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ApeX Exchange






Last Updated Nov 17, 2023  |  Affiliate Disclosure

  • Review


  • ApeX is a decentralized crypto exchange for derivatives traders, allowing you to go long or short on 15 tokens.
  • It offers perpetual contracts with up to 30x leverage. It also has very low fees, with maker/taker fees at 0.02%/0.05%.
  • ApeX was created by Bybit, a large and reputable centralized crypto exchange with over 4 million users.

What Is ApeX?

ApeX is a decentralized crypto exchange with up to 30x leverage, allowing you to go long or short on about 15 tokens. Traders can visit ApeX.Exchange, connect their crypto wallet, deposit funds into a smart contract, and instantly start trading with no KYC or sign up requirements. It supports Ethereum and other networks like BNB Chain, Polygon, Arbitrum, Avalanche, and Optimism, allowing you fast transactions and minimal gas fees.

The ApeX exchange was created by Bybit, a very popular centralized crypto exchange with 300+ coins and 5+ million users. They launched ApeX in 2022 with the intention to build a fully trustless trading environment.

Key Features & Benefits

  • Built By Bybit: ApeX instantly gets some trust and credibility because it was built by Bybit, a very well-known crypto exchange for professional traders.
  • Low Fees & Good Trading Interface: ApeX offers lower fees than most centralized exchanges and competitors like GMX. The maker/taker fee is only 0.02%/0.05%. In addition, it has a professional and user-friendly trading experience making it an attractive platform.
  • Cross-Chain Support: ApeX supports Ethereum Mainnet as well as other Layer-2 networks such as Abitrum and Polygon, allowing for speedy transactions and minimal gas fees.
  • Rewards and Incentives: ApeX users automatically get rewarded when using the platform through Trade-to-Earn opportunities, BANA airdrops, plus other rewards.

What Does ApeX Offer?

APEX Exchange Trading Dashboard

Since I first wrote this review, ApeX has been regularly updating the platform and adding more tokens. Right now, you'll find 15 USDC trading pairs, up to 30x leverage, trade-to-earn opportunities, rewards, and low fees. The team is also focused on the social trading aspects and fostering a DeFi community. Let's go through the platform:

1. Derivatives Trading

Users can trade perpetual contracts with up to 15x or 30x leverage depending on the asset. There are 15 trading pairs in total, including BTC, ETH, XRP, ATOM, and DOGE with plans to add more tokens throughout 2023. The trading dashboard is user-friendly and similar to Bybit, offering advanced charting tools, trailing stop-loss and take-profit limit, and more. Traders can access these features anytime, anywhere, with no network fees and low waiting times.

2. Multi-Chain Support

ApeX supports multiple blockchain networks, including Ethereum, Arbitrum, Optimism, Avalanche, Binance Smart Chain, and Polygon. It also offers cross-chain deposits and withdrawals, which means you can deposit using Ethereum and withdraw to Arbitrum, or any other combination.

3. Trade-to-Earn & Rewards

ApeX's Trade-to-Earn (T2E) program rewards users with BANA tokens for every trade they make on the platform along with other perks. ApeX has also offered weekly competitions, retroactive airdrops, trade bounties, and other campaigns to earn more rewards.

4. APEX and BANA Tokens

ApeX is supported by two tokens: APEX and BANA. APEX is the governance token which allows users to have control over protocol parameters and engage in staking. BANA is a rewards token earned through participation and trading activity on ApeX Pro. BANA is created by burning a portion of the APEX supply. Both tokens play important roles in the ApeX ecosystem and offer unique benefits to their holders.

ApeX vs GMX vs Bybit

To get an objective review, we compared ApeX versus popular competitors to see how it stacks up. One of ApeX's main competitors is GMX, as both platforms offer contract trading on Arbitrum.







Ethereum, Binance Chain, Polygon, Arbitrum, Optimism, Avalanche

Arbitrum, Avalanche


Leverage Limit




Trading Fee

0.02%-0.05% maker/taker


0.10% spot, 0.01%-0.06% derivatives

Profit Sharing








Trading Pairs









ApeX Fees

Fee Type


Maker Fee


Taker Fee


Crypto Deposits


Crypto Withdrawals


Fast Crypto Withdrawals

0.10% ($5 USDC minimum)


ApeX is a decentralized exchange that is fully powered by smart contracts. In addition, it was developed by Bybit, a major crypto exchange with a good reputation. As a non-custodial platform, ApeX does not hold users' funds, which means that the safety of user funds is largely dependent on the underlying security of the platform.

ApeX uses Arbitrum Layer 2, ZK rollup technology, and Starkware's smart contract software to ensure the security of user funds. ApeX Pro also offers privacy and anonymity to users, as most Web3 wallets do not collect personally identifying information. To trade on ApeX Pro, users simply need to connect to a Web3 wallet, making trades on the platform as private as any other DEX. 

How To Buy $APEX

If you're interested in buying the APEX token, you can do so over on Bybit, a centralized crypto exchange or via Uniswap, a decentralized exchange. ApeX published an official buy page on their website with links to these two platforms. Here is a step-by-step walkthrough:

What Is Crypto Twitter Saying About ApeX?

I headed to crypto Twitter to see what people are saying about ApeX. In a detailed thread, user @CoinSurveyor explained why he switched to ApeX over other Arbitrum DEXs:

  • "GMX charges 0.1% of position size when opening and closing a position, 0.2%-0.8% of collateral size in regular swap fees and they also have network execution fees. Apex charges maker-taker fees with maker fee being 0.02% and taker fee being 0.05% and there are no gas fees."
  • 1. Better fees. 2. Better liquidity. 3. Better UX (personal preference).
  • And finally lets take a quick look at Apex compared to popular CEXs fees. As expected some of them provide slightly better fee structures but the difference is not nearly enough to justify putting my funds on a CEX.

ApeX Review

Overall, ApeX traders can go long or short on 15 tokens and enjoy competitive fees, high liquidity, and a great user interface. In addition, you get rewarded every time you make a trade on the platform. On the other hand, one of the main drawbacks to consider are its limited selection of cryptocurrencies. For more tokens, check out Mux Protocol, another fast growing DEX.

Pros & Cons

  • Low Fees: Maker/taker fees are 0.02%/0.05% and there are zero network charges.
  • Rewards: Earn rewards every time you trade plus opportunities to stake, earn airdrops, and more.
  • Easy to Use: User interface is modeled after Bybit. Plus, no minimum investment and no KYC or sign up requirements. 
  • Self-Custody Your Funds: ApeX is a DEX, so you can safely trade using your private crypto wallet. In addition, it was developed by Bybit, a very reputable company in the crypto industry.
  • Limited Selection of Tokens: ApeX only has 15 cryptocurrencies, which is much less than many centralized choices.
  • VPN For Some Countries: ApeX blocks American IP addresses.
  • Higher Leverage Available: Even though it's risky, competitors like GMX offer 50x leverage and Bybit offers 100x leverage.
  • Withdrawal Speed: Takes up to 4 hours for "slow withdrawals" ($1 fee) over L2 and $5 fee for the "fast withdrawals".

Try Bybit's Decentralized Exchange (Low Fees + No KYC)


Who Owns ApeX?

ApeX exchange is owned by Bybit, one of the largest crypto exchanges. It was launched as a decentralized version of the exchange with similar leverage trading features.

Is ApeX Exchange Available In All Countries?

ApeX exchange is available in all countries except the United States. Citizens or residents of the United States are prohibited from trading on ApeX exchange.

ApeX Resources


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