How to convert small token fractions to BNB in Binance?

in #cryptocurrency6 years ago

achievement-bank-bargain-730557.jpg

Did you ever wonder what to do with the small token fractions in cryptocurrency exchanges? Generally after trading, there are many left over portions which are not tradable! These balances are useless indeed. Binance is a leading cryptocurrency exchange and it is offering a new feature. Now you can convert all left over fractional tokens to BNB or Binance Coin which is a cryptocurrency built on Ethereum. Binance gives 50% discount in trading fees if you use BNB to pay trading fees and it becomes a good reason to hold BNB. Binance will also use 20% of its profit to burn 100 million BNB, which is half of the total amount of Binance Coin, in order to ensure steady value increase for all Binance Coin investors.

Here is the process for conversion:

1.Click "Funds" —"My Funds" then choose "Exchange into BNB".

46abe3d5cf3a3e940767cd322fbdf47e7590735f8479a14c820005c743ad135f.png

mceclip1.png
2.Convertible funds need to meet the below mentioned criterias:

A) Balance estimate available for single currency should be less than 0.001 BTC and greater than 0
B) Delisted Tokens can't be converted

3.Considering that price fluctuation will impact BNB's estimate value, system only prompts an estimated value as the conversion price. The final amount converted to BNB is calculated as per real-time market price at the time of execution of the redemption.

4.A single user can make exchange for small assets once in every 24 hours .

IMG_20180425_202409_185.jpg

If you don't have a Binance account, you can get it here:
https://bit.ly/2Fg5TSi

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62264.03
ETH 2431.11
USDT 1.00
SBD 2.50