Start with HedgerX: a careful five-step path
Check what HedgerX states, register, secure the account, test a small deposit and a small withdrawal, and only then trade, starting with spot or low leverage.
HedgerX says its services are not available in China, Turkey, Kazakhstan and Indonesia. Futures trading can liquidate your position. This page is not financial advice.
Five steps
- Check the facts first. Read Is HedgerX legit? and look up FinCEN registration number 31000323612731 in FinCEN's public registrant search.
- Register. Use an email address or a phone number, a strong password and the six-digit code. The registration guide walks through each field.
- Secure the account and complete KYC. Turn on Google Authenticator, set a fund password and an anti-phishing code, then verify your identity. Security changes lock withdrawals for 24 hours, so do this before you deposit.
- Test a small deposit and a small withdrawal. Match the network exactly, deposit a small amount, then withdraw it to confirm the whole route works.
- Trade small. Start with spot. For futures, HedgerX's tutorials advise isolated margin and 2x to 5x leverage for beginners, and HedgerX defaults to 20x if you do not set it.
Before you click register
- Know who you are dealing with: who runs HedgerX and what the FinCEN registration means.
- Run the 12-question checklist. You can get it from the starter pack form on the home page.
- Decide a limit for what you will put in, and keep it small until a withdrawal has arrived.
If something goes wrong
Frequently asked questions
How much should I deposit first?
A small amount that you can afford to lose and that is above the minimum deposit for your coin. The point is to prove that deposits and withdrawals work before you commit more.
Do I need KYC to start?
Level 1 comes with registration and allows basic trading with a daily withdrawal limit of 0.05 BTC. Level 2 needs an ID document and a face check, and raises the limit to 20 BTC per 24 hours.
Should I start with spot or futures?
Spot has no leverage and no liquidation, so it is the simpler start. Futures can liquidate a position, and HedgerX warns that leverage above 10x is easily liquidated.
Open a HedgerX account
Registration takes a few minutes. HedgerX states that its services are not available in China, Turkey, Kazakhstan and Indonesia. Futures trading can liquidate your position. This page is not financial advice.
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