Last Updated: 27 March 2025
1. Introduction and Acceptance of These Terms
a. By clicking “I Accept” you acknowledge and agree that you will be bound by and will comply with these Binance FZE Convert Service Terms, as updated and amended from time to time (these “Convert Service Terms”).
b. These Convert Service Terms are supplemental to, and shall be read together with, the Binance Terms of Use available here (as amended from time to time, the “Terms of Use”) and the provisions set out in the Terms of Use shall continue to apply. All terms and clauses contained in the Terms of Use (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if set out in their entirety in these Convert Service Terms.
c. By accessing and using the Convert Services (as defined below), you acknowledge and agree that you have read, understood and accepted all of the terms and conditions in these Convert Service Terms and the Terms of Use, together with any additional documents or terms referred to therein, and you acknowledge and agree that you will be bound by and will comply with these Convert Service Terms and the Terms of Use If you do not understand and accept these Convert Service Terms in their entirety, you must not access nor use the Convert Services.
d. In the event of any conflict or inconsistency between any provision of these Convert Service Terms and a provision of the Terms of Use, these Convert Service Terms shall prevail so far as such inconsistency relates to the Convert Services (as defined below).
e. These Convert Service Terms are legally binding between you and Binance FZE, a free zone establishment, registered with the Dubai World Trade Centre (registration number 1693) with its registered office at Office 05.0102, Floor 5, The Offices 4 - One Central, Dubai World Trade Centre, Dubai, United Arab Emirates (“Binance”).
f. All terms and references used in these Convert Service Terms that are not defined herein shall have the meaning given to them in the Terms of Use. These Convert Service Terms constitute Product Terms. References in the Terms of Use to the “Binance Services” shall include references to the services contemplated hereunder. In the event of any conflict or inconsistency between these Convert Service Terms and the Terms of Use, these Convert Service Terms shall prevail with respect to the services contemplated hereunder, unless expressly stated otherwise.
g. Binance may make changes to these Convert Service Terms (or any terms or information incorporated by reference) at any time in accordance with clause 21 of the Terms of Use. This version of these Convert Service Terms shall replace and supersede: (i) any previous agreements between us with respect to Convert Services (as defined below); and (ii) any previous versions of these Convert Service Terms that may have been accepted through, or otherwise made available on, the Platform.
2. Eligibility.
a. Certain products and services addressed in these Convert Service Terms may not (or not yet) be available to all users. Please refer to the Platform for details of the latest available products and services.
b. Binance reserves the right to adjust the eligibility requirements of this product from time-to-time, in its sole discretion.
3. Convert Services. Subject to eligibility requirements, you may be able to make use of the convert services, which enable you to buy and sell Virtual Assets based on prices provided by Binance (the “Convert Services”). You may provide Binance with a request:
a. to convert:
i. an amount of a Virtual Asset into another Virtual Asset; or
ii. an amount of Fiat Currency into a Virtual Asset (or vice versa), in each case, subject to the trading pairs supported by the Platform from time to time (each, a “Conversion”); and/or
b. to undertake a series of Conversions on a periodic basis in accordance with your Specified Plan (each such Conversion in respect of a particular Specified Plan, a “Recurring Conversion”).
For details on Recurring Conversions, please see clause 6 (Recurring Conversions) below.
4. Conversions.
4.1 Conversion Order Types. To request a Conversion between a supported trading pair through the Platform, you may place:
a. Convert Instant Orders - an instant order, by specifying the type and amount of the Virtual Asset or Fiat Currency to be converted and the type of Virtual Asset or Fiat Currency to be received pursuant to such Conversion (each, a “Convert Instant Order”); and/or
b. Convert Limit Orders - a standing offer for a proposed Conversion, by specifying the type and amount of the Virtual Asset or Fiat Currency to be converted and the type of Virtual Asset or Fiat Currency to be received pursuant to such proposed Conversion, the limit price at which such proposed Conversion is to take place and the date upon which the offer is to expire, if unfulfilled (each such standing offer, a “Convert Limit Order”).
