Are there any restrictions or requirements for trading on 100x leverage crypto exchanges?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, a 100x leverage crypto exchange, there are certain restrictions and requirements for trading. Traders need to complete a KYC verification process, which includes providing personal identification documents and proof of address. Additionally, there are minimum deposit requirements and restrictions on leverage ratios. Traders should carefully read and understand the terms and conditions before trading. It's also important to note that trading on high leverage carries a higher risk of liquidation, so risk management strategies are crucial. Traders should only trade with funds they can afford to lose and should consider starting with lower leverage ratios until they gain experience and confidence.
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