Binance exchange has always tried to give the best facilities to its users. This is the biggest reason why this exchange is among the top exchanges in the crypto world, and its users are also very high as compared to other exchanges.
Its obvious that when you provide more facilities to your users then surely interest from other side will also increase. That is the same case with Binance which has a high number of users using binance exhange.
Today I found out that Binance has now made limit conversion zero charges, and that too on live prices. There is no price gap or anything instead, the limit conversion will convert instantly, and that too without any fee or commission.
Before this, Binance had made the BTC/USDT pair commission fee totally free, which was very interesting for traders. If someone wanted to earn even 0.1% profit, they could easily do it. Because when there is no commission fee, every kind of trading becomes easy.
Today I will discuss with you about the convert option, and how you can easily trade without any fee or commission. Along with that, there are also recurring and instant options, which totally depend on the user what kind of conversion they want.
For example, if you want to trade and want to set the price as per your own will, then the limit option is the best, and it also has zero trading fee. One benefit is that you can do chart analysis and place buy and sell bids.
The second option is instant, or to convert on the market rate. Here, you will have to pay fees, and you may also have loss on instant conversion. The instant option is necessary when you need urgent cash. That means it’s not good for trading.
The last option is recurring, where you can select different pairs. For example, from USDT, you can select up to 10 coins, which will convert according to your set time frequency. This depends on when you set the conversion time.
The best option is limit conversion, which is zero fees, and along with that, you can set your own limit price for ask or bid. For example, I want to not buy Bitcoin at current price, but wait to buy it at my desired price—so I will simply set a bid and wait. If BTC comes down, then the order will be filled; otherwise, not.
This is the method of conversion which can be used with any pair. This is a facility for traders so that along with spot trade, they can also use the convert option. Every option has its own demand for the users and it depends what is the need for that time. I hope this information will be very useful for you.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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