Binance Allows Users Convert Crypto Dust Into BNB
The giant Binance let users convert crypto dust into BNB tokens. The announcement was made via Twitter on 23rd April 2018.
What is crypto dust?
You have probably heard that it’s impossible to trade crypto assets up to the last coins, given the fact that they represent a lower limit than the transaction fees. Crypto dust describes the fractional amount of cryptocurrency that remains in your wallet.
Users can convert crypto dust into BNB tokens
Binance has released a new feature that allows users to convert their crypto dust into tokens. Thus, each user who owns less than 0.001 BTC is able to transform it into BNB tokens. In this way, users will be able to trade their virtual funds entirely.
Binance is ranked 1st, with a traded volume of $ 3,060,460,400 for the past 24 hours, according to CoinMarketCap. The platform’s cryptocurrency is known as BNB. This is used to trade cryptocurrency via the Binance crypto exchange, giving users lower fees than they would obtain while trading other crypto assets.
How to convert crypto dust into BNB
At first, the conversion process might seem a bit difficult. Once you open the Binance page, look for a “Convert to BNB” button on your dashboard interface. All you have to do is login to your account, click on that button and follow the steps required by Binance. You are free to choose the crypto dust you want to convert.
You will get the notification of successful conversion above the page.
Users and followers of the Binance platform on social media have been amazed by the new feature. The new update presents a more innovative service than the latest crypto exchange proposal, which had some limits.