Review on dYdX by Natasha Williams
dydx Exchange
It is a US exchange founded in 2019. When i first heard about the exchange it sounded more of a mathematical term to me and at the same time the exchange portrayed features that shows a close relationship to its name ,it was a derivative exchange . The exchange was very easy to use ,no signing up and registration and yet you could still enjoy such an unbeatable service only by connecting your wallet to the exchange and there's no need for KYC before you can trade. US citizens can trade by following the laid down precautions given by the exchange. The exchange takes a 0.3% takers fee and 0.00% which which is why I only trade on the exchange whenever I'm taking a maker position and that's because it's the only way that guarantees me of making good profits on the exchange by receiving payments when ever I trade. If you have tried out the exchange you would agree with me that dydx has a very excellent trading chart accompanied with a good number of trade indicators. The exchange makes use of Ethereum's security infrastructure to keep traders assets safe and Ethereum's security interface is rated as the most secured in terms of security and so there's no doubt that the exchange would also have a secured trading system on ground.
Pros
- The exchange is secured
- 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
Cons
- The fees for the market takers is high
