# Perp DEX Account Requirements, Venue by Venue

The Perp Reference maintainers · Updated: 24 September 2026 · Readings taken 20 September 2026 · Venue documents read 18 September 2026

## Abstract

Perp dex account requirements are documented by four of the six venues here, and the register runs
in the order the site formula gives, with Aster and Extended level at the top. What each venue asks
for is a column of its own, taken from the terms rather than a help page.

Weights: Order-book liquidity 30 · Market coverage 20 · Trading cost 18 · Security record 14 · Custody and settlement 12 · Access 6. One formula scores every entry, fixed on 22 September 2026 and never adjusted: https://thekiddushclubnft.com/scoring-method

## Six venues by the site formula, and what each one's documents ask for

The sequence is the site formula, fixed on 22 September 2026 before an entry was written, and it is the only order this register carries. What a venue puts in writing about the check at its door is a column of its own, and silence in it is not a promise. Margin is the whole of what a perpetual can cost, and the multiple decides how little it takes.

| No. | Venue | What the documents ask for | Score of 7 | Maker / taker | Perpetual markets | Model |
|---|---|---|---|---|---|---|
| 1= | Aster | Terms allow limited identity verification procedures | 5.5 | 0% / 0.040% | 578 | Own layer 1, operator-run |
| 1= | Extended | Terms reserve the right to deny access after a KYT risk assessment | 5.5 | 0% / 0.025% | 325 | Hybrid |
| 3 | Hyperliquid | None in the onboarding documentation | 5.0 | 0.015% / 0.045% | 324 | On-chain order book |
| 4= | ApeX Omni | Docs state no KYC and no forms | 4.7 | 0.020% / 0.050% | 125 | Hybrid |
| 4= | EVEDEX | None to trade; on-chain AML screening on deposits | 4.7 | 0.015% / 0.045% | 52 | Hybrid |
| 6 | Paradex | None in the account documentation | 4.4 | 0% / 0% | 63 | Hybrid, Starknet appchain |

Facts as of 18 September 2026; fees are the entry tier on the BTC perpetual and market counts are each venue's own. Access differs by country: the terms binding on you are the ones to read before a deposit.

## What the table shows

1. Named, not reserved: EVEDEX's help article is the only text here that names the mechanism behind the check — automated on-chain AML screening.
2. Silence is the common case: Hyperliquid and Paradex say nothing at all about screening in the documents read on 18 September 2026.
3. Documentation is not merit: the venue whose documents describe a check most fully stands 4 of 6 on the formula.

## 1=. Aster — a verification right reserved in the terms

5.5 of 7 · BTC 200x to 400 USDT · Wallet signature or email

Aster opens an account on a wallet signature or an email code, and its getting-started pages
describe nothing beyond approving the connection. The requirement sits in the terms and conditions,
which allow limited identity verification procedures to comply with applicable regulations and
allow the service to be limited without them
([Aster terms and conditions](https://docs.asterdex.com/resources/terms-and-conditions.md), checked 18 September 2026). That is a reserved
power, not a described process: the document says nothing about what would trigger it.

- In favour: The reserved power is in the terms, not left to practice; 578 perpetual markets, and an Immunefi bounty up to $200,000.
- Noted against: No trigger, no scope and no appeal are described for it; A high-leverage mode was withdrawn on 21 August 2026, and open positions in it were closed.
- Not for: anyone who needs to know what would trigger a review.

## 1=. Extended — a risk assessment reserved at any time

5.5 of 7 · BTC 50x to $4 million · Wallet signature, EVM or Starknet

Extended registers an account with two wallet signatures and asks for no document. Its terms of use
reserve the right to deny access where a Know Your Transaction risk assessment finds an engagement
riskier than the company's tolerance ([Extended terms of use](https://docs.extended.exchange/extended-resources/legal/terms-of-use), checked 18 September 2026). Written
that way the check is about the money rather than the person, and it is available at any point, not
only at registration. Of its active markets, 278 are request-for-quote with no public book.

- In favour: The reserved refusal is tied to the transaction, not the identity; One flat schedule, 0% maker / 0.025% taker, with no volume ladder.
- Noted against: 278 of 325 active markets show an indicative book only; A Know Your Transaction assessment can deny access at any point, with no grounds published.
- Not for: a trader who wants the grounds for refusal set out first.

## 3. Hyperliquid — the largest open interest here, and a silent onboarding page

5.0 of 7 · BTC 40x to $150 million · Wallet signature or email code

Hyperliquid holds more open interest than anything else here — $8.7 billion on
22 September 2026, its own figure as published by CoinMarketCap — and the whole of account creation in
its onboarding page is connecting a wallet and signing a gas-less transaction, or logging in with
an email address ([Hyperliquid onboarding docs](https://hyperliquid.gitbook.io/hyperliquid-docs/onboarding/how-to-start-trading.md), checked 18 September 2026). Nothing in the
pages we read on 18 September 2026 says what may be checked, and the terms state that no
regulator stands behind the interface or the chain.

