dYdX doesn't allow US customer to trade?

[greentech2]

I log in dYdX and connect MetaMask wallet.  But the website shows that it doesn't allow US customers.  I can trade at UniSwap.  What is the difference between dYdX and UniSwap?

[Maus0728]

Yep, that's what they say according to their Terms of Use.

you are not a resident, national, or agent of Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Burma (Myanmar), Cote D'Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba. Democratic Republic of Congo, Ecuador, Iran, Iraq, Liberia, Libya, Magnitsky, Mali, Morocco, Nepal. North Korea, Somalia, Sudan, Syria, Venezuela, Yemen, Zimbabwe or any other country to which the United States, the United Kingdom or the European Union embargoes goods or imposes similar sanctions (collectively. "Restricted Territories");

Although Uniswap and dYdX are both decentralized exchange, dYdX uses a traditional order as oppose to Uniswap. This means that dYdX can offer less slippage to traders which can improve their trading experience. And unlike Uniswap, dYdX offers an advanced trading feature such as Perpetual Trading and Margin trading which is commonly seen on a centralized exchange like Binance.

[JeromeTash]

Since they are not implementing KYC when not, just subscribe for a good VPN service and use the exchange seamlessly. Of course, you might have to be consistent with your IP addresses or even use residential IP addresses to avoid raising any red flags by the exchange.

They do have a part where they prohibit usage of VPN in their terms and conditions, but without KYC verification. I think that won't be a problem.

[BitMaxz]

They do have a part where they prohibit usage of VPN in their terms and conditions, but without KYC verification. I think that won't be a problem.

Be careful on using them with VPN it's prohibited according to their terms.

You can read this local restriction against US users and other countries.

- https://help.dydx.exchange/en/articles/4798063-location-restrictions

Does it seem more countries are not allowed to use their service?

[mk4]

Be careful on using them with VPN it's prohibited according to their terms.

Shouldn't really matter though, right? The warning is just for regulatory compliance reasons. It's not like they can lock up OP's funds because as far as I know dYdX is totally non-custodial, being an Ethereum layer-2 platform.

[JeromeTash]

They do have a part where they prohibit usage of VPN in their terms and conditions, but without KYC verification. I think that won't be a problem.

Be careful on using them with VPN it's prohibited according to their terms.

You can read this local restriction against US users and other countries.

- https://help.dydx.exchange/en/articles/4798063-location-restrictions

Does it seem more countries are not allowed to use their service?

Yeah, I checked out the restrictions but without KYC implementations as of now, there is nothing they can do if you use a very good paid VPN service. In other words, They won't lock up your funds and ask for KYC verifications like most centralized exchanges such as HitBTC do.