Binance Dust converts any small amount tokens to BNB and nothing gets lost

LeoFinance
9 days ago
2 Min Read
367 Words

We all do different operations on cryptocurrency exchanges as selling, buying, trading, depositing or withdrawing. And when we are doing different operations we see that we end up with a lot of wallets collecting dust upon some small amounts of those cryptocurrencies. Binance went and solved this problem and you can now on such small wallets to convert them to BNB.

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With that in mind I went into my Binance account and looked for dust wallets where the cryptocurrencies are no more of interest to me and that are in very small amounts. You can access that from your account -> Fiat & Spot Menu where you have the link to "Convert to BNB". You simply need to click it and it will take you to the "Dust" page.
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The Dust page displays all the assets which have low value and which you can swipe them for BNB. You simply need to select those that you want to convert to BNB either one at a time or multiple ones at once. I used to select multiple tokens at once because I felt it was much easier and allowed me to do the conversion just in one move. Also you need to pay attention to the statement from Binance against flooding the system with small and repeated operations.

You can convert balances with a valuation below 0.001 BTC to BNB once every 6 hours. It is not currently possible to convert delisted coins.
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With this feature you can simply not leave any money on the table, convert everything to BNB and than put it to work through Staking, Launchpool, DeFi or other similar investment instruments built around the Binance cryptocurrency. I know that this might not be too much, but everything matters and while we experiment with different cryptocurrencies and have low balances, while we trade and we are left with small holding of that asset in the balance it is quite great that we can convert all that dust to BNB, gather it and put it at good use. I don't know about you, but I've already claimed the dust and now make use of new BNB tokens.

Posted Using LeoFinance Beta