Binance Dust converts any small amount tokens to BNB and nothing gets lost

avatar
We all do different operations on cryptocurrency exchanges as selling, buying, trading, depositing or withdrawing. And when we are doing different operations we see that we end up with a lot of wallets collecting dust upon some small amounts of those cryptocurrencies. Binance went and solved this problem and you can now on such small wallets to convert them to BNB.

image.png

With that in mind I went into my Binance account and looked for dust wallets where the cryptocurrencies are no more of interest to me and that are in very small amounts. You can access that from your account -> Fiat & Spot Menu where you have the link to "Convert to BNB". You simply need to click it and it will take you to the "Dust" page.
image.png

The Dust page displays all the assets which have low value and which you can swipe them for BNB. You simply need to select those that you want to convert to BNB either one at a time or multiple ones at once. I used to select multiple tokens at once because I felt it was much easier and allowed me to do the conversion just in one move. Also you need to pay attention to the statement from Binance against flooding the system with small and repeated operations.

You can convert balances with a valuation below 0.001 BTC to BNB once every 6 hours. It is not currently possible to convert delisted coins.
image.png

With this feature you can simply not leave any money on the table, convert everything to BNB and than put it to work through Staking, Launchpool, DeFi or other similar investment instruments built around the Binance cryptocurrency. I know that this might not be too much, but everything matters and while we experiment with different cryptocurrencies and have low balances, while we trade and we are left with small holding of that asset in the balance it is quite great that we can convert all that dust to BNB, gather it and put it at good use. I don't know about you, but I've already claimed the dust and now make use of new BNB tokens.

Posted Using LeoFinance Beta



0
0
0.000
12 comments
avatar

This is a great thing to get rid of coins that are not going anywhere. Just let the dustsweeper start and start earning with BNB on different opportunities it shows.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yeap, I want to try some BNB DeFi projects and cleaning up the dust from some of the crypto wallets and putting that together is quite great. And I simply hate to see in my account wallet all the small amounts everywhere :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

Now I've reminded myself that I have a byteball wallet somewhere that needs clearing :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

I saw this too and of course it is very useful. Unfortunately I don't have so many crypto currencies that have something in my wallet.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I tend to do Launchpool experimenting or Vault staking and sometimes get some cryptos that are just few or not interested anymore. In such cases getting some BNB instead is a good idea.

Posted Using LeoFinance Beta

0
0
0.000
avatar

true, I have accumulated something like 0.2 BNB 😜 thank you very much for the information 🙏

Posted Using LeoFinance Beta

0
0
0.000
avatar

My pleasure, sharing is caring and this is what this community is quite great. We learn something useful each day and we can put it at practice.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I've tried that, but it doesn't work for me.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Just did that minutes ago and there is a 6h cooldown period in between dust sweeping to BNB. Did you get any error message when trying to do that?

Posted Using LeoFinance Beta

0
0
0.000
avatar

I really like this feature. So annoying having a lot of small amounts of nothing sitting in your accounts that you can't do anything with. At least you can convert the Dust to BNB and pay some fees for trades!

Posted Using LeoFinance Beta

0
0
0.000