How to Use Binance Convert

2021-03-17 13:41

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 including fiat currencies.

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 additional 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 depositing crypto or depositing JPY to deposit your funds.

1. Log in to your Binance account and click [Buy & Sell] from the navigation bar.

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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 choose to use the funds in your Spot, Funding or Earn Wallet.

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Market order

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

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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.

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

  • To view the converted asset, click [Go to Wallet].
  • To check the trading statistics of the asset 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 asset to convert. For example, converting BNB to JPY. You’ll see the 24 hours, 1 week, 1 month performance of the trading pair on the left.

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

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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.

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

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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].

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8. To cancel an order, click [Cancel] next to it.

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To view your Convert order history, go to [Convert History].

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