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.
We do really have the choice on which one we would really be that using whether on Binance or would be sticking with Dex because you are really that minding about that privacy and total decentralization on which this is
something that you would really be mainly in concern. We do know that there are really that things in life that we would be needing to go with the flow if we are really that finding that kind of convenience on which we cant really deny the fact that these centralized platforms do offer something which other platforms doesnt have on which means that you would really be that making up that kind of consideration on trying out to touch up that space and on the time that you do see that it do give out that kind of convenience or benefits then this is where you would be making out some reconsiderations. We cant really be able to deny that Binance is really indeed a good platform in speaking about trading tools and other essentials with your trading plus having those features which you could make out direct conversion with your crypto to fiat via P2P which its not something that you will be able to do with those decentralized platforms. This is why even if we do hate to accept out about centralized platforms privacy opposition on the general idea of crypto space but we cant really be able to ignore
on whats its benefits into the people or trader.