How to Convert Binance Dust into BNB?

How to Convert Binance Dust to BNB?

Do you have small fragments of tokens on your Binance exchange, which are too small to trade or withdraw? In this guide, I will show you how to convert Binance dust into BNB tokens. Once your “Dust” has been converted into BNB, you can exchange your BNB into your favourite cryptocurrency.

What is Binance?

Binance is the largest cryptocurrency exchange in the world and was founded by Changpeng Zhao. Zhao’s company Beijie Technology created Binance Exchange following a successful ICO in 2017, that raised $15 million.

Binance is a beginner-friendly exchange offering users super-low trading fees and a larger number of tradable tokens. They continue to add features such as Binance Earn, BSWAP and their own BNB token and network Binance Smart chain.

Binance Sign-up Bonus

What is Binance Dust?

Binance Dust refers to a balance valued less than 0.00000001 BTC and is classed as a small balance. Most cryptocurrency exchanges will have a minimum trade requirement and these small balances are unable to be traded or transferred back to a wallet. Fortunately, Binance allows users to convert their dust into BNB.

How to Convert Binance Dust into BNB?

The process to convert your Binance Dust into BNB is pretty simple, I will provide a step-by-step guide below or you can check out our video tutorial.

  1. Sign-in to Binance
  2. Go to “Wallet” & then “Fiat & Spot
  3. On the “Fiat & Spot” page, click the yellow text “Convert Small Balance to BNB
  4. Highlight the tokens you would like to convert. Then click “Convert
  5. Your estimated BNB value will be shown. If you’re happy you can “Confirm
  6. Converting Dust on Binance can be done once every 24 hours
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Where does ‘DUST’ come from?

When trading on Binance exchange you can only trade whole Crypto coins as opposed to fractions of a coin. Once the trade has been confirmed Binance will take away their trading fees and this will cause you to have fractions of untradeable crypto. You may also receive tokens via airdrops. Also holding the likes of NEO on an exchange will generate NEO GAS.

What is Binance Dust?

Why Should I Convert ‘Dust’?

Binance will now convert all your small crypto balances ‘DUST’ and convert them into BNB tokens for a small fee. You can either HODL or convert it into a cryptocurrency of your choosing, such as Bitcoin, Ethereum, etc.

Binance Dust BNB
Binance Conversion Fee

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