Cryptocurrency exchange BexBack launches amazing campaign! No KYC, 100x leverage, and lots of bonuses!
Hello to all of you who have just stepped into the world of virtual currency! This time, I found some interesting news and would like to share it with you. It seems that a virtual currency exchange called "BexBack" has started a very attractive campaign.
What is KYC? What do you mean it's not required?
First, the term "No KYC" appears in the news. KYC is an abbreviation for "Know Your Customer," which means "customer identification" in Japanese. When you open a bank account, you submit identification documents, right? Just like that, cryptocurrency exchanges generally verify the identity of users to prevent crime.
However, BexBack does not require this KYC (identity verification)! In other words, you can start trading immediately without having to submit any cumbersome documents. This is a great point for those who want to start cryptocurrency trading easily.
Is 100x leverage high risk, high return?
Next, the term "100x Leverage" appears. Leverage is like the principle of leverage, and is a mechanism that allows you to trade large amounts with a small amount of capital. For example, even if you only have 100 yen, if you apply 1x leverage, you can trade 100 million yen.
However, while leverage can lead to large profits, it can also lead to large losses. It's like riding a roller coaster, where you feel excited but also a little scared. So, when using leverage, it's important to trade carefully and within your means.
Are welcome bonuses and double deposits worth it?
BexBack also seems to be running campaigns such as the "$50 Welcome Bonus" and "Double Deposit". The welcome bonus is a bonus given to new users, and the double deposit is a very advantageous campaign in which the amount of the deposit is doubled.
It's like getting a lot of points or getting another product when you shop at a store. By taking advantage of these campaigns, you can start trading cryptocurrencies at a better price.
Bitcoin Price and Market Volatility
According to the article, the price of Bitcoin is below $10, and analysts are predicting that the cryptocurrency market will remain unstable. Under such circumstances, it may be difficult to generate short-term profits by just holding the cryptocurrency. That's why it may be important to take advantage of exchange campaigns such as BexBack and trade efficiently.
Summary: Is BexBack the best place to start trading cryptocurrencies?
The BexBack campaign has three attractive features: you can start easily without KYC, you can aim for big profits with leverage, and you can trade at a discount with bonuses. Of course, there are risks, but if you use it well, you may be able to enjoy the world of virtual currency.
However, it is important to trade virtual currencies at your own risk. Before you start, study thoroughly and understand the risks, and trade within your limits.
Personally, I think it's convenient and convenient that KYC is not required. However, the leverage is a bit scary, so it might be a good idea to try it out with a small amount at first. Please check out the BexBack campaign!
This article is based on the following original articles and is summarized from the author's perspective:
BexBack Launches No KYC, 100x Leverage, $50 Welcome Bonus,
and Double Deposit – Start Trading Today!