Binance is one of the Top Cryptocurrency Exchanges in the World and there is no doubt about that. They have a 24 Hour Trading Volume which is close to 4 Billion USD which is no Joke.
Now if you have been using Binance for some Time you must have come across a Problem where you are unable to Withdraw or Trade if the total amount is less than 0.001 BTC and in some cases you have to pay a Withdrawal Fees which was larger than what you were Withdrawing.
In such cases, you had no other choices but to let those Coins stay in the Dust. But now Binance has come up with an Ingenius Idea. If you have many of such coins which you are unable to Trade or are Unable to Withdraw, you can just Trade those Coins for Binance Tokens. You just have to Hit the Convert to BNB Button and this will take all the Coins you have which are worth less than 0.001 BTC and Convert them to Binance Tokens. Plus you will also have the choice to choose which Coins you want to Exchange.
Why I call this as an Ingenious Idea?
There is a very simple Reason for me calling this Idea Ingenious. It's the fact that Binance Customers will be able to get Rid of the Dust Coins they had accumulated and on another hand, the Customers would be Buying more and more Binance Tokens which will drive the Price of the Tokens even Higher. So it's a Plus Plus situation for Everyone.
So what do you Guys think about this New Binance Function?
Do you Like it?
Disclosure: The links Provided above are my Referral Links and it will help me a little if you Signed using those Links and Traded on Binance.
Great idea for Binance, win win situation.
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@wf9877 would you like to Lease your SteemPower to me I will pay you weekly in SBD's.
I will make a Nice offer if you consider. Please Reply you might like my Offer.
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This is win-win situation for Binance as binance will be able to sell its tokens and also its users'faith will remain intact on this platform. However, this idea is very nice and will also be useful for its users and will also attract more users towards this platform.
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Yes that's why I said that this Idea is Ingenious as it's a Plus Plus Situation for Both Parties.
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Nice article, It's good to hear about such development. The difficulty of withdrawing has been a turn off for so many individuals, but with this encouraging development, Binance will become interesting once again. Thanks for sharing.
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Binance is currently the Talk of the Town.
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Didn't know about that yet.
I think it's a good new feature.
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I really think this Feature should be Implemented in every Exchange as I have many such Dust Coins in my Bittrex Exchange.
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OMG that's great :) ... good info
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This post has received a 5.66 % upvote from @boomerang.
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This is great! Especially when crypto prices go up it’ll be easier to withdraw money.
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Terimaksih atas informasinya
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Nice information
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Thanks for the info, @arunava!
I’ll sign up using your link.
🌈 Have a very happy day! 😄
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