Frequently Asked Questions on Binance Convert

Binance Convert price does not include traditional trading fees when converting cryptocurrencies.

In Instant mode, Binance Convert quotes the best prices dynamically based on market conditions at the relevant time. The quoted prices for simple conversions already include the spread, and this spread may vary from time to time. When you preview a conversion, the quoted amount of assets shown is the actual amount you will receive in your account.

The system will lock this quoted price for a short period to allow you to review it before deciding to execute the trade. Rest assured, there are no additional fees beyond the quoted price.

In Limit mode, once your order is executed at the specified limit price, the assets will be converted exactly at the specified limit price.

Binance Convert “Recurring” allows you to automate crypto investments and grow your crypto holdings with zero fees.

It utilizes a dollar-cost averaging (DCA) investment strategy, which involves investing a fixed amount of assets at regular intervals. You can choose to purchase cryptocurrencies on an hourly, daily, weekly, bi-weekly, or monthly basis.

Please note that recurring prices are different from market prices on Binance Spot. All recurring transactions are conducted in accordance with the Convert Terms of Use and Auto-Invest Terms of Use.

The prices of the cryptocurrencies purchased will be recorded under [Transaction History] - [Convert] - [Order History].

Binance Convert is a simple tool for you to buy or sell cryptocurrencies without placing orders on the complex trading interface. You can instantly convert your crypto or fiat assets anytime with a live price quotation based on the current market conditions with no traditional trading fees.

Find out more about the benefits of Binance Convert and how to get started here.

Binance Convert supports over 370 cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). Please visit our Crypto Prices page for a complete list of the supported assets.

Binance Convert supports more than 68,000 conversion possibilities among any two supported tokens through its unique any-coin-to-any-coin feature. However, please note that a few exceptions exist. For example, you can only convert old tokens to new ones, not vice versa.

Instant mode allows you to convert your assets at the current market condition based on the quoted price in the conversion.

Limit mode allows you to place an order to convert your assets at a specified limit price. For example, if you place an order to convert USDC to BTC at a limit price of 9,000 USDC and the current BTC price is 10,000 USDC, the order will only execute when the BTC price reaches 9,000 USDC or lower.

Similarly, if you place an order to convert BTC to USDC at a limit price of 11,000 USDC and the current BTC price is 10,000 USDC, the order will only execute when the BTC price reaches 11,000 USDC or higher.

Please note that limit-mode order execution is subject to both the quoted price and your specified limit price, thus it may not always get filled even if the market price momentarily reaches or crosses your limit price.

To confirm a trade, you must have the assets that you sell in your Spot Wallet or Funding Wallet. For example, if you want to buy 10 BTC with USDC and the price per BTC is 10,000 USDC, you must have at least 100,000 USDC in the respective wallet to confirm the trade.

Binance Convert is connected to your Binance account's Spot Wallet and Funding Wallet. Simply deposit and withdraw from your Spot Wallet or Funding Wallet to use Binance Convert.

Trades are settled directly into your Spot Wallet or Funding wallet, depending on your selected wallet. Settlement typically occurs immediately or, in some cases, up to a few minutes after confirming a trade.

The minimum and maximum trade amounts will depend on the coin/pair you trade. You can view the limits before entering the trade amount.

After logging in to your account, you can check your order history from [Orders] - [Convert History].

Binance Convert allows you to swap old versions of tokens for new versions that, for example, may have resulted from project teams implementing a token swap or token migration. The old tokens can only be swapped to the new versions. If a specific old token is not listed, we currently do not support the conversion.

Please note that there is a daily limit on the amount of old tokens you can convert, which varies by the token. The limit refreshes at 00:00 (UTC+0) every day.

The “NEW” tag refers to newly listed tokens on Binance Convert and will last 7 days after listing. The “HOT” tag refers to the top 3 tokens with the highest percentage gain in price in the last 24 hours. A detailed ranking of tokens can be viewed here.

Sometimes, the transaction size exceeds the limit for instant settlement and is below the minimum limit of OTC Block trading, which requires Convert to split the order into smaller, permissible portions and settle them progressively.

Processing the entire order can take anywhere from 10 seconds to 5 minutes, depending on the order size. During the settlement period, you may cancel the order; however, only the unsettled portion can be canceled. Any amount already settled cannot be reversed.

Yes, Convert trades are included in the spot trading volume calculation, except for old to new token conversions (for tokens that have undergone a token swap or token migration). It will be reflected in the calculation on the day following the trade.

Binance users who have completed Identity Verification can use Binance Convert. Please log in to your account to access all functionalities, such as checking prices and confirming trades.

For more information on how to complete Identity Verification, click here.

When trading on Binance Convert, you are subject to the Binance Terms of Use and the Convert Terms of Use. You may also be subject to the localized versions of these terms if you are onboarded to local Binance entities. Should you have any questions, please contact Customer Service.