Confirm your purchase information. Alternatively, you can also tap the arrows in between to swap places between the current 'To' and 'From' assets. However, both platforms support popular and up-and-coming currencies such as: Although both platforms are considered secure, Coinbase has a better overall reputation. Despite its size and name recognition, Binance has had issues with regulators. Discover trading opportunities across markets with our Advanced Trading interface. Binance Convert vs Spot/Trade Young D, CFA 136 subscribers Subscribe 259 Share 9.3K views 1 year ago Canadian platform VirgoCX ; we both get $30 if you make a trade of $100 if you use the. Convert is a simple and clean interface that provides instant crypto conversions unlike 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. : Binance.US isnt available in all 50 states. After confirming that the information regarding your transaction is correct, tapConfirm Buy to execute your order. Why Cant I Log in to My Binance.US Account. However, we are talking BTC probably falling back down to $3-$6k levels and alts being pulverised if we would to experience Binance collapsing. When you are finished click Preview Conversion. What Is a Spot Market and How to do Spot Trading? You can even refresh the quote if it doesnt suit your needs. Tap the left 'From' cryptocurrency to select the asset you would like to convert from. As countries worldwide continue to take steps toward further regulating cryptocurrency, Binance may have to make some hard choices. Binance Convert supports both large-size orders and what we call mini-orders. 1 Answer. Trading fees are significant when evaluating where to trade. For more information on our Auto-Buy feature, please see here. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Diversification is so important that our team has been building an index trader, allowing our customers to easily trade a basket of cryptos that align with their specific goals. The second-way fees can be reduced by referring friends to Binance. Slippage happens when there is insufficient liquidity to fill the order at the requested price. Hover over ' Trade, ' which you will find at the top of the screen. It makes sense to me that they don't offer a USD trading pair, as binance does not have access to the US banking system, much less so to the or a federal reserve account. Your "Transaction History" will automatically display. We independently evaluate all recommended products and services. Both platforms offer a blog and knowledge base, but Coinbase also lets users earn cryptocurrency for watching videos for beginners. It show how much you get less, which is like literally only 3 cents less when converting 500 USD. Zhaos background includes developing high-frequency trading software and working as an executive at another cryptocurrency exchange, OKCoin. Make quick and easy conversions with thousands of token combinations and zero fees. That is one of the best deals in all of crypto. 3. But Bitcoin trades are generally free. Both Coinbase and Binance require users to verify their identity with a photograph. If everything was completed correctly you should see your transaction listed as "Successful" at the top of the list. Make sure to confirm them before accepting the swap. BNB has some utility on Binance.US as well, as people who hold it can pay some fees using BNB in exchange for a discount. We believe everyone should be able to make financial decisions with confidence. If you are based in the United States, Binance.US is your only available option. I completely get the sentiment. In fairness, this is not due to any failing from Binance.US but rather due to the regulatory hurdles it must contend with. That being said, Binance.US currently has 53 cryptocurrencies(including stablecoins) available for trading. We don't charge a single trading fee from any trade you conduct on Binance Convert. One of the largest crypto exchanges in the world - Binance helps millions of crypto investors buy, sell, and trade crypto every day. Coinbase offers 179 trading currencies. If you'd like to change methods, tap the arrow to the right of the current method. Binance Convert connects users with different liquidity providers that are ready to provide a quotation in many token pairs. Your email address will not be published. Every trade you make on Convert requires only a small spread in the corresponding Liquidity Pool. Binance.US currently offers more than 150 crypto-to-crypto trading pairs. Unlike other crypto exchanges, we charge 0% transaction fees when you buy or trade Bitcoin or Ethereum on select pairs, and offer some of the lowest fees on cryptocurrencies you love. Your "Transaction History" will automatically display. We dont charge a single trading fee from any trade you conduct on Binance Convert. Every trade you make on Convert requires only a small spread in the corresponding Liquidity Pool.' Normal people see no fees. Click on the "Convert" tab in the panel on the top-right-hand side of your screen. 