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Best Crypto Perp DEXs 2025 (Hyperliquid vs Apex vs Aster etc)

#Cryptocurrency
2025-11-07 18:4410 min read

Content Introduction
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In this video, we explore various decentralized exchanges (DEXs) for trading cryptocurrencies. The presenter highlights key aspects such as the differences between platforms, trading fees, and crucial information to consider. Focus is also given to recent developments in decentralized finance (DeFi) where many new exchanges are emerging, some of which launch tokens for early users, potentially offering airdrops as incentives. The video delves into the workings of exchanges like Apex and Hyperlquid, emphasizing the utility of stablecoins like USDT and USDC for transactions. Viewers are cautioned about the risks in DeFi, particularly regarding the distinction between on-chain and centralized exchanges, and the importance of trading volume for asset prices. The presenter provides guidance on how to navigate these exchanges, manage trades, and stay updated on bonuses and fees. Information and links for additional resources are promised in the video description.

Key Information

  • The video discusses the best practices for trading cryptocurrencies, focusing on various platforms.
  • It highlights the differences between various trading platforms, including trading fees and functionalities.
  • The new category of decentralized exchanges (DEX) in the DeFi space is emphasized, explaining how they operate differently from traditional exchanges.
  • It is explained that many platforms will reward early adopters with tokens through airdrops once they launch their token.
  • Users do not need to undergo KYC processes on decentralized exchanges, allowing easier access for trading.
  • A cautionary note is provided regarding the risks associated with using DeFi platforms, including potential losses and lack of legal recourse.
  • The importance of liquidity, trading volume, market participants, and their features is discussed for choosing exchanges.
  • The video concludes with an overview of how to deposit and withdraw stable coins into exchanges and the concept of on-chain trading.

Timeline Analysis

Content Keywords

crypto exchanges

This video provides an overview of the best exchanges to trade cryptocurrency, including insights on platforms, trading fees, and essential information for users.

DeFi

Explains how decentralized finance (DeFi) platforms are relatively new, with some exchanges launching their own tokens and aiming to reward early users through airdrops.

trading fees

Discusses the importance of trading fees in selecting platforms, highlighting differences among exchanges and the potential for promotional offers.

Apex and Hyperlquid

Apex emerged from Bybit, and Hyperlquid is an independent protocol offering competitive trading fees and user incentives.

centralized vs decentralized exchanges

Examines the differences between centralized exchanges and decentralized exchanges, focusing on security, user experience, and the importance of due diligence in DeFi.

stablecoins

Stablecoins like USDT and USDC are emphasized as a preferred means of trading on these platforms, discussing how to deposit and withdraw effectively.

onchain trading

Clarifies the concept of onchain trading, detailing the process of connecting wallets and the implications of operating via smart contracts.

risk in DeFi

Highlights the risks associated with trading in decentralized finance, urging caution and understanding of the platforms being used.

user documentation

Addresses the lack of comprehensive documentation on certain exchanges and the challenges users may face in understanding trading mechanisms and fees.

Related questions&answers

What are perexes?

Perexes are a fairly new category within DeFi (Decentralized Finance) that allow users to trade cryptocurrencies. They are essentially decentralized exchanges designed for trading purposes.

How do I choose the best exchange for trading?

When choosing an exchange, consider factors like trading fees, supported assets, the amount of trading volume, and market participants. Major players typically offer better security and liquidity.

What are the benefits of using decentralized exchanges?

Decentralized exchanges provide more control over assets as users trade directly from their wallets without the need for KYC. They also often present lower fees and trading times similar to centralized exchanges.

What should I be aware of when trading on decentralized exchanges?

Be cautious of the risks involved as decentralized exchanges may not provide the same level of security as centralized ones. Factors like market volatility and liquidity issues can also affect your trades.

Will I receive bonuses for trading on specific exchanges?

Many platforms offer bonuses for early users or trading volume, but these can change over time. Check the platform's documentation or announcements for the latest information.

Are there fees associated with using decentralized exchanges?

Yes, while decentralized exchanges often have lower fees than centralized exchanges, transaction fees may still apply. These can include trading fees, withdrawal fees, or gas fees when using the blockchain.

How can I participate in airdrops?

To participate in airdrops, you typically need to be an early user or holder of a specific token. Some platforms may notify you of airdrop eligibility through their documentation or announcements.

What is the role of tokens in decentralized exchanges?

Tokens can provide users with governance rights or incentivize trading. Some platforms may airdrop tokens to early adopters, while others may require tokens to facilitate trading on that exchange.

How do trading spreads affect my trades?

Trading spreads refer to the difference between buying and selling prices. Tight spreads typically indicate higher liquidity and are more favorable for trading, while larger spreads may result in higher trading costs.

What documentation should I check before using a platform?

Always review the platform's white paper, user documentation, terms and conditions, and community feedback to understand how it operates, its fees, and the risks involved.

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