Post
Topic
Board Trading Discussion
Re: binance vs decentralized exchange
by
Huppercase
on 26/08/2023, 19:44:49 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



It's very difficult to have an exchange that has liquidity and will not want you to do KYC. You know Perpetual trading is very big and has billions of dollars flowing to them, the authority will want to know where people and how they spend their money which is very wrong, they want to know how you spend your money and know about the history of your money. You wouldn't have a Perpetual exchange that is KYC free, it's possible that you may even have but they don't have reputation and you will likely get scam if you are not careful about them, be guided and be vigilant.

Perhaps you should use Gmex, you can switch between Avalanche and Arbitrum to have fast speed of execution of transaction and  trades, you don't need to undergo any KYC, the good side of it is that you will not registered, just launch the App and connect your wallet address to any of your preferred chain and start trading. But you will be limited to the coins you will trade. You favorite coin may not appear on the exchange.