Quote from: Wapfika on Today at 10:19:32 AM

Quote from: forestx on August 08, 2023, 02:47:07 PM

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

Dxdy is the most popular DEX for perpetual trading but it still doesn't beat the Perpetual trading of CEX like Binance that offers better trading fee and more assets choices than Dxdy that only offers few tokens due to the blockchain limitations since their transaction is on-chain.

I think nothing beats Dxdy now since most of its competitors is just small and doesn't have much liquidity compared to them. Dydx is your best exchange to rrade perps without any issue to do KYC for now.

Dydx is a preferable option for those who do not want to reveal their identity during a transaction. However, if you are fine with the information they require, you should go with Cex. Cex is the finest in terms of features, but Dex is the best in terms of security. Both have advantages and downsides; it all depends on the user. If you only have a small account, I don't think you need to use DEX because there are big people trading with Binance who aren't ashamed to expose their name.