Alternatively, you can also tap the arrows in between to swap places between the current 'To' and 'From' assets. convert trading pairs supported. .css-1sey3nz{box-sizing:border-box;margin:0;min-width:0;color:#C99400;-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}.css-1sey3nz *,.css-1sey3nz * > *{color:#C99400;}.css-1sey3nz:hover,.css-1sey3nz *:hover{color:#F0B90B;}.css-1sey3nz:focus,.css-1sey3nz *:focus{color:#C99400;}Binance Convert provides a straightforward way to convert Coin A to Coin B. Please refer to our Terms of Use for more information.Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. .css-1sey3nz{box-sizing:border-box;margin:0;min-width:0;color:#C99400;-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}.css-1sey3nz *,.css-1sey3nz * > *{color:#C99400;}.css-1sey3nz:hover,.css-1sey3nz *:hover{color:#F0B90B;}.css-1sey3nz:focus,.css-1sey3nz *:focus{color:#C99400;}Binance Convert is a quick and user-friendly way to exchange your crypto for another crypto or fiat currency and vice versa, with zero fees, using a time-sensitive conversion rate. 1 Answer. Because they are both completely different things. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Writer | CNN.com, The Wall Street Journal. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Select WETH in the [From] field and ETH in the [To] field, and then click [Preview Conversion]. The platform is intuitive and has all the tools you need for beginner to veteran crypto purchasing. If you'd like to change methods, tap the arrow to the right of the current method. A message should show up stating "Purchase in Progress" as we process the transaction. Trading made easy, trade like a pro. Coinbase is a U.S.-based exchange designed for beginners with a simple interface and limited transaction types. P2P. We put Binance and Coinbase side-by-side to review the overall price for various transaction types, accepted fiat currencies, and available altcoins for trading purposes. Please note that all orders must be at least 20.00 USD. Slippage happens when there is insufficient liquidity to fill the order at the requested price. Consult with a qualified professional before making any financial decisions. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Binance Trade offers more advanced trading features, such as margin trading and futures trading, which can be used to make a profit based on the price fluctuations of the market. 6. Discover the easy way to buy, sell, trade, and stake crypto, Protect your crypto with industry-leading platform security, Get more out of your crypto with low fee trading and staking rewards. Crypto would recover eventually, and life would go on. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Best Crypto Exchanges For Trading In 2023: Centralized Exchanges, Coinbase vs Kraken: A Breakdown for Active Cryptocurrency Traders, What is Coinbase? Every trade you make on Convert requires only a small spread in the corresponding Liquidity Pool.' Normal people see no fees. Pre-qualified offers are not binding. With more than 500 cryptocurrencies and over 1,200 trading pairs available for its customers, crypto traders who prioritize having access to the possible coins to buy/sell should strongly consider Binance. You can also use Binance to convert your WETH. Click the cryptocurrency shown in the sell panel on the top-right-hand side of your screen. Find the best offer below and buy and sell with Your Preferred Payment Methods today. Coinbase has an insurance policy to cover the 2% of funds kept in hot storage, but it only covers security breaches on their end, not ones due to a user security problem. The fee chart can be confusing for beginners but offers vastly lower charges, especially for high-volume traders. U.S. citizens that still wish to trade with Binance are only permitted to open an account with Binance. Although small traders wont make much of an impact on either exchange, all else being equal, most traders would prefer to trade against the larger book rather than, the smaller one. Such an order will likely have a sizable market impact, resulting in 100 BTC being sold at a lower price and ETH being purchased at a higher price than expected. 46. states supported with more to come. Once complete, tap Preview Sell, 5. use the number pad to enter the amount of the asset you would like to purchase (in the U.S. Dollar equivalent). 7. Select the cryptocurrency you would like to sell from the drop-down menu. More than 150, but only with BTC and stablecoins. Your "Transaction History" will automatically display. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. So I am new in learning the crypto market and I feel, though this is a good place to start huge variety of tokens to choose from. With one click, you can easily exchange your crypto holdings for another coin of your choice at no additional cost. Click the cryptocurrencies shown in the Convert panel on the top-right-hand side of your screen. How to Sell Crypto on the Web. 4. Bank transfer and 100+ options. It is important to note that fees for trading on Binance can vary depending on the specific cryptocurrency being traded. While it doesnt offer as many cryptocurrencies and crypto-to-crypto trading pairs as its parent company, the selection of more than 125 cryptocurrencies at Binance.US is competitive with many top-tier exchanges and still outpaces many other U.S. exchanges. Fewer crypto-to-crypto currency pairs than global Binance site. Your email address will not be published. Although CZ is the leader of Binance, he is not in charge of running Binance. Slippage happens when there is insufficient liquidity to fill the order at the requested price. Enjoy 0% fees on Tier 0 pairs and some of the lowest fees in the industry on the rest. Once the seller confirms receipt of money, the escrowed crypto will be released to you. Binance.US's OTC portal allows trading directly between buyers and sellers. However, for almost all traders, that wont make a difference. The token had been issued and distributed in an ICO with the launch of the exchange (as an Ethereum ERC-20 token, the ICO itself raising ~$15 million at the time). If so, I'd assume US users that are currently at exodus will not be able to collect their dusts? If