How to Use Binance Convert | Binance Support (2024)

Website

App (Lite)

App (Pro)

Website

Binance Convert is a simple tool for you to buy or sell cryptocurrencies with just a few clicks. It supports a wide range of assets and over a few thousand pairs, including fiat currencies. You can easily convert any amount of token to another from as low as 1 USD.

You can get a Binance Convert quotation instantly on the website or App. The conversion price will be based on the current market conditions with zero additional fees. You can get more competitive quotes for large orders than buying or selling on the Spot market.

How to use Binance Convert on the Binance website?

Before you start, make sure your Spot or Funding Wallet balance is sufficient to cover the order amount. If your balance is insufficient, check out our guides on purchasing, depositing, or receiving crypto.

1. Log in to your Binance account and go to

[Trade] - [Binance Convert].

How to Use Binance Convert | Binance Support (1)

You may also access Binance Convert from your Fiat and Spot Wallet.

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2. Choose either a market or a limit order to convert your assets.

  • [Market] executes the conversion at the current market price.
  • [Limit] executes the conversion at the limit price you set. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

You may use the funds in your Spot or Funding Wallet. Click [Spot wallet] to switch to [Funding wallet] and vice versa.

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Market order

3. Go to the [Market] tab and select the tokens to convert. For example, converting USDT to BNB. Enter the amount of USDT to use, or click [Balance] and the system will automatically enter the maximum available amount you can use. Click [Preview Conversion].

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4. You’ll see the amount you can receive. If you’ve happy with the rate, click [Convert] to confirm your order. Please note that the quote will automatically refresh after some time to reflect the latest market price, and the amount you can get will be updated.

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5. The transaction will be processed immediately. The converted token will be distributed to the selected wallet.

  • To view the converted tokens, click [Go to Wallet].
  • To check the trading statistics of the token you just converted, click [View More].
  • To use Binance Convert again, click [Trade More].
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Limit order

3. Go to the [Limit] tab and select the tokens to convert. For example, converting USDT to BNB. You’ll see the 24-hour performance of the trading pair on the left.

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4. Enter the amount of USDT to use, or click [Balance] and the system will automatically enter the maximum available amount you can use. You’ll see the amount you can get too.

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5. You may also set a duration for the conversion order by clicking the [Settings] icon.

For example, you set [30 days] for an order. If the limit price hasn’t been reached after 30 days, the system will automatically cancel the order. Please note that after placing a limit order, your order assets will be locked for the selected duration.

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6. Click [Place Order] and confirm the details on the pop-up. Click [Confirm Order].

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7. Your order has been placed on the order book waiting to be filled. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

To view your open order, click [Conversion History].

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8. To cancel an order, click [Cancel] next to it.

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To view your Convert order history, go to [Convert History].

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Binance Convert is a simple tool for you to buy or sell cryptocurrencies with just a few taps. It supports a wide range of assets and over a few thousand pairs, including fiat currencies. You can easily convert any amount of token to another from as low as 1 USD.

Let’s see how to place a Convert order on the Binance App Lite version.

How to use Binance Convert on the Binance App Lite?

Before you start, make sure your Spot or Funding Wallet balance is sufficient to cover the order amount. If your balance is insufficient, check out our guides on purchasing, depositing, or receiving crypto.

1. Log in to your Binance App and tap the yellow [Trade] icon on the homepage. Select [Convert].

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2. Choose either a market or a limit order to convert your assets.

  • [Market] executes the conversion at the current market price.
  • [Limit] executes the conversion at the limit price you set. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.
How to Use Binance Convert | Binance Support (17)

Market order

3. Go to the [Market] tab and select the tokens to convert. For example, converting USDT to BTC. Enter the amount of USDT to use and tap [Preview Conversion].

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4. You’ll see the amount you can receive. If you’ve happy with the rate, tap [Convert] to confirm your order. Please note that the quote will expire after some time. You can tap [Refresh] to get a new quote, and the amount you can get will be updated.

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5. Once confirmed, the transaction will be processed immediately. The converted token will be distributed to your wallet.

  • To view the converted tokens, tap [Go to Wallet].
  • To check the trading statistics of the token you just converted, tap [View More].

