The True Trade Review 2025
- Trade perpetual futures with leverage of up to 1001x
- No KYC requirements
- The platform offers a simple and advanced dashboard to cover all trading profiles
- A 10 USDT minimum deposit requirement keeps entry barriers low
The True Trade is a decentralized exchange (DEX) that specializes in perpetual futures markets. Built on the BNB Chain, the DEX supports over 50 cryptocurrencies with a maximum leverage of 1001x. Learn more about the derivative platform in our extensive True Trade review.
We tested the decentralized platform with a funded crypto wallet to explore its high-leverage ecosystem. Our research methods examined margin specifications, trading fees, platform security, and KYC requirements.
Read on to decide whether The True Trade is the best exchange to trade crypto derivatives in 2025, or if better alternatives exist.
The True Trade Review Overview
The True Trade offers perpetual futures markets on the BNB Chain, which lets you trade cryptocurrencies in a non-custodial ecosystem without KYC requirements. It supports over 50 derivative pairs, and with a maximum leverage of 1001x, you get significant market exposure with affordable account minimums.
Here are the main takeaways from our True Trade review:
- Users trade perpetual futures with massive leverage multipliers. Limits range from 50x to 1001x depending on the pair.
- The DEX structure offers an anonymous and non-custodial trading experience. Accounts are optional, as some traders connect a wallet directly to the platform.
- Traders can deposit various cryptocurrencies to cover margin requirements, yet The True Trade settles all positions in USDT.
- The simple dashboard targets beginners with limited derivative trading experience. Seasoned pros can use the advanced version, which offers high-level charting tools and market data.
- First-time customers get a 30% rebate on their initial setup deposit. You can use bonus funds to post margin on high-leverage positions.
Pros & Cons of The True Trade
Overall, The True Trade suits traders who seek perpetual futures markets with the highest leverage multipliers. While Hyperliquid limits leverage to 50x, The True Trade offers up to 1001x, which converts to a small margin requirement of about 0.1%.
Unlike traditional derivative platforms, The True Trade operates a non-custodial DEX framework. You can speculate on cryptocurrencies without revealing your identity or giving up control of your digital assets. While the DEX offers account-based trading, smart contracts prevent the platform from accessing client-owned funds.
There are several drawbacks, though, such as much lower liquidity than DEX rivals and no support for spot trading. The True Trade also lacks a native app, so smartphone traders rely on standard mobile browsers. As a decentralized initiative, users deposit cryptocurrencies only, so beginners cannot fund positions with traditional money.
Pros
- Go long and short on over 50 cryptocurrencies without relying on centralized exchanges
- Access huge leverage multipliers of 50x to 1001x
- The non-custodial model ensures traders retain ownership of their digital assets
- Trade perpetual futures without providing personal information or government-issued ID
- The demo trading dashboard offers full functionality with virtual USDT
- Users avoid funding rates on open derivative positions
Cons
- Trading volumes remain much smaller than on competitors like Aster and Hyperliquid
- Limited access to new cryptocurrencies with small market capitalizations
- The social trading feature launches later in the roadmap
- The DEX does not offer a native desktop or mobile application
- As a derivative-only exchange, users cannot buy and sell real cryptocurrencies
What is The True Trade?
The True Trade is a rapidly growing DEX that operates on the BNB Chain. Similar to Aster and Hyperliquid, the platform lets traders speculate on perpetual futures contracts in a non-custodial environment. You can deposit digital assets from a non-custodial wallet and place buy and sell orders with leverage of up to 1001x.
As the BNB Chain supports the trading ecosystem, The True Trade offers lightning-fast execution speeds and low fees.
Since its inception, the platform has processed over $33 billion in cumulative trading volume and averages $25 million daily. While these figures reflect a small percentage of the broader perpetuals market, The True Trade launched as recently as October 2025.
You can access over 50 futures markets, which include top cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Solana (SOL). All trading pairs contain Tether (USDT), as the exchange lacks fiat money support.
