Binance Convert is a quick cryptocurrency swapping feature offered by the platform. No need to place orders on the trading market -- just one tap to complete a swap. You need to register on Binance to use it.
What Is Convert
Convert is a simplified trading feature launched by Binance. You simply enter the amount you want to swap, the system gives you a quote, and it's done instantly upon confirmation. The entire process doesn't require understanding concepts like placing orders or matching -- it's perfect for beginners.
Advantages of Convert
- Simple operation: Pick a coin, enter the amount, confirm -- three steps and you're done
- Zero trading fees: No additional trading fees are charged
- Instant settlement: Results are immediately reflected in your account balance
- Wide coin support: Hundreds of cryptocurrencies can be swapped between each other
How to Use It
- Open the Binance APP or web version
- Go to the "Trade" menu and select "Convert"
- Select the coin and amount you want to sell at the top
- Select the coin you want to buy at the bottom
- The system displays the exchange rate; confirm within 6 seconds to complete
Difference Between Convert and Spot Trading
Spot trading requires you to place or take orders from the order book, requiring an understanding of limit and market orders. Convert completely simplifies this process, though the conversion rate may differ slightly from trading directly on the order book. For small swaps, Convert is more convenient; for large trades, the spot market is recommended for better pricing.
Use Cases
The most common use of Convert is swapping USDT for other coins, or quickly rebalancing between different coins. After downloading the Binance APP, you can find the Convert entry right on the home page.