Dsdaq offers an exciting new way to invest in stock, indices, gold, forex and oil using cryptocurrency assets as collateral. In this review, we jump right in and examine the popular cryptocurrency margin platform to assess its features, trading experience, full list of trading pairs, security and customer service.
- World's first exchange with a crypto collateral trading service
- Trade stocks, indices, ETFs, commodities using crypto funds
- Margin trading between 10x and 100x (cross margin)
- Supports major crypto coins and popular DeFi trading pairs
- 24/7 live chat box for support
Dsdaq exchange is an exciting and innovative crypto trading platform that allows traders to use Bitcoin, Ethereum and Tether (USDT) to trade over 300 traditional financial. Users on the platform can speculate on stocks, indices, commodities, ETF, futures and Forex markets and trade crypto with leverage up to 100:1.
This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.
What Is Dsdaq?
Dsdaq is a cryptocurrency trading app that offers an innovative crypto collateral trading system that enables its users to trade stocks, indices, ETFs, commodities, and other assets using crypto as collateral. The exchange separates itself from the typical digital assets trading platform by using cryptocurrency assets as collateral to trade the world's most popular markets, without having to sell any crypto to fund an account.
As stated on the Dsdaq website, the exchange aims to bridge the gap between the conventional financial world and the cryptocurrency environment by offering institutional grade liquidity. The platform can achieve lighting fast trade speeds and deep liquidity through its partnerships with world-class financial institutions such as Morgan Stanley, Citadel, ANZ, J.P Morgan and HSBC.
The founding team of Dsdaq consists of leading experts in marketing, finance, operation, technology and compliance. The Dsdaq team has received $1.5 million angel investment from DraperDragon Innovation Fund which is associated with Bitcoin enthusiast Tim Draper and Effotronics Asia, a multi-billion dollar family that is located in Hong Kong. The full bio of the core team can be found on their about page.
Advanced features, an intuitive user interface and a mobile trading app are important features on Dsdaq. This comparison table lists other top rated crypto trading platforms like Dsdaq that offer world-class features.
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|Up to $100 welcome bonus||Visit Binance||Binance Review|
|319||0.02% / 0.07%|
|5% off trading fees||Visit FTX||FTX Review|
|None available at this time||Visit Prime XBT||Prime XBT Review|
|None available at this time||Visit Dsdaq||Dsdaq Review|
Features & Benefits
Dsdaq provides an advanced cryptocurrency trading app to buy, trade and sell over 300 financial products. Dsdaq offers the following features to its users:
- The first platform in the world providing crypto collateral trading service
- Trade traditional markets such as stock, indices, gold, forex and oil using cryptocurrency
- Compound potential profits if the trading asset and collateral both appreciate in value
- Spot market to exchange the major cryptocurrency assets
- Crypto margin trading account with leverage between 10x and 100x (cross margin)
- Free airdrop of the platform's native Origin D ('OD') token on each trade
- Supports popular cryptocurrencies and the popular DeFi trading pairs
- Excellent liquidity through partnerships with top financial institutes around the globe
- Ability to trade crypto using a demo account with virtual funds
- Intuitive mobile trading app to monitor portfolio and trade from anywhere
- Comprehensive training and supports guides to help get started with Dsdaq
- A referral program that rewards up to 30% of friends trading fees
- 24/7 live chat box for support
Dsdaq Trading Assets
Using Dsdaq app, users can trade over 300 assets in global markets across stocks, indices, commodities, futures, ETFs and cryptocurrency. To provide rapid charting, Dsdaq allows users to add markets to 'favourites' which will appear in a watchlist for quick access.