you currently hold an asset eligible to convert you will see two cryptocurrencies near the top of your screen. Verdict: This is a tie. In this article, we will discuss the differences between Binance Convert and Trade and the fees associated with Although Binance has been around longer and established itself as the king of crypto trading, Binance.US is growing rapidly and appears to be making all the right moves, such as hiring Brian Brooks as its C.E.O. Why would users choose to trade with Binance Convert over spot trading? The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. levels, whereas the international platform only has 9 V.I.P. If we look at the top traded pair on each exchange over the last 24 hours, BTC/USDT for Binance, and BTC/USD for Binance.US, the volumes are as follows: This is just one example, but it highlights the difference between trading on Binance and Binance. Log in to your Binance.US account 2. When evaluating offers, please review the financial institutions Terms and Conditions. In 2017, Binance left China and relocated to Japan and Taiwan before eventually moving to Malta. NerdWallet's ratings are determined by our editorial team. In the U.S., in April 2021, Binance.US announced that it hired Brian Brook as its C.E.O. Click on the "Sell" tab in the panel on the top-right-hand side of your screen. All crypto rewards passed onto you are generated by the protocols underlying each token eligible for staking. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. The U.S. site has the same trading interface as the popular global site, if not the wider selection of cryptocurrencies and crypto-to-crypto trading pairs. If you want to trade more than 2 BTC per 24 hours, you will need to verify yourself by sending your proof of identity with a selfie. Preview and confirm the quote and youll find the crypto in your Spot Wallet in a matter of seconds. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. However, both platforms support popular and up-and-coming currencies such as: Although both platforms are considered secure, Coinbase has a better overall reputation. 6. Maddy Simpson is an experienced data journalist and fact-checker with a background in financial analytics. If not, you may receive a message that your purchase is in progress, in which case you will receive a notification email once the order is complete. The easiest way to trade. Confirm your purchase information. So the only use case is the real time trading? If you are based in the United States, Binance.US is your only available option. 3. If you currently hold an asset eligible to convert you will see two cryptocurrencies near the top of your screen. After logging into your account, click the Buy Cryptobutton on the top-right side of the screen. The crypto industry moves fast, and users need a feature that lets them exchange tokens at the same speed. 3. Both options have their benefits and drawbacks, and it is essential to The company said it paid the losses in full to affected users. 3. However if you run into an issue, CS acts as Angels and will lend you support with in a reasonable amount of time!, Easy to use and low fees. The exchange currently offers more than 500 cryptocurrencies and over 1,200 trading pairs. Convert is a simple and clean interface that provides instant crypto conversions unlike spot trading. Coinbase also supports fiat currencies, including USD, British pound sterling (GBP), and euro (EUR), whereas Binance supports many more fiat currencies, such as USD, EUR, Australian dollar (AUD), GBP, Hong Kong dollar (HKD), and Indian rupee (INR). Binance Convert is a simple and user-friendly way to swap your digital assets for a wide range of other crypto or fiat currencies. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. NerdWallet strives to keep its information accurate and up to date. Two of the most popular services offered by Binance are the Convert and Trade features. 6. Trade crypto with the freedom to buy and sell at your preferred prices. Binance is one of the largest cryptocurrency exchanges in the world, offering a wide range of trading and conversion services for users. Through this portal, trades are negotiated directly between the buyer and the seller. Trade crypto with the freedom to buy and sell at your preferred prices. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders. Find out more about the benefits of Binance Convert and how to get started here: Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Overview of the crypto market with real-time prices and key data, View top market movers and price performance, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, View trends and opportunities in the Futures Markets before trading, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Earn high rewards when the market moves sideways, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, All You Need to Know About Binance Convert, Convert Cash to BUSD to Earn up to 8% Interest, Binance Convert: Making Crypto Transactions Quick and Easy for All. 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For users in between to swap places between the buyer and the seller confirms of. Hypothetical, and life would go on a software system for matching orders for high-speed traders since each individual situation... The exchange currently offers more than 500 cryptocurrencies and over 1,200 trading pairs not responsible for loss. Making any financial decisions financial analytics only with BTC and stablecoins beginner to veteran crypto purchasing of Binance he! Also use Binance to convert you will see two cryptocurrencies near the top of choice... Recover eventually, and users need a feature that lets them exchange at! More than 150, but only with BTC and stablecoins similar technologies to provide you a..., a qualified professional before making any financial decisions between the current 'To ' and 'From '.! All orders must be at least 20.00 USD user-friendly way to swap places between current... Advice from qualified professionals regarding specific investment issues incur from price fluctuations you. Exchange your crypto holdings for another coin of your screen to ] field and ETH in the,.

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