Last Updated on 6 November 2023 by CryptoTips.eu
Dsdaq review (2024)
Without a doubt, Dsdaq is an innovative trading platform featuring a seamless interface and so much more. On this trading platform, you can use Tether, Ethereum, and Bitcoin to trade against traditional financial assets. And that’s not all! There’s a lot of exciting features of the Dsdaq platform that make this exchange worth checking out. That said, this article will give you an in-depth review of Dsdaq, including the benefits and disadvantages of the site.
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What is Dsdaq?
Dsdaq is a cryptocurrency trading platform that lets you exchange one cryptocurrency for another. The exchange is registered in Grenadines and Saint Vincent, and it’s been in the market since 2019. The headquarter of Dsdaq is in Hong Kong.
With this platform, you can trade on stocks, indices, ETFs, and commodities. You can also use cryptocurrencies as collateral to trade on other currencies. That said, this exchange separates itself from most of the market competitors by offering collateral trades, and you don’t have to sell your cryptos to fund your account.
The company aims to bridge the gap between conventional financial options and cryptocurrencies by offering institutional level liquidity. And that is witnessed by the high rate of liquidity on Dsdaq. It’s a one-of-a-kind platform that will help get an easy transition from other financial markets to the cryptocurrency world and vice versa.
The best part about this platform is that it achieves high transaction speeds and liquidity by partnering with world-class institutions such as Citadel, Morgan Stanley, and HSBC. That gives Dsdaq an edge in the market when compared to their competitors.
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Dsdaq Pros
- Dsdaq has a mobile application that’s easy to use for iOS and Android.
- Forex, stock, EFTs, and crypto markets all in one place.
- The interface is simple to navigate.
- Over 300 financial assets to leverage from.
- High level of security.
- Low trading fees.
- The platform allows you to use your cryptos as collateral.
Dsdaq Cons
- Dsdaq is not available in the US.
Unique Features of Dsdaq
Aside from the seamless interface that the exchange has, there are many other unique features to mention in this Dsdaq review.
- Over 300 financial products: There’s a massive market on this platform offering different financial products that you can leverage. Additionally, the interface is easy to identify the type of market you want to invest in.
- Crypto Collateral: On this platform, you can use your cryptocurrencies as collateral in the global market. You don’t have to sell your cryptos in the process.
- Fast Deposits and Withdrawals: Dsdaq makes it easy to withdraw and deposit funds to your account. More importantly, the low cost ensures you have the ultimate experience on this site.
- Low trading fee: Dsdaq market features zero trading fees for any of the traditional financial assets. On the other hand, you will incur a 0.1% fee in the spot trading contract, which is relatively low compared to other platforms in the field. The best part is that this platform offers low overnight fees of up to 0.015% every day.
- One account for all: with this platform, you don’t have to create several crypto-accounts to tap into different markets. Dsdaq account lets you trade on stocks and cryptos in one place.
- Leverage: Dsdaq market allows crypto-leverages from 2X up to 100X in different assets.
- Mobile App: to ensure you are connected to the financial market at all times, Dsdaq has a mobile application that you can utilize.
- 24/7 customer support: Dsdaq has a responsive customer support team with excellent services all through the day.
Investors of Dsdaq Market limited
Dsdaq is an original fintech startup. With that in mind, the company is funded by traditional equity investors. In April 2020, Dsdaq disclosed that they received a $1.5 million investment from DraperDragon Innovation. This company is a Silicon Valley-based venture capital that’s associated with Tim Draper and Efftronics Asia. That’s enough backing for Dsdaq to take their company to the next level.
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Trading possibilities on Dsdaq
Once you’ve opened an account on Dsdaq, you will instantly get access to a wallet that’s composed of three different sub-sections: Crypto contract, crypto, and Crypto collateral.
Crypto Contract
Whenever you want to make a crypto contract trade, you will have to move your funds to this sub-section. That means you will transfer your funds from the crypto account to the crypto contract. Moving your funds to the crypto contract section happens in real-time, and the process is free of charge.
The crypto contract’s function is pretty much the same as the ones in other platforms. The crypto contract works to give you a perpetual trade with adequate liquidity. You will get a leverage of up to 100X.
Crypto subsection
In this subsection, you will get the chance to deposit and withdraw your cryptocurrency funds. The crypto sub-section has the essential functions of your crypto wallet. In this wallet section, you can store different types of cryptocurrencies.
