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In the face of this ever-growing cryptocurrency trading landscape, it is important for both experienced traders and newbies to find a reliable and effective exchange platform. One such platform that has been creating its name and gaining fame since inception is Burnbit. Being headquartered in the United States, Burnbit has also become a pioneer in providing futures and options trading with various advanced features, catering to all the needs that traders worldwide are looking for.
The Burnbit Advantage
Burnbit has been designed to provide a seamless and efficient trading experience for traders. Here are some key features that set it apart:
High-Speed Matching Engine
At the center of Burnbit is a high-level matching engine developed on the “first come, first serve” principle. This advanced technology empowers Burnbit to process thousands of orders per second, ensuring lightning-fast execution and minimizing latency for traders. Also, the same account can give hundreds of orders per second to the platform, making it very practical and scalable.
24/7 Trading Hours
In cryptocurrency markets, the essence of opportunities remains to be about timing. This being understood, Burnbit has opened its doors for business during any time of the day or night, thus allowing traders to take advantage of opportunities and act fast on market developments.
Create a Burnbit Account
Signing up with Burnbit is pretty simple; here are some basic steps:
Join Burnbit
Go to the Burnbit webpage and get to the Register page. Fill out your details in the form and submit it to create the account.
Email Validation
Burnbit will send you a message saying that Your Burnbit account has been created. You should have gotten an email from us with a verification link. Click on that to verify your email address and activate your account.
KYC Verification
Burnbit ensures compliance with the relevant regulations and maintains the security of its platform by making it obligatory for all users to complete the KYC verification process. Verification involves the uploading of identification files if they are required. There exist two parts: Level 0 and Level 1.
A Closer Look at Burnbit’s KYC Process
Importance of KYC
Burnbit is very proactive in ensuring the security and necessary compliance processes. In case of false information while doing KYC, this can lead to account closure with immediate liquidation of open positions. Burnbit has further upgraded its monitoring by partnering with Chainalysis to identify and avoid suspicious cryptocurrency transactions.
KYC REQUIREMENTS
At Burnbit, security, and compliance are taken very seriously, and all information submitted during the KYC process must be accurate and truthful. Account closure will result from the provision of false statements, along with the liquidation of any open positions. To enhance its monitoring capabilities, Burnbit has partnered with Chainalysis to detect and prevent suspicious cryptocurrency transactions effectively.