Limit order

3. Go to the [Limit] tab and select the tokens to convert. For example, converting USDT to BTC. You’ll see the 1-day, 1-week, and 1-month performance of the trading pair at the top.

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4. Enter the amount of USDT to use and the system will automatically calculate the amount you can get.

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5. You may also set a duration for the conversion order under [Expires in].

For example, you set [30 days] for an order. If the limit price hasn’t been reached after 30 days, the system will automatically cancel the order. Please note that after placing a limit order, your order assets will be locked for the selected duration.

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6. Tap [Place Order] and confirm the details on the pop-up. Tap [Confirm]. Your order will be placed on the order book waiting to be filled. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

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7. To view your open order, scroll down to [Open Orders].

To cancel your order, tap [Cancel].

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To view your Convert order history, tap the [History] icon on the top right and go to the [Convert] tab. You can view all completed and canceled orders here.

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Binance Convert is a simple tool for you to buy or sell cryptocurrencies with just a few taps. It supports a wide range of assets and over a few thousand pairs, including fiat currencies. You can easily convert any amount of token to another from as low as 1 USD.

Let’s see how to place a Convert order on the Binance App Pro version.

How to use Binance Convert on the Binance App Pro?

Before you start, make sure your Spot or Funding Wallet balance is sufficient to cover the order amount. If your balance is insufficient, check out our guides on purchasing, depositing, or receiving crypto.

1. Log in to your Binance App and go to [Trade] - [Convert].

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2. Choose either a market or a limit order to convert your assets.

  • [Market] executes the conversion at the current market price.
  • [Limit] executes the conversion at the limit price you set. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.
How to Use Binance Convert | Binance Support (27)

You may use the funds in your Spot or Funding Wallet. Tap [Spot wallet] to switch to [Funding wallet] and vice versa.

How to Use Binance Convert | Binance Support (28)

Market order

3. Go to the [Market] tab and select the tokens to convert. For example, converting USDT to BNB. Enter the amount of USDT to use and tap [Preview Conversion].

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4. You’ll see the amount you can receive. If you’ve happy with the rate, tap [Convert] to confirm your order. Please note that the quote will expire after some time. You can tap [Refresh] to get a new quote, and the amount you can get will be updated.

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5. Once confirmed, the transaction will be processed immediately. The converted token will be distributed to your wallet.

  • To view the converted tokens, tap [Go to Wallet].
  • To check the trading statistics of the token you just converted, tap [View More].

Limit order

3. Go to the [Limit] tab and select the tokens to convert. For example, converting USDT to BNB. You’ll see the 1-day, 1-week, and 1-month performance of the trading pair at the top.

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4. Enter the amount of USDT to use and the system will automatically calculate the amount you can get.

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5. You may also set a duration for the conversion order under [Expires in].

For example, you set [30 days] for an order. If the limit price hasn’t been reached after 30 days, the system will automatically cancel the order. Please note that after placing a limit order, your order assets will be locked for the selected duration.

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6. Tap [Place Order] and confirm the details on the pop-up. Tap [Confirm]. Your order will be placed on the order book waiting to be filled. Please note that even if the limit price is reached, there is no guarantee that your order will be filled.

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7. To view your open order, scroll down to [Open Orders].

To cancel your order, tap [Cancel].

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To view your Convert order history, tap the [History] icon on the top right and go to the [Convert] tab. You can view all completed and canceled orders here.

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How to Use Binance Convert | Binance Support (2024)

FAQs

How to Use Binance Convert | Binance Support? ›

How to convert crypto on Binance Convert? If you want to know how to convert crypto in Binance Convert, your first step will be to log in to your Binance account. Next, you'll need to deposit funds into your spot or funding wallet. Once your funds are ready, navigate to the "Trade" section and select "Convert".

