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Is bitforex a good investment platform?

The same goes for BitForex, a type of trade site which is relatively new and offers token and derivatives services. With low trade fees, no KYC required, accessible account browsing, and other user-friendly features make BitForex a promising digital asset platform. This Bitforex review will cover every aspect of the exchange platform.

How do I contact bitforex?

The platform is easily contacted through their Live-Chat service. Another option is joining their Telegram channels where help is found in nine languages making it accessible to all users. BitForex, is a relatively new crypto exchange, that only has grown to over 3 million users.

Are US traders allowed to trade on bitforex?

BitForex isn’t clear if US traders are allowed to trade Bitforex. Although the company does claim a “No geographic restrictions” policy. However, a Reddit thread sheds a bit of light claiming that US citizens can invest on BitForex. Signing up for BitForex only takes around 10-30 seconds to complete.

Does bitforex support Perpetual leverage trading?

On top of its spot trading capabilities, BitForex supports perpetual leverage trading on crypto. There are 13 assets denominated in USD, including BTC, ETH, and XRP. Compared to other exchanges we've reviewed, like OKX, the range of leveraged pairs offered by BitForex is subpar and there is no margin trading support.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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