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Are there any restrictions or requirements for selling ICX on Binance?

avatarNazir AhamdNov 26, 2021 · 3 years ago3 answers

What are the restrictions or requirements that I need to be aware of when selling ICX on Binance? Are there any specific rules or guidelines I should follow?

Are there any restrictions or requirements for selling ICX on Binance?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    When selling ICX on Binance, there are a few restrictions and requirements that you should keep in mind. First, you need to have a verified Binance account in order to sell any cryptocurrency. This involves completing the KYC (Know Your Customer) process, which includes providing identification documents and personal information. Additionally, Binance may have specific rules regarding the minimum and maximum amounts you can sell at a time. It's important to check the platform's guidelines or contact their customer support for more information.
  • avatarNov 26, 2021 · 3 years ago
    Selling ICX on Binance is relatively straightforward, but there are a few things to consider. Firstly, you need to have ICX tokens in your Binance wallet in order to sell them. If you don't have any ICX, you'll need to deposit them from another wallet or exchange. Secondly, Binance may have certain trading pairs for ICX, so you'll need to ensure that you're selling it against the correct cryptocurrency. Lastly, keep in mind that Binance charges a small fee for each transaction, so factor that into your selling strategy.
  • avatarNov 26, 2021 · 3 years ago
    While I can't speak specifically for Binance, I can provide some general information about selling ICX on a cryptocurrency exchange. Typically, exchanges require users to have a verified account and complete the necessary KYC procedures. This involves providing identification documents and personal information to comply with regulations. Additionally, exchanges may have certain trading limits or restrictions depending on the user's account level. It's always a good idea to check the exchange's terms of service or contact their support team for specific requirements when selling ICX.