Orders can only be submitted in respect of the trading pairs supported by the Platform. Binance reserves the right to adjust the trading pairs supported by the Platform from time to time at its sole and absolute discretion, with or without notice.
4.2 Convert Instant Orders.
a. If you place a Convert Instant Order, Binance may (but is not obliged to) provide a non-binding, indicative and discretionary quote for the conversion (each, a “Convert Quote”), which you may confirm or decline within such a period of time as Binance may, in its sole discretion, specify.
b. It is your responsibility to assess the terms of the Convert Quote (including, without limitation, the quoted price) and to decide whether or not to confirm the Convert Quote within the specified time. Your confirmation of the Convert Quote constitutes an irrevocable formal trade request to Binance to enter into a Conversion transaction at the price provided in the related Convert Quote (each, a “Trade Request”).
c. With respect to each Conversion, your submission of the related Trade Request authorises Binance to lock in your Binance Account the requisite amount of your Virtual Assets or Fiat Currency that is to be converted until such time that the Conversion is fully settled or the Trade Request is cancelled or rejected.
d. Notwithstanding any term to the contrary, Binance may either accept or reject the Trade Request at its sole and absolute discretion.
e. If a Trade Request in respect of a Convert Instant Order is accepted by Binance, then that Conversion shall be settled in accordance with clause 5 (Settlement of Conversions) below.
4.3 Convert Limit Orders.
a. If you place a Convert Limit Order, Binance may accept or reject such Convert Limit Order, in whole or in part, at its sole and absolute discretion at any time until such Convert Limit Order is settled in full, expires or is otherwise withdrawn or cancelled.
b. Binance does not guarantee the fulfillment of any Convert Limit Order, in whole or in part, even if a price for the Virtual Asset (as may be available elsewhere on the Platform) that is the subject to the proposed Conversion hits or crosses the limit price set by you. Binance shall not be held responsible for any potential loss or opportunity cost due to any failure to execute any Convert Limit Order in such case.
c. If and to the extent that a Convert Limit Order is accepted and fulfilled by Binance (in whole or in part), then that Conversion shall be settled in accordance with clause 5 (Settlement of Conversions) below. You will not be able to cancel a Convert Limit Order after it has been accepted and fulfilled by Binance.
5. Settlement of Conversions.
a. If and to the extent that Binance accepts all or part of an order for Conversion, then Binance shall settle the relevant portion of the requested Conversion accordingly by debiting the amount of Virtual Assets or Fiat Currency to be converted from your Binance Account and crediting the amount of Virtual Assets or Fiat Currency to be received to the same Binance Account.
b. In most cases, settlement will complete within seconds from the acceptance by Binance, however Binance does not guarantee settlement of the Conversion within this timeframe and in some instances the settlement process may take several hours or even longer, depending on various factors, including, without limitation, the type of Virtual Assets or Fiat Currency, prevailing market conditions, and operational and technical requirements. Binance shall not be held responsible for potential loss or opportunity cost in connection with any price change of the Virtual Asset subject to the Conversion during this settlement period.
c. Notwithstanding anything to the contrary, transactions exceeding a certain amount may be settled in tranches (“Auto-Split”), as determined by Binance in its sole discretion. You will be notified in advance when a transaction is subject to Auto-Split. You hereby acknowledge, confirm your understanding and agree that the time needed to process an Auto-Split may be longer or shorter than estimated. Where Auto-Split is applied, you may cancel the related Trade Request prior to it being settled in full, however cancellation will be effective only in respect of the unfilled portion of the Trade Request. Any portion of the Trade Request that has already been settled cannot be reversed, canceled or unwound.
6. Recurring Conversions.
You may request for Recurring Conversions by providing a Specified Plan (as defined below) in accordance with the terms of this clause 6 (Recurring Conversions).
6.1 Recurring Conversion Requests.
a. By submitting a request for Recurring Conversions in a Specified Plan (as defined below), you request and authorise Binance to undertake and settle the requested Conversions for your account, in each case, in accordance with your Specified Plan.
b. Your Specified Plan shall continue until it is amended, suspended or cancelled in accordance with these Convert Service Terms.
