Dsdaq
Reviews 2
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2.4
Unverified company
dsdaq.com
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Application for easy trading of more than 300 assets in global markets using cryptocurrency as collateral.
Forex broker
Website
Social media
Date of foundation
2018
The owner of the company
Dsdaq Market Ltd.
Types of support
Live Chat
Help Center: [email protected]
Facebook: @DsdaqCom
Telegram: @DsdaqCom
Twitter
Languages
Russian, English, Chinese, Taiwanese, Korean, Indonesian
Terminals
Author's platform
Min. first deposit
From 0.001 BTCEquivalent of other cryptocurrencies
Broker fee
0.02% for the maker and 0.05% for the taker
Lot volume
From 0.01
Leverage
To 1:100
Free Demo Account
No
Adjustable
No
Types of accounts
Methods of replenishment
Cryptocurrency wallet
Withdrawal methods
Cryptocurrency wallet
Number of assets
300+
Types of assets
Currency pairs
Cryptocurrency
Products
Indexes
Stocks
Cryptocontract
Account currencies
Cryptocurrencies
Liquidity providers
Morgan Stanley, Barclays, BNP Paribas, Citadel, Standard Chartered, Royal Bank of Scotland (RBS), Goldman Sachs, ANZ, HSBC, State Street, Nomura Bank, J.P. Morgan
Mobile Trading
Has mobile apps (iOS / Android)
Weekend trading
No
Tournaments / contests
No
Trader training
The Academy, a reference center and blog
Contract Difference Commission
No
Swaps
No
PAMM trading
No
Analytics
No
Margin Trading
Yes
Affiliate Program
Registration30% from each transaction attracted friends, promotional code for referrals M7I20N
Benefits
One account for trading all assets
Using cryptocurrency as collateral for trading on world markets
Low commission for trading
Low cost of overnight financing
User-friendliness for entry-level users
24-hour customer service
Company requisites
Date of update
26.04.2022
Overall assessment
8.4/10

    Dsdaq is it a scam? Reviews and description

    21 October 2020


    Dsdaq - it is a bridge between the conventional financial world and the ecosystem cryptocurrencies. With the Dsdaq app, users can easily explore and trade hundreds of global financial assets. Dsdaq has pioneered the global business model of cryptocurrency collateral trading and opened the gateway to global markets for crypto advocates and traditional investors alike.

    Let's take a closer look at this growing trading platform today and find out if the Dsdaq platform is a scam.

    Is the Dsdaq a scam? Reviews

     

    Terms of trading with Dsdaq

    Dsdaq is the world's first trading app that allows users to use their bitcoins to trade more than 300 popular common financial assets such as stocks, indices, commodities, ETFs, futures and forex, with leverage ranging from 10 to 100. Their particular breakthrough innovation is a collateralized cryptocurrency trading system in which users can borrow money on the platform while still keeping their bitcoins. With this starting point, it is believed that Dsdaq has particular potential for different types of traders in the world of financial asset investments and cryptocurrencies.

    For those who believe in cryptocurrency, Dsdaq offers a new use case because they can now use their cryptocurrencies to trade conventional financial assets to diversify their investments to hedge risk and take advantage of opportunities more easily. Traders will find that the speed of depositing and withdrawing funds on Dsdaq is unparalleled. By saving time on manual transactions and infrastructures, cryptocurrency trading will be completed in seconds or a maximum of one day instead of two or three days, as is usually the case with traditional trading.

    For traders who have limited access to global markets, Dsdaq removes investment barriers caused by the lack of financial infrastructure or currency controls. Users will receive free ODs, ERC20 tokens issued by Dsdaq on the blockchain, for each transaction they make. Users can exchange ODs for BTC and ETH.

