Frequently Asked Questions on Binance Convert

Binance Convert is a simple and intuitive tool that allows users to convert cryptocurrencies directly. Unlike traditional trading, where users must navigate order books, set limits or engage in trading strategies, Binance Convert simplifies the process by allowing direct exchange between different assets.

Binance Convert is particularly useful for beginners who may find traditional trading interfaces intimidating or for users who need a quick and easy way to trade their digital assets.

Start trading Convert here!

Binance users who have completed Identity Verification can use Binance Convert. Please log in to your account to access all functionalities, such as checking prices and confirming trades.

For more information on how to complete Identity Verification, click here.

Instant mode allows you to convert your assets at the current market condition based on the quoted price in the conversion.

Recurring mode allows you to automate crypto investments at regular intervals and grow your crypto holdings. Please refer to Question 4 for more information.

Limit mode allows you to convert your assets at a specified limit price, which Binance can execute at any time.

Please note that limit-mode order execution is subject to the quoted price, your specified limit price, market depth and liquidity, and thus it may not always get executed and filled even if the market price momentarily reaches or crosses your limit price.

You may switch to different modes by selecting from the tabs shown here:

Binance Convert “Recurring” allows you to automate crypto investments and grow your crypto holdings with zero fees.

It utilizes a dollar-cost averaging (DCA) investment strategy, which involves investing a fixed amount of assets at regular intervals. You can choose to purchase cryptocurrencies on the 1/4/8/12th hours, daily, weekly, bi-weekly, or monthly basis.

For Example:

1. If you wish to set up a recurring Convert trade every Wednesday at 00:00 (UTC+0) on a weekly basis, you can set it up under the [Frequency] tab with your preferences.

2. If you wish to set up a one-time-purchase Convert trade for USDT to 50% BTC and 50% ETH (1-to-multiple coin conversion), click [Select or Add Coin] to choose the preferred coin and allocation.

Please note that recurring prices are different from market prices on Binance Spot. All recurring transactions are conducted in accordance with the Convert Terms of Use.

The prices of the cryptocurrencies purchased will be recorded under [Orders] - [Convert History] - [Recurring History].

Binance Convert is linked to your Binance accounts Spot Wallet, Funding Wallet and/or Earn-Flexible Savings.

Simply start by selecting the preferred wallet as an available source of funding to start trading via Binance Convert. See step-by-step guide below:

1. Go to the Convert Homepage and select your preferred mode: [Instant], [Recurring] or [Limit].

2. Make sure your available balance is sufficient and select your preferred token pair for Convert Trade.

3. Click [Preview Conversion] to proceed.

4. Confirm trade details and click [Convert].

For step-by-step guide in other modes, click here.

To fund your wallet, refer to other useful guides here.

Funds will be deducted from wallets in the following order: Spot Wallet, Funding Wallet, then Earn-Flexible Savings.

If the previous wallet does not have enough balance, the system will automatically deduct the balance from the next wallet to complete the trade until the total traded amount has been deducted.

For example:

If you’ve placed a trade worth 300 USDC and have 200 USDC in Spot, Funding and Earn-Flexible Savings respectively, the system will deduct 200 USDC from the Spot wallet and 100 USDC from the Funding wallet.

Binance Convert pricing does not include traditional trading fees when converting cryptocurrencies.

In Instant Mode, Binance Convert quotes its conversion prices dynamically, taking into account market conditions at the time. As a result, the quoted prices for simple conversions may vary from time to time. When you preview a conversion, the quoted amount of assets shown is the actual amount you will receive in your account, and no additional fees apply.

The system will lock this quoted price for a short period to allow you to review it before deciding to confirm your Trade Request. There are no additional fees beyond the quoted price.

Recurring Mode allows you to automate crypto investments and grow your crypto holdings with zero fees. You may refer to question 4 for more information.

In Limit Mode, once your limit order is executed by Binance at the specified limit price, the assets will be converted exactly at the specified limit price.

Binance Convert is a simple tool for you to buy or sell cryptocurrencies without placing orders on the complex market trading interface. You can instantly convert your crypto or fiat assets anytime off-market with a competitive price quotation provided by Binance, with no additional fees.

Find out more about the benefits of Binance Convert and how to get started here.

You can find the comprehensive list of trading pairs available by clicking the drop-down list on the main Convert page.

Please note, the trading pair you are looking for may not be supported by Convert if it is not found on this list.

To confirm a trade, you must have the assets available in your Spot Wallet, Funding Wallet and/or Earn-Flexible Savings. For example, if you want to buy 10 BTC with USDC and the price per BTC is 10,000 USDC, you must have at least 100,000 USDC (in total) in the above-mentioned wallets to confirm the trade.

Trades are settled directly into your Spot Wallet, Funding Wallet and/or Earn-Flexible Savings, depending on your selected wallet. Settlement typically occurs immediately or in some cases, up to a few hours after confirming a trade.

The minimum and maximum trade amounts will depend on the coin/pair you trade. You can view the limits before entering the trade amount.

After logging in to your account, you can check your order history from [Orders] - [Convert History].

Please note that the maximum period for transaction history is 90 days.

Binance Convert allows you to swap old versions of tokens for new versions that, for example, may have resulted from project teams implementing a token swap or token migration. The old tokens can only be swapped to the new versions. If a specific old token is not listed, we currently do not support the conversion.

Please note that there is a daily limit on the amount of old tokens you can convert, which varies by the token. The limit refreshes at 00:00 (UTC+0) every day.

This happens when the transaction size exceeds the limit for instant settlement. This will require Convert to split the order into permissible amounts for settlement progressively.

Processing the entire order will take longer than usual, given the order size. During the settlement period, you may cancel the order; however, only the unsettled portion can be canceled. Any amount already settled cannot be reversed.

Yes, Convert trades are included in the spot trading volume calculation, except for old-to-new token conversions (for tokens that have undergone a token swap or token migration). It will be reflected in the calculation on the day following the trade.

When trading on Binance Convert, you are subject to the Binance Terms of Use and the Convert Terms of Use. You may also be subject to the localized versions of these terms if you are onboarded to local Binance entities. Should you have any questions, please contact Customer Service.