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Re: [ANN] WCX | Buy or Short stocks & cryptos with BTC | Liquid, Secure, 0 Fees
by
AdolfinWolf
on 22/04/2019, 10:46:25 UTC
This looks very interesting, and i am particularly interested in trading regular stocks with bitcoin directly.

I'm just wondering a couple things. (Forgive me if you've already stated this...)

1. What are the direct fees associated with buying stocks w/ bitcoin? None?

2. Is your stock brokerage insured, and up to how much? I love all the words of you being "protected" against hacks, but i'd feel a lot safer knowing that you have something like SIPC, (again, forgive my ignorance if this specific service is not applicable on your brokerage/area of operations, but i'm assuming you get what i mean.)
(Otherwise, what's the use of KYC in the first place? I'm guessing you could operate the same way as Bitmex?)

3. How is "decay" - https://docs.wcex.com/trading/decay not a fee for the user? Is there any way to open positions without margins in that case?
(Otherwise, it'll potentially be very taxing to hold longterm positions?)

And now the (second) most important question, for which i can't find anything about on your site;

4. You're offering a number of stocks which provide dividend. When/How/in what currency will users receive that if they're buying a stock in which it is applicable?
(Or will we not receive dividend at all?)


Is there a TLDR what happend to your ICO, if anything happend at all? I'm not really following it..?