    Dsdaq benefits

     

    The main characteristics of Dsdak

    The Dsdaq trading platform contains many features that make traders' lives easier and more profitable. Here are the key features that make Dsdaq competitive and promising in the market of the future:

    • Use cryptocurrency as collateral for trading on world markets.
    • Borrow money with a high pledge rate: 100% for USDT, 70% for BTC and ETH.
    • One account for trading all assets: more than 300 global popular investment instruments, including stocks, commodities, ETFs, futures, cryptocurrencies, Forex.
    • Low commission for trading - zero commission for traditional trading of financial assets, 0.1% for trading cryptocurrency on the spot market, for trading cryptocurrency contracts the commission is 0.02% for the creator and 0.05% for the buyer.
    • Very low cost of overnight financing: 0.015% per day.
    • Leverage from 10 to 100.
    • Convenience for entry-level users.
    • Great customer service 24/7.

    How do I sign up for a dsdaq.com account?

    Setting up a Dsdaq account is very easy and takes less than 5 minutes for each user:

    • Step 1: Download and install the Dsdaq application.
    • Step 2: Open Dsdaq and click "Account" on your account page.

    Dsdak registration

    • Step 3: Click "Login" - "Not registered? Register."
    • Step 4: Enter your email address, choose a password and enter your referral code if you have one.
    • Step 5: Check the Dsdaq expiration date and nationality statement boxes, then submit.
    • Step 6: You will receive an email, correctly enter the 4-digit security code into the app, and your Dsdaq account will be successfully set up. In addition, by inviting referrals using promo code M7I20N, you can receive additional rewards from 30% from each friend's transaction.

    Who invested in the Dsdaq?

    In April 2020, Dsdaq received a $1.5 million investment from DraperDragon, a Silicon Valley venture capital firm affiliated with Tim Draper and Efftronics Asia, a multi-billion dollar family investment office in Hong Kong.

    About Draper Dragon Fund

    Draper Dragon Foundation (also DFJ Dragon), founded in March 2006, was a joint venture between internationally recognized venture capital firm Draper Fisher Jurvetson (DFJ) and DragonVenture that helped aspiring entrepreneurs in China in the late '90s.

    Since its inception, DFJ DragonFund has managed two funds in U.S. dollars, "DFJ DragonFund I and DFJ DragonFund II," and one fund in renminbi. In 2014, the DFJ Global Network was renamed the Draper Venture Network. With the launch of the 3rd dollar fund in 2016, the DFJ Dragon Fund became known as Draper Dragon. Draper Dragon has invested in blockchain companies such as Ledger, Vechain, Ultrain, Aelf and Token Insight. Draper Dragon was ranked 18th in the world among crypto investors by Crypto Fund Research in 2019.

    About Tim Draper

    Timothy Cook Draper (born June 11, 1958) is an American venture capitalist and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, Draper Associates and Draper Goren Holm. His best-known investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring, Twitter, DocuSign, Coinbase, Robinhood, Ancestry.com, Twitch, Cruise Automation and Focus Media. Draper is a bitcoin and decentralization advocate.

    What makes Dsdak special?

    In the past, crypto traders could only engage in spot cryptocurrency trading and contract trading. Now with dsdaq.com traders can use their cryptocurrencies to trade more than 300 stocks, indices, commodities, foreign currencies and cryptocurrencies, allowing them to hedge the risk of owning one asset type.

    We have to admit that most crypto traders like risk. However, we all know that the big whales can easily manipulate the price of cryptocurrency to force small investors to liquidate. Now on the Dsdaq, crypto traders can also use leverage to profit from the ups and downs of global markets, which are highly regulated and cannot be manipulated to protect their funds from malicious fraud.

    What assets can you trade on dsdaq.com?

    Recognizing the disadvantages of fragmentation for all trading platforms in the current market, dsdaq.com was created to enable the integration of traditional investments with cryptocurrencies. After depositing cryptocurrency on the Dsdaq platform, users are allowed to trade various asset types such as stocks, cryptocurrency, forex, commodities, indices, ETFs and crypto contracts.

