DEX NON-CUSTODIAL OPEN SOURCE

dYdX review

Name: dYdX Review 2026: Fees, Safety & Features
Item: dYdX
Rating: 6.4
Author: BanksForCrypto Editorial Team

Leading decentralised perpetuals exchange

Visit dYdX ↗ Methodology

PUBLISHED 26 MAR · UPDATED 26 MAR · 8 MIN READ

The verdict

6.4 / 10 · CONSIDER

The best DEX for derivatives trading — non-custodial perpetuals with deep liquidity and no KYC. The Cosmos-based v4 chain offers near-zero gas fees.

◆ BUY IT IF

Non-custodial perpetuals — keep your keys
No KYC
Near-zero fees on dYdX Chain
Audited and open source

◇ SKIP IT IF

Limited to ~50 markets (vs 300+ on Bybit)
Complex for beginners
No spot trading, no fiat on-ramp
No customer support

§ 01 SCORE BREAKDOWN

Seven axes, weighted.

DIMENSION WEIGHT RATING SCORE

Regulatory safety

Non-custodial protocol; dYdX Foundation based in Switzerland. US users restricted from some features via geofe

2×

7.0

Trading fees

Maker 0.02% · Taker 0.05%

1.5×

7.0

Coin selection

50 coins supported

1×

5.0

Liquidity

DEX — on-chain liquidity

1×

7.0

User experience

1×

6.0

Security

1.5×

8.0

Support

0.5×

2.0

§ 02 SPECIFICATIONS

Everything, in one table.

Regulation

Regulatory status: Non-custodial protocol; dYdX Foundation based in Switzerland. US users restricted from some features via geofencing.
KYC required: No
Proof of Reserves: No
Founded: 2017
Type: DEX

Fees

Maker fee: 0.02%
Taker fee: 0.05%
Withdrawal fee: Gas on Cosmos (minimal)

Trading

Spot trading: No
Futures trading: Yes
Margin trading: No
Copy trading: No
Supported coins: 50

Other features

Earn / staking: Yes
Debit card: No
Fiat on-ramp: No

Reviewed by Stephan Kulik · Last updated: 2026-03-26 · How we rank

§ 03 FAQ

Frequently Asked Questions

Is dYdX safe to use? +

dYdX Non-custodial protocol; dYdX Foundation based in Switzerland. US users restricted from some features via geofencing..

What are dYdX's trading fees? +

dYdX charges 0.02% maker fee and 0.05% taker fee. dYdX Chain (v4) uses near-zero gas fees on Cosmos. No Ethereum gas fees.

How many coins does dYdX support? +

dYdX supports 50 coins and tokens. Futures trading is also supported.

◆ OPEN ACCOUNT

Ready to put a week's worth of research to work?

We earn commission if you open an account through this link. It does not change what we paid (nothing) or what we score (everything).

Visit dYdX ↗