BitMart vs dYdX
dYdX has the higher grade on both axes: Safety 7.0 against 3.8, and Privacy 7.7 against 0.6.
BitMart
Centralised exchange where trading requires full ID verification
Privacy
0.6/ 10
Poor
Safety
3.8/ 10
Poor
ID mandatory KYC 4 Docs reviewed Full review →
dYdX
Decentralised perpetuals order book on its own chain, traded from a self-custody wallet
Privacy
7.7/ 10
Strong
Safety
7.0/ 10
Strong
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| BitMart | dYdX | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID mandatory | No ID mentioned |
| Custody | Custodial | Non Custodial |
| Sign-up | Not published | No account needed |
| Open source | No | Yes |
| Tor onion address | No | No |
| Coins | BTC, ETH, USDT, SOL, XRP | USDC, BTC, ETH, SOL, DYDX |
| Pay with | Crypto, Card | Crypto |
| Limits | Level 0: no withdrawals; Level 1: 0.06 BTC per day, no trading; Level 2 (ID + face): trading and higher limits | Not published |
| Jurisdiction | Cayman Islands (governing law) | Cayman Islands (governing law) |
| Not available in | Not published | Perpetuals: United States, Canada (front-end terms), plus the United Kingdom (protocol software terms); all services: sanctioned territories such as Crimea, Cuba, Iran, North Korea, Donetsk and Luhansk |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only BitMart
CustodialClosed sourceMay request IDRuns an affiliate programme
Both
Nothing distinct
Only dYdX
No registrationNo email neededNo phone neededNon-custodialOpen sourceExcludes US users
Where they sit among no-kyc exchanges
Questions
Is BitMart or dYdX safer?
dYdX has the higher Safety grade: BitMart 3.8, dYdX 7.0, out of 10.
Does BitMart or dYdX require KYC?
BitMart is KYC level 4 (ID mandatory). dYdX is KYC level 1 (no ID mentioned).
Which has more incidents on record?
BitMart has 0 and dYdX has 0 documented incidents in the registry.