dYdX

by dYdX Trading Inc.

A decentralized non-custodial exchange with borrowing and lending capabilities.

dYdX description

dYdX is a decentralized exchange based on Ethereum, with margin trading as well as borrowing and lending capabilities. Currently, the exchange supports three asset types: ETH, DAI and USDC.

The exchange offers users spot and margin trading. The margin trading in dYdX is based on trading with up to 5x leverage. Users can make both short and long trades. In order to start trading at dYdX, it is necessary to connect a wallet and make a minimum deposit of $10. The exchange has average indicators on the fees: fee of maker is 0.050%, taker is 0.200%.

Lending in dYdX allows users to receive a passive income with minimal risk. The amount of money received from lending depends on the percentage rate (APR), it shows how much the user earns from the deposited assets. Users can also borrow assets and the interest paid depends on APR. Borrowed assets are credited immediately after the transaction.

Advantages of dYdX

  • Low fees and no “Gas” charges
  • Withdrawals to crypto wallets
  • High security and privacy
  • Margin trading with up to 5x leverage
  • Borrowing and lending

dYdX features

Exchanges

Check out Depositing funds Depositing funds from a bank card or cryptocurrency wallet 1
No Withdrawal to bank card Withdrawing money from the account and transferring it to a bank card 0
Forms of trade: Margin trading, Spot trading 1
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
Available markets: ETF 2
Available crypto types: DeFi 1
No Listing Ability to place your own cryptoservices on the exchange 0

DeFi Projects

Blockchain types: Ethereum 0

Lending platforms

Check out Borrowing 0
No Supplying 0
No Staking 0
Check out Market browser 0
Check out Wallet connection 0
Reviews

Good platform

Recommend
Positive
Convenience
Appearance
Functionality

dYdX is a cryptocurrency exchange that plans to offer the user experience of a centralized exchange without settling on any of the security benefits offered by decentralized platforms. It is best lending and borrowing digital platform. It is built with an amazing cutting-edge decentralized derivatives.Provides maximum protection. Intentional measures to increase the number of members. The platform is not always suitable for students. Payments for market buyers are too high. There's is no need for registration or verification to trade. You even earn rewards as a maker on the exchange. Good trade view and an efficient trading system.