6.2 Specified Plan.
a. A Specified Plan shall contain the following details:
i. details of the type and quantity of the Virtual Assets or Fiat Currencies to be converted and the type of Virtual Assets or Fiat Currencies to be received pursuant to each proposed Conversion;
ii. the Binance Account that will be debited for settlement of the Conversion (such account, the “Designated Account”; your Spot Account will be the default Designated Account if your Specified Plan does not specify otherwise); and
iii. the frequency at which each proposed Conversion should occur (each a “Scheduled Conversion”, and, with respect to each Scheduled Conversion, the scheduled date of such Scheduled Conversion shall be the “Recurring Conversion Date”).
b. By submitting a Specified Plan, you agree that (a) you will be deemed to have submitted one or more Convert Instant Orders on each Recurring Conversion Date, as required to effect the Scheduled Conversions in accordance with your Specified Plan (as determined by Binance in good faith) on each Recurring Conversion Date, (b) you will be deemed to have confirmed a Trade Request in respect of each such Convert Instant Order (provided, in each case, that the price for that Scheduled Conversion is within the applicable price parameters in your Specified Plan, if any) and (c) your Specified Plan and Recurring Conversion Dates will continue until your Specified Plan is cancelled or suspended in accordance with these Convert Service Terms.
c. With respect to each Scheduled Conversion, you authorise Binance to lock the requisite amount of your Virtual Assets or Fiat Currency in your Designated Account that is to be converted on the Recurring Conversion Date. The lock shall commence at a time selected by Binance (acting in a commercially reasonable manner and taking into account, without limitation, its operational requirements) on that Recurring Conversion Date and shall remain in effect until such time that (i) the Conversion is fully settled or (ii) the Trade Request is rejected. You will not be able to transfer or deal in such Virtual Assets or Fiat Currency whilst it is locked for this purpose.
d. If you do not have sufficient available Virtual Assets or Fiat Currency in your Designated Account on the Recurring Conversion Date to settle a Scheduled Conversion in full, then Binance will not process such Scheduled Conversion. If you have multiple Scheduled Conversions on the same Recurring Conversion Date and there are insufficient available balances in your Designated Account to settle all such Scheduled Conversions, then Binance may (but is not obliged to) select which of those Scheduled Conversions to process and accept. Binance shall not be responsible for any damages or losses resulting from or otherwise in connection with an incomplete settlement of all Scheduled Conversions on any Recurring Conversion Date. Each Scheduled Conversion under a Specified Plan is to be assessed and settled independently of any other Scheduled Conversion under that Specified Plan or any Scheduled Conversions under any other Specified Plan. It is solely your responsibility to ensure the suitability of your Specified Plan on an ongoing basis.
e. Binance reserves its right to refuse to provide a Convert Quote or to accept a Trade Request, including any deemed Trade Request pursuant to a Scheduled Conversion under Specified Plan.
f. If and to the extent that Binance accepts each such deemed Trade Request relating to a Scheduled Conversion, Binance shall settle the Conversions using your Designated Account in accordance with clause 5 (Settlement of Conversions) above. The time of acceptance, rejection and/or settlement of a Trade Request in respect of any such Scheduled Conversion shall be selected by Binance (acting in a commercially reasonable manner).
g. If there is a Down Period during the settlement cycle of Recurring Conversions, your transactions will only resume when the Platform is back in service. Binance shall not be responsible for any change in price or difference in price that may occur during or otherwise in connection with any Down Period.
6.3 Modifications to a Specified Plan.
You hereby acknowledge, confirm your understanding and agree that Binance may, at its discretion (but is not obliged to), suspend or modify your Specified Plan and/or your plan settings more generally in response to factors such as upgrades to the Binance Services, rebranding of Virtual Assets, the delisting of Virtual Assets or trading pairs, and/or other Binance product feature changes. Such adjustments may be necessary or desirable to facilitate the continuation of your Specified Plan in light of any disruptions arising from these changes.
If Binance makes a material modification to your Specified Plan, then Binance will notify you after the change has been implemented. Where Binance considers it practicable to do so, Binance will use reasonable efforts to provide advance notice if it determines that a modification would cause a material deviation from your Specified Plan’s existing structure.
