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Main TakeawaysMake the most of Binance Convert’s advanced features, including Convert Recurring, earn while you wait limit orders, and TP/SL orders. Build positions steadily using Convert Recurring. Schedule regular investments at a time interval that suits you.Put idle funds to work by earning rewards on assets reserved for Limit Orders.Automate profit-taking and risk management with TP/SL orders built into Convert.Discover the latest update to Binance Convert. Now you can implement a dollar-cost averaging strategy using recurring orders, earn rewards on assets you’ve reserved for a Limit order, and automate exits with Take Profit and Stop Loss (TP/SL) orders, It’s the same clean experience with more precision where it matters. Navigate the crypto market with confidence, without the complexity of charts and order books.What is Binance Convert?New to Convert? Here’s a quick breakdown of our simplest trading product.Binance Convert streamlines crypto trading into a beginner-friendly menu. It’s light on features by design for users who prefer a straightforward experience. All it takes is 3 steps to make a trade:Pick which assets you want to trade; start with as little as $0.01.Get a real-time price quote of the current rate.Check the quote and confirm the trade.Our latest update adds a plethora of advanced controls, without turning Convert into a full-on trading terminal. Let’s first dive into how you can optimize your investment strategy with recurring orders.DCA Effortlessly with Convert Recurring“Time in the market beats timing the market.” Instead of trying to predict when prices will peak or dip, many investors prefer to invest smaller amounts on a regular schedule.This strategy is known as dollar-cost averaging (DCA), a simple strategy that helps you build a position steadily and reduce the impact of timing mistakes.With Convert Recurring, DCA is easy to set and easy to stick with. Here’s a breakdown of what you can do with Convert Recurring:Maximum execution period: Choose how long your plan runs (weeks or months) so you  never “set and forget” beyond your comfort zone.Limit price ranges: Only execute within the price bands you define. Entry prices stay aligned with your strategy and risk tolerance.Capped investments: Set the total amount you want to allocate to your recurring plan Do a Test Run with the Convert Recurring Plan SimulatorBefore you start trading with real money, feel free to test run your plan with the Convert Recurring Plan Simulator.The Recurring Plan Simulator projects cost, potential PnL ranges, and how different settings could perform over time. Compare scenarios side by side—weekly vs. monthly, wide vs. tight price ranges, higher vs. lower caps. Finetune settings to match your goals and risk tolerance.Earn While You Wait with Convert Limit OrdersLimit orders traditionally reserve your funds until your target price is hit. Now, you can put those assets to work at the same time.When placing a Convert Limit Order, you can choose to have the reserved assets generate APR rewards through Flexible Savings:The assets are held in your Earn wallet and continue to accrue rewards while your Limit order is active.If the order fills, the system automatically redeems only the amount needed from your Earn wallet to execute the trade.If you cancel the order or it expires, your assets remain in your Earn wallet and keep earning until you decide to redeem or use them elsewhere.This way, you don’t have to choose between locking in your funds for a trade and putting them to work through our  passive reward products.Introducing Take Profit and Stop Loss for Convert Instant OrdersOnce you’ve entered a position, constantly watching price movements isn’t practical for most users. That’s where Take Profit (TP) and Stop Loss (SL) come in.With TP/SL embedded directly into Convert Instant Orders, you make the plan ahead of time. Choose a target price for your Take Profit to execute, and a Stop Loss to minimize risk if the move deteriorates.More importantly, TP/SL orders take the emotion out of trading. Instead of obsessing over every tick, you decide the profit you’re happy to take and the loss you’re prepared to accept.How to create a TP/SL order on Binance ConvertSetting your first TP/SL on Convert is simple:Step 1: Enable advanced settings for TP/SL by following the steps below: Step 2: Enter the Take Profit price you want the system to automatically lock in gains, and the Stop Loss price you want the system to close the position.Step 3: Preview the conversion quote and confirm the trade if you’re satisfied with the rate.👉 Set your first TP/SL order on Binance ConvertBinance Convert: More Precision, Same SimplicityEverything we’ve introduced fits seamlessly into the existing Convert experience. Just like it’s always been, there’s no charts, no order book, and no technical indicators to master.Open Convert today and try creating a TP/SL on your next order, or set up a recurring plan and run it through the Simulator. For users who like to place Limit orders on Convert, try enabling Flexible Savings for a simple way to earn rewards while you wait for your order to fill. 👉 Check out advanced features on Binance ConvertFurther ReadingWhat Is Dollar-Cost Averaging (DCA)? A Beginner’s Guide to Crypto InvestingTop 5 Binance App Widgets for Smarter Crypto TradingBinance Convert 2025 Guide – Trade Crypto Instantly