Our True Trade review confirms that traders avoid funding rates on derivative positions, which is a feature exclusive to the platform. This perk enables you to hold long-term trades without ongoing fees.
What Type of Exchange is The True Trade?
As one of the top decentralized exchanges, platform users avoid centralization risks. They trade leveraged derivatives without know-your-customer (KYC) requirements and never relinquish control of their assets. Smart contracts manage the ecosystem, and positions settle on-chain for enhanced transparency.
The True Trade is a derivative-only platform, so users speculate on price movements rather than purchase real assets.
Is The True Trade Exchange Safe?
The True Trade is one of the newest trading platforms in the market. We examined the exchange extensively to evaluate its safety rating.
Because The True Trade operates a non-custodial model, it holds no licenses or regulatory approval. Other DEXs use similar infrastructure, which enables them to bypass traditional KYC procedures. Although unregulated platforms lack strict oversight and consumer protections, they mitigate counterparty risks associated with centralized exchanges.
One example is how The True Trade handles client-owned assets. “Web3” mode lets users connect a non-custodial wallet directly to the platform, executing trades via smart contracts. Then, when you choose “Gasless” mode, you manually transfer funds into the exchange account. As smart contracts secure those funds, The True Trade cannot mishandle them.
The DEX offers two-factor authentication (2FA) as an additional security mechanism. The security feature links to the Google Authenticator app on iOS and Android. Thereafter, users enter a six-digit code whenever they access the platform.
Despite its non-custodial and secure framework, The True Trade doesn’t suit all trading profiles. Beginners who prefer fully regulated platforms with custodial services and fiat payment systems tend to opt for centralized platforms.
Supported Coins
The True Trade lists over 50 coins and tokens, and all markets resemble derivative products. The most traded markets include BTC, SOL, Ethereum (ETH), BNB (BNB), and Litecoin (LTC). Top meme coins feature DOGE, Pepe (PEPE), OFFICIAL TRUMP (TRUMP), and Shiba Inu (SHIB).
You can easily locate your preferred markets via the search bar. The True Trade also summarizes cryptocurrencies by the top gainers and losers, as well as market capitalization and price.
Although The True Trade lists new markets frequently, it offers a much smaller range of assets than other exchanges. In contrast, many perpetual futures platforms offer hundreds of markets.
You can post margin in any supported asset, although derivative contracts always settle in USDT.
The True Trade’s Key Features
The True Trade competes with a vast number of derivative trading platforms. This section discusses key ecosystem features that help the DEX stand out.
Up to 1001x Leverage
The perpetual futures DEX offers substantial leverage limits. When users trade BTC/USDT, they get a maximum multiplier of 1001x. A small $10 balance provides market exposure of up to $10,010, which reflects a low-risk, high-return model.
To reduce volatility risks, The True Trade offers lower leverage limits on altcoin markets. It caps ETH/USDT leverage at 200x, while SOL/USDT and BNB/USDT limit traders to 120x.
50x is the lowest limit available, which the platform sets on lower-cap markets.
Traders must remember that high leverage positions vastly increase liquidation risks. On a 1001x position, the provider liquidates derivative trades when they decline by just 0.1%.
No Funding Rates
Even the best crypto futures trading platforms charge funding rates, typically every eight hours. Depending on market conditions, long traders pay short traders, or vice versa. This fee structure prevents crypto traders from entering longer-term positions, as funding fees reduce the margin balance over time.
The True Trade eliminates funding fees entirely. You can continue to hold leveraged positions open indefinitely without incurring ongoing charges.
Demo Trading
The demo trading feature enables users to trade perpetual futures without risking real funds. It provides traders with virtual USDT, and price movements reflect real trading conditions.
Traders have access to the full platform functionality, including orders, real-time pricing charts, and indicators.
One drawback is that the demo platform limits users to 1,000 USDT daily, which refreshes the following day.
Deposit Rebate
First-time traders receive a 30% deposit rebate when they add USDT to the account. Participants use bonus funds as margin without pair or leverage limits.