You further acknowledge and agree that in the event that any Virtual Asset or trading pair that is the subject of your Specified Plan is delisted or no longer supported by the Platform, your Specified Plan will continue without that delisted or unsupported Virtual Asset or trading pair. For example, if your Specified Plan requested to acquire three Virtual Assets (X, Y and Z) through Recurring Conversions, and one of those Virtual Assets (X) were de-listed by Binance, then (a) your Specified Plan would continue in respect of the remaining Virtual Assets (Y and Z only) and only Recurring Conversions in respect of those remaining Virtual Assets would take place going forward; (b) there will be no redistribution nor rebalancing between the remaining Virtual Assets (e.g. if your Specified Plan requested a recurring spend of $500 on each of X, Y & Z, and X is subsequently delisted, then your Specified Plan will remain $500 for each of Y & Z (total $1000), and the $500 previously allocated to acquire X will not be spent).
If at any time you do not wish for your Specified Plan to continue, then you must amend, suspend or cancel that Specified Plan. It is solely your responsibility to ensure the suitability of your Specified Plan on an ongoing basis.
6.4 Cancellation or Suspension of a Specified Plan.
a. You may suspend or cancel a Specified Plan at any time prior to a Recurring Conversion Date. In order to do so, you may follow the instructions provided here.
b. If a Scheduled Conversion fails (irrespective of whether due to insufficient balance in the Designated Account, a rejection of the corresponding Trade Request by Binance, or otherwise), your Specified Plan will continue, and Binance will attempt to complete the next Scheduled Conversion in accordance with that Specified Plan, provided, however, that if such attempts to complete a Scheduled Conversion repeatedly fail (according to the schedule below), then the corresponding Specified Plan will be automatically suspended.
6.5 Simple Earn Election.
a. In accordance with clause 5 (Settlement of Conversions) above, Recurring Conversions will be credited to your Designated Account by default.
b. Notwithstanding clause 5, where a purchased Virtual Asset is eligible (as determined by Binance in its sole discretion and as indicated on the Platform from time to time), you may elect in your Specified Plan for such purchased Virtual Assets to be transferred into your Simple Earn Account where they will be subscribed to “Flexible Simple Earn” and earn Simple Earn Rewards in accordance with the Binance FZE Simple Earn Terms (as amended or supplemented from time to time in accordance with its terms, the “Simple Earn Terms”). By making such an election in your Specified Plan, you confirm that you have read and understood, and agree to be bound by the Simple Earn Terms.
c. Binance reserves the right to reject any request to credit the purchased Virtual Assets to your Simple Earn Account for any reason, including, without limitation, where there are restrictions on your eligibility to participate in a Simple Earn Account. If your request to credit the purchased Virtual Assets to your Simple Earn Account is rejected, then those Virtual Assets will instead be credited to your Designated Account.
6.6 Portfolio Matching Services.
a. In selected jurisdictions, Binance may offer you Recurring Conversions in respect of Portfolio Matching Services.
b. If you elect to participate in Portfolio Matching Services, you may be required to include the following additional information in your Specified Plan:
i. the Preset Portfolio that you would like to Replicate on an ongoing basis;
ii. the frequency of such Recurring Conversions (for avoidance of any doubt, each will constitute a Scheduled Conversion and, with respect to each such Scheduled Conversion, the scheduled date of that Scheduled Conversion shall constitute a Recurring Conversion Date); and
iii. the quantity of Recurring Conversion Portfolio Assets that should be spent or acquired in connection with each Scheduled Conversion.
c. Binance may elect to cease offering Portfolio Matching Services for any particular Preset Portfolio at any time. Cessation of Portfolio Matching Services with respect to any particular Preset Portfolio will not affect existing Specified Plans, which will continue until cancelled or suspended in accordance with these Convert Service Terms, subject to modifications to your Specified Plan, as described in clause 6.3 (Modifications to a Specified Plan). If you do not wish for your Specified Plan to continue, then you must amend, suspend or cancel that Specified Plan. It is solely your responsibility to ensure the suitability of your Specified Plan on an ongoing basis.
