✓Hyperliquid is our top-ranked Derive alternative (8.8/10).Lighter is our top-ranked Derive alternative (7.5/10).edgeX is our top-ranked Derive alternative (7.2/10).dYdX is our top-ranked Derive alternative (6.9/10).GMX is our top-ranked Derive alternative (6.8/10).Aster is our top-ranked Derive alternative (6.6/10).Extended is our top-ranked Derive alternative (6.6/10).Aevo is our top-ranked Derive alternative (6.3/10).Paradex is our top-ranked Derive alternative (6.2/10).Nado is our top-ranked Derive alternative (6.1/10).Pacifica is our top-ranked Derive alternative (6/10).BullX is our top-ranked Derive alternative (5.9/10).GRVT is our top-ranked Derive alternative (5.9/10).GMTrade is our top-ranked Derive alternative (4.8/10).Ostium is our top-ranked Derive alternative (4.7/10).Vest Markets is our top-ranked Derive alternative (4.7/10).Helix is our top-ranked Derive 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.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).
Derive takes only crypto for deposits, so moving money in from a bank card or transfer is not an option: you need coins already on hand. It is a decentralized exchange, which means self-custody and the extra care that brings rather than a hand-holding, account-based setup. There is no spot or futures trading on stocks here, no copy trading to follow other traders automatically, and no trading bots for running a strategy unattended. Leverage is capped at 15x, which can feel tight if you want to push a position harder. A trader who wants any of these may look elsewhere.
What a replacement for Derive should offer
Spot trading on Derive runs at 0% maker and 0% taker, so trades cost nothing in fees, which is hard to beat and worth checking a replacement against. Futures are cheap too: 0.01% maker and 0.03% taker. You get futures on 15 coins across 1,074 contracts, plus options on 12 coins, which is a broad derivatives spread for one venue. Identity checks are optional, so you can start trading without handing over documents. There is also staking and lending to earn on idle coins, a demo mode to practice first, and loans against your holdings.
How to move from Derive to another exchange
Funds leave Derive as crypto withdrawals, the only route out, so you will send coins to an outside wallet rather than cash to a bank. Since identity checks are optional, you can withdraw without clearing verification first, which keeps a large transfer simple. Because this is a self-custody exchange, release anything tied up before you move out: close open futures or options positions, unwind staking, and settle any loans so the collateral frees up. Send a small test transfer on the right network before the full amount.
How we pick
Venues from the same exchange class as Derive (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 Derive alternatives comparison, scoring 8.8/10 on live fee, security and feature data.Lighter leads our Derive alternatives comparison, scoring 7.5/10 on live fee, security and feature data.edgeX leads our Derive alternatives comparison, scoring 7.2/10 on live fee, security and feature data.dYdX leads our Derive alternatives comparison, scoring 6.9/10 on live fee, security and feature data.GMX leads our Derive alternatives comparison, scoring 6.8/10 on live fee, security and feature data.Aster leads our Derive alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Extended leads our Derive alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Aevo leads our Derive alternatives comparison, scoring 6.3/10 on live fee, security and feature data.Paradex leads our Derive alternatives comparison, scoring 6.2/10 on live fee, security and feature data.Nado leads our Derive alternatives comparison, scoring 6.1/10 on live fee, security and feature data.Pacifica leads our Derive alternatives comparison, scoring 6/10 on live fee, security and feature data.BullX leads our Derive alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GRVT leads our Derive alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GMTrade leads our Derive alternatives comparison, scoring 4.8/10 on live fee, security and feature data.Ostium leads our Derive alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Vest Markets leads our Derive alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Helix leads our Derive 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. 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 Derive (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.