The following assets are available for trading on Dsdaq:
- Index: S&P500, Nasdaq100, Dow Jones 30, China50 Futures
- Commodity: Gold, Silver, WTI Oil, Brent Oil, Palladium, Platinum
- Forex: GPB, CHF, JPY, CAD, NZD, AUD, EUR
- US Stocks: Apple, American International Group, Amazon, American Express, Boeing, Alibaba, Bank of America, Canopy Growth Corp, Citygroup, Cronos Group INC, Cisco Systems, Chevron, Ebay, Ford Motor, Facebook, Fedex, General Electric, General Motors, Alphabet Inc Class C, Goldman Sachs Group, Hilton Worldwide, HP INC, IBM, Illumina, Intel, Johnson & Johnson, JP Morgan Chase, Coca-Cola, Mastercard, Mcdonalds, Microsoft, Netflix, Oracle, Pfizer, Procter & Gamble, Qualcomm, Ferrari, AT&T, Teva Pharmaceutical Industries, Tesla Motors, Twitter, Uber, Visa, Exxon Mobil
- Crypto Contracts: Bitcoin Cash, Bitcoin, EOS, ETC, Ethereum, Litecoin, Tron, USDT and Ripple
Users that trade stocks on Dsdaq will not own the real shares asset. Dsdaq uses a Contract For Difference (CFD) system that allows traders to speculate on the prices of stocks. The offering of a broad range of assets between crypto, indices and traditional stocks is similar to Currency.com.
What Countries Are Supported?
Dsdaq app is available worldwide for users to trade over 300 assets using crypto as collateral. There are a few countries that may not trade using Dsdaq due to strict regulations which include citizens of the United States, People’s Republic of China, Crimea, Cuba, Iran, Syria, North Korea and Sudan. American customers will need to find a licensed cryptocurrency exchange in the USA to trade.
Creating An Account
To get started, new users will need to download the Dsdaq app to begin trading. The Dsdaq trading app is available for download on Android and iOS mobile devices. The process is slightly different from a traditional cryptocurrency exchange which has a desktop version of the website to register an account and complete verification.
Once the app has been downloaded, there are just a few steps to create an account. If done correctly, users will receive an email with a security code that is required to complete the account setup.
Users will be required to provide their personnel details such as name, date of birth, phone number, residential address, copy of a valid identification card or passport and proof of address. It is a standard business practice worldwide to protect the crypto exchange from involvement in money laundering or suspicious activity. The documentation required for verification is in accordance with AML policies and not to be concerned about.
Trading With Dsdaq App
Dsdaq trading app is suitable for beginner and intermediate cryptocurrency. The user interface is highly intuitive, clean and simple to use. The default view features a simple candle stick chart to quickly view live price action and can be expanded to full screen mode. Scrolling the charts and adjusting the timeframe is responsive and users can switch between timeframes or add basic indicators using the navigational bar. Technical charting indicators on offer include:
- Moving average
- Bollinger bands
- Relative strength Index
The indicators available to choose from on the Dsdaq app are not as extensive as other crypto exchanges which are commonly integrated with Tradingview. Users that rely on technical analysis to place orders and manage risk will feel a little restricted. However with over 300 trading assets available, this is a reasonable compromise. Traders can use the search bar or browse by category feature to find a trading pair.
Below the order window, users will be able to view a snapshot of the asset open, close, low and high for the day with a live order book and volume profile. To place an order, there are buttons along the bottom with 'buy' and 'sell'. The order entry window provides the option to:
- Select an order type (market or limit)
- Enter in the margin amount (10x to 100x)
- Enter in trade volume or amount
- Set take profit level
- Set stop loss level
Overall, trading on Dsdaq is straight-forward and beginner-friendly. Traders who are familiar with using apps such as Metatrader 4 (MT4) will feel comfortable using Dsdaq to trade a wide variety of markets in a few clicks.
Dsdaq Crytpto Collateral
The main feature of Dsdaq is Crypto Collateral trading service which brings together traditional finance investing with cryptocurrency trading in a single trading account. The crypto collateral service is a unique feature that is available to Dsdaq only that allows traders to use BTC, ETH or a stable coin such as USDT as collateral against traditional markets. Using crypto collateral charges zero transaction fees on crypto trades.