7. Binance Discretion. Binance has the exclusive authority to determine which Virtual Assets and trading pairs are supported on the Platform and are available for the purposes of Conversions, and Binance may add or remove support for trading pairs (or determine to delist Virtual Assets) from the Platform in its sole discretion, from time to time, with or without prior notice. Binance may also change the supported order size available for a Conversion with respect to a particular trading pair. Binance shall have no liability to you in connection with such additions, removals or amendments.
8. Disclosures and Confirmations.
a. You hereby acknowledge, confirm your understanding, and agree that:
i. Conversions are at your risk and own initiative - You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur with respect to, or otherwise in connection with, any Conversion, Recurring Conversion or any other use of Convert Services;
ii. Off market price; Quoted prices may not be the best price available on the Platform - Binance quotes Conversion prices for its own account dynamically, taking into account, amongst other things, prevailing market conditions. The quoted prices for Conversions may vary from time to time. Pricing provided by Binance in respect of any Convert Order is strictly an off-market price, and may not be the best available price in the market or on the Platform;
iii. Change in supported trading pairs, product features; Virtual Asset de-listing - Binance has the right in its sole and absolute discretion to adjust product features, to adjust the supported trading pairs and/or to de-list Virtual Assets from time-to-time. There is no guarantee or assurance that any particular product feature, trading pair or Virtual Asset will continue to be supported;
iv. You are responsible for the ongoing suitability of your Specified Plans - It is solely your responsibility to ensure the suitability of your Specified Plan on an ongoing basis, and to monitor for any changes to product features or the availability of supported trading pairs or Virtual Assets on the Platform in connection with the standing requests in your Specified Plan, as well as any modifications that may be made to your Specified Plan by Binance from time to time. Binance shall have no liability to you in connection with any such additions, removals, modifications or amendments. If you do not wish for your Specified Plan to continue at any time, then you must amend, suspend or cancel that Specified Plan;
v. Binance is your counterparty; Binance has discretion - Binance is your counterparty on all Conversions, and has discretion to accept or reject Trade Requests or to refuse to provide a quotation. Binance reserves its right to refuse any deemed Trade Request relating to a Scheduled Conversion pursuant to any Specified Plan. There is no guarantee that Binance will accept any transaction proposed or scheduled by any Specified Plan;
vi. Timing and Sequencing of Scheduled Conversions; Locked balances - Where you use a Specified Plan to request Recurring Conversions, the time at which each resulting Recurring Conversion may be accepted and settled will be determined by Binance, and may vary. In addition, in respect of each Scheduled Conversion, Binance is authorised to lock the requisite Virtual Assets or Fiat Currency in your account as may be required to settle that Scheduled Conversion, and the time at which such lock will be applied will be determined by Binance, and may vary. You will not be able to transfer or deal in Virtual Assets or fiat balances that have been locked for this purpose; and
vii. Auto-Split - Auto-Split may be applied to larger transactions, and this may have an impact on the time that it takes Binance to process settlement of a Trade Request. Some portions of the Trade Request may be settled immediately, while others may take more time. If you cancel the Trade Request prior to settlement being fulfilled, this may result in a partial settlement of that Trade Request, which cannot be unwound or reversed.
The above description of risks is not exhaustive, and merely serves as a summary overview of some (but not all) of the risks that may result from entering into Conversion transactions. Please also refer to the Risk Warning for a summary overview of some (but not all) of the risks that may result from investing in Virtual Assets.
b. Neither Binance, nor any affiliate or representative of Binance, makes any representation or warranty that the Convert Services nor any particular Conversion is appropriate (i) for any user or in any location, nor (ii) that the transactions and services described in these Convert Service Terms are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these Convert Service Terms and to seek independent professional advice as to whether these services and any particular Conversion is appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance.
