Binance Convert is a platform made to facilitate conversions of your Crypto into Fiat and vice versa. The main attraction is the simple user interface, quick settlements and ease of access. Stablecoins and fiat alternatives, in addition to almost all the crypto assets listed on binance.com, can all be converted.
Within a few clicks, users may choose the asset they want to convert, the cryptocurrency or fiat they want to convert to, and review the current price. The conversion is determined based on current market conditions at the precise time the request is made, thus the quote will only be visible for a brief period of time. The converted cash or cryptocurrency will show up in the users' Spot Wallet once the quote has been verified.
Step 1: Visit Binance Convert
Go to Trade in the top left corner of the homepage of the Binance website, then select Convert.
Step 2: Choose the tokens you already own and the ones you want to purchase. You have the option of entering the number of tokens you want to obtain or use.
Step 3: Click Preview Conversion. The pricing estimate for the transaction you are considering will then appear. You only have 5 seconds to accept this price. In case the five seconds have passed, you can get the new price by clicking Refresh.
Step 4: Select Convert. You will see the cryptocurrency you purchased in your Spot Wallet after the transaction, which takes less than a second.
Binance has described the platform as a less expensive substitute for spot trading. The easy-to-use function Binance Convert effectively provides a smooth on and off ramp for consumers who want to convert their crypto holdings.
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