DueDex Review

DueDex is a crypto derivatives trading platform that aims to provide fair trading for people all over the world. The exchange was founded in 2019 by Bo Wang and has multiple offices and employees in the Philippines, Cyprus, Hong Kong, and Beijing. 

With all of the emerging cryptocurrency trading platforms, there are some that sometimes pop-up and offer a high-quality product. High quality for futures trading platforms is based on two things – Stability and Trading engine capabilities. DueDex is one of those trading platforms that fall to those categories besides Phemex and Margex – two other exchanges with good products.

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DueDex Trading Instruments

DueDex for the moment is a futures trading dedicated trading platform as you have no spot trading available. At the moment the number of the assets that can be traded on the platform are very few but this is compensated by the strong performance of the trading engine. 

What can I trade on DueDex?

• BTCUSD – 100x
• BTCUSDT – 100x
• ETHUSDT – 50x
• LINKUSDT -50x

The leverage that you can use for trading is up to 100x for the Bitcoin pairs and up to 50x for Ethereum and Link. The lower leverage on ETH and Link is lower because of the higher risk and volatility that comes when trading altcoins.

Deposits and Withdrawals

The deposits and withdrawals on DueDex are fairly limited which is quite common in the industry for futures trading. You can only deposit and withdraw BTC and USDT on DueDex.

Security

As all of the standard security requirements for crypto exchanges of this type DueDex applies Google Authenticator, SMS, and E-mail notifications. On the security front, DueDex can work to add a little bit more in order to make its customers feel safer when they deposit their hard-earned money.

User Interface

DueDex user interface is quite friendly for newcomers as it is simple with a clear indication of the order types, leverage used, and the contract quantity input place. The user interface is fully customizable as every tab can be adjusted manually to the user’s desire. The basic view is quite well laid out so that new people to leverage trading won’t get confused and overwhelmed by all of the options that can be found on such exchanges. 

Order Types

The basic mandatory orders such as Market and Limit are present with Conditional order available for those that want to have more control over the open orders and positions. 

Fees

The trading fees on DueDex are low and provide a great trading incentive. For the trading pairs BTC/USD, BTC/USDT, and ETH/USDT the Maker fee is -0.025% and the Taker Fee is 0.075%. For LINK/USDT at the moment there are no fees as a trading incentive, promotion to attract more customers to a new more exotic trading pair.

Daily Trading Volume

As of the moment of writing this review, DueDex has a daily trading volume of around 17 million USD with the majority being in BTC/USD with the rest of the contracts having the volume equally distributed. 

Affiliate Program

The affiliate program of DueDex offers up to 50% lifetime commission which is a lot higher than the average standard for the industry and on top of that, there is a second level with a 20% referral commission.

Conclusion

DueDex is a new and emerging crypto derivatives trading platform offering a limited number of trading instruments. More can be done on the security front and descriptions. The user interface is quite good and easy to understand. If you are looking to experience something new and diversification of the trading platforms that you use, this platform can be a good choice.

DueDex is a new crypto derivatives trading platform where you can trade with up to 100x leverage on Bitcoin, Ethereum, and Chainlink.

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