c. By accepting these Convert Service Terms, you hereby unconditionally and irrevocably;
i. confirm that you understand, accept and assume full responsibility for participating in one or more Conversions together with any and all associated risks with such transactions, including without limitation the risks described in sub-clause (a) and the Risk Warning;
ii. confirm and agree that you bear full responsibility for ensuring that the Convert Services are suitable for you, taking into account your own financial objectives and circumstances, and you shall be solely responsible for any profit or loss sustained in connection with your use of the Convert Services and any investment in Virtual Assets, and you further confirm that you have carefully assessed whether, and determined that, each Conversion is appropriate for you;
iii. confirm your understanding that Convert Instant Orders, Convert Limit Orders and Recurring Conversions are not market orders and that Binance does not act on your behalf; and
iv. you further confirm, acknowledge and agree that you are not relying on Binance in any way to protect your interests in relation to pricing nor any other aspects of execution of any transactions pursuant to, or otherwise in connection with, the Convert Services.
d. It is recommended that you conduct independent research into different Virtual Assets prior to using Convert Services and that you take steps to ensure you understand the risks associated with the trading of Virtual Assets.
9. Pricing.
a. All prices offered or quoted by us are provided and determined by Binance in its sole discretion and for its own account. Prices will be determined by Binance based on a number of factors and components, including the short-term volatility and trading volume of the relevant Virtual Assets and/or Fiat Currency. You acknowledge that any price provided by Binance may be inclusive of a mark-up determined by Binance in its sole discretion to be appropriate for the relevant Transactions.
b. Prices are proprietary in nature and prices made available by Binance may differ from other prices provided for the relevant Virtual Assets elsewhere on the Platform or by other providers. We do not guarantee that our prices will be the same as, or better than, prices available elsewhere.
c. Prices are subject to constant change and whilst Binance seeks to provide prices that are up to date, circumstances may arise where prices provided are invalid by the time that a Trade Request is received by Binance in relation to that price. Binance shall determine how long prices remain valid in its sole discretion. Any Trade Request submitted in relation to a price that is no longer valid will be rejected.
d. You acknowledge that the prices are provided solely for your use of the Convert Services and you may not communicate or otherwise use the prices for any other reason without the prior consent of Binance, unless otherwise provided herein.
10. API Connections. If you are accessing the Convert Services pursuant to an API connection provided to you by Binance (a “Binance API Connection”), you acknowledge and agree as follows:
a. Binance supports the submission of Convert Limit Orders and Convert Instant Orders through a Binance API Connection;
b. Binance may change the endpoints of any Binance API Connection from time to time and/or may change the settings of any Binance API Connection, including to impose any particular trading limits and/or minimum order amounts with respect to your use of Binance Convert, in each case at any time for any reason in its sole discretion and shall not be obliged to provide any prior notice to you of any such change;
c. Binance may restrict or terminate a Binance API Connection at any time for any reason in its sole discretion, for example, including (but not limited to) where Binance suspects that you are using the Binance API Connection for the purposes of price arbitrage, market manipulation or is otherwise exploiting pricing provided by Binance via the Binance API Connection for the purposes of gaining a market advantage, and Binance is not obliged to provide any prior notice to you of any such restriction or termination or any reason therefor;
d. a Binance API Connection is provided “as is” and is used by you entirely at your own risk. Binance shall not be liable for any error, malfunction, or unavailability of any Binance API Connection or any losses incurred by you or any third party in connection with the use of (or inability to use) any Binance API Connection;
e. if you are redistributing any prices provided by Binance through a Binance API Connection, whether in relation to the Convert Services or otherwise, Binance shall not be a party to, nor have any obligation with respect to, any transaction entered into by you with any third party (including any of your customers) on the basis of a price provided by Binance. You shall be solely responsible for your transactions and relationships with third parties (including, without limitation, your own customers), including, without limitation, any obligations or duties arising under Applicable Law. To the extent that you apply any mark-up or spread to prices received from Binance for the purposes of trading with your customers, you shall be solely responsible for determining the amount of and appropriateness of any such mark-up or spread and Binance shall have no involvement with, or liability in relation to, any such decision or other decisions regarding transactions between you and any customer of yours or other third party. Unless otherwise agreed by Binance in writing, you shall not identify Binance as the source of any prices provided by you to any third party (including, without limitation, your own customers) nor use the name “Binance” or any logo or symbol of Binance in your own marketing, communications with third parties, websites or for any other purpose; and
f. your use of a Binance API Connection is subject to the Binance FZE API Service Terms.
