1️⃣2️⃣. 2️⃣ Binance Convert – How to Buy and Sell Cryptocurrencies WITHOUT PAYING FEES in Conversion

📅 Publication: 06/03/2025

🎯 Objective: MAKE TRADES WITHOUT PAYING FEES!

Binance Convert allows you to convert cryptocurrencies instantly and without explicit fees. Unlike the Spot Market, where there are trading fees, here Binance includes a small adjustment in the price called SPREAD.

In this guide, we will show how to use the conversion on Binance to buy and sell cryptocurrencies without paying direct fees, and how conversion with limit order can ensure even more control over the price and NOT PAY A FEE and also NOT PAY SPREAD.

Here too, you have two operation models:

✅ Market Conversion (Immediate Execution) – Purchase or sale made at the moment, at the price offered by the system.

✅ Conversion with Limit Order (Scheduled Execution) – Scheduled purchase or sale at a price defined by you.

🔹 1️⃣ Market Conversion (Immediate Execution)

🔹 You select the currency you want to convert and the system presents a fixed price at that moment.

🔹 By accepting the conversion, the transaction occurs immediately.

💡 Pros:

✔️ Fast and easy: Intuitive interface without the need to understand the order book.

✔️ No explicit fees: There are no trading fees, only the spread embedded in the price.

⚠️ Cons:

❌ Embedded spread: The conversion price may be slightly lower than the actual Spot market price.

❌ Less control: You accept the price offered in the conversion, with no possibility of adjustment.

📌 What is spread?

The spread is the difference between the buying and selling price. In Binance Convert, this spread is already included in the final conversion price, allowing Binance to be compensated without charging an explicit fee.

🔹 2️⃣ Conversion with Limit Order (Scheduled Execution)

🔹 You define the exact price you want to convert.

🔹 The conversion will only be carried out if the market reaches that value.

📌 This model does NOT have a spread embedded in the execution, as the transaction only occurs exactly at the price set by the user.

💡 Pros:

✔️ Greater control over the price: You set the desired quote.

✔️ Automatic execution: If the price is reached, the conversion occurs without additional spread.

⚠️ Cons:

❌ Execution not guaranteed: If the price is never reached, the conversion will not be carried out.

📌 CURIOSITY:

Some options that I think about how Binance is compensated for services in this model WITHOUT CHARGING FEES OR SPREAD?

🔹 Internal liquidity: Binance may choose to execute the transaction in another market with a small price difference.

🔹 Hedging: Binance may choose to trade in parallel markets to balance operations.

• Binance Convert – How to use it and its features:

https://academy.binance.com/en/articles/what-is-binance-convert-and-how-to-use-it

🎯 Conclusion and Next Steps

✅ Now you know how Binance Convert works and can choose between market conversion (quick and simple, but with spread) and limit conversion (greater price control, no spread, but no guarantee of execution).

📍 Next Guide:

🔜 1️⃣3️⃣ How to use the OCO Order (One Cancels the Other) for automated trading.

📚 Want to learn more? Explore free content from #BinanceAcademy 🔗 https://academy.binance.com/en

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#CRYPTOFACIL (06/03/2025)