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Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Native token
Fees
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| 1inch exchange | FEATURES | dYdX |
|---|---|---|
|
Trades can be as small as the network allows, but gas fees may make very small transactions impractical. Ideal for moderate and large trades. |
Minimum Trade |
dYdX allows relatively low minimum trades, suitable for both small and large investors, though not the lowest in the market. |
|
Offers competitive fees by aggregating different DEXs to minimize slippage and transaction costs, making it cost-effective. |
Trading and Transaction Fees |
dYdX offers highly competitive fee structures, especially on Layer 2, minimizing costs significantly for traders. |
|
Supports a vast array of cryptocurrencies by connecting with multiple DEXs, providing access to a wide variety of tokens. |
Number of Cryptocurrencies |
The selection of cryptocurrencies is somewhat limited, focusing primarily on major assets which restricts diversity in trading. |
|
Extensive range of trading pairs available due to its aggregator model, allowing users to trade across different liquidity pools. |
Crypto-to-Crypto Trading Pairs |
Offers a moderate range of crypto-to-crypto trading pairs, primarily focused on major cryptocurrencies, limiting options for altcoin traders. |
|
The website provides detailed information on how trades are routed for best prices, though some users may find the depth of data overwhelming. |
Website Transparency |
The platform excels in transparency, with open access to smart contracts and clear, public documentation of its operational protocols. |
|
Supports multiple networks including Ethereum, Binance Smart Chain, Polygon, among others, enhancing its accessibility and utility. |
Credit/Debit Card |
dYdX operates primarily on Ethereum and has integrated Layer 2 solutions, enhancing speed and reducing costs, though it’s not available on multiple blockchains. |
|
Does not provide custodial storage services; users must have their own wallets, which is secure but may be a barrier for new users. |
Storage Offering |
As a non-custodial exchange, dYdX allows users to maintain control over their private keys, though it doesn’t provide custody services itself. |
|
Offers governance token staking with voting rights and potential rewards, although the specifics and profitability can vary. |
Staking and Rewards |
dYdX offers some staking options and rewards, mainly focused on liquidity providers, but it’s not as extensive or diverse as some might prefer. |
|
The website is well-designed with comprehensive details on operations and services, though it can be complex for beginners. |
Mobile App and Desktop |
The dYdX website is user-friendly, well-designed, and offers all necessary information readily accessible, making it easy for users to navigate. |
|
Customer support is available, but responses can be slow during high traffic times. More resources for immediate support are needed. |
Customer Service |
Customer service is adequate with support channels available, but feedback suggests there could be improvements in response times and support reach. |
|
As a non-custodial platform, deposits and withdrawals are managed through users’ wallets, offering high security but less convenience for some. |
Deposit and Withdraw |
Deposits and withdrawals are efficiently handled via smart contracts, although options are limited to cryptocurrencies with no fiat support. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.
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© All rights reserved 2024 | Threenvest I/S