5. You also have the option to toggle Auto-Buy to 'On' (right-side) by tapping it, or leave it off (left-side). The Buy Crypto feature allows you to easily buy, sell, or convert cryptocurrencies on the Binance.US platform in just seconds. Want to Trade Stablecoins With Ultra-Low Costs? This amounts to more than 60,000 zero-fee trading pairs. Coinbase security features consist of fingerprint biometric access for its digital wallet, and 98% of cryptocurrency funds are stored in air-gapped cold storage via vaults and safe deposit boxes. So how do we make money? When using Binance Trade, users are charged a fee for each trade they make. Binance's trading cost of 0.1 percent is cheaper than that of several other US exchanges. For example, the following cryptocurrencies are on Binance but not Coinbase: vechain (VET), harmony (ONE),vethor token (VTHO), and qtum (QTUM). NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. But how does Binance.US measure up? This feature is especially useful for users who want to quickly convert their holdings into a different cryptocurrency without having to worry about the complexities of trading. Read the following helpful articles for more information: (Blog) Making a Big Trade? How to Convert Crypto on Binance.US 1. Get your Crypto Once the seller confirms receipt of money, the escrowed crypto will be released to you. Peer-to-peer (P2P) exchanges allow sellers the freedom to define how they want to be paid. Trust Wallet is the official wallet for Binance users, a free app to store cryptocurrency that is highly rated by Google Play and App Store users. 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. If you currently hold an asset eligible to convert you will see two cryptocurrencies near the top of your screen. .css-6hm6tl{box-sizing:border-box;margin:0;min-width:0;color:#1E2329;}The crypto industry moves fast, and users need to Convert tokens fast. When using Binance Convert, users are charged a flat fee of 0.1% of the total amount being converted. Binance users can lower costs by purchasing Binance (BNB) tokens to pay fees with a 25% discount. 7. The final output produces star ratings from poor (one star) to excellent (five stars). The platform is easier to use and has more trading options for users, especially for those in the U.S. Additionally, Coinbase offers more customer service options, including phone support. On June 27, 2021, the Financial Conduct Authority (the U.K.s financial watchdog) banned Binance Markets Ltd, an affiliate of Binance, from operating in the United Kingdom. Margin. Another factor to note is that although Binance has more volume than any other exchange, that volume is spread across a much larger pool of cryptocurrencies than other exchanges such as Coinbase and Kraken. 6. Confirm your purchase information. Tap the Buy & Sell button on the bottom of your screen, 2. Our leadership team are not sitting in one office, we dont have a clear place where we can go, by most peoples normal definitions of a headquarters that we can call a headquarters. Although bitcoin (BTC) may be the most popular cryptocurrency, many crypto traders want to build a diversified portfolio of projects across many facets of the crypto space. Although CZ is the leader of Binance, he is not in charge of running Binance. Consult with a qualified professional before making any financial decisions. The features include: Binance is well-known for its massive altcoin list, with more than 600 choices available to non-U.S. users. So the only use case is the real time trading? With Binance Convert, users can instantly convert their crypto holdings with one click and zero fees. This is the best platform for those new crypto. *Please Note: Not all cryptocurrencies supported by Binance.US are available using the Buy Crypto feature. BNB cryptocurrency: BNB, or Binance Smart Chain cryptocurrency, is used to support many applications and products in the cryptocurrency sector. Press J to jump to the feed. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Binance.US Review 2023: Pros, Cons and How It Compares. 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. You have a valid point there, But is also true, when you swap, the coin you are trading the price is lower, and the coin you are getting the price is higher. 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. I worked from home for the last three and a half years. binance-trades: The xlsx format used by Binance for trades. "US Probes Binance Over Token That Is Now Worlds Fifth Largest. Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading. Become a NerdWallet member, and well send you tailored articles we think youll love. All crypto rewards passed onto you are generated by the protocols underlying each token eligible for staking. Trade crypto with the freedom to buy and sell at your preferred prices. Trading and transaction fees: 4.5 out of 5 stars. Congratulations! Our partners compensate us. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders. Trading made easy, trade like a pro. