dYdX review

Taker fees run 0.025% to 0.05% on market orders, which is well below the 0.25% to 1.99% at bunq, the 1% on eToro and the 2.25% at Vivid Plus. Maker fees of -0.011% to 0.01% mean many makers are paid to post liquidity.

No. Self-custody is one of its listed features, self custody and staking, so you hold the keys rather than handing assets to the platform. Staking is offered through the same setup, which also puts responsibility for key management on you.

The legal entity named is dYdX Operations Services Ltd., and dYdX is listed as a dex rather than a centralised venue. With derivatives offered and 99 coins listed, the platform is aimed at traders working in contracts rather than long term coin holding.

Across the exchanges tracked on this site, the median share of retail accounts that lose money is 70.15%, and the range runs 40.3% to 88%. That is a sector wide figure rather than a dYdX result, and derivatives add leverage on top of it.

Less so. The account is built around derivatives, and self-custody sits among its features, self custody and staking, so traders carry both the leverage risk and the key management. Costs stay low at 0.025% to 0.05% for takers, but the learning curve is not.

Yes, through the fee schedule. Maker fees of -0.011% to 0.01% mean makers are paid, and staking is listed among self custody and staking, so holders can put idle collateral to work. Taker fees of 0.025% to 0.05% apply in the other direction, so active traders pay.

99 coins are listed. The median across the exchanges tracked here is 71.5, and the widest catalogues list far more, so a long coin list is not the reason to pick dYdX. The coin count says little about the cost of trading.