0.02% maker).
Margin Requirements
Project Listing Deposits
| Exchange | Deposit Required | Refund Policy |
|----------|------------------|---------------|
| Binance | None | N/A |
| Huobi | 500K HT | 12-month分期 |
| OKX | 200K–300K OKB | 12-month分期 |
Lowest Barrier: Binance (no deposit).
Ease of Use: Pros and Cons
OKX
- ✅ Strong security, independent wallet.
- ❌ Limited earn products.
Huobi
- ✅ Diverse earn options.
- ❌ High fraud risk (blacklisted U).
Binance
- ✅ Best liquidity, fast reimbursements.
- ❌ Poor UI, frequent hacks.
👉 Trade securely with Binance’s robust ecosystem
FAQs
Q1: Which exchange is cheapest for spot trading?
A: Binance (0.1% base, 0.075% with BNB).
Q2: Does OKX offer futures fee discounts?
A: No, but its base maker fee (0.02%) matches competitors.
Q3: Which platform has the lowest margin requirements?
A: Binance imposes no project deposits.
Q4: Is Huobi safe for withdrawals?
A: Riskier due to lax KYC; OKX/Binance are safer.
Final Recommendation
Binance leads in lowest fees and minimal margins, while OKX excels in security. Choose based on priorities:
- Cost-saving: Binance.
- Safety: OKX.
Always verify fees and policies directly on exchange websites.