Skip to main content
All CollectionsAbout Paper Trading
Is Identity Verification Required to Use Paper Trading?
Is Identity Verification Required to Use Paper Trading?
Updated over 2 weeks ago

No, identity verification is not required to use Paper Trading. As a demo platform, Paper Trading allows users to explore and practice trading without submitting personal identification. This enables quick access to the demo environment and a seamless onboarding process.

What About the Live Roxom Platform?

While Paper Trading does not require identity verification, users will need to verify their identity to trade on the live Roxom platform. This measure ensures compliance with regulatory requirements and provides a secure environment for actual BTC transactions and asset trading.

Roxom is committed to implementing robust security measures, from encryption protocols to fraud detection, to safeguard user data and funds. By prioritizing compliance and protection, Roxom aims to build a trustworthy platform that empowers users to trade in a secure, Bitcoin-denominated marketplace.

Why Doesn’t Paper Trading Require Verification?

Since Paper Trading operates purely as a demo environment with BTC credited solely for practice, identity verification is not necessary. This enables users to freely explore and become familiar with Roxom’s functionalities before the full platform launch.

Did this answer your question?