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dYdX vs Remitly

dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only dYdX has a free tier, so it costs nothing to try first.
  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; Remitly no fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • They diverge on capability: dYdX covers Perpetual Contracts, Remitly covers International remittances.

Where they differ

Only the attributes on which dYdX and Remitly actually diverge.

Attributes where dYdX and Remitly differ
AttributedYdXRemitly
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
PlatformsWebWeb, IOS, Android
Founded20172011

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in dYdX

  • Perpetual Contracts
  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK

Only in Remitly

  • International remittances
  • Multiple delivery methods
  • Send money to 200+ countries
  • Currency conversion
  • Bank accounts
  • IOS support
  • Android support

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

dYdX

  • Definot Remitly
  • Dexnot Remitly
  • Derivativesnot Remitly

Remitly

  • Sending cross border remittances from a phone or browsernot dYdX
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot dYdX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

Remitly

  • No fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • The Express and Economy delivery options have no published price difference

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

Remitly

On request
  • Express$undefined/month
    • Fast transfers
    • Multiple delivery methods
  • Economy$undefined/month
    • Lower cost option
    • 3-4 day delivery

Which should you pick?

Choose dYdX if

  • You need perpetual contracts.
  • You want to start without paying.
  • You also want cross margin.
dYdX review

Choose Remitly if

  • You need international remittances.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
Remitly review

Questions people ask

Is dYdX or Remitly better?
Neither clearly leads. dYdX starts at Free and Remitly at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or Remitly?
dYdX has a free tier; the other does not. Paid plans start at Free for dYdX and On request for Remitly.
Does dYdX or Remitly run on more platforms?
dYdX runs on Web. Remitly runs on Web, IOS, Android.
Can I use dYdX for free?
Yes. dYdX has a free tier, so you can try it without paying. Remitly starts at On request.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, defi and dex are not what Remitly is typically brought in for.
What can dYdX do that Remitly cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Both handle Web support.

Answered from the vendors’ own pages

dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

Source
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

Source
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

Source
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Related pages

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