Crypto collateral will benefit investors that are comfortable with trading across a variety of markets to take advantage of price movements. A single trading account such as the Dsdaq app can be used to invest in over 300 assets. Investors will also not be required to sell a portion of their crypto holdings to trade stocks, indices, commodities or the forex markets.
Other advantages of using Dsdaq's crypto collateral trading service are:
- Quickly and easily switch positions between crypto and hundreds of traditional assets
- Balance portfolio and hedge market risk by allocating funds across a variety of assets
- Trade across each financial instrument with 10 to 100x leverage
- Minimize the deposit and withdraw costs on a traditional trading platform
As an example, a user that wants to trade GOLD can transfer Bitcoin from the crypto wallet to the crypto collateral wallet which has a collateral rate of 70%. The user can now trade GOLD without selling Bitcoin.
The fee on Dsdaq spot exchange is a flat 0.1% per trade. The trading fee is competitive with leading cryptocurrency exchanges such as Binance, BitForex and KuCoin. There is a minimum trade amount of $5 USD traders should be aware of.
The trading fee structure for margin trading and crypto settled contracts varies slighting and uses a maker and taker model, as follows:
- Taker: 0.05%
- Maker: 0.02%
A flat trading fee of 0.015% applies per trade on traditional markets such as indices, forex (FX), commodities and stocks (CFDs). For a full list of Dsdaq's trading fees and trade limits, visit the fee's page.
Exchanges Like Dsdaq
Dsdaq trading platform offers exciting features on its mobile app that is competitive against its rivals such as BitMEX, PrimeXBT, Bitpanda and Robinhood in the cryptocurrency and traditional markets space respectively.
The benefit of using Dsdaq as an alternative is the access to additional cryptocurrency derivatives pairs, spot trading, traditional markets to trade and the unique crypto-collateral market that can be traded using a beginner-friendly mobile app.
According to the Dsdaq website, the trading exchange uses a raft of security measures to protect its customer's information and keep funds safe. These include an offline cold storage device, multi-signature withdrawal process and hosting on the reputable Amazon Web Service (AWS) Cloud.
Users can increase the security level on the trading app by selecting:
- Email verification
- Phone verification
- Google authentication (2FA)
- Fingerprint unlock
Dsdaq website uses a Zendesk live chat bot to provide a 24/7 customer support service to users that require assistance. Unfortunately, when we tried it, we never received a response after 20 minutes and gave up. There are also guides and FAQ's on the Dsdaq site in the 'Help Centre'. The topics covered are comprehensive with step-by-step instruction and images to help beginners using Dsdaq for the first time.
Frequently Asked Questions
Dsdaq appears to be a legit cryptocurrency trading platform that is incorporated in St. Vincent & the Grenadines as Dsdaq Market Ltd. an International Broker Company with the registration number 25732 BC 2020.
Dsdaq crypto exchange appears to be a secure trading app to protect and keep user's funds safe. According to the Dsdaq blog, the exchange uses bank-level security, 256-bit encryption and multi-layered security architecture to safeguard customer assets. Other security features that are stated on the website include offline cold storage, secure infrastructure hosting on Amazon Web Service (AWS) Cloud and Two-Factor Authentication.
Dsdaq referral program rewards customers with a $20 bonus for each new customer referred to the exchange that deposits fiat currency and completes their first transaction. There is also an affiliate program that provides 30% of the referred users trading commissions. Existing users can share their referral link or promo code with friends and family to receive rewards.
To conclude our Dsdaq review, the app allows users all over the globe to trade the traditional markets and cryptocurrency using a user-friendly and intuitive mobile app. The highlight of the cryptocurrency trading exchange is the unique crypto collateral feature that will attract traditional traders and cryptocurrency investors.
Dsdaq is an innovative platform that makes investing simple using a single unified app to trade global stocks, indices, commodities and cryptocurrencies with zero commission on trades. It is a 'one-stop-shop' that provides traders with an excellent mobile trading experience and the ability to diversify a portfolio with access to over 300 trading assets, deep global liquidity and rapid trade execution speeds.