Binance and OKX are the two most popular cryptocurrency exchanges among Chinese-speaking users. If you want to try it yourself, register on Binance for a hands-on experience, or download the Binance APP to compare the user experience on your phone.
Trading Volume and Coin Selection
Binance is the world's top exchange by trading volume, with daily trading values far exceeding other platforms. It also lists more coins and adds new ones faster. OKX has decent depth in futures trading, but overall volume falls short of Binance.
Fee Comparison
Both platforms have a base spot trading fee of 0.1%. Binance offers a 25% discount with BNB deduction, and OKX has a similar feature with OKB. Futures fees are similar between the two.
Security Comparison
Binance has the SAFU fund dedicated to protecting user assets. Both platforms support Google Authenticator, SMS verification, and other multi-factor security measures. Historically, Binance has demonstrated faster response times when dealing with security incidents.
P2P Trading Experience
Both platforms support CNY P2P trading. Binance has more P2P merchants, better order book depth, and generally faster execution.
Conclusion
For greater trading depth and a richer selection of coins, Binance is the better choice. Both platforms have their strengths, and many experienced traders use both simultaneously.