Instructions on how to convert dust on Binance

What is ‘Dust’?

‘Dust’ refers to a very small set of coins or tokens that are often neglected or ignored by users in cryptocurrency exchange. Bitcoin is divided into 100 million satoshis, which means that one satoshi is 0.00000000001 Bitcoin.

If the volume of bitcoin is less than a few hundred satoshis, it could be considered ‘dust’. These dust volumes are usually less than the fees required to trading between wallets.

When it comes to dusts, they are cryptocurrencies left over from the exchanges. Most exchanges have minimum trading requirements, which means that these small amounts cannot be traded.

However, Binance allows users to convert those coins into BNB. This is one of the ways to lower transaction fees on Binance that both new and old investors need to pay attention to.

Instructions on how to convert dust

Step 1: To convert into BNB, navigate to your [Wallet] and click on an account which has dust to convert.

Step 2: On the [Balances] tab, cick [Convert to BNB]. Here you can see if your coin is eligible to convert to BNB. The requirement for each dust is to have a value of less than 0.001BTC

Please note that this is only an estimate when conversion to BNB is made at the current market price at the exact time of conversion after clicking [Convert to BNB]

Step 3: Once you have clicked [Convert to BNB], a confirmation window will appear. Step 4: After you’ve confirmed that you want to convert your BNB, click the [Confirm] button and you’ll be moved to a page confirming your conversion is complete.

BNB conversions will appear in your account after completing this process and you can fully withdraw funds. This can be completed every 24 hours. You can view your conversion history by clicking on the [Conversion History] button.

Note: Coins that have been delisted will not be redeemable.

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