1/ This is on our roadmap. Currently it tops up your demo balance to 10 BTC if it's below that amount.

2/ Please see here for what's required in KYC: https://docs.wcex.com/id-verification.

3/ We don't currently have plans for ETH funded derivatives - we don't think ETH is the right fit for that. Stablecoins are on our roadmap, perhaps not USDT, but something with more oversight like USDC.

Yeah, no - we have nothing to do with those accounts. We've responded to your issue several times already @shaw1.

IF YOU ARE A US RESIDENT, you cannot use XT or WCX due to regulations. Don't blame us. Call your congressman/woman.

IF YOU BOUGHT XT at the ICO, you can take it, wherever you are.

BUT... it does not seem you even BOUGHT XT at the ICO.

If you're telling us you referred spam and expect payment, we have bad news for you.

But if you referred legitimate folks who BOUGHT XT at the ICO, and this is the last time I can say this because I've said it so many times already... CONTACT OUR SUPPORT TEAM. support@wcex.com

Thanks.

If you invest say 10 BTC in a short position, and price goes down 10%, you make 10% * 10 BTC = 1 BTC. If price had gone up, you'd have lost that same amount.

If you expect prices to go up, you go long; if you expect prices to go down, you go short.

The liquidation is the price at which your position loses 80% - that's when it is auto closed to cover your margin.

Again... we're not tied to the ICO here. It was run by separate people. If you have an issue with your account please bring it up with them separately. You can also join the Telegram group where there are many token holders.

There are 0 fees to place trades, deposit, or withdraw. The way we make money is through the bid-ask spread, which in most cases is even lower than an exchange's spread (and considering the fact an exchange charges a fee in addition to the spread).

What's bid/ask? What's the spread?

In any market, on any platform, the bid price is the price at which you can currently sell, and the ask price is the price at which you can currently buy. The spread is the difference between the bid and the ask.

If you were to buy at the ask price and resell immediately, you would resell at the bid price and hence your trade would be down by the (ask-bid), which is the spread. That's why the spread is considered a natural "cost" in any trading activity.

Liquidity pool – why it's better than an orderbook

When you trade on WCX, the losses you make are added to a common liquidity pool, which in turn is used to pay out profits. Any time a transaction is made through the liquidity pool (adding loss or paying profit on a trade), the spread from that amount is retained.

As explained in our OP, in the large majority of cases, trading with a common liquidity pool is much more efficient and cheaper than trading an orderbook, because of the many costs you incur when placing a market order against an order book (in addition to the spread): slippage, getting filled at a worse price than you want, partial execution, and fees.

When trading "against" the liquidity pool, there are no fees, there is no slippage, and all orders are executed fully at the price that is quoted to you.

You can think of it as an always-accessible, automatic OTC desk with no minimum order size.

Again - you're confusing us with the WCX ICO. This was run by separate people - which is why I'm trying to refer you to them. I'm not familiar with your case and can't help you with your issue here I'm afraid.

You're confusing us with an ICO – this thread is not about XT and we're not an exchange. If you have questions about your previous XT tokens please contact support@wcex.com and they can put you in touch with the right people.

Times are changing - we'd love to offer a no-KYC service, but it's just getting tougher and tougher in the crypto world as regulations catch up. A bit of background:

We're a centralized service. If we offer no-KYC, we put ourselves at risk of a shutdown by regulators (over the long run). When you're a financial service, serving customers you don't know, some government or law enforcement agency somewhere will eventually find a way to accuse you for anti-money laundering or terrorist financing. And this just doesn't make sense for us, because we're building the business for the long run in compliance with the laws of the jurisdictions we serve.

Additionally, when you offer a no-KYC service as a company, it's become almost impossible to get a corporate bank account. That means we wouldn't be able to pay for employees or regular office expenses, which would make it impossible to conduct business. Some of the remaining no-KYC crypto businesses like Binance, Bitmex, or Bitfinex have managed to get around this so far through some loopholes, including creating dozens of offshore companies, each with their own low-balance bank accounts (with the banks not being necessarily aware of the business they're conducting). But we don't think that's a sustainable strategy moving forward.

So KYC is a small price to pay to run the company for the long term. It's also a good assurance for customers that we're operating in compliance with the law.

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Hi guys - times in crypto are changing. The times where you can deposit and trade without KYC are over, or at least coming to an end. This is not something we have control over, I'm afraid.

Everyone needs to go through KYC to deposit or withdraw - this is a regulatory obligation. Thanks for understanding.

Much appreciated! We'll be in touch.

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The USDC is a new concept in the crypto industry, but it's been around for decades in traditional finance. It is called currency pegging.

For those who are interested: https://en.wikipedia.org/wiki/Fixed_exchange-rate_system.

We're not changing any terms. We're complying with regulatory requirements. Happy to hear you out if you'd like to elaborate.

You can check our progress here: https://wcex.com.
Our spot exchange has launched here: https://wcex.com/exchange (~ $100M daily volume).