We all hate that moment when we have a small fraction of a coin and we cannot move it because the fees would never be covered with the amount we have. Well, that thing that happened to most of us may have an end. Binance allows users to sell their dust and receive Binance Tokens (BNB) instead.
Dust to BNB
Binance is one of the most important cryptocurrency exchanges in the world. In a very short period of time, it was able to become the first crypto in the market by trading volume. At the moment of writing this article Binance is managing $3.8 billion dollars in the last 24 hours. The most important trading pairs are BTC/USDT, TRX/BTC, and EOS/BTC, accounting for 33% of the total trading volume.
But if we have been using exchanges and virtual currencies, we know that sometimes we have some few coins that cannot be moved from there. The fact is that the fees to move those coins are higher than the coins we have.
That’s the reason why, Binance is now allowing its users to easily change all the dust they have for the famous Binance Token. The exchange is incorporating new features and becoming more and more popular.
This was a very awaited feature due to the fact that there are hundreds of investors that would not like to see their coins disappear. At the end of the months, these numbers could be significant for some individuals. Moreover, this will allow people to have a first contact with the BNB token that is expected to be the native virtual currency of the future decentralized exchange that Binance is working in.
In order to exchange the dust to BNB, you will have to enter to “Funds” > “Balances” and then select the coins you want to exchange for BNB tokens. Once you have selected them, the next step will be to click the “Exchange” button and then confirm.
As mentioned before the process can only be done once per day and only to the BNB token.