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dYdX review

4.0

FlixoCrypt rating

4.0/5
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Key facts

dYdX 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+
Country availability Global (non-custodial)
Restricted regions United States (perps restricted)
Available in India Yes
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. 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

Verdict

A capable decentralised perps venue for experienced traders; high-risk by nature.

Related

⭐ Best No-KYC Crypto Platforms

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 India? +

Yes. 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

Crypto analyst; 8+ years covering exchanges, wallets and DeFi

Last verified:

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