Tuesday 13 August 2019

How to Convert Dust on Binance?

There are many things in Binance about which users are generally unaware. One of those things is Called Dust. Not The dust of Fine particles made from solid matter, but Dust in CryptoCurrencies. The dust refers to really Small amount of Token or Coin in the cryptos. Sometimes we have such a small amount in our crypto, we forget about it. For example, Binance is Made from 100 Million satoshis. So if we flip it, then one satoshi is equal to 0.00000001 bitcoin.

If you have, let us say 100 satoshis in your account, then we can call them Dust. Since every transaction required some fee, But the amounts are even less than Transactional price. So, Binance allows them to convert into Binance Coin(BNB). Read this blog further to understand the process.

How to Do it?

First Go to Binance Official site. Then Do a Binance login. Now Go to Funds in the menu. There you will find the option of balances. Click on it. The Balance page will get open. You will see an option of Convert to BNB, click on the label

Now, whatever balance you have, which is eligible to Convert to Dus will get shown here. Now the Minimum which you can convert has to value less than 0.001BTC. It does not matter if you have multiple coins at the same time, You can Convert all of them at once. Choose the coins you want to convert; then it will show you how much it's worth In Binance coin(BNB).

Before you do it, you should know the Convert Binance coin( BNB) amount will be based on the current market price. So, when you click on ‘Convert to BNB,’ The current price will get applied.  Once you are sure about it, click on it, then a window of Confirming will appear. Click on it.

Upon clicking on it, it will redirect you to a page, when the conversion is done. You can do it every 24 Hours and another thing to know, you can not convert delisted coins.
Source Url:- Binance Official site

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