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Are there any limits or restrictions on wire transfers for cryptocurrency transactions on Binance US?

avatarp4lzyDec 27, 2021 · 3 years ago1 answers

Can you please provide details on the limits and restrictions for wire transfers when conducting cryptocurrency transactions on Binance US? What are the maximum and minimum amounts allowed for wire transfers? Are there any specific requirements or documentation needed for wire transfers? How long does it usually take for wire transfers to be processed on Binance US?

Are there any limits or restrictions on wire transfers for cryptocurrency transactions on Binance US?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to wire transfers for cryptocurrency transactions on Binance US, there are certain limits and restrictions that you need to be aware of. The minimum amount for wire transfers is $10, and the maximum amount depends on your account level. For Level 1 accounts, the maximum limit is $5,000 per day, while for Level 2 accounts, it is $1,000,000 per day. To initiate a wire transfer, you will need to provide the required documentation, including a valid government-issued ID and proof of address. The processing time for wire transfers can vary, but it usually takes around 1-3 business days for the funds to be credited to your Binance US account.