Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. dYdX is the largest order-book perpetuals exchange that runs without a central custodian. Instead of matching trades on a company server and holding your collateral in a company wallet, dYdX v4 runs its own purpose-built blockchain — the […]
Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. This is for anyone who’s traded crypto on Coinbase or Kraken and keeps hearing that “real” crypto people use decentralized exchanges instead. Both are legitimate ways to trade — they just trade off convenience, cost, and custody in […]
Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. The fee on the pricing page is almost never the fee you actually pay. Between maker/taker tiers, spread markup on “simple” buy screens, network withdrawal fees, and payment-method surcharges, two exchanges advertising similar headline rates can cost you […]
Disclosure: This post contains affiliate links; we may earn a commission at no extra cost to you. Crypto Exchange Insurance: Who’s Actually Insured? Bitcoin, Ether, and stablecoins held on a crypto exchange are generally not FDIC-insured. The exchange may carry a commercial crime or cybersecurity policy, but that policy belongs to the company and covers […]
FTX collapsed in November 2022 with an $8.9 billion hole in customer funds, and the mechanism was almost boring in hindsight: the exchange quietly funneled customer deposits to its affiliated trading firm, Alameda Research, and there was no independent way for a depositor to check that the coins showing up in their account actually existed […]