What Is Binance Convert?
Binance Convert is a simple tool that helps users convert one cryptocurrency to another quickly and easily. Unlike traditional trading, where you need to deal with order books, set limits, or use complex trading strategies, Binance Convert simplifies the process, enabling direct swaps between different cryptocurrencies.
Keep reading to learn how you can get started with Binance Convert and its key benefits.
Getting Started With Binance Convert:
1. Log in to your Binance account and go to the [Convert & Block Trade] section under the [Trade] menu.
2. Select the cryptocurrency you want to convert from and the one you want to receive. You can use funds from both your [Spot] and [Funding] wallets.
By default, the conversion will be a market order, meaning it happens instantly at the best available price.
3. Specify the amount of cryptocurrency you want to convert.
4. Click on "Preview Conversion" to see the current rate and the amount of cryptocurrency you will receive. The quotes update automatically every 8 seconds.
5. If you are happy with the quote, click [Convert] to complete the transaction.
Key Benefits of Binance Convert
1. Binance Convert has a simple interface that is perfect for beginners.
2. Market order conversions on Binance Convert are executed instantly.
3. Binance Convert offers competitive rates that are often very close to the market rate.
Learn more: What Is Binance Convert and How to Use It?