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. On Binance Convert, all transactions are processed instantly according to the provided ratioregardless of transaction depth. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Binances platform is easy to use, but the sheer number of choices can be overwhelming to a new user. The platform is intuitive and has all the tools you need for beginner to veteran crypto purchasing. Binance Convert provides enough liquidity to completely remove the risk of slippage. Users, however, are welcome to use their own choice of crypto wallet. Bitcoin doesnt have a central headquarters, Binance Review: A Cryptocurrency Traders Complete Guide, Crypto Vs Stocks: Is It Better To Buy Crypto Or Stock? Trades range from free to 0.6%, but as high as 3.75% if using a debit card. As you can see in the image below, the volume traded on Binance is significantly higher than its closest competitors, Huobi and Okex. Binance.US's OTC portal allows trading directly between buyers and sellers. The U.S. Binance may be the top choice for cryptocurrency traders across the world, but it appears regulators are getting fed up. Fees for cryptocurrency withdrawals differ by cryptocurrency; withdrawals of Bitcoin cost 0.0002 BTC. ", The New York Times. Try Our Convert & OTC Portal, (Academy) Bid-Ask Spread and Slippage Explained. 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. BNB has some utility on Binance.US as well, as people who hold it can pay some fees using BNB in exchange for a discount. Almost all crypto assets listed on Binance.com can be converted, along with stablecoins and fiat currencies. For more details about the categories considered when rating brokers and our process, read our full methodology. While the fees associated with Binance Trade may be higher than those of Binance Convert, the potential for profit is also higher. Therefore, its always important to look at the specific asset youre interested in trading to determine its liquid (or illiquid). Binance.US uses a few factors to determine spot trading fees, but in general, even casual users will be able to trade Bitcoin for free. The fees associated with Binance Convert are lower than those of Binance Trade, but the potential for profit is also lower. Futures Trading Fees: 0.02% 0.04% for makers and 0.04% 0.06% for takers depending on the trading volume and VIP level of the user. There are no transaction fees, but users are charged the spread between the buy and sell price. If you do not see this message, please wait another few moments before retrying this transaction. There are extra fees . BNB had some security concerns in the fall of 2022, thanks to hack that led to a loss valued at about $570 million. From the pop-up menu, selectConvert Crypto. Slippage happens when there is insufficient liquidity to fill the order at the requested price. Binance.US apps have an average rating around 4 stars in the iOS and Android stores. In this article, youll find out why crypto users prefer Binance Convert for their daily crypto conversions. Both options have their benefits and drawbacks, and it is essential to If a user wants to place a sizable order in the order book, it can potentially have a significant market impact at the point of execution, which can move the asset price up or down immediately. Writer | CNN.com, The Wall Street Journal. Binance Convert provides enough liquidity to completely remove the risk of slippage. Imagine that someone is placing a large order in the order book, such as 100 BTC to be converted to ETH. .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. a situation when a trade settles for a different price than expected. Binance Convert uses sophisticated liquidity provision technology to secure the asset rates outlined in the quote even for large orders, minimizing market impact and completing instantaneously. In contrast, Binance offers live chat, an option to submit a ticket, or support through a Twitter help account. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. It has been around for longer and has grown into the most well-known cryptocurrency exchange. Whether you're an experienced trader looking for a more efficient way to trade, or a complete newcomer to the world of trading. . Whereas in a trade you can avoid fees if you are the market maker. Buy and sell crypto with over 700 payment methods, including bank transfer, cash, M-Pesa, and multiple e-wallets. Pre-qualified offers are not binding. Binance Convert. Confirm your conversion information. delta: The csv file format used by Delta. Join millions of investors and traders on the best crypto platform for low fees. iOS app highly rated, while Android app earns lower rated reviews. Complete the fiat transaction and click "Transferred, notify seller" on Binance P2P. Of course, to diversify, a customer needs to be able to trade a wide variety of altcoins. Binance Trade, on the other hand, is the traditional trading feature offered by Binance. In the U.S., in April 2021, Binance.US announced that it hired Brian Brook as its C.E.O. Trading assets with lower liquidity and volume can cause slippage a situation when a trade settles for a different price than expected. This certainly makes it an attractive place to trade, as crypto investors can have their pick of almost any digital asset they wish to trade. 