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Author: Admin | 2025-04-27
Experience has made it a recognized platform in the crypto space. With a diverse asset selection and various trading options, BingX serves as a prominent exchange for those involved in cryptocurrency trading. 9. dYdx – A DEX With a Focus on Crypto Perpetuals Ranks #9 out of 11 Crypto Exchanges Things we liked: + Fast transactions with reduced gas fees + Margin and derivatives trading + Non-custodial system + Enhanced decision-making with the DYDX token + Intuitive mobile trading Things we didn't like: - Not US-friendly - Not beginner-friendly When we’re talking about the best no-KYC crypto exchanges, it’s inevitable to talk about decentralized ones, like dYdX. After all, DEXs don’t require passing any KYC verification or even creating an account. Usually, you just connect your wallet and start trading.The same is true with dYdX. What makes it stand out among other DEXs, though?Well, for one, it provides users with advanced trading options and other tools like perpetual contracts, margin trading, and a vault for earning passive income. So, in a way, it gives you tools that are usually accessible in CEXs, but it does that with the privacy and transparency of a DEX.Besides, it leverages StarkWare's Layer 2 technology, which processes transactions off-chain to enhance speed and reduce gas fees. This solves the usual con of lower transaction speed in decentralized exchanges.Plus, dYdX’s non-custodial nature means users maintain full control over their assets. So, it’s not only that you don’t have to worry about disclosing personal information; your funds are also accessible only to you.That said, you can use all of dYdX’s features without any KYC as long as you reside in a country where the exchange is accessible.As of writing, residents from the US, Canada, North Korea, Syria, Myanmar (Burma), Iran, Cuba, the regions of Crimea, Donetsk and
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