How to make $100 a day on Binance? ›

🤑🤑Making $100 Daily on Binance Made Easy! 🤑🤑
  1. Step 1: Get Started on Binance. ...
  2. Step 2: Choose the Right Coins. ...
  3. Step 3: Develop a Trading Strategy. ...
  4. Step 4: Start with a Small Investment. ...
  5. Step 5: Practice Risk Management. ...
  6. Step 6: Stay Informed and Adapt. ...
  7. Step 7: Learn from Experience. ...
  8. Step 8: Patience and Persistence.
Dec 18, 2023

Is Binance Convert really free? ›

There are no fees for using Binance Convert. In Market mode, live prices are quoted based on current market conditions. The quoted amount of assets shown is the actual amount of assets you will receive in your account once the conversion is executed.

Why won't Binance let me withdraw USD? ›

Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.

Where is the convert option in Binance? ›

Go to the Convert: https://www.binance.com/en/convert page. Select the cryptocurrency you want to convert from the "From" field. Select the cryptocurrency you want to convert to from the "To" field. Enter the amount of cryptocurrency you want to convert.

How to earn free money with Binance? ›

Here are some avenues to explore:
  1. Referral Program: Binance has a referral program that rewards users for bringing in new traders. ...
  2. Binance Staking: ...
  3. Binance Launchpad: ...
  4. Binance Savings: ...
  5. Airdrops and Promotions: ...
  6. Binance Earn: ...
  7. Participate in Binance Competitions: ...
  8. Binance Affiliate Program:
Nov 23, 2023

How do I get free $100 on Binance? ›

Complete the registration process and verify your account. Once your account is verified, the $100 trading fee rebate will be credited to your account. You can start trading on Binance and benefit from the rebate by using it to offset your trading fees.

What is the easiest way to make money on Binance? ›

Trading: This is the most common way to earn money on Binance, and it involves buying and selling cryptocurrencies to profit from changes in their prices. Trading can be risky, but it can also be very profitable if done correctly. Staking: Staking is a way to earn passive income with your cryptocurrencies.

Why do I lose money when I convert on Binance? ›

Overleveraged trading: Some people trade cryptocurrencies using leverage, which means that they borrow money to invest more than they have. This can lead to significant losses if the market moves against them.

Why convert to USDT? ›

Why would I want to convert my crypto into USDT? Converting cryptocurrencies into Tether gives you an opportunity to store your funds in the form of a stablecoin, which helps you eliminate the effect of market volatility and fluctuations in the price of Bitcoin.

What is the difference between spot and convert? ›

What is the difference between convert and spot trading? Convert uses a quoting model, which differs from the traditional order-matching model used in spot trading, resulting in no transaction fees or slippage. As such, there is a price difference between the quoted price and the spot market price.

Why is Binance not allowed in US? ›

The suspension reportedly came a week after Binance's founder and former CEO Zhao, also known as CZ, pleaded guilty to charges of violating U.S Anti-Money Laundering policies on Nov. 21, 2023. In December 2023, a U.S. federal court subsequently accepted Zhao's guilty plea to one count of Bank Secrecy Act violations.

Why is it so hard to withdraw money from Binance? ›

Binance restricts withdrawals for various reasons, including abnormal user profiles, transaction patterns, operating behavior, devices, or environmental factors. For example, Binance may temporarily disable your account's withdrawals if you repeatedly send funds to a blacklisted address.

Can US customers still withdraw from Binance? ›

While Binance.US no longer supports USD services, you can still cash out by withdrawing your crypto to another trusted platform that offers USD services.

Can you convert Binance to cash? ›

To withdraw money from Binance to a bank account, you must first log in to your account. After you have done that, go to Wallet and click on Fiat and Spot. Doing that will take you to the page where you see the deposit, withdraw, and send options; then, select Withdraw.

How do you convert crypto to money on Binance? ›

To get started, you need to have a Binance account on and complete KYC verification.
  1. Set up your ad. Choose your preferred payment method, currency and the amount of bitcoin you are planning to sell.
  2. Place an order. ...
  3. Confirm the payment. ...
  4. Release your crypto.

How to convert crypto to cash? ›

Here are five ways you can cash out your crypto or Bitcoin.
  1. Use an exchange to sell crypto.
  2. Use your broker to sell crypto.
  3. Go with a peer-to-peer trade.
  4. Cash out at a Bitcoin ATM.
  5. Trade one crypto for another and then cash out.
  6. Bottom line.
Feb 9, 2024

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