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1  Economy / Trading Discussion / kucoin on: December 10, 2021, 05:40:19 PM
it seems that kucoin allows shorting and leveraging coin for usa customer, without need for kyc, which all i still find hard to believe, but anyhow, does anyone know how to make a usa bank deposit to a kucoin account? their screens are so complicated compared to coinbase. don't ask why i dont use coinbase, i just choose not to. i need a tutorial on this super simple step. all i see is USDT deposit, and i dont even think that's US Dollars. As you can see im a newbie. and kucoin has no live person to help you, figures.

i'm literally willing to pay someone to walk me thru depositing and doing futures trading, shorting, margin trading as there is no clear cut tutorials on this, even on youtube, without watching some 30 minute long video that almost has nothing to do with what i just said.
2  Economy / Trading Discussion / Re: shorting coin on: December 06, 2021, 09:23:30 PM
I don't know if there are many for it but coindcx might be an exchange to look at for that (not sure how trustworthy they are but I don't think they kyc anyone either).

There might be some decentralised exchanges too you could take a look at (also make sure they have enough liquidity).
It is really hard to find an exchange these days where no KYC is required, especially for people from restricted countries.

DEXs are a good place to start but then these have their own limitations with no enough liquidity, massive spread and what not.

So make sure you check these out first before setting up on any of these, and of course depending on which chains you're operating you have different DEX options. Like for BSC you got poocoin, pancake, etc while for AVAX chain you have pangolin and trader joe


I'm a newbie so why do people want to avoid KYC? is it to avoid taxes or to avoid the lengthy vetting/approval processes that people who can't wait will go crazy about? because i'm fine giving an exchange my personal information if that's what it takes to short coin, even if i have to pay taxes on my capital gains
3  Economy / Trading Discussion / Re: shorting coin on: December 06, 2021, 09:04:37 PM
I think the only way to short cryptos in the US is by margin trading or futures trading (both I know are available on Kucoin), but both of these are extremely risky and not a good option for beginners. If you margin trade and you're wrong, you'll get liquidated which means you will lose your entire account.

so margin trading is similar to leveraging?

and can't you just put a order to get rid of the coin if it increases up to a certain amount (so it works like a safety valve), which was in my original statement " if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents."
4  Economy / Trading Discussion / shorting coin on: November 28, 2021, 03:09:36 AM
any exchanges for u.s. customer where one can short a coin on cb pro? ex: coin A is currently at $1.20. put an order to get the coin at $1.19 if it drops to $1.10 then i get rid of it, make 9 cents profit. if it hits 1.22 i get rid of it thus minimizing my loss to only 3 cents.

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