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
For me it is a clear choice and I would rather deal with binance over the decentralized ones easily because that is what I believe to be the better option and should be the case for most people. This isn't a jab at the decentralized exchange idea, if there is a single one that is a lot better than binance one day then I would be glad to use it and that will not be a problem for me at all, I would very much rather use whatever is the best one out there.
However, right now there are none of them that are better than the one that we have, Binance is the best one out of them all, and this isn't even just decentralized ones, I can easily say that Binance is the best one out of all the centralized ones as well.
Trying out to compare the rate of exchange hacks where decentralized ones are most likely having those kind of problems which it isnt really that common when we are dealing with CEX.
This is why we are seeing that theres a lot of volume or liquidity that we are seeing on centralized exchanges because people are really that still trusting and really experiencing good in terms of features and
functionality which you cant really be able to get on decentralized exchanges.
Comparing the numbers of DEX to CEX then we are seeing the difference in numbers which does mean that trust is mostly on centralized exchanges but cant really deny that in terms of full anonymity
and having that control of your own coins then dex would be the sweet spot. It would really be that in accordance with your preference and risks taking factor.