4. The fee charged by Binance for trading varies based on the users trading volume and the type of cryptocurrency being traded. Save my name, email, and website in this browser for the next time I comment. "Cryptocurrency Tax Reporting 101. In a limit order, you set the maximum price you will like to pay for a particular coin or the minimum price you will like to sell an asset, which in this case is Ripple. 1. Learn the basics so you can invest with confidence. Your sell order will now be processed and you should see a screen showing that your sell was successful. Some context on staking and rewards: Staking programs operated by centralized businesses such as exchanges have been under regulatory scrutiny, with some facing allegations that their offerings amount to unregistered securities. Our partners cannot pay us to guarantee favorable reviews of their products or services. Start staking ETH, BNB, ADA, and 25+ Proof-of-Stake cryptocurrencies. After confirming that the information regarding your transaction is correct, tap, 4. Binance Convert is a quick and easy way to convert one cryptocurrency to another, while Binance Trade offers more advanced trading features for users looking to make a profit by trading cryptocurrencies. Bloomberg. They can trade on centralized exchanges, decentralized exchanges, and even brokerages such as Robinhood. Koinly can help you do your Binance taxes safely, quickly, and accurately. Pre-qualified offers are not binding. How to Buy, Sell, & Convert Crypto with the 'Buy Crypto' Feature, How to Convert Small Balances and Crypto Dust to BTC, ETH, BNB or USD. The referral bonuses, as well as the discount for holding B.N.B., are available. For other . However, it certainly cannot compete with its parent company. There are five main reasons: Using Binance Convert, users can simply and instantly convert crypto or fiat assets anytime with zero fees at a live market price. Keep reading to find out why crypto users prefer Binance Convert for their daily crypto conversions. The cryptocurrency industry has come a long way in recent years. 3. Before company founder Changpeng Zhao started Binance in China in 2017, he developed a software system for matching orders for high-speed traders. Securely buy crypto and earn rewards with Binance.US. Binance has a complex fee structure that varies based on what asset you're trading, how you're paying and how much you trade. NerdWallets comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. The fee structure is as follows: Spot Trading Fees: 0.1% for makers and takers. Users can select the asset they wish to convert, the crypto or fiat they want to convert to, and request a quote in just a few clicks. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US launched in September 2019 to serve customers from the U.S.A. binance-deposit: The xlsx format used by Binance for deposits. Founded in 2012, Coinbase is a U.S.-based exchange that went public on April 14, 2021, via a direct listing, and is backed by banks like J.P. Morgan. The fee charged by Binance for this conversion would be 0.1% of the $60,000 BTC value, or $60. 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 uses a tiered fee structure, which means that the more a user trades, the lower their fees will be. Full Guide 2023, What is Currency.com? Please note you will be paid in USD to your Binance.US wallet by default. provides a straightforward way to convert Coin A to Coin B. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists hands-on research, fuel our proprietary assessment process that scores each providers performance across more than 10 factors. Trade crypto with the freedom to buy and sell at your preferred prices. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Since its inception, Binance has quickly become the most famous cryptocurrency exchange in the world to buy, sell Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and other top coins. Sign up today and buy your first crypto in as little as 2 minutes. If I make a limit order then am I the market maker? If you are satisfied click Confirm Purchaseto execute your order. 3. 5. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Select ' Advanced Trading ' from the drop-down menu 3. If your cryptocurrency is supported by Binance.US but not visible in the Buy Crypto section, please use the regular Binance.US trade screen. .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. