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

avatarDuran RossenDec 25, 2021 · 3 years ago1 answers

Can you explain the distinctions between trading level 1 and trading level 2 in the context of cryptocurrency trading? What are the specific features and limitations of each level?

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

1 answers

  • avatarDec 25, 2021 · 3 years 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.