Will you able to explain few things about crypto margin trading here? Like answering doubts regarding margin trading. I want to know what are crypto margin trading exchanges that does not need KYC. Do I need fiat or tether deposit for getting start with margin trading I ask this because I doubt that I need to deposit BTC to buy BTC in contracts. Do that work that way?
Honestly, I am always against margin trading due to its high risk levels still I guess guides from professionals may help to eliminate those risks. Let me see up to what level you could "explain" margin trading here.
Hi davinchi,
Thanks for reaching out! Unfortunately, we don't collect data on the required level of KYC-documentation on our site. To our understanding though, BaseFEX, ByBit, Primebit and BitMEX (the latter not being our favourite) do not require you to complete a KYC-process. And actually, none of these exchanges accept fiat currency deposits.
There might be exceptions, but as a general rule you do need some holding of the crypto you want to go short or go long on, in order to open the short or long position on that crypto. Hope this clarifies!
All the best,
Cryptowisser