    There are currently more than 30 of the most popular cryptocurrency trading pairs, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Link, BSV, Dash, ETC, EOS, ADA, SUSHI, YFI, YFII and over 200 traditional assets on Dsdaq. These numbers will increase steadily as the Dsdaq evolves. A brief description of all trading assets grouped by financial asset type on Dsdaq is shown below:

    dsdaq.com assets

    The creation of the Dsdaq trading platform also helps improve the financial infrastructure of underdeveloped regions using blockchain technology and bridge the gap between traditional finance and the cryptocurrency world, as global traders can invest in financial assets from any different country using the trading platform. Dsdaq. If you want to see a complete list of tradable assets, you can go to the "Discover" page of the Dsdaq app, click the search bar, and you can find all the assets that can be traded on Dsdaq (see demonstration below):

    Dsdaq asset search

     

    Mobile application

    The Dsdaq platform is trading-oriented, so so far it only has a mobile app, so that users can trade at any time of the day and anywhere easily and quickly. It is available for both Android and iOS.

    Dsdak mobile app

     

    Trading on the Dsdaq

    Dsdaq has created an innovative cryptocurrency trading model that connects the world of cryptocurrency with traditional financial assets. If you open your Dsdaq wallet page, you will find that the "wallet" on Dsdaq for all users consists of three sub-accounts: Crypto Account, Crypto Contract Account and Crypto Collateral Account.

    Crypto-spot trading

    Just like on other crypto exchanges, users deposit and withdraw cryptocurrency from their "Crypto Account". By clicking each coin name, users will see buttons such as deposit, withdrawal, transfer and spot trading.

    dsdaq.com crypto-spot trading

    Cryptocurrency trading

    If users want to trade cryptocurrency contracts, they first need to transfer some cryptocurrencies from a cryptocurrency account to a cryptocurrency account, and then they can start trading cryptocurrency contracts. Moving cryptocurrency between sub-accounts is real-time and free of charge. The cryptocurrency contract trading feature is also quite similar to other major crypto exchanges. It's a perpetual contract, and the depth of liquidity isn't bad. Dsdaq provides leverage from 10 to 100.

    Dsdaq cryptocurrency trading

    Trading financial assets with cryptocurrency collateral

    And here is the most unique feature of Dsdaq. The Cryptocurrency Collateral Account (CCA) concept is a great innovation from Dsdaq that aims to allow traders to use cryptocurrency as collateral to trade financial assets such as stocks, indices, gold, oil and forex. With a CCA account, traders can make money in the financial market without having to sell their cryptocurrencies.

    If users want to trade various global assets, they first need to transfer some cryptocurrencies from a crypto account to a crypto collateral account. Immediately after the transfer, users will see the balance displayed in the cryptocurrency collateral account. Dsdaq lends users money in US dollars according to the real value of the cryptocurrency in their cryptocurrency collateral accounts. This way, they can start trading traditional financial assets.

    Dsdaq trade in financial assets

    Until now, only BTC, ETH and USDT could be shared. According to Dsdaq, the collateral is 100% for USDT and 70% for BTC and ETH. Thus, the net value (USD), net collateral value (USD) and margin level of each user would be calculated as follows:

    • Net Value=USD balance + (Crypto Amount+Current Crypto Price)+Unrealized Profit/Loss.
    • Net Collateral Value=USD balance + (Crypto Amount*Current Crypto Price*Collateral Rate)+Unrealized Profit/Loss.
    • Margin Level = (Net Collateral Value/Reserved Margin)*100%.

    When the margin level is less than 150%, users will receive a margin notification via e-mail and SMS. As long as the margin level is less than 50%, users' positions will be forcibly closed.

    Hedging margin

    Hedging margin on dsdaq.com is set to the "higher side". If a user opens both buy and sell positions for the same asset, only the margin for the majority of the hedge transaction will apply. For example, if you buy 3 lots of oil and the reserved margin is $3,000, you sell 2 lots of oil and the reserved margin is $2,000. In this case, the actual reserved margin for all 5 lots of oil is still $3,000, not $5,000.

    When you make a profit from trading cryptocurrency collateral, your profit will be in U.S. dollars. When you close a position with a profit, the profit will be added to your U.S. dollar balance in your cryptocurrency collateral account. If you want to withdraw U.S. dollars, you need to convert them to BTC, ETH or USDT, then transfer the cryptocurrency to your Crypto account and then withdraw them.

     

    Bonuses and discounts dsdaq.com

    Dsdaq is offering a $10 sign-up bonus to all new users to encourage cryptocurrency trading.

    dsdaq.com bonuses

    How do I unlock the bonus?

