Home  >  Crypto Exchanges  >  Fairdesk

Fairdesk

Fairdesk

18

Coins 

0.02% / 0.04%

Trading Fee 

Singapore

HQ

Updated Apr 18, 2024  |  Affiliate Disclosure

  • Review

  • Details

  • Alternatives

Highlights

  • Fairdesk offers 180+ crypto futures, up to 125x leverage, and copy trading features.
  • US and Canadian customers can also sign up, since there are no KYC requirements. It’s available to everyone and you can sign up here to get started.
  • For this post, we compared Fairdesk against dozens of exchanges to see how it stacks up. Keep reading for our in-depth review.

What Is Fairdesk?

Fairdesk is a centralized crypto exchange geared to derivatives and copy trading. They were founded in 2021 by former Binance employees and xoftware architects from Morgan Stanley. The exchange is based in Singapore but has optional KYC, making it available to anyone worldwide.

Traders can enjoy 180+ perpetual contacts, up to 125x leverage, copy trading, and more. CoinMarketCap and ConGecko data show they have billions in trading volume for derivatives.

Where Is Fairdesk Available?

While Fairdesk doesn’t have an official list of countries, their Terms of Service don’t mention any prohibited regions either. The Singaporean exchange currently onboards users from everywhere, including the United States, Canada, and more.

What's The KYC Policy?

Fairdesk KYC

Currently, Fairdesk is an optional KYC crypto platform. The daily withdrawal limit is 80,000 USD for unverified accounts. You can see this info yourself in your account profile and also visit their AML/KYC policy page here.

You also don't need a VPN to use the platform however, one is recommended if you want to be extra safe.

Key Features & Benefits

Fairdesk Trading View
  • Crypto Futures: Fairdesk offers USDT-margined perpetual contracts with up to 125x leverage. You can go long or short on over 180+ coins with low fees and good volume. The site says they can handle 450,000 orders per second with 1 millisecond execution.
  • Copy Trading: You can start copying successful traders based on different filters like win rate, PNL, and other metrics.
  • Low Fees: Fairdesk has a 0.02% maker fee and 0.04% taker fee which is competitive with other exchanges we compared.
  • Fiat Gateway: Buy crypto using 20+ fiat currencies like USD, EUR, CAD and AUD from third-party providers like Paybis and Mercuryo. Keep in mind, these are subject to higher fees.
  • Good UX: Fairdesk has a pretty smooth UX on desktop and mobile with all your charting tools, advanced order types, and a clear interface.
  • Demo Account: Users can click on “Simulated Trading” to try Fairdesk first or to practice their trades without risking real money.
  • Other Features: They also offer 24/7 customer support, spot trading for 18 coins, and interest accounts with up 18% APY.

Fairdesk Fees

From our analysis, Fairdesk’s fees are competitive compared to other leading exchanges:

  • Spot Trading: 0.1% / 0.1%
  • Futures Trading: 0.02% / 0.04%
  • Copy Trading: 0.02% / 0.06%
  • Crypto Withdrawal Fees: Varies ($0.80 to $60)

Some of the crypto withdrawal fees are $0.80 while other coins are as high as $60. To save a few bucks, check the coin fees before withdrawing. For instance, USDT is only $0.80 when withdrawing using Binance Smart Chain.

Is Fairdesk Safe?

Bottom line, Fairdesk is considered secure and we didn't find any red flags. However, we don’t recommend holding all your funds on any exchange, even if it's the safest crypto exchange in the world.

In our research, Fairdesk has a Proof of Reserves that claims all funds are backed at least 1:1. They also use cold storage and maintain a clean reputation. There havew never been any reports of hacks, incidents, or loss of funds.

The team consists of former Binance and Morgan Stanley executives. Then, CoinGecko only gives Fairdesk a 5/10 trust score, while most blogs and reviews say Fairdesk is trustworthy.

Is Fairdesk Worth It?

Bottom Line: We think Fairdesk is one of the best derivatives exchanges if you want a platform with no KYC and no VPN. Anyone can sign up and trade 180+ perpetual contracts with low fees and a good UX. You can sign up here.

Reasons you shouldn’t use Fairdesk are if you want good spot trading or a fiat on and off-ramp.

If you don't mind a KYC platform, then you should see our list of best CEXs. The big players simply offer more of everything, like more coins, more features, more trading volume, and so on.

Pros & Cons

  • No KYC or VPN: Users from anywhere can quickly sign up, including US and Canada
  • Derivatives: Has a good UX with up to 125x leverage and low fees
  • Copy Trading: A popular feature among users
  • Competitive Fees: Only 0.02%/0.04% maker and taker fees and they have high trading volume
  • Limited Spot Trading: Only 18 coins supported
  • No Fiat Trading Pairs: It's best to deposit USDT.
  • Fiat Gateway: Only expensive, third-party, fiat gateways are supported. It’s best to deposit USDT when using Fairdesk. 
  • Beginner Friendly: Not as easy to use as Kraken, for example

Fairdesk Alternatives

We've compared dozens of crypto exchanges so you can find the best one. If Fairdesk isn't for you, check out the platforms below or visit our best non KYC exchanges or list of crypto futures exchanges.

OKX

OKX is a fast-growing exchange with a a sleek user-interface and low fees.

  • 400+ coins, 180+ futures
  • High volume + low fees
  • 100x leverage
  • Fewer altcoins
  • Unavailable in some areas
Binance

The world's largest exchange by trading volume with low fees and tons of features.

  • 400+ coins, 300+ futures
  • Highest volume + low fees
  • 125x leverage
  • Unavailable in some areas
  • Less beginner-friendly
BYDFi

BYDFi is one of the top no KYC, no VPN exchanges where anyone can sign up and trade.

  • 500 coins, 180+ futures
  • No KYC, No VPN
  • 200x leverage
  • No fiat trading pairs
  • Not beginner-friendly


60+ Tools for Web3

Grab our ultimate list of tools covering Airdrops, DeFi, Bitcoin, and everything in-between!