01.xyz Review: Is It Worth Using?

01.xyz (often referred to simply as “01 Exchange”) is a decentralized cryptocurrency trading platform focused on perpetual futures and derivatives markets. It positions itself as a high-performance, non-custodial exchange that aims to combine the speed and features of centralized exchanges with the transparency and security of decentralized finance (DeFi). According to its official description, the platform offers fast trade execution, structured trading products, support for deposits from multiple blockchains, and markets across 20+ assets. It highlights community-driven development and trader-centric design principles. Read this 01.xyz Review to know more about the platform.

What is 01.xyz?

01 Exchange is a decentralized cryptocurrency trading platform focused on perpetual futures and leveraged derivatives. Operating through its interface at 01.xyz, the platform aims to combine the performance and trading tools of centralized exchanges with the transparency and self-custody model of DeFi. It enables users to trade directly from their wallets without depositing funds into a centralized account, positioning itself as a non-custodial alternative for active and professional crypto traders.

Key Highlights

• Decentralized, non-custodial derivatives exchange
• Focused mainly on perpetual futures trading
• Wallet-based trading without asset custody
• Supports leveraged positions on multiple crypto assets
• Designed for fast execution and active trading
• Targets users seeking CEX-like features in a DeFi setup
• Limited public regulatory or licensing disclosures
• Best suited for experienced traders who understand derivatives risk

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01.xyz Review: Features

• Perpetual Futures Trading: Offers decentralized perpetual futures markets where traders can take long or short positions without expiry.
• Advanced Derivatives: Includes power perpetuals (novel instruments designed to give option-like exposure without strikes or expiries).
• On-Chain Limit Orderbook: Fully decentralized orderbook execution integrated with Project Serum, supporting deep liquidity and professional trade execution.
• Cross-Collateral & Cross-Margin: Enables traders to use multiple collateral assets and share margin across positions for capital efficiency.
• Structured Trading Products: Structured products designed for various risk profiles, appealing to both beginners and seasoned traders.
• Cross-Chain Asset Deposits: Allows deposits of assets like USDC from multiple blockchains (e.g., Ethereum) using bridges like Wormhole.
• Yield-Generating Pools: Some pools may offer passive yields via lending/borrowing mechanics integrated into the protocol’s liquidity infrastructure.
• Fast Execution & Low Fees: Built on high-throughput networks (e.g., Solana) to enable quick confirmations and low on-chain costs.
• No Central Custody: Users trade directly from connected wallets; 01.xyz does not custody user funds.

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01.xyz Review: Trading Fees

Tier	30-Day Trading Volume	Maker Fee	Taker Fee
1	≤ $5M	0.01%	0.035%
2	> $5M	0.005%	0.03%
3	> $25M	0%	0.025%
4	> $100M	0%	0.023%
5	> $1B	0%	0.02%

01.xyz Review: How to get started?

Connect Your Wallet

• Visit 01.xyz and click Connect Wallet.
• Supported wallets typically include MetaMask and Phantom (Solana).
• Make sure your wallet has funds (e.g., USDC) to trade.

Bridge or Deposit Assets

• If your assets are on a different chain, use a bridge (e.g., Wormhole) to move them into the correct network.
• Deposit collateral (usually stablecoins like USDC) into the 01 Exchange smart contract before trading.

Choose a Market

• Select the perpetual futures market you want to trade (e.g., BTC-USD, ETH-USD).
• Review liquidity, leverage options, and funding rates for that market.

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Select Order Type

• Enter your order details:
  • Order type (limit or market)
  • Position (long or short)
  • Leverage amount
  • Size/quantity of position
• If placing a limit order, set your desired price.

Review Fees and Risk

• Check your maker or taker fee tier based on 30-day volume.
• Confirm margin usage and liquidation parameters.

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Execute Trade

• Submit your order.
• For limit orders, monitor the orderbook until execution.
• For market orders, execution occurs immediately at the best available price.

Manage Positions

• Monitor your open positions from the dashboard.
• Set stop-loss or take-profit levels if desired.
• Adjust collateral or close the trade when appropriate.

Withdraw Profits

• When ready, close positions and withdraw collateral back to your connected wallet.
• Bridge assets back to your preferred chain if needed.

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01.xyz Review: Who can use?

The 01.xyz trading platform is available only to users who comply with its legal and regulatory access requirements. Certain jurisdictions and entities are restricted from using the platform.

Access Restrictions

You may not use 01 if you are:

• A resident, citizen, or entity based in sanctioned or restricted jurisdictions, including:
  • United States
  • Canada
  • Cuba
  • Iran
  • North Korea
  • Syria
  • Myanmar
  • Russia (including occupied or controlled regions)
• Incorporated, operating, or conducting business from restricted regions
• Subject to international sanctions or legal limitations

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Scope of Restrictions

Restrictions may apply based on:

• Place of residence
• Citizenship
• Place of incorporation
• Primary business operations
• Physical location at the time of access

User Responsibility

By accessing and using 01.xyz, you confirm that:

• You are not located in or associated with restricted jurisdictions
• Your use of the platform complies with applicable laws
• You accept full responsibility for regulatory compliance in your region

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01.xyz Review: Points Program

01 Exchange runs a structured Mainnet Points Program designed to recognize and reward user engagement on the platform. The program allocates a total of 10,000,000 non-monetary points, distributed weekly based on eligible on-chain activities.

• Total Supply: 10,000,000 Points
• Distribution Schedule: Every Monday
• Nature of Points: Non-transferable and non-monetary
• Purpose: Measure and acknowledge user participation
• Redeemability: Not redeemable for cash, crypto, or assets

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Phase	Duration	Total Points	Weekly Distribution
Private Mainnet (Invite Only)	10 Weeks	3,750,000	375,000
Public Mainnet Alpha	8 Weeks	2,375,000	296,875
Public Mainnet Beta	12 Weeks	1,875,000	156,250
Community Rewards	Ongoing	1,000,000	As Allocated
Liquidity Program	Ongoing	1,000,000	As Allocated

Conclusion

01 Exchange positions itself as a decentralized, non-custodial derivatives platform built for active and professional traders. With features like perpetual futures, on-chain orderbooks, volume-based fee tiers, and a structured Points Program, it aims to deliver a CEX-like trading experience within a DeFi framework.

The platform is best suited for users who understand leveraged trading, risk management, and on-chain execution. Its competitive fee structure and liquidity-focused incentives are attractive for high-volume traders, while the non-custodial model enhances transparency and user control. However, geographic restrictions, limited regulatory clarity, and the inherent risks of derivatives trading mean that users should proceed with caution and conduct their own due diligence.

Overall, 01.xyz is a solid option for experienced traders seeking decentralized perpetual markets, but it may not be ideal for beginners or users in restricted jurisdictions.

Frequently Asked Questions