Binance Convert is a convenient one-tap cryptocurrency swap feature that doesn't require navigating complex trading interfaces. Register on Binance to start using Convert, and download the Binance APP for quicker mobile swaps.
What Is Convert
Convert allows you to directly swap one cryptocurrency for another without placing orders on the trading market. Enter the amount and the system quotes a price automatically -- confirm and the swap is complete.
Steps to Use Convert
- Open the Binance APP and find "Convert"
- Select the coin you want to pay with at the top
- Select the coin you want to receive at the bottom
- Enter the swap amount
- The system displays the exchange rate and estimated amount received
- Confirm and tap "Convert"
- The swap is completed instantly
Advantages of Convert
- Extremely simple operation, ideal for beginners
- No need to understand order books and order types
- Supports swaps between hundreds of cryptocurrencies
- Instant execution with no slippage concerns
Convert vs. Spot Trading
Convert's exchange rate includes a spread, so the actual cost may be slightly higher than trading on the spot market. But it wins on convenience and speed. For small swaps, Convert works great; for larger trades, the spot market offers better pricing.