How to Use Binance Convert

2021-03-17 13:41

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Binance Convert is a simple tool for you to buy or sell cryptocurrencies with just a few clicks. It supports a wide range of assets and over 7000 pairs, including fiat currencies. You can easily convert any amount of token to another from as low as 0.01 USD.

You can get a Binance Convert quotation instantly on the website or App. The conversion price will be based on the current market conditions with zero traditional trading fees. You can get more competitive quotes for large orders than buying or selling on the Spot market.

How to use Binance Convert on the Binance website?

Before you start, make sure your Spot or Funding Wallet balance is sufficient to cover the order amount. If your balance is insufficient, check out our guides on purchasing, depositing, or receiving crypto.

1. Log in to your Binance account and go to [Trade] - [Convert & Block Trade].

You may also access Binance Convert from your Spot Wallet.

2. Choose either a market or a limit order to convert your assets.

[Market] executes the conversion at the current market price.
[Limit] executes the conversion at the limit price you set. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

You may use the funds in your Spot or Funding Wallet. Click [Spot wallet] to switch to [Funding wallet] and vice versa.

Market order

3. Go to the [Market] tab and select the tokens to convert. For example, converting USDT to BNB. Enter the amount of USDT to use, or click [Balance] and the system will automatically enter the maximum available amount you can use. Click [Preview Conversion].

4. You’ll see the amount you can receive. If you’ve happy with the rate, click [Convert] to confirm your order. Please note that the quote will automatically refresh after some time to reflect the latest market price, and the amount you can get will be updated.

5. The transaction will be processed immediately. The converted token will be distributed to the selected wallet.

To view the converted tokens, click [Go to Wallet].
To check the trading statistics of the token you just converted, click [View More].
To use Binance Convert again, click [Trade More].

Limit order

3. Go to the [Limit] tab and select the tokens to convert. For example, converting USDT to BNB. You’ll see the 24-hour performance of the trading pair on the left.

4. Enter the amount of USDT to use, or click [Balance] and the system will automatically enter the maximum available amount you can use. You’ll see the amount you can get too.

5. You may also set a duration for the conversion order by clicking the [Settings] icon.

For example, you set [30 days] for an order. If the limit price hasn’t been reached after 30 days, the system will automatically cancel the order. Please note that after placing a limit order, your order assets will be locked for the selected duration.

6. Click [Place Order] and confirm the details on the pop-up. Click [Confirm Order].

7. Your order has been placed on the order book waiting to be filled. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

To view your open order, click [Conversion History].