dYdX vs SafeTrade
dYdX has the higher grade on both axes: Safety 7.0 against 5.7, and Privacy 7.7 against 5.8.
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 →
SafeTrade
Small-cap spot exchange with email sign-up and no ID clause in its terms
Privacy
5.8/ 10
Fair
Safety
5.7/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| dYdX | SafeTrade | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | No ID mentioned | No ID mentioned |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | Email required |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | USDC, BTC, ETH, SOL, DYDX | BTC, USDT, XMR, LTC, DOGE, ETH, SOL, USDC |
| Pay with | Crypto | Crypto, Monero |
| Fees | Not published | 0.10% maker / 0.10% taker on listed pairs (fees page) |
| Founded | Not published | 2018 |
| Jurisdiction | Cayman Islands (governing law) | Panama |
| Not available in | 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 | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only dYdX
No registrationNo email neededNon-custodialOpen sourceExcludes US users
Both
No phone needed
Only SafeTrade
CustodialClosed sourceRequires emailAccepts Monero5+ years operatingLegal entity disclosedRuns an affiliate programme
Where they sit among no-kyc exchanges
Questions
Is dYdX or SafeTrade safer?
dYdX has the higher Safety grade: dYdX 7.0, SafeTrade 5.7, out of 10.
Does dYdX or SafeTrade require KYC?
dYdX is KYC level 1 (no ID mentioned). SafeTrade is KYC level 1 (no ID mentioned).
Which has more incidents on record?
dYdX has 0 and SafeTrade has 0 documented incidents in the registry.