I cant tell for sure but I dont think that is a V2. I dont think they sold the V2 with the 36 as a ARF. The radio will fly your heli. As far as fuel you can use most heli fuels with 15 to 30% nitro. You should use a heli fuel, they contain more oil for longer engine life.
As far as battery you should use as least 1100mah 4.8 volt.