✓Hyperliquid is our top-ranked Velocity alternative (8.8/10).Lighter is our top-ranked Velocity alternative (7.5/10).edgeX is our top-ranked Velocity alternative (7.2/10).Derive is our top-ranked Velocity alternative (7.1/10).dYdX is our top-ranked Velocity alternative (6.9/10).GMX is our top-ranked Velocity alternative (6.8/10).Aster is our top-ranked Velocity alternative (6.6/10).Extended is our top-ranked Velocity alternative (6.6/10).Aevo is our top-ranked Velocity alternative (6.3/10).Paradex is our top-ranked Velocity alternative (6.2/10).Nado is our top-ranked Velocity alternative (6.1/10).Pacifica is our top-ranked Velocity alternative (6/10).BullX is our top-ranked Velocity alternative (5.9/10).GRVT is our top-ranked Velocity alternative (5.9/10).GMTrade is our top-ranked Velocity alternative (4.8/10).Ostium is our top-ranked Velocity alternative (4.7/10).Vest Markets is our top-ranked Velocity alternative (4.7/10).Helix is our top-ranked Velocity alternative (4.3/10).
✓Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
✓Hyperliquid lets you start trading without full identity verification.Lighter lets you start trading without full identity verification.edgeX lets you start trading without full identity verification.Derive lets you start trading without full identity verification.dYdX lets you start trading without full identity verification.GMX lets you start trading without full identity verification.Aster lets you start trading without full identity verification.Extended lets you start trading without full identity verification.Aevo lets you start trading without full identity verification.Paradex lets you start trading without full identity verification.GRVT lets you start trading without full identity verification.Ostium lets you start trading without full identity verification.Helix lets you start trading without full identity verification.None of the alternatives open to you trades without identity verification (KYC).
Velocity is a decentralized exchange built around crypto only, so funding an account means sending crypto: there are no card or bank deposits, and a trader who wants to buy with a card or local currency has nowhere to start. It runs no spot market, which leaves anyone wanting to simply buy and hold a coin without a venue here. Leverage tops out at 20x, so a trader looking for more room on a position will feel the ceiling. There is no copy trading, no demo mode to practise in, no trading bots, and no debit card to spend a balance.
What a replacement for Velocity should offer
Velocity keeps identity checks optional, so you can trade without handing over documents, and a replacement that forces full verification will feel like a step back. It gives a maker on futures a rebate at -0.0025%, with the taker side at 0.06%, which is worth lining up against any alternative that charges makers to post orders. Futures trading with leverage up to 20x is the core product. It also offers staking to put idle coins to work, plus lending and loans, so you can borrow against holdings or earn on them. A crypto-native, non-custodial setup is part of the appeal too.
How to move from Velocity to another exchange
Funds leave Velocity as crypto withdrawals, since that is the only route out, so you will need a wallet or account ready to receive on the right network. Because identity checks are optional, a large transfer should run into fewer verification walls, though confirm whether any withdrawal limit applies before moving a big balance. Close any open futures positions first so that margin is freed, and unwind staking and any outstanding loans, since those tie up coins that cannot move until released. Send a small test amount first.
How we pick
Venues from the same exchange class as Velocity (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
Questions
Frequently asked
Hyperliquid leads our Velocity alternatives comparison, scoring 8.8/10 on live fee, security and feature data.Lighter leads our Velocity alternatives comparison, scoring 7.5/10 on live fee, security and feature data.edgeX leads our Velocity alternatives comparison, scoring 7.2/10 on live fee, security and feature data.Derive leads our Velocity alternatives comparison, scoring 7.1/10 on live fee, security and feature data.dYdX leads our Velocity alternatives comparison, scoring 6.9/10 on live fee, security and feature data.GMX leads our Velocity alternatives comparison, scoring 6.8/10 on live fee, security and feature data.Aster leads our Velocity alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Extended leads our Velocity alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Aevo leads our Velocity alternatives comparison, scoring 6.3/10 on live fee, security and feature data.Paradex leads our Velocity alternatives comparison, scoring 6.2/10 on live fee, security and feature data.Nado leads our Velocity alternatives comparison, scoring 6.1/10 on live fee, security and feature data.Pacifica leads our Velocity alternatives comparison, scoring 6/10 on live fee, security and feature data.BullX leads our Velocity alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GRVT leads our Velocity alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GMTrade leads our Velocity alternatives comparison, scoring 4.8/10 on live fee, security and feature data.Ostium leads our Velocity alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Vest Markets leads our Velocity alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Helix leads our Velocity alternatives comparison, scoring 4.3/10 on live fee, security and feature data.
Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
Yes. Hyperliquid allows trading without completing full KYC verification.Yes. Lighter allows trading without completing full KYC verification.Yes. edgeX allows trading without completing full KYC verification.Yes. Derive allows trading without completing full KYC verification.Yes. dYdX allows trading without completing full KYC verification.Yes. GMX allows trading without completing full KYC verification.Yes. Aster allows trading without completing full KYC verification.Yes. Extended allows trading without completing full KYC verification.Yes. Aevo allows trading without completing full KYC verification.Yes. Paradex allows trading without completing full KYC verification.Yes. GRVT allows trading without completing full KYC verification.Yes. Ostium allows trading without completing full KYC verification.Yes. Helix allows trading without completing full KYC verification.No. None of the alternatives open to you trades without identity verification.
Venues from the same exchange class as Velocity (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
