Binance.us is a sub-platform on Binance that provides trading of cryptocurrencies and other digital assets for users in the US. announced a new listing what will happen today.
The Tezos (XTZ) token will be available to operate the «Monday, March 16, 2020 at 9:00 a.m. EST / 6:00 a.m. PST », according to the official announcement of the exchange. XTZ deposit is now available, and users can deposit the token or other currencies like BUST or USD to start trading soon.
Tezos (XTZ) will be available to operate in XTZ / YSD and XTZ / BUSD on the Binance.us platform. Withdrawal is not currently active, and users can withdraw their Tezos once the trade begins.
How to start trading
There are some recommendations for users who want to trade XTZ on Binance.us. Initially they have to pass advanced verification, which is part of the Binance legal procedure for American citizens. Then the user has to pass the fiduciary verification.
Binance has three levels of verification for users willing to trade crypto and fiat currencies. Basic verification only allows the user to exchange crypto-crypto pairs. Deposit and withdrawal are limited to $ 5,000 per day.
Advanced verification is the level of verification that pushes the cryptocurrency deposit and withdrawal limit to $ 1,000,000. The highest level verification is the Fiat account verification that allows USD deposit and withdrawal and the exchange of fiat-crypto pairs.
All three levels of verification on Binance.us require approved personal information, such as your social security number, along with the actual first and last name. But the highest level has stricter rules to verify the account.
The user has to answer some questions about «Purpose of Account, Source of Income, Partnership with Prime Trust, Anticipated Volume Trust Deposits and Withdrawals, Anticipated Number of Trust Deposits and Withdrawals», according to the Binance subreddit.
Binance users in the US They have to set up a payment method before depositing and withdrawing USD. These methods are available at this time: debit card, ACH and electronic payment. In addition, Binance offers FDIC insurance coverage for all USD deposits.
