Topic: No-kyc Derivatives Exchanges (Read 165 times)

Try polygon/optimism ones. Arbitrum is cheap too, idk how you paid much.

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Polynomial added to the list. supports cross margin.

Thanks, OP for the list. I just tried to use a Derivative exchange and it's a really extremely superb experience!
Among the list, I just tried the Vela Exchange on Artibitrum and it's an extremely amazing experience, with just a few clicks, you can already open a trade position.

My only feedback is the fee for some low-volume traders because sometimes they will eat the fees (on-chain fees).
Maybe in the future, there will be new layer 1 or 2 protocols that will still be able cheaper fees compared to what we have now.

It appears I have misunderstood prior comments, you buy and settle contracts on these exchanges with stable coins and not with btc. Not being able to do so with og btc seems enough reason for people here to avoid these platforms.

I ain't sure how can they bring real btc on ethereum or it's side chains without pegging it someway or other to actual thing.

This is obvious, but the collateral I used is Bitcoin for a Bitcoin inverse perpetual contract, if I make profits, I end up getting my actual Bitcoins and not wBTC

It's "pegged" to BTC until there comes a time when it's no longer pegged. Haven't you learnt already from the stablecoin dramas that have now started acting unstable? 

Let me ask you something

If wBTC depegs and price drifts away from the price of actual BTC price. What underlying price of asset do you think your pseudo bitcoin derivative will follow?

I will advice anyone that have interest in OP links to do more research about it, to know if they are actually legit or scam.

They are smart contract decentralized exchanges, non of them deal with the real bitcoin, they all depend on side chain which are not actually bitcoin but pegged bitcoin like wBTC.


According to what I understood about OP, he is only referring to decentralized exchanges, but I do not know more than the ERC20 and BSC decentralized exchanges because they are the most common. The only one that I have seen before that OP mentioned is dYdX, but I am lazy today to do more research on the exchanges he listed, but I am sure they are decentralized exchanges as I can see Optimism, Arbitrum, Avalanche and the likes which are alternatives to ERC20 and BSC. They are smart chain exchanges which you can interact directly with on your noncustodial wallets without KYC.

Point of correction, Binance is a KYC required exchange. Probably the last time you use Binance has been long ago, when the exchange has not made KYC mandatory. But in two years back or so, they made KYC mandatory, probably as a result of regulatory pressure.

If you want no-KYC centralized exchanges, you can check this which was created by Ratimov: Current list of exchanges without KYC

I have preferred Kucoin, but I also used OKX which is very good too, but Kucoin asked me for mobile phone number forcefully. I have used Huobi and I was unable to trade futures without KYC.

Some of the No-kyc derivative exchanges that were mentioned above is not familiar to me. And I think Binance is one of them since KYC is not necessary for trading futures.

If the case is — it's good to use No-kyc Derivative Exchanges — I will use Binance Futures instead of what is mentioned above because it provides the tightest bid since this exchange is the world leading cryptocurrency exchange because it has high trading volume and good trading pair, and also the most trusted exchange.

How do you like of using unfamiliar exchanges if there's one that is most easy to use.

You don't own actual asset in derivatives, you bet on outcome whether asset will increase or decrease in price. Wbtc is pegged version of btc 'to be used' in ethereum ecosystem.

All of above sites mentioned has actual btc derivatives. You could check it yourselves in minute but ok.

Well, prove his claims wrong instead of saying that he doesn't know what a derivative is 
Just tell us which of the above platforms listed above supports trading of actual Bitcoin derivatives and not WBTC or other BTC token contracts?

My response was meant for this,

Are you in your right sense for posting this?

I have just used PancakeSwap to access this perpetual trading:

   

You don't know what derivative is.

Those no-kyc derivatives exchanges do not have real bitcoin, they use the sidechain like wBTC which are not actually the real bitcoin, the reason I am not using it. It can be good for altcoins that are built on Ethereum or Binance smart chain. To trade the real bitcoin, I still have no alternative than those centralized exchanges.

On PancakeSwap, the pegged bitcoin (which are not real bitcoin) have up to 200x of leverage which makes me think that the liquidity would be high.

All these platforms run on evm-compatible chains, so you can use metamask. Use instant exchanges like simpleswap to first get to Polygon (it's cheap) and thereon use bridges like bungee to move between chains. Have excluded a few which only had couple coins support.

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1) Pika Protocol (Optimism): https://www.pikaprotocol.com/

2) Helix (Injective): https://helixapp.com/

Note: Use simpleswap to directly convert to Injective (don't select erc20 one).

3) Perpetual Protocol (Optimism): https://app.perp.com/

4) GMX (Arbitrum, Avalanche) : https://gmx.io/

5) Vela Exchange (Arbitrum): https://app.vela.exchange/

6) Kwenta (Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BSC): https://kwenta.eth.limo/

7) Gains Trade (Polygon, Arbitrum): https://gains.trade/

8 ) Dydx (Ethereum): https://trade.dydx.exchange/

9) Polynomial (Optimism): https://trade.polynomial.fi/