    You can unlock the bonus by trading on the Dsdaq. For every $6,000 of trading volume, a $1 bonus will be unlocked. This is easily achievable for most since 100x leverage is available for many assets. The bonus will be unlocked when the position is closed. For example, if you open a position with a $30 proprietary fund and 100x leverage, then the trade volume is $3,000, you will unlock the $0.5 bonus when the position is closed.

    The bonus will be immediately added to your balance and can be used for trading or withdrawal. Every time you close a position, the unlocked bonus will be added to your Wallet-Crypto-Crypto-USD balance. You can check the details at Wallet-Crypto Colletral-USD. Sign up with an invite code and receive a $20 bonus. When you use an invitation code from others to sign up for your Dsdaq account, you'll receive a $20 welcome bonus. You can find details at Dsdaq App-Account-Bonus.

    Affiliate Program

    Dsdaq also has its own affiliate program. This platform really puts users' interests first and encourages invitations to increase the number of platform users.

    Referral program

    Invite your friends to sign up on Dsdaq and they will receive a $20 welcome bonus. You can get 30% commissions for every time your friends make a transaction on Dsdaq, there's a special referral promo code for that: M7I20N. What's even more amazing about this referral program is that those who have used the referral code can receive a lifetime commission, so you can earn your passive income on Dsdaq permanently. On many other exchanges, you could only get a commission from a friend for 6-12 months.

    Dsdaq referral program

    How to invite a friend?

    To invite your friends, follow these steps:

    • Download, install Dsdaq on your cell phone and register your account.
    • Open the Dsdaq app, click "Account", "Referral" and find your referral link or referral ID.
    • Send the referral link to your friends to sign up. Ask your friends to enter your referral ID when registering.

     

    Platform Commissions

    Dsdaq does not charge commission when trading financial contracts using cryptocurrency, which means users can trade stocks, indexes, commodities, ETFs, Forex with cryptocurrencies for free. The commission for spot cryptocurrency trading is 0.1% for all trading pairs. When it comes to trading cryptocurrency contracts, Dsdaq keeps it simple: 0.02% for the maker and 0.05% for the taker, respectively. These rates seem to be very competitive in the market.

    • Commission for spot trade 0.1%.
    • Commission for trading cryptocurrency contract Maker fee:0.02%, Taker fee:0.05%.
    • Financial Assets 0%.

     

    Dsdaq platform token

    The Dsdaq platform token, OD, seems valuable enough that you can't miss it. The future value of OD is supported by the following two schemes:

    • First, the volume of OD output will gradually decrease. Beginning January 1, 2021, the complexity of OD production through trade will increase by 10% over the previous cycle on January 1, April 1, July 1, and October 1 of each year.
    • The second is the redemption and burning of ODs. Every quarter, Dsdaq will use the 30% profits of the platform to redeem and burn ODs, which will be verified by a third party and available for verification on the blockchain. For these reasons, it is possible that OD will someday become a major platform token like BNB Binance. Let's take a closer look at how OD works for each trader:

    Origin D ("OD") is a decentralized crypto token issued on the Ethereum network by Dsdaq. Dsdaq does not raise any funds through initial coin offerings (ICOs). The total circulation of ODs is 1 billion. All ODs are distributed for free to users, promoters, developers and support partners.

    OD is a proof of rights and interests of the Dsdaq network. OD owners are entitled to receive free giveaway tokens, participate in community governance by voting, enjoy priority to become a global Dsdaq node, etc. 30% of Dsdaq's quarterly profits will be used to buy back and burn ODs until 300 million ODs remain.

    Free tokens

    Dsdaq does not raise funds through ICOs. All ODs will be provided to users, promoters, developers and partners on 100% free of charge. The amount of OD they can receive is proportional to their contribution to the community. Users can get free ODs from:

    Trading on the Dsdk

    A user will receive a certain amount of OD for each successful transaction. To reward the first users, Dsdaq uses a predetermined deflation model, and the first users will receive more ODs. As the volume of transactions and the number of users increase, it will become harder to get ODs.

