Post
Topic
Board Trading Discussion
Re: binance vs decentralized exchange
by
AmoreJaz
on 09/08/2023, 23:55:34 UTC
I have been meaning to get back into trading and futures for a while. I left binance do with KYC but thinking of sucking it up and excepting it. Looking at alternatives though dydx came to my attention. What are they like and is there any other good Perpetual exchanges that are non KYC


All matter with your choice if you can accept the KYC requirement ask by binance then they are a fine choice since there's a lot to do there and volume is good. Also trading with futures is reliable that's why I always choose them when I want to trade.

But if you don't find anything good with them then choose decentralized exchange since it maybe can fullfil your needs on a exchange but the problem is volume if they get enough on each token we want to trade or if we can see the best token choices to trade their.

at the end of the day, what you need to think about is the security of your funds. many are still going to CEX like binance because they trust this exchange with their funds. even if they are requiring kyc, it depends on your needs here. you can always use the DEX platform but what services are you really interested in? this is why every trader has their own preferences, because it depends on what they need for specific exchange.