dYdX v4 Review
perp_dexDeFi's Pro Trading Platform
- Taker fee
- 0.05%
- KYC
- Not required
- Founded
- Not verified
- HQ
- Not verified
Please check local regulations before signing up.
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Verdict
dYdX v4 does not require KYC to start trading and charges around 0.05% on its taker fee. It scores 93.5/100 on the CompareCEX Score (63% of criteria verified), which suits beginners and cost-sensitive traders reasonably well. Because it's a decentralized platform, you trade straight from your own wallet with self-custody — more control, but no company safety net if you lose your keys or send funds to the wrong address. Check the fee table, KYC and country availability, and security sections below before you decide — exchange terms change without notice and we re-verify data periodically rather than in real time, so always confirm against the source links.
CompareCEX Score breakdown
93.5/100 overall, based on the 63% of criteria below with verified data. Criteria without data are excluded from the average, not scored as zero.
| Criterion | Weight | Score | How it's calculated |
|---|---|---|---|
| Trading fees | 25% | 96.5 | Average of maker and taker fee: 0.035%. |
| KYC ease for beginners | 15% | 100.0 | KYC not required |
| Geo availability (not restricted) | 15% | 100.0 | Not restricted in 5/5 countries checked. |
| Security track record | 10% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
| Regulation / licensing | 8% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
| Payment methods | 8% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
| Features | 8% | 60.0 | 3/5 standard perp_dex features available: spot_swap, perps, limit_orders. |
| Customer support | 6% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
| Mobile app quality | 5% | Not verified | Not enough verified data in Knowledge Graph for this criterion yet. |
Fees: what a $1,000 and $10,000 trade actually costs
| Maker fee | 0.02% (volume < $1M) Source (opens in new tab) · verified 2026-09-04 |
|---|---|
| Taker fee | 0.05% (volume < $1M) Source (opens in new tab) · verified 2026-09-04 |
- dYdX v4 taker fee (0.05%): a $1,000 trade costs $0.50, and a $10,000 trade costs $5.00 (checked 2026-09-04). source
Availability & KYC
KYC: Not required.
| Country | Status | Details |
|---|---|---|
| United States | Unclear | Not independently verified yet |
| United Kingdom | Unclear | Nguồn bên thứ ba. Source · checked 2026-09-04 |
| Canada | Unclear | Nguồn bên thứ ba. Source · checked 2026-09-04 |
| Australia | Unclear | Not independently verified yet |
"Unclear" means we have not independently verified this yet — check the exchange's own terms before signing up.
Security & regulation
| Custody model | Self-custody (you hold your own keys) Source (opens in new tab) · verified 2026-10-19 |
|---|
Not yet verified: security track record, regulation / licenses.
Products & features
| Features | Perps, Spot, Limit Orders, Governance Source (opens in new tab) · verified 2026-10-19 |
|---|---|
| Supported chains | Ethereum, Base, Arbitrum, Polygon, Avalanche, Optimism Source (opens in new tab) · verified 2026-10-19 |
Not yet verified: mobile app, payment methods, customer support, coins listed, languages supported.
Pros & cons
Pros
- Low trading fees (Average of maker and taker fee: 0.035%.)
- No mandatory KYC to start trading (per exchange's own site).
- Not restricted in any of the countries we've checked so far.
Cons
No verified cons yet.
Alternatives to dYdX v4
Top-scoring exchanges of the same type, ranked by the CompareCEX Score.
Related guides
Questions people ask about dYdX v4
- Is dYdX v4 safe to use?
- We don't have verified security data for dYdX v4 yet — check the security section above as we add sources.
- Does dYdX v4 require KYC?
- dYdX v4 does not require KYC to start trading, per our verified data.
- What are dYdX v4's trading fees?
- dYdX v4's taker fee is 0.05%, per our verified data — see the fee table above for the exact source and check date.
- Is dYdX v4 available in the US, UK, Canada, and Australia?
- Based on our data, it isn't restricted in any of the 5 countries we've checked so far. See the availability table above for each country and its source.
Crypto assets are volatile and unregulated in many jurisdictions. Not financial advice.