I’m looking to buy some smaller altcoins through binance. I have spare Litecoin (that I can switch into bitcoin/Ethereum through Exodus) to use as currency to purchase coins. I’ve just created an account but have done zero verification steps.
Would I still be able to purchase coins using my coins and have them sent to a wallet without verifying?
I’m trying to delay because I bought extra litecoin at 250-300, and would rather have it at least hit that value before I trade, so if I must verify I guess that allows more time for potential Litecoin price increases.
For binance exchange verification got 3 level.
The 1st level you only can withdraw 2 bitcoin per day,
The 2nd level you only can withdraw 100 bitcoin per day,
For the highest level you need to contact binance exchange management.
You still can buy or trade with the 1st level.
Hope this help you..