In this Binance video tutorial, I show you how to convert your small Crypto assets (also known as dust) into Binance's BNB Tokens, which can be held or converted into your favourite cryptocurrency.
What Is 'DUST'?
On the Binance Exchange 'Dust' is a balance valued less than 0.001 BTC and classed as a small balance, which can not be traded.
Where Has This 'DUST' Come From?
When trading certain coins on Binance 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 fractions of coins via airdrops and if you hold any NEO this will generate NEO GAS.
Why Should I Convert This 'Dust'?
Binance will now convert all your small crypto balances 'DUST' and convert it into BNB tokens for a small fee. You can either hodl or convert into a cryptocurrency of your choosing, such as Bitcoin or Ethereum.
What Is Binance?
Binance is an international multi-language cryptocurrency (digital asset) exchange service, founded in China by Changpeng Zhao. In July 2017, Binance raised $15 million dollars in an Initial Coin Offering (ICO) for its ERC20 BNB token. BNB has since soared from about 10 cents at ICO to $10+, giving it a market capitalization of over $1 billion. Its 1.4 million-transactions-per-second capability has attracted 6+ million users, making it the world's largest crypto-exchange. Binance’s trading volume is no longer dominated by China. Today, 38% of Binance’s users are in the U.S with its second-biggest market in Japan.
https://everybithelps.co.uk/binance-exchange-tutorial/
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♥ Louise Elizabeth (Crypto Lou) ♥
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