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What is the role of KYC in crypto exchanges? Community
KYC, or Know Your Customer, is a process that crypto exchanges use to verify the identity of their users before allowing them to trade. The main role of KYC in crypto exchanges is to prevent illegal...
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What is a stockbroker account? Community
A stockbroker account, also known as a brokerage account, is an account that enables individuals to buy and sell stocks and other securities through a licensed broker. It acts as the bridge between...
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What is the difference between major, minor, and exotic pairs? Community
Major pairs are the most widely traded in the world and always include the U.S. dollar (USD) along with another strong currency such as the euro (EUR), British pound (GBP), Japanese yen (JPY), Swiss...
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What do we think about trading bitcoin? Community
Trading Bitcoin can be both exciting and risky due to its high volatility and potential for significant gains or losses. As a decentralized digital currency, Bitcoin is influenced by factors like...
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What is the difference between net income and gross income? Community
Gross income and net income are key financial metrics, but they represent different stages of earnings. Gross income is the total revenue or earnings generated by an individual or business before any...
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What is the floating leverage? Community
Floating leverage is a dynamic margin trading feature offered by some brokers, allowing traders to adjust their leverage based on the size of their positions. Unlike fixed leverage, where the ratio...
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