What is Dsdaq?
Dsdaq, also operating under Dsdaq.io, is an online crypto exchange based in the Cayman Islands. It claims to be the trusted favorite of millions of users worldwide and offers trading in currencies such as bitcoin, ethereum, and litecoin.
Its main trading instrument is derivatives. Derivatives are difficult to understand for beginners, especially when it comes to cryptocurrencies – however, for the experienced, they can yield incredible returns. This is even more true when you consider that Dsdaq offers leveraged trading of up to 100x.
That’s a lot of cryptocurrency to gain, but it’s also a lot to lose. The platform isn’t necessarily a place for novices.
It also includes a unique feature called a “crypto collateral account,” which allows users to borrow USD from the platform equivalent to the real-time value of the cryptocurrency in their collateral account. Debt-related trades with exchanges can be risky, shoring up the view that this is a better platform for experienced traders.
Who Is Dsdaq For?
The platform is designed for experienced traders looking to take advantage of competitive rates on derivatives. The platform offers excellent maker/taker fees, which makes it an attractive prospect.
It’s also geared towards traders who understand how to manage risk, which is evident in its high leveraging rates of up to 100x and collateral account system. The collateral account might benefit traders with high liquidity who wanted to withdraw fiat and had the means to pay it back. Inexperienced users might find this system difficult to manage, though.
The platform isn’t available for U.S. traders, as it requires users to create an account, and the SEC will have none of that.
Dsdaq Company Information
Dsdaq was formed in 2019 and is operated by Spring Field Holding Limited. It’s registered in the Cayman Islands.
What Makes Dsdaq Unique?
The low maker/taker fees on the platform are great for derivatives traders. The ability to leverage large sums also means that a knowledgeable trader could gain a lot here.
Dsdaq Deposits and Withdrawals
Deposits can be made using existing crypto assets, a credit card, or a bank or wire transfer. Withdrawal fees on this site are lower than average.
Fees on this crypto exchange are relatively low.
Dsdaq Reviews and Reputation
While the platform claims to be used and trusted by millions, there have been some negative reviews and reports that the company has retained users’ profits illegally. Note that we haven’t verified these reports: users should watch this space. However, Dsdaq has a very low trust score on Reportscamonline, which is troubling.
The platform’s functionality has a lot of promise. However, until a verdict is returned on whether Dsdaq/Dsdaq.io has engaged in dubious practices, we recommend that users do their own research before signing up. Read our reviews on other crypto platforms and consider opening an account today.