| FEATURE | VELOCITY | NADO |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.06% | 0.035% |
| Maker Fee | -0.0025% | 0.01% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 4 | 77 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 2.5 | 3.6 |
Velocity vs Nado: key differences
Velocity is still in recovery after a security incident. Read the status notice in the Velocity review before depositing.
Opening and closing a $10,000 position with market orders costs $7.00 on Nado and $12.00 on Velocity at base-tier taker fees, a difference of $5.00 per round trip.
For limit orders, Velocity pays makers a 0.0025% rebate, while Nado charges makers 0.01%.
Nado allows up to 50x leverage against 20x on Velocity. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Nado lists 77 perpetual markets, Velocity lists 4.
Nado also has spot trading; Velocity is perpetuals only.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDT, SOL, wBTC, wETH on Velocity and in USDT0, USDC, wETH, kBTC +2 more on Nado.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Velocity | Nado | |
|---|---|---|
| Taker round trip on $10,000 | $12.00 | $7.00 |
| Maker round trip on $10,000 | $0.50 rebate | $2.00 |
| Best-tier taker fee | 0.02% | 0.015% |
| BTC max leverage | 20x | 50x |
| Margin modes | cross-margin | cross, isolated |
| 24h volume | — | $128M |
| TVL | $343M | $53M |
| Custody | non-custodial | non-custodial |
| Collateral | USDT, SOL, wBTC, wETH | USDT0, USDC, wETH, kBTC +2 more |
| Deposit networks | Solana | Ink |
| Minimum order | — | $100 |
| Order types | 11 | 8 |
| Options | No | No |
| Mobile app | Yes | No |
| Testnet or demo | No | Yes |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | No |
| Restricted jurisdictions | — | 10 |
| Founded | 2021 | 2025 |
Choose Velocity if
- You have read its recovery status first: users affected by the earlier incident have not been made whole.
- You place limit orders: makers earn a 0.0025% rebate.
- You trade from a phone: Velocity has a mobile app.
- You want a sign-up discount: 5% off fees through a referral link.
Choose Nado if
- You mostly use market orders: 0.035% taker fee against 0.06% on Velocity.
- You want higher leverage: up to 50x against 20x.
- You trade smaller or newer markets: 77 perpetual pairs against 4.
- You want spot and perpetuals in one account.
Velocity
PROS
- + Trading is open again: the public beta has been available to all users since September 21, 2026, with BTC, ETH and SOL perpetuals at up to 20x leverage and HYPE at up to 10x
- + Makers receive a 0.0025% rebate on post-only orders at every volume tier, and the taker fee falls from 0.06% to 0.02% above 200 million dollars in 30-day volume
- + One cross-margin account accepts USDT, SOL, wBTC and wETH as collateral, and deposits earn lending interest while they back positions
CONS
- − About 286 million dollars was stolen on April 1, 2026 through compromised administrator keys, and verified user losses are about 295.4 million dollars
- − Affected users have recovered about 1 percent so far: each DFX recovery token redeemed for about 0.0104 USDT from a 3.11 million USDT pool in early October 2026
- − The relaunched exchange lists four perpetual markets, down from more than 40 before the exploit, and spot order book trading was removed
Nado
PROS
- + Base fees of 0.035% taker and 0.01% maker on perpetual and spot markets, falling to 0.015% taker and a 0.008% maker rebate at VIP 6 (1 billion dollars of 30-day volume)
- + One margin account covers perpetuals, spot, and lending: USDT0, USDC, wETH, kBTC, XAUT0, and tokenized xStocks such as SPYx and QQQx count as collateral, and deposits earn money market interest
- + 77 tradable perpetual markets in the Nado API (October 4, 2026), including US stock and ETF perpetuals such as NVDA, TSLA, SPY, and QQQ, three FX pairs, gold, silver, and WTI oil
CONS
- − The docs and the DeFiLlama listing show no published smart contract audit; the HackenProof bug bounty covers the web app only and pays 50 to 10,000 dollars per finding
- − View-only in the United States and Canada, and blocked in Panama, Belarus, Cuba, Iran, North Korea, Russia, Syria, and Ukraine under the Terms of Use dated August 26, 2026 and the Restricted Territories page
- − Deposits work only on Ink, so funds from Ethereum, Arbitrum, or an exchange must first be bridged or withdrawn to Ink, and each USDT0 withdrawal costs 1 USDT0
Frequently Asked Questions
Is Velocity or Nado better?
Nado has a higher rating (3.6 vs 2.5). Nado offers lower fees (0.035% vs 0.06%). Choose Velocity for its features, and Nado for lower fees.
What are the fees on Velocity vs Nado?
Velocity charges 0.06% taker / -0.0025% maker. Nado charges 0.035% taker / 0.01% maker for perpetuals.
Which has higher leverage, Velocity or Nado?
Velocity offers up to 20x, and Nado offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Velocity and Nado require KYC?
Velocity does not require KYC. Nado does not require KYC. Both restrict some jurisdictions (Velocity publishes no list we could verify; Nado lists 10), so check the terms of service for your country before depositing.
Is Velocity or Nado safer?
Velocity has been audited and runs an insurance fund, and custody is non-custodial. Nado has no published audit on record here and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.