dYdX review
Last reviewed:
FlixoCrypt rating
Key facts
| Type | DEX (Exchanges (DEX)) |
|---|---|
| Trading fees | Maker ~0.02% (perps, volume-tiered) · Taker ~0.05% |
| Withdrawal | Network fees |
| Free to use | Yes |
| KYC required | No |
| Regulated | No / limited |
| Supported assets | 60+ assets |
| Country availability | Global (non-custodial) |
| Restricted regions | United States (perps restricted) |
| Affiliate commission | CPA · None (protocol) |
| FlixoCrypt rating | 4 / 5 |
| Best for | Experienced traders wanting decentralised perpetuals |
| Last verified | 2026-06-29 |
Overview
dYdX is a decentralised exchange focused on perpetual futures, offering non-custodial, no-KYC leveraged trading with low maker/taker fees on its own chain. It suits experienced derivatives traders rather than beginners, and perpetuals carry significant liquidation risk. US access to perps is restricted. Spot/asset breadth is narrower than a large CEX.
Availability
dYdX is available in: Global (non-custodial). Restricted or excluded: United States (perps restricted). Always confirm availability for your country on the official site, as regional support changes. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site. Regional note — India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
Pros
- Decentralised perpetual futures
- Non-custodial, no KYC
- Low maker/taker fees
Cons
- Perps are high-risk and complex
- US perps access restricted
- Smaller asset set than CEX
Who it is for
- Best for: Experienced traders wanting decentralised perpetuals.
- Avoid if: You are new to leverage or want spot only.
Verdict
A capable decentralised perps venue for experienced traders; high-risk by nature.
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dYdX FAQ
What is dYdX? +
dYdX is a decentralised exchange focused on perpetual futures, offering non-custodial, no-KYC leveraged trading with low maker/taker fees on its own chain. It suits experienced derivatives traders rather than beginners, and perpetuals carry significant liquidation risk. US access to perps is restricted. Spot/asset breadth is narrower than a large CEX.
Is dYdX safe? +
dYdX is lightly regulated or non-custodial. No custodial breach; perpetuals trading carries high liquidation risk. As with any platform, use strong security and only hold what you need on it.
Does dYdX require KYC? +
No — KYC is not required (non-custodial or minimal verification), which shifts custody and compliance responsibility to you.
What are dYdX's fees? +
dYdX fees: maker ~0.02% (perps, volume-tiered), taker ~0.05%; withdrawals: Network fees. Always confirm current fees on the official site, as crypto fees change often.
Is dYdX available in my country? +
Available globally, with some regional restrictions. Restricted/excluded: United States (perps restricted). Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site. Regional note — India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
What is dYdX best for? +
Experienced traders wanting decentralised perpetuals.
When should you avoid dYdX? +
Avoid dYdX if: You are new to leverage or want spot only.
What are the main pros and cons of dYdX? +
Pros: Decentralised perpetual futures; Non-custodial, no KYC; Low maker/taker fees. Cons: Perps are high-risk and complex; US perps access restricted; Smaller asset set than CEX.
Is dYdX regulated? +
No / limited. Decentralised protocol
When was this dYdX review last verified? +
This review was last verified on 2026-06-29 against the official site.
Reviewed by Arjun Mehta
Editorial lead overseeing FlixoCrypt's research, sourcing and verification process
Last verified:
Sources
- dYdX — official site — verified