1. What is a DEX?
A Decentralized Exchange (DEX) like OKX DEX provides a multichain trading platform that enables seamless token swaps across different blockchains. Powered by the 1inch protocol, it utilizes smart routing algorithms and cross-chain bridges to optimize transactions. Key features include:
- Automated order splitting for better price execution
- Multi-path swapping to reduce Gas fees
- Real-time market data on trading volume, latest prices, and price changes
- Risk warnings for high-volatility tokens
👉 Discover how OKX DEX simplifies cross-chain trading
2. Are DEX trades risky?
Yes, DEX trading carries inherent risks including:
- Market volatility causing price discrepancies
- Slippage due to liquidity fluctuations
- Network congestion leading to failed transactions
Always review risk disclosures and understand project fundamentals before trading. When in doubt, consult experts or postpone transactions to safeguard assets.
3. Why do transactions fail?
Common failure reasons:
- Insufficient Gas fees during network congestion
- Slippage limits exceeding preset thresholds (e.g., 3% minimum for certain tokens)
- Liquidity changes making trade amounts below minimum receivable quantity
- Duplicate transactions with insufficient balance for all requests
4. How to accelerate transactions?
On Ethereum or EVM networks:
- Adjust Gas fees from slow to average/fast Gwei
- Wait for network conditions to improve
- Cancel and retry when Gas fees decrease
👉 Optimize your DEX trading speed today
5. Are network fees charged for failed transactions?
Yes. Miners/validators charge fees for:
- Computational resources used
- Network bandwidth consumption
- Transaction processing attempts
Pro Tip: Never set excessively low fees to avoid failures or transaction blocking.
6. How to check token purchase prices?
In Web3 Wallet:
- Navigate to DEX → "..." icon → Transaction History
Select any transaction to view details including:
- Token swap ratios
- Network fees paid
- Execution timestamps
7. Why do wallet prices differ from trade execution prices?
Understanding Slippage
Slippage occurs when expected and actual trade prices differ due to:
- Limited liquidity
- Market volatility
- Large order sizes
Reducing Slippage
- Trade high-liquidity assets
- Split large orders
- Set maximum slippage tolerance
Use platforms like OKX DEX with:
- Smart routing algorithms
- Multichain liquidity aggregation
- Automated order splitting
8. Why do some tokens require higher slippage?
Tokens like SAFEMOON may need elevated slippage for:
- Liquidity pool buybacks
- Token burning mechanisms
- Holder incentive programs
OKX DEX's auto-slippage feature optimizes these scenarios for higher success rates.
9. How does OKX Wallet determine token prices?
Price discovery combines:
- Chain liquidity pool analysis
- Smart order routing
- Cross-platform depth comparison
Real-time calculation of:
- Price impact
- Slippage thresholds
- Network costs
FAQ Section
Q: Can I reverse a failed DEX transaction?
A: No. Blockchain transactions are irreversible once initiated.
Q: What's the ideal slippage setting?
A: Typically 1-3%, but adjust based on token volatility and liquidity.
Q: How do I avoid excessive Gas fees?
A: Trade during off-peak hours and use networks with lower base fees.
Q: Why does my wallet show zero balance after a swap?
A: Refresh your wallet or resync with the blockchain - delays are normal.
Q: Are DEX trades anonymous?
A: Yes, but blockchain addresses remain publicly traceable.
Q: How long do cross-chain swaps take?
A: From 2 minutes to several hours depending on network congestion.