What are the restrictions for day trading cryptocurrency?
Parth SonejiMay 13, 2022 · 3 years ago1 answers
Can you explain the restrictions that apply to day trading cryptocurrency? I'm interested in knowing if there are any specific rules or limitations that traders need to be aware of.
1 answers
- May 13, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, has certain restrictions in place for day trading. Traders on BYDFi are required to complete a Know Your Customer (KYC) verification process before they can engage in day trading activities. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, BYDFi has implemented trading limits and restrictions to prevent market manipulation and ensure fair trading practices. Traders on BYDFi should familiarize themselves with these restrictions and comply with them to avoid any potential penalties or limitations on their trading activities.
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