dYdX vs Toobit
dYdX has the higher grade on both axes: Safety 7.0 against 4.3, and Privacy 7.7 against 2.4.
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 →
Toobit
Centralised derivatives and spot exchange with two-level KYC
Privacy
2.4/ 10
Poor
Safety
4.3/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| dYdX | Toobit | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | No ID mentioned | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | Not published |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | USDC, BTC, ETH, SOL, DYDX | BTC, ETH, USDT, SOL, XRP, TON, DOGE |
| Pay with | Crypto | Crypto, Card |
| Jurisdiction | Cayman Islands (governing law) | Cayman Islands (non-EU users); Poland (EU/EEA users) |
| 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 neededNo phone neededNon-custodialOpen sourceExcludes US users
Both
Nothing distinct
Only Toobit
CustodialClosed sourceMay request IDLegal entity disclosedRuns an affiliate programme
Where they sit among no-kyc exchanges
Questions
Is dYdX or Toobit safer?
dYdX has the higher Safety grade: dYdX 7.0, Toobit 4.3, out of 10.
Does dYdX or Toobit require KYC?
dYdX is KYC level 1 (no ID mentioned). Toobit is KYC level 3 (ID on risk flag).
Which has more incidents on record?
dYdX has 0 and Toobit has 0 documented incidents in the registry.