- In favour: Onboarding is documented step by step, even though screening is not; The terms say plainly that no regulator stands behind it.
- Noted against: The onboarding documentation never says what may be checked, or when; Both published audits cover the deposit bridge, not the chain that runs the book.
- Not for: anyone who needs a written rule, not an absence of one.

## 4=. ApeX Omni — a plain statement that nothing is asked

4.7 of 7 · BTC 100x to $100,000 · Wallet, or email with a Privy wallet

ApeX Omni states the position instead of reserving one: its documentation describes equity exposure
traded with no identity check, no fiat conversion and no brokerage account behind it
([ApeX Omni documentation](https://apex-pro.gitbook.io/apex-pro/apex-omni/spot-swap/spot-stocks), checked 18 September 2026). Sign-in is a wallet, or an email address
with a wallet created for it. A statement about what is not asked is weaker evidence than a
described mechanism and stronger than silence, which puts it in the middle of the three groups.

- In favour: The documentation states the position plainly rather than omitting it; A forced exit to layer 1 through the zkLink contracts is documented.
- Noted against: The published audits cover zkLink from 2023, not the trading system; An ordinary withdrawal takes up to four hours unless a fee buys speed.
- Not for: a reader who treats a documentation page as a contractual undertaking.

## 4=. EVEDEX — the only documents here that name a vendor for AML

4.7 of 7 · BTC 200x to $50,000 · Wallet signature

EVEDEX is the single entry here whose own help article describes the mechanism instead of reserving
a right to run one: traditional identity systems are not operated, and deposits pass automated
on-chain AML screening (EVEDEX Help Center, AML and Compliance
Standards, read 18 September 2026). Sign-in is a wallet signature and the documented minimum
deposit is 6 USDT. Naming the vendor is unusual here, and it earns nothing in the sequence: none
of the six criteria that order this register reads a help article at all.

- In favour: The check and its vendor are named, not merely reserved; A wallet signature is the whole sign-in, and no document is asked for.
- Noted against: The rule sits in a help article, not in the binding terms; Not intended for UK retail clients, nor for sanctioned persons.
- Not for: a reader who wants the rule inside the terms.

## 6. Paradex — an account derived from an address, no check described

4.4 of 7 · BTC 50x, 300 BTC limit · Wallet signature; account derived from the address

A Paradex account is derived deterministically from the wallet address, so there is no registration
step to attach a requirement to, and the account documentation describes no check
([Paradex account docs](https://docs.paradex.trade/docs/accounts/wallet-overview.md), checked 18 September 2026). Only the restricted-persons page gates anyone,
and it gates by territory. What the documents do describe is what the operator holds afterwards: a
book kept off-chain and visible to its operators, and a haircut on every withdrawal if the
insurance fund runs out. Its BTC book was the thinnest of the six here, a median $32,811
within 10 basis points.

- In favour: No registration step at all: the account follows from the address; A Sherlock bounty worth up to 500,000 USDC for a critical report.
- Noted against: The book is held off-chain and is visible to the operator; A maintenance fault forced a chain rollback on 19 January 2026, refunding $650,000.
- Not for: an order of any size, on the book as it was read.

## Where perp dex account requirements are written down

Three kinds of sentence turned up in the documents we read on 18 September 2026. The first names
a mechanism: EVEDEX's help article states that traditional identity systems are not operated and
that deposits pass automated on-chain AML screening. The second
reserves a right without describing one — Aster may implement limited identity verification,
Extended may refuse access after a transaction risk assessment. The third says nothing at all,
which is where Hyperliquid and Paradex sit.

Silence is the part a reader gets wrong: a page that mentions no check has not been written, which
is not a promise that no check exists. Nothing here describes a way to trade unobserved or a
route around a restriction.

## What the terms allow after the first trade

The question a sign-up page answers is narrow, and it is not the question most readers are asking.
Extended's refusal after a risk assessment is a standing right rather than a step at registration,
and ApeX Omni puts an ordinary withdrawal at up to four hours unless a fee buys speed. The Paradex
account page describes nothing beyond the wallet the account is derived from
([Paradex docs](https://docs.paradex.trade/docs/accounts/wallet-overview.md), checked 18 September 2026). So the documents column describes one moment: a venue that writes a
check into its door may leave everything after it unwritten.