All you have to do is click on the cryptocurrency name, and you will instantly see a withdrawal, deposit, or transfer button. You can also spot trade with this section.
Crypto collateral
And this is the most valued feature of the Dsdaq platform. The crypto collateral sub-section uses the cryptocurrency collateral account. What that means is, using Dsdaq, traders can use their cryptocurrencies as collateral to trade in different markets such as stocks, indices, and Forex.
So, if you want to trade on various international assets, then you will have to transfer a fraction of your crypto from the Crypto sub-section to the Crypto collateral. That will grant you the opportunity to leverage the traditional trading markets.
The Dsdaq market will lend USD standard to its users according to the real-time value of their collateral cryptos. With these funds, you can trade on traditional financial assets.
How the crypto collateral system works
With the cryptocurrency collateral system on Dsdaq, you can only use ETH, BTC, and USDT as collateral. That’s because these cryptos offer the best liquidity. The platform provides collateral rates of 100% in USDT and 70% for ETH and BTC. Such collateral rates are relatively fair if you want to maximize your buying power. That said, it’s always advisable to use USDT as collateral.
When the margin level is less than 150%, you will get an alert via email and SMS. Unfortunately, when the margin hits less than 50%, you are forced out of the position. Always remember that the margin shouldn’t be too low.
What’s even more impressive is that Dsdaq uses the hedged margin, which is quite friendly to the traders. When you make profits in the crypto collateral contract, the profits will be calculated in US dollars. When the position closes, your earnings will be added directly to your US balance in the wallet.
If you want to withdraw these funds, you will have to convert them to BTC, ETH, or USDT then transfer them to the crypto subsection for withdrawal.
Bonuses
All new users get a welcome bonus once they register on this platform. To be more specific, users get a 10 dollar bonus, but it’s not withdraw-able. You will have to make trades to gain access to the reward. Unfortunately, you will unlock the first $1 bonus when your trading volume reaches $6000.
Once you open and close a 6000 USD position, your bonus will unlock. The prize will directly be added to your USD balance, and that means you can withdraw or even trade with it. If you use our referral code: M87V0N during your registration and you will get a \$20 bonus.
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Dsdaq Token
Most trading platforms have a token that keeps the ecosystem in perfect balance, and the Dsdaq is no different. The token in this platform is known as Origin D, which is a decentralized token based on the Ethereum blockchain. This token is viewed as a security token on the site. Dsdaq hasn’t raised its funds through ICO. That typically means that all ODs will be rewarded to the users freely.
Is Dsdaq safe?
Dsdaq has a secure system that allows users to access their accounts from all over the world. The app also keeps your funds safe from hackers. More importantly, the company uses a bank level security system coupled with 256-bit encryption. They also have cold offline storage, which is a big plus in the trading industry. With cold storage, your funds are stored offline, so there’s no chance for hackers to find their way to your money. Please keep in mind that you’re also responsible for your own security. Check this article for tips on how to secure your account.
Dsdaq is working with some top notch companies like Morgan Stanley, Barclays, JP Morgan and Goldman Sachs. They provide the liquidity for their financial assets. The platform is known for its speed and currently has around $50M trading volume each day with over 200,000 users.
Top Venture Capitalist Tim Draper saw potential in this platform and injected over 1.5 million dollars from the Draper Dragon Fund.
In this Dsdaq review, we’ve learned that the platform is worth checking out. With this site, you get the chance to leverage different markets without the need to open several accounts. And you can also use your cryptos as collateral. It doesn’t get any better than that!
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Company details:
Dsdaq Market Ltd.
Related:
All Dsdaq reviews:
Best trading platform, i can trade stocks, gold, indices using crypto with one account.
Every trade using crypto collateral trading function, i will earn Origin D token.
Deposit and withdraw process is very fast, low fees.
Thanks for Dsdaq team, you made investor/trader easily to trade various assets.
Dsdaq is my first choice for trading traditional asset because I can use my cryoto as collateral which is unique. So I don’t have to sell by crypto when moon safe, secure, and easily.
I really like crypto collateral function. I can HODL my BTC and ETH while long tech stocks like Telsa. Great Innovation
The platform really satisfies all my demand. It is the unique place if you want to trade cryptos & other financial assets as well. Don’t miss it 🙂 The trading experience is fast and safe! They also host many activities for us, and I enjoyed a lot!
A unique platform with special functions, called crypto collateral. I enjoyed the fast and safe experience lot!
Tell us what you think of Dsdaq.
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