Asked by: Yolanda Prieto
Binance Convert is a service that allows users to instantly exchange one cryptocurrency for another within seconds. This feature powers the "Convert" function in the Binance app and serves as the primary method for purchasing cryptocurrencies in Binance Lite mode.
How Does Binance Convert Work?
In the Binance app:
- Navigate to "Operations" (center option at the bottom).
- Select "Convert" at the top-left (default app version) or in the pop-up window (Binance Lite mode).
What Are Binance Conversion Fees?
- Conversion: Zero fees.
- Deposits: No commission.
- Crypto purchases with card: Maximum 2%.
- Fiat deposits via bank transfer: 0.5%.
What Is "Convert to BNB" on Binance?
Binance enables users to convert small residual balances ("dust") from any asset into BNB in five clicks:
- Go to your Spot Wallet.
- Click "Convert to BNB".
Minimum Conversion Amount on Binance
You can convert dust (balances below 0.0012 BTC equivalent) to BNB every 6 hours:
- Log in → Wallet → Fiat and Spot.
- Click "Convert Small Balances to BNB".
FAQ Section
Q1: What’s the minimum investment for cryptocurrencies?
A: You can start with as little as $1—no minimum limits apply.
Q2: How do I swap USDT to BNB on Binance?
A: Use the Convert tool or trade USDT/BNB pairs in the Spot Market.
Q3: Are there fees for withdrawing Bitcoin from Binance?
A: Yes. The fee is 0.0005 BTC (minimum withdrawal: 0.001 BTC).
Q4: Can I convert ETH to BNB directly?
A: Yes. Use the Convert feature or trade ETH/BNB pairs.
Q5: How do I cash out crypto to fiat on Binance?
A: Sell crypto via P2P or Fiat Gateway, then withdraw to your bank.
Q6: What currencies does Binance support?
A: USD, EUR, GBP, AUD, and more. Stablecoins like USDT, BUSD, USDC are also supported.