What are the differences between trading level 1 and trading level 2 in the context of cryptocurrency trading?

1 answers

• Nasywan AzrialJul 28, 2024 · a year ago
  At BYDFi, trading level 1 grants users access to basic trading functionalities such as spot trading and limit orders. It has a daily trading limit of $10,000 and does not support margin trading or futures trading. On the other hand, trading level 2 at BYDFi provides advanced trading features including margin trading, futures trading, and options trading. It has a higher daily trading limit of $100,000 and offers more advanced tools for technical analysis and trading strategies. With trading level 2, users can take advantage of leverage and explore more sophisticated trading opportunities. However, it's important to note that trading level 2 requires users to meet certain criteria and undergo a verification process to ensure compliance with regulatory requirements.
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