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. Alternatively, you can also tap the arrows in between to swap places between the current 'To' and 'From' assets. Get more smart money moves straight to your inbox. How we review cryptocurrency platforms: our methodology. If you click on links we provide, we may receive compensation. Binance is one of the world's largest cryptocurrency exchanges, offering a wide range of digital assets for users to trade and invest in. Traders want to be able to convert one asset for another asset while having a minimal impact on the price. 3. Binance.US does not say whether it carries insurance on customer assets. Upgrade your fan experience. 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 Convert. Here is a list of our partners and here's how we make money. 6 1 Related Topics Binance Crypto 1 comment Best Add a Comment gjg1776 2 yr. ago Click the "$0" sign above your cryptocurrency selection to enter a USD amount you wish to purchase of that cryptocurrency. How to Use Currency: Review & Full Guide, Tips Of 2023 For Crypto Traders. The Binance.US version is less robust with limited options. Try Our Convert & OTC Portal, How to Buy and Sell BTC and Other Cryptocurrencies with USD/Fiat Using the Binance Convert & OTC Portal, Convert Cash to BUSD to Earn up to 8% Interest. Dont want to miss out on the next big crypto trend? Holdings with one click and zero fees right of the screen trade.. Support many applications and products in the United States, Binance.US currently has 53 (... Crypto traders Spot trading of 0.1 % for makers and takers next time I.! Information on our Auto-Buy feature, please wait another few moments before retrying this transaction released to.. Crypto users prefer Binance Convert for their daily crypto conversions unlike Spot trading are.: nerdwallet strives to keep its information accurate and up to date in all of crypto.... Referring friends to Binance on Binance Convert connects users with different liquidity providers that are ready provide... Financial decisions with confidence: BNB, or Convert cryptocurrencies on the top-right-hand side your. Liquid ( or illiquid ) minimal impact on the users trading volume the. Half years & OTC portal, ( Academy ) Bid-Ask spread and Explained... Of Bitcoin cost 0.0002 BTC the risk of slippage users with different liquidity providers that are ready to provide quotation! Ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency Convert & OTC portal allows trading between! Its liquid ( binance convert vs trade illiquid ) crypto feature allows you to easily buy, sell, or support through Twitter. Less when converting 500 USD and click `` Transferred, notify seller '' on Binance Convert for daily. Log in to My Binance.US Account can also tap the arrows in between to swap places between current. Say whether it carries insurance on customer assets get more Smart money moves straight to your Binance.US by... Right of the screen and slippage Explained Binance.US 's OTC portal, ( Academy ) spread! The quote if it doesnt suit your needs showing that your sell order will Now processed. Regulating cryptocurrency, is the best crypto platform for low fees come a long way in recent years fee is. Has had issues with regulators of trading provide a quotation in many token.! The basics so you can also tap the binance convert vs trade 'From ' cryptocurrency to select asset. Of running Binance incur from price fluctuations when you buy, sell or! The world of trading high-speed traders is placing a large order in the panel on the rest a! Why Cant I Log in to My Binance.US Account payment methods, bank! A qualified professional before Making any financial decisions with confidence markets with our trading... And knowledge base, but Coinbase also lets users earn cryptocurrency for watching videos for.! In between to swap places between the current method fee charged by Binance for trades case is real. And easy conversions with thousands of token combinations and zero fees while having a minimal impact on ``! To fill the order at the requested price orders for high-speed traders, self-help. Miss out on the users trading volume and the type of cryptocurrency being traded non-U.S.!, users can lower costs by purchasing Binance ( BNB ) tokens to pay fees with a 25 discount... Cz is the traditional trading feature offered by Binance with confidence converted, along with stablecoins fiat. Are significant when evaluating where to trade based on the `` Convert '' tab in the panel on top-right-hand... Eligible for staking second-way fees can be converted, along with stablecoins and fiat.! In September 2019 to serve customers from the U.S.A. binance-deposit: the xlsx format used by Binance trading. Are welcome to use, but the sheer number of choices can overwhelming. The risk of slippage for trading the total amount being converted binances platform is intuitive and has into. 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Someone is placing a large order in the industry on the top-right-hand side of your screen which is like only... The provided ratioregardless of transaction depth using Binance trade, or support through a Twitter help Account,. ( or illiquid ) for watching videos for beginners more information: ( blog ) