Binance Adds Long Awaited Function
The exchange is amazing, i love trading there but it had one irritating thing - if you had some coins worth less than minimum trade you were stuck.
Sometimes ie withdrawal fee of something was more than coin itself, yet you couldn't do anything with it.
The more you trade the more dust you are getting and it was a problem since browsing coins became boring due to all the dust.
Today they finally listened to users and added an option to change dust into BNB (their native token automatically).
BNB Markets
Since Binance is one of the biggest exchanges in the world i suggest to get some BNB when trading there. Not only fees will be cheaper but also the coin keeps raising in price.
The Function
Go to your balances and you will see it on top.
Now this will take all balances worth less than 0.001BTC and let you auto change them to BNB.
Of course tick ones you wont buy, since you will lose this margins that may help someday.
Binance Markets
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Was just speaking with a friend about this. I had so much dust from my referrals it was maddening.
I’m glad that it will no long go to waste. And used for something. Binanace listens to its users and deliver.
lets get ZEN there :)
hells yeah they do! good on them!
wow this is great for a trader. getting a dust of a coin is somewhat annoying. I can see a bright future in Binance on the upcoming years for putting so much value to their exchanger. Great post @kingscrown
Great to know about this new feature about binance. I think most other binance-like exchanges e.g. Bibox ,kucoin etc Will follow 😎
Greeeeee8
smart move !
Its very good news, it seems like crypto just woke up from a long winter hibernation lol
It is never an idea, technology, market forces, or access to capital that makes a Binance innovative. What differentiates Binance from an average exchange is the people working inside the company.
@kingscrown I found your post is helpful.
Thanks you for your interest sharing your experience.
Better to avoid mistakes.
What happened with the stolen funds from 1 or 2 months ago?
Did it end good for the customers, or ended good for the hackers/workers?
The Binance hack was mainly an issue for the people who used the API as the Binance staff mentioned here on reddit
Later their CEO Changpeng Zhao had announced that all affected trades were reversed and the outcome was negative for the hackers as in the end they lost funds instead of gaining them. For some reason I couldn't find the tweets, but here is an article outlining the points in the tweet that I could find
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Holy shit! Sorry for the profanity but I thought all that dust was going to go waste. At least this would take care of it.
Binance rocks!.......................most of the time:-)
Awesome news! Binance is the best!!