    Promotion

    To align users' interests with those of the platform, Dsdaq will continuously reward users for their advertising behavior, whether they use the referral or sharing features built into the App or create content on Twitter, Facebook, Telegram, Youtube or any other media to promote Dsdaq. There will be many ongoing rewards programs, users can join the official Dsdaq Telegram group to get the latest information.

    Help build the Dsdaq ecosystem

    Exchanges and market makers that provide liquidity and high-quality services to DSdaq users, technical groups and individual developers who help improve Dsdaq products will also be rewarded by OD based on their contributions.

    Circulation and distribution scheme

    The total circulation of the OD is 1 billion. The pattern of distribution is as follows:

    • Users: 70% to reward users for trading and promotion.
    • Investors: 20%, unlocked in four years, 25% per year.
    • Command: 10%, unlock in four years, 25% per year.

    Redemption and Burning

    Dsdaq will use 30% of quarterly proceeds to buy back ODs and transfer ODs to a black hole address to burn until 300 million ODs remain. OD development chronology:

    Dsdak token development

     

    Deposit and withdrawal

    To make a deposit, do the following:

    • Log in to the Dsdaq app: click "Wallet" and select a coin.
    • Click Deposit.

    dsdaq.com recharge

    • Copy the deposit address and paste it into your withdrawal platform or scan the QR code of the deposit address.
    • To check the status of your deposit: Click on the name Wallet-Crypto-Coin.

    Dsdaq deposit status

    How do I withdraw funds from my account?

    • Log in to your Dsdaq application account. Click "Wallet" and select a coin.
    • Click Remove.

    Dsdak withdrawal

    • Enter the "Withdrawal Address" and the "Withdrawal Amount" and click "Withdraw".
    • To check the status of withdrawal: Click the name of Wallet-Crypto-Coin.

    dsdaq.com withdrawal status

    How to transfer between sub-accounts?

    If you want to trade a cryptocurrency contract or a financial product contract, you must first transfer the cryptocurrency to a cryptocurrency contract account or a cryptocurrency collateral account.

    • Step 1: Select and click the cryptocurrency you want to transfer.

    Dsdaq cryptocurrency translation

    • Step 2: Select the sub-account to which you want to transfer funds.

    Dsdak selection of sub-accounts

    • Step 3: Enter an amount.

    dsdaq.com enter transfer amount

    • Step 4: Click the Transfer button.

    Note: you need to pass Google 2FA verification when transferring cryptocurrency to cryptocurrency pledge account. In the future, we will add more features to make the deposit, withdrawal, transfer process more convenient, fast and secure.

     

    Complaints about dsdaq.com

    Since Dsdaq is a recently launched trading platform, it has relatively few trusted users right now, as we have studied traders' reviews of the broker online, and we can note that in most cases, users give positive feedback and fully trust Dsdaq. At Dsdaq, 24/7 customer service is a top priority. The global supporters are always ready to respond very quickly and always seem to do their best to help you as a customer.

    If there are any complaints about the Dsdaq platform, we will be sure to post on social media. Sign up so you don't miss anything!

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

    Customer Service

    Any problems or ideas are welcome at Dsdaq. Because of the nature of the platform, people will inevitably need help. The Dsdaq support system will respond immediately upon receiving your message from any platform. For interested traders around the world, there are Dsdaq groups through which you will receive the latest information on crypto news and platform updates.

    Dsdaq help center

    Official Twitter account: @DsdaqCom, also active for traders in social networks. To contact the support team you can use:

    Dsdaq has a main help center that has detailed articles and guides on everything related to the exchange. If you have a problem with Dsdaq, you can go here first - it will be easy to find the answer there.

    Live Chat

    You can contact Dsdaq in the "live chat" on the official website or in the app. Your questions will be resolved in a matter of minutes. Dsdaq uses Zendesk software for its live chat, and it is functional and easy to use.

    Dsdak online chat

     

    Is the Dsdaq a scam?