Although users cannot withdraw the bonus principal, they can cash out trading profits to a private wallet.
Simple and Advanced Trading
The True Trade offers two trading modes: Simple and Advanced.
The simple version offers a more basic trading platform with clearer position tracking. The order form simplifies derivative trades with a larger dashboard and straightforward “Long” and “Short” buttons. Beginners set position sizes in percentage terms or fixed margin.
The advanced platform expands trading capabilities, including a wide range of drawing tools and technical indicators. Chart timeframes range from one minute to 24 hours, and data metrics show daily highs and lows, long/short amounts, and deep order books.
Both platform types support stop-loss and take-profit orders to help traders mitigate liquidation risk.
The DEX plans a social trading platform that lets users copy the top-performing derivative traders. The feature unlocks a passive trading experience, where beginners mimic seasoned pros in real-time.
The True Trade Fees: Are They Competitive?
Our True Trade review confirms that the DEX uses a flat fee structure. It charges a 0.04% commission on entry and exit orders based on the total notional value. Traders receive no commission discounts when they place limit orders or trade large 30-day volumes.
Market taker fees are slightly more competitive than Binance and Bybit, which charge 0.05% and 0.055%, respectively. However, as both platforms offer 0.02% commissions to makers, they reduce fees by 50%.
Where The True Trade stands out is its no-funding-rate policy. Traders keep futures positions open indefinitely without eight-hour funding cycles. This dynamic makes The True Trade one of the lowest-fee crypto exchanges for long-term trading strategies.
In terms of deposits and withdrawals, users cover standard network fees only. As a non-custodial exchange, The True Trade generates income from trading commissions only.
Is The True Trade User-Friendly?
High-leverage derivative products suit experienced traders who understand liquidation risks. Yet, our research shows that The True Trade simplifies the derivative trading process for beginners.
On the platform’s simple dashboard, users enter their trading requirements via a basic form. They select the market direction and margin amount based on their account balance, and set risk management triggers in percentage terms. The dashboard then displays the exact liquidation price, per the provided parameters.
Account funding is relatively straightforward, too. Users can deposit cryptocurrencies similarly to a centralized exchange, where the system generates a unique wallet address. They complete the transfer from a private wallet, and funds arrive within minutes. Note that The True Trade does not hold client-owned funds, as the DEX relies on transparent smart contracts.
The other option is to connect a non-custodial wallet and post margin directly from its balance. This method incurs network fees on each trading position, although since the DEX runs on BNB Chain, charges rarely exceed a few cents.
One of the key downsides is the lack of native mobile apps. The True Trade functions as a browser-based platform only, so trading on the move offers a subpar experience.
How to Get Started With The True Trade
Ready to trade perpetual futures in a decentralized environment? The following step-by-step guide explains how to join The True Trade in minutes. Learn how to deposit and post margin, set up orders, and trade with risk management best practices.
Step 1: Get a Non-Custodial Wallet
DEX traders need non-custodial wallets to manage their crypto positions. The True Trade supports hundreds of wallet providers, including Exodus, Trust Wallet, and MetaMask.
In our view, Best Wallet is one of the best non-custodial wallets for beginners. The free mobile app offers a user-friendly experience with excellent security and full asset control. It supports dozens of networks, including BNB Chain.
Head to the Best Wallet website, download the app, and enter an email address.
Secure the wallet before you connect it to The True Trade. Choose a PIN and activate biometrics and two-factor authentication.
We also recommend using Best Wallet’s cloud backup feature. It ensures users recover their funds if they lose access to the app. The encrypted framework uploads backup credentials to Google Drive or iCloud.
Visit Best WalletStep 2: Deposit or Buy Crypto for Margin
You need to add cryptocurrencies to the Best Wallet app for derivative margin.
If you need to buy digital assets, use the built-in fiat gateway. It supports Visa, MasterCard, PayPal, Google/Apple Pay, and other convenient methods at competitive fees.