11. Corrections. Binance may rectify any Manifest Error in any Transaction(s) at any time, and reserves the right to void, cancel or reverse any Transaction(s) involving, or deriving from, a Manifest Error, or to amend such Transaction(s) to reflect what we reasonably consider to be the correct or fair details of the Transaction.
12. Fees. No additional fees apply to Convert Services. When you preview a Conversion, the quotation will show the actual amount you will receive in your Binance Account.
13. Disputes, Governing Law, Jurisdiction and Arbitration. For the avoidance of doubt, Clauses 33 (Notice of Claim and Dispute Resolution Period), 34 (Agreement to Arbitrate), 35 (Governing law) and 36 (Class action waiver) of the Terms shall apply to any disputes or claims relating to, arising out of or in connection with these Convert Service Terms, including your assent to these Convert Service Terms.
14. Translations. This document may have been translated and published in different languages. In the event of any inconsistency, misstatements, omissions, or errors appearing in any translated version, the English version shall prevail.
15 Definitions.
“Auto-Split” has the meaning given to that term in clause 5(c).
“Binance” has the meaning given to that term in clause 1(e).
“Binance API Connection” has the meaning given to that term in clause 9 (API Connection).
“Binance Services” has the meaning given to that term in the Terms of Use.
“Conversion” has the meaning given to that term in clause 3 (Convert Services).
“Convert Instant Order” has the meaning given to that term in clause 4.1 (Conversion Order Types).
“Convert Limit Order” has the meaning given to that term in clause 4.1 (Conversion Order Types).
“Convert Services” has the meaning given to that term in clause 3 (Convert Services).
“Convert Service Terms” has the meaning given to that term in clause 1(a).
“Convert Quote” has the meaning given to that term in clause 4.2 (Convert Instant Order).
“Designated Account” has the meaning given to that term in clause 6.2(a) (Specified Plan).
“Down Period” means any interval when the Platform is inaccessible or out of service, including, but not limited, to instances of technical issues, scheduled or emergency maintenance, or other events affecting service continuity.
“Platform” means, for the purposes of these Convert Service Terms, the digital platform made accessible via any website, page, feature, or content owned or operated by Binance, any mobile application developed or provided by Binance or any Binance API Connection made available to you or any third-party application relying on such Binance API Connection or by such other means as Binance may prescribe from time to time for the use of Convert Services.
“Portfolio Matching Service” means the Binance Service where you provide standing requests to Binance to acquire a Preset Portfolio through Recurring Conversions in accordance with a Specified Plan and these Convert Service Terms.
“Preset Portfolio” means a portfolio of Virtual Assets as described by Binance on the Platform as at the date and time that the related Specified Plan is submitted.
“Recurring Conversion” has the meaning given to that term in clause 3 (Convert Services).
“Recurring Conversion Date” has the meaning given to that term in clause 6.2(a) (Specified Plan).
“Recurring Conversion Portfolio Assets” means the type of Virtual Assets or Fiat Currency that are to be spent or acquired by you in order to Replicate a Preset Portfolio, as detailed in your Specified Plan.
“Replicate” means undertaking all necessary Conversions so that the composition of Virtual Assets acquired matches, as near as possible, the composition of a specified Preset Portfolio.
“Risk Warning” means the general risk warning published by Binance available here, as amended, supplemented or replaced from time-to-time.
“Scheduled Conversion” has the meaning given to that term in clause 6.2 (Specified Plan).
“Simple Earn Account“ has the meaning given to that term in the Simple Earn Terms.
“Simple Earn Terms” has the meaning given to that term in clause 6.5(b) (Simple Earn Election).
“Simple Earn Rewards“ has the meaning given to that term in the Simple Earn Terms.
“Specified Plan” means a standing request submitted by you to Binance to enter into Recurring Conversions in accordance with these Convert Service Terms.
“Terms of Use” has the meaning given to that term in clause 1(a).
“Trade Request” has the meaning given to that term in clause 4.2 (Convert Instant Order).
