The exchange is amazing, i love trading there but it had one irritating thing - if you had some coins worth less than minimum trade you were stuck.
Sometimes ie withdrawal fee of something was more than coin itself, yet you couldn't do anything with it.
The more you trade the more dust you are getting and it was a problem since browsing coins became boring due to all the dust.
Today they finally listened to users and added an option to change dust into BNB (their native token automatically).
BNB Markets
Since Binance is one of the biggest exchanges in the world i suggest to get some BNB when trading there. Not only fees will be cheaper but also the coin keeps raising in price.
The Function
Go to your balances and you will see it on top.
Now this will take all balances worth less than 0.001BTC and let you auto change them to BNB.
Of course tick ones you wont buy, since you will lose this margins that may help someday.
Binance Markets
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Was just speaking with a friend about this. I had so much dust from my referrals it was maddening.
I’m glad that it will no long go to waste. And used for something. Binanace listens to its users and deliver.
lets get ZEN there :)
hells yeah they do! good on them!
wow this is great for a trader. getting a dust of a coin is somewhat annoying. I can see a bright future in Binance on the upcoming years for putting so much value to their exchanger. Great post @kingscrown
Great to know about this new feature about binance. I think most other binance-like exchanges e.g. Bibox ,kucoin etc Will follow 😎
Greeeeee8
smart move !
Its very good news, it seems like crypto just woke up from a long winter hibernation lol
It is never an idea, technology, market forces, or access to capital that makes a Binance innovative. What differentiates Binance from an average exchange is the people working inside the company.
Thanks you for your interest sharing your experience.
Better to avoid mistakes.@kingscrown I found your post is helpful.
What happened with the stolen funds from 1 or 2 months ago?
Did it end good for the customers, or ended good for the hackers/workers?
The Binance hack was mainly an issue for the people who used the API as the Binance staff mentioned here on reddit
Later their CEO Changpeng Zhao had announced that all affected trades were reversed and the outcome was negative for the hackers as in the end they lost funds instead of gaining them. For some reason I couldn't find the tweets, but here is an article outlining the points in the tweet that I could find
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Holy shit! Sorry for the profanity but I thought all that dust was going to go waste. At least this would take care of it.
Binance rocks!.......................most of the time:-)
Awesome news! Binance is the best!!
What a legendary exchange. Always on the move to Crypto friendly nations and now the ultimate feature that every exchange should have. Either allow for trade amounts down to the satoshi or pay us for the locked up funds.
Sounds like a really interesting feature. I have loads of dust on other exchanges and it’s annoying g to not be able to do anything with it!
Awesome! Cheers mate!
0.001 BTC is big money for me,far from dust.
This goes to show that Binance is in it to win it
@marvidean Yes I am thinking the same as you.
I still don't understand binance per se but I am willing to give trading there a chance.
Thanks for the update
I find your post helping more especially people like us who were in the dark before on Binance. Thanks for this valuable post.
This is such a great idea and so very useful! I have so many coins that are considered "dust" that have just been hanging out for a while. This function will be a great utility for so many users. Kudos to you for sharing such valuable info!
Ivy
I saw your posting well.
My friends are also using Binance a lot.
I am a Korean person and still use the Korea Exchange. I will try it later.
I am introducing Korean food.
It is my goal to introduce Korean food to the world.
I would appreciate it if you come to my blog.
Have a good day ~ !!!
Nice this is pretty sweet!
I read about it this morning and went to try. Probably did something wrong and now I have to wait 24 hours before it will let me try again. I think people who trade lots of coins/tokens on binance are happy to see this nifty feature.
thanks, your post! have a nice day.
Nice!!! This is such a relief. Thank you for sharing
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I am so happy to hear this!
Binance has been a great exchange. I have no complaints.
Thanks for the update! Gots tons of dust there 😂 🤣
I also come across same issues there, I love binance it making me getting more exposed to all other coins thanks for sharing.
This is great, gonna get rid of some dust now.
Finally an option!
yes good think in work bitcoin eth ltc
damn that is Awesome!
damn that is Awesome!
It's great news! It was irritating since the beginning...
Brilliant, nice to see an exchange listening to the users and allowing them their few $ back
about time ! thanks CZ
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What a great feature! The complete opposite of what you get at HITBTC, there are like the name replies crypto hitmen, to trade you need a high minimum, to transfer out they charge an arm and a leg, so much DUST accumulated there, they should call themselves Den of thieves!
All that dust adds up :)
Great post, @kingscrown .
Not only the "dust" but also all the small crumbles of "Forks and Sporks" I think we will see exchanges that pride themselves with committing to giving their costumers all coins created after "Forks & Sporks".
As of now, its a jungle. Exchanges, vaults and other services that guarantee that you receive what is rightfully yours will have a great competitive advantage.
Thanks you for your interest sharing your experience.
Better to avoid mistakes.
This is an amazing feature. Finally. I have dust from referrals, left over from selling, or just fractions of coins left after withdrawing. This is a long awaited feature. Loving what Binance is doing.
Great news!! I was bit mad to binance receltly discovered kucoin where u can trade with very small amouts(like i had les than1$ and i can trade in there) but i hobe binnace will add staking in there too, becese kucoin alredy have it...(im collect GAS from Neo right in kucoin wallet) :)
that was a nikce surprise!
I had no idea we can now do that. Thanks 4 the info!
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