dYdX itself does not report user activity to tax authorities. However, traders are generally responsible for reporting their own trading gains according to the tax laws of their country. Tax obligations depend on local regulations, not on the exchange itself.

dYdX Review 2026: Trade Without KYC

Q: Is dYdX affected by DAC8?

No. dYdX is a decentralized exchange (DEX) with no KYC and no centralized entity collecting user data. DAC8 applies to centralized crypto service providers, not to self-custodial decentralized protocols like dYdX.

Q: Does dYdX offer futures trading?

Yes. dYdX focuses on perpetual futures (often searched as dYdX futures) with wallet-based access, allowing leveraged long/short positions while keeping self-custody.

Why Choose dYdX in 2026?

With new EU regulations (DAC8) and strict KYC requirements on major exchanges like Binance and Bybit, traders are flocking to decentralized alternatives. dYdX stands out as the #1 choice for futures trading.

It offers the speed and experience of a centralized exchange (CEX) but with the security of DeFi. You hold your keys, you control your funds, and no one can freeze your account.

If you still prefer centralized exchanges, read our full Binance review or compare it with Bybit. For full privacy and no-KYC trading, dYdX remains the strongest option in 2026.

Pros & Cons

✅ The Good

No KYC Required: Trade with just your wallet.
Self-Custody: "Not your keys, not your crypto" - here, they are YOUR keys.
Low Fees: Competes directly with Binance/Bybit fees.
Deep Liquidity: Easily trade large positions without slippage.

❌ The Bad

Deposit Complexity: Requires bridging or sending via specific networks (Noble).
Minimum Deposit: You need at least $20 to start trading.
Learning Curve: Not for absolute beginners.

How to Deposit Correctly

Many new users get stuck when depositing funds. dYdX v4 operates on its own chain. Here is how to avoid losing money on fees:

PRO TIP: Always deposit at least $25 USDC to start. dYdX has an anti-spam rule that prevents trading if your account equity is below $20.

Use USDC: dYdX uses USDC as the collateral asset.
Check Networks: If withdrawing from a CEX (like Binance/OKX), check if they support direct withdrawal to dYdX Chain. This is the cheapest method.
Bridging: If you have funds on Arbitrum or Ethereum, use the built-in bridge on the dYdX website. Be aware of gas fees!

Trading Features

dYdX isn't just a simple swap; it's a professional trading terminal.

Up to 20x Leverage: Trade Bitcoin, Ethereum, Solana, and 30+ other markets.
Order Types: Limit, Market, Stop-Loss, Take-Profit.
Mobile App: Excellent mobile experience for iOS and Android.
Rewards: Earn rewards simply by trading.

Open dYdX Account

(No Email or ID required)

dYdX Futures (Perpetuals) in 2026

dYdX is best known for decentralized perpetual futures (often searched as “dydx futures”). You can trade BTC, ETH and other markets with leverage, while keeping full self-custody via your wallet.

Unlike centralized futures exchanges, dYdX doesn’t require account verification for basic use because trading happens through a decentralized protocol and wallet-based access.

If you still prefer a CEX for high leverage, compare alternatives like Binance or Bybit.

Fees & Rewards: How to Earn While Trading

Unlike traditional exchanges that just take your money, dYdX actually pays you to trade. Here is how the economy works on v4:

Trading Fees

dYdX fees are extremely competitive:

Maker Orders: ~0.02% (or less)
Taker Orders: ~0.05%

*Fees go directly to validators and stakers, not a corporation.

Trading Rewards

Every trade you make earns you points or tokens.

Earn USDC rewards distributed automatically.
Active traders can offset their fees entirely through rewards.

dYdX vs Binance & Bybit

Is it really worth switching to a DEX? Let's compare the key differences for 2026 traders.

Feature	dYdX (DEX)	Binance (CEX)
KYC (ID Verification)	Not Required 🛡️	Mandatory ⚠️
Control of Funds	You (Self-Custody)	Exchange
Privacy	100% Private	Data sent to Tax Auth.
Leverage	Up to 20x	Up to 100x

FAQ

Is dYdX safe?

Yes, dYdX is open-source and audited. However, as with all DeFi, there is smart contract risk. The v4 chain is secured by validators.

Do I need a VPN?

Some regions (like the USA) are geo-blocked. If you are in a restricted region, you may not be able to access the interface.

What is the referral code?

Use code RobustStormU1X (automatically applied with our buttons) to potentially qualify for trading discounts.

Does dYdX offer futures trading?

Yes. dYdX focuses on perpetual futures (often called “dYdX futures”) with wallet-based access. You can open leveraged long/short positions while keeping self-custody of funds.

Is dYdX affected by DAC8?

No, dYdX is not directly affected by DAC8 regulations.

DAC8 primarily targets centralized crypto exchanges that collect user identity data and report transactions to tax authorities. dYdX operates as a decentralized exchange (DEX) with self-custody wallets and no mandatory KYC, meaning it does not collect personal user data in the same way. As a result, dYdX itself is not required to report user transactions under DAC8 in 2026.

This is why many EU traders are switching from centralized exchanges to decentralized platforms like dYdX after DAC8.

Is dYdX taxable?

Yes, profits made on dYdX may still be taxable, depending on your local tax laws.

Although dYdX does not perform KYC or automatically report transactions, users are generally responsible for self-reporting crypto gains or losses. Using a decentralized exchange does not automatically remove tax obligations; it simply means that reporting is handled by the individual trader rather than the exchange.

Traders are advised to keep accurate records and consult a qualified tax professional to remain compliant in 2026.