## Quotations

> "EVEDEX does not operate traditional KYC systems. Instead, we rely on: Automated AML screening via on-chain behavior analysis" — EVEDEX Help Center, AML and Compliance Standards, 18 September 2026.
> "We reserve the right, at our sole discretion, to deny access to the Services if a Know Your Transaction (KYT) risk assessment indicates that an engagement poses a risk beyond our company's risk tolerance or violates our internal policies and procedures." — Extended terms of use, 18 September 2026. https://docs.extended.exchange/extended-resources/legal/terms-of-use
> "We may implement limited identity verification procedures to comply with applicable regulations." — Aster terms and conditions, 18 September 2026. https://docs.asterdex.com/resources/terms-and-conditions.md
## FAQ

### Do perp dexes require KYC?

None of the six venues here asked for an identity document in the pages we read on
18 September 2026. Three say something anyway: Aster's terms allow limited identity verification,
Extended's allow refusal after a risk assessment, and EVEDEX screens deposits on-chain instead.

### Do you need an account to trade on a perp dex?

You need something that behaves like one. A wallet signature opens the account at EVEDEX, Aster and
Extended; Paradex derives one from the wallet address itself. ApeX Omni, Hyperliquid and Aster will
also create a wallet from an email address and a code.

### What documents does a crypto perp exchange ask for?

In the documentation we read, none of them asks for a passport or a proof of address to place a
trade. What they reserve is a right to ask later, and what they read first is the deposit, not the
person.

### Can a perp dex freeze my funds?

Some terms say so in writing. Extended's allow access to be refused at any point after a risk
assessment, and Aster's reserve the right to add identity checks and to limit the service until
they are satisfied. A wallet-held balance is not outside the terms attached to the venue.

### Does connecting a wallet count as opening an account?

For these venues it does. The signature registers a trading account on the venue's own ledger, with
a balance, a margin pool and a withdrawal route the operator controls. Holding your own keys does
not make the terms attached to it any lighter.

### Why would a perp dex ask for ID later?

Because the right is reserved rather than exercised. Aster's terms and conditions allow limited
identity verification procedures to comply with applicable regulations, and allow the service to be
limited without them. A venue asking nothing at sign-up has promised nothing about later.

### Which perp dex asks for the least?

By what is written down, Hyperliquid and Paradex ask least: their onboarding pages describe a
wallet signature and nothing else at all. That is an absence of documentation rather than a
guarantee, and both of them shut whole countries out in their own terms.

### Is there a minimum deposit on a perp dex?

Sometimes, and it is small. EVEDEX documents a minimum deposit of 6 USDT before a deposit is
credited and screened. The larger constraint sits elsewhere: Paradex accepts only USDC as
collateral, and ApeX Omni charges for a withdrawal that does not wait four hours.

### Can I use a VPN if my country is on the restricted list?

The terms say no. Extended's restricted-countries page forbids circumvention, and Aster and ApeX
Omni carry the same prohibition. Access depends on the terms that apply where you live, and
breaking them risks the account and its balance, not only the trade.

### Are the terms or the help pages the binding document?

The terms are. A help article explains practice and can be rewritten without notice; the terms of
use are what a venue undertakes and what it reserves. Each entry here says which document a
sentence came from and the day we read it.

### Does EVEDEX ask for KYC documents?

No identity document in the pages we read. The EVEDEX help article states that traditional KYC
systems are not operated and that deposits pass automated on-chain AML screening. A wallet signature opens the account, the documented minimum deposit is 6 USDT, and
the terms exclude UK retail clients and sanctioned persons.

### What does on-chain AML screening actually check?

The deposit, not the depositor. The EVEDEX help article describes automated analysis of the funds
arriving at an address,, in place of a traditional identity file.
Nothing in the other five entries' documents describes an equivalent step, which is an absence of
writing rather than a promise.

## The making of this entry

Six venues, read on 18 September 2026 from their own terms of use, help pages and onboarding
documentation and from nothing else: no account was opened and no order was placed, so every line in
the documents column quotes a document rather than reporting an experience. The entries run in the
order the six criteria fixed on 22 September 2026 produce ([how we rate](/scoring-method)); what a venue has
written down sits beside that order, not in place of it. The depth figure above is measured, read
on a ten-minute clock across the two days to 20 September 2026.

Read, not tested: custody, screening and the security record are a venue's account of itself. Fees
are the entry tier, before volume tiers or rebates. Depth was measured on one instrument, the BTC
perpetual, in one series of readings; one book answered fewer times than the rest. Not investment
advice. Terms are rewritten without notice, and a help article is not a contract.

Each venue is linked from its entry heading above. Open interest and the previous day's volume come from CoinMarketCap, captured 22 September 2026. Corrections: corrections@thekiddushclubnft.com.

The Perp Reference maintainers, 24 September 2026

The maintainers are paid to publish this reference, and a venue with an entry here may be the party that paid for it.