USDT on the BEP-20 standard is the best crypto to buy for The True Trade, as the DEX runs on the BNB Chain standard. The stablecoin also simplifies profit and loss calculations because you avoid volatility risks.
Best Wallet users who already hold cryptocurrencies elsewhere can transfer assets to the app. Tap the “Home” tab, followed by the preferred crypto, and send funds to the provided blockchain address.
Step 3: Register With The True Trade
Visit The True Trade website to register an account.
The DEX also supports direct wallet connections without account requirements, yet traders must pay network fees whenever they enter positions. Account holders make a one-time deposit and speculate on perpetual futures without paying BNB Chain gas.
The True Trade requires an email address and a password only. Ensure you choose a strong password to mitigate cybersecurity risks. Click the email verification link to confirm the account and follow security best practices, such as enabling 2FA.
Visit The True TradeStep 4: Transfer Crypto to The True Trade
Tap the “Deposit” button on The True Trade dashboard and select the preferred deposit asset and network. The platform displays a unique deposit address and a corresponding QR code.
Open the Best Wallet app and select the camera icon, located in the top-right side of the “Home” interface.
Scan the QR code that The True Trade displays, and input the transfer value. Note that 10 USDT (or the currency equivalent) is the minimum deposit requirement.
Confirm the wallet transfer and wait a few minutes for the funds to arrive in the DEX account.
Step 5: Set up and Place a Perpetual Futures Trade
Choose between the simple (recommended for beginners) or advanced dashboard, and select a digital asset pair to trade.
Located to the right of the pricing chart, select the “Long” or “Short” button, depending on whether you believe the asset price rises or falls.
Tap the pencil icon to select the required leveraged multiplier.
In the “Margin” box, input the amount of cryptocurrencies to risk on the position. The margin reflects the maximum loss potential, and alongside the chosen leverage, determines the total trade value. Entering a $10 margin at 100x, for instance, offers $1,000 in market exposure with a maximum downside of just $10.
We also suggest setting stop-loss and take-profit orders to mitigate liquidation risk. Enter the exact exit prices or set them as a percentage of the position size.
Finally, review the order parameters and confirm to place the trade.
Regardless of the margin currency, The True Trade settles perpetual futures positions in USDT. It adds USDT to the account balance, or if you trade through a connected wallet, automatically transfers the stablecoin to the non-custodial balance.
Our Methodology: How We Tested and Reviewed The True Trade
The True Trade offers similar trading products to other derivative DEXs like Aster, PancakeSwap, and Hyperliquid, so we opened an account and placed real-money trades to compare the platform experience.
Our initial research process evaluated accepted deposit assets, account minimums, and supported perpetual futures markets. We also analyzed the commission fee structure, average spreads, available liquidity, and minimum margin requirements.
Regarding security, we verified the platform’s BNB Chain smart contract and assessed supported safety controls, and whether they prevent potential vulnerabilities.
Our True Trade review helps readers make an informed decision before they join the DEX. We update our findings regularly to reflect platform developments such as new markets or trading features.
The True Trade Review Conclusion: Who Is It Best For?
The True Trade decentralizes crypto derivative trading, which enables traders to avoid counterparty risk and KYC verification. The BNB Chain DEX offers huge leverage multipliers of up to 1001x, although it limits smaller-cap markets to 50x.
Suitable for beginners and seasoned traders, The True Trade provides a safe trading experience with competitive fees. Start with the free demo platform before you risk funds, and always set stop losses to reduce risk.
Visit The True TradeFAQs
Is The True Trade exchange legit?
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Does The True Trade require KYC?
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Is The True Trade good for beginners?
References
- Terms of Use (The True Trade)
- Platform Specifications (The True Trade)
- What are Perpetual Futures? (Coinbase)
- Exploring crypto derivatives (Ernst & Young)
- Crypto’s $19 Billion Wipeout Shows Risks of Centralization (Bloomberg)
- You could be leaving your crypto wallet open to hackers—here’s how to protect it (CNBC)