    According to the information published on the official website, it is fair to say that Dsdaq - is a platform that is much more reliable and accountable than many existing exchanges. First, as mentioned above, Dsdaq is invested in by Draper Dragon Fund, a well-known Silicon Valley venture capital fund. I double-checked the information on the Draper Dragon website and found the Dsdaq logo on the portfolio company page. I also learned that Tim Draper is a special partner in this limited partnership fund. We all know that Mr. Tim Draper is world renowned for his investments in many unicorns including Coinbase, Robinhood, Tesla, etc. Given that crypto exchanges rarely attract equity investments from traditional VCs, I believe that Dsdaq has the potential to be the next great platform.

    Second, Dsdaq claims to offer institutional-level aggregate liquidity and uses Straight Through Processing (STP) execution. A list of liquidity providers can be found on its website (as shown below). STP execution eliminates any potential conflict of interest and ensures that users' trades are transmitted at lightning speed to top-tier liquidity providers. Because Dsdaq combines crypto and traditional financial instruments, it is important to partner with reputable liquidity providers. Third, Dsdaq maintains multiple systems and modules to ensure stability and security of use, as presented on the security page of the Dsdaq website.

    dsdaq.com liquidity providers

    Wallet security

    The majority of customers' (Bitcoin) crypto-assets on Dsdaq are stored in their offline storage system ("Cold Storage"). Only a small portion of crypto-assets are stored in their online wallets ("Hot Wallet"). Dsdaq Hardware Security Modules (HSMs) controlled by multiple members of the management team. It takes more than half of the HSMs (management team members) to approve all transactions, one HSM will not be enough to initiate a transfer of funds. It is virtually impossible to get enough of these administrators to allow a Hacker to gain access to a cold vault. You have the promise that the security and stability of your deposited funds will always be one of their top priorities.

    System security

    Dsdaq deploys its trading system and protects instances of its services in the Amazon Web Service (AWS) cloud. AWS has a proven track record of physical security and internal controls. Dsdaq uses multiple layers to separate different availability zones and instances for different functions. There are several layers of security and internal access control protocols to control overall availability. In addition to network security management, Dsdaq also applies restrictions at the system level. In many restricted zones, they allow only whitelisted instances to access the system.

    User account security

    Dsdaq uses a 2FA (two-factor) authentication mechanism to protect all user accounts. When a user performs any critical action, such as revocation, transfer, or password change, the system enforces 2FA authentication. This allows the user to perform a secondary authentication to protect the security of the account. Their 2FA system uses a one-time password algorithm based on time, which requires the Google Authenticator app. Overall, Dsdaq is recommended for anyone interested in trading financial assets for cryptocurrency.

     

    Conclusion

    To summarize, Dsdaq serves as a bridge between cryptocurrency and the global financial market. It is suitable for a wide range of traders and is suitable even for the most inexperienced. The main points should be the speed of trading, the special product (cryptocurrency trading with collateral) and security. Like everything else, there is room for improvement in some aspects of the platform. Basically, as far as existing 300+ financial assets are concerned, there should be more assets and cryptocurrencies to trade. There is a workaround where users can simply trade whatever assets they want with their cryptocurrencies on Dsdaq.

    In general, Dsdaq is recommended for anyone interested in trading financial assets for cryptocurrency. To keep up with the latest news about Dsdaq, bookmark the Dsdaq blog and subscribe to their Telegram group chat. If you enjoyed this review and found it useful, feel free to share it with others, and if you have any comments or questions, feel free to leave them below.

    Trading tools and assets
    50%
    Withdrawal speed
    40%
    Broker fee
    60%
    Technical support
    40%
    2.4

    Отзывы

    • Dsdaq is a relatively young company, which...

      Dsdaq is a relatively young company, which has many advantages, including work with cryptocurrency, low commissions, high leverage and 24-hour customer support. There are almost no reviews about Dsdaq broker on the Internet, also there are no mentions about the company on other thematic resources and news sources. Our team has compiled a detailed review of the broker, identified its advantages and weaknesses, checked legal documentation and carefully examined the trading platform. This will help you make a decision when choosing a broker and reduce the time you need to find the information you need. And if you have already had experience with Dsdaq, can you tell us how your trading went? Did you have any problems to tell our readers about? If not, would you recommend the broker to other traders?

      Reply to this review
      3.5
    • I have been trading on this platform...

      I have been trading on this platform for a long time now and I have no problems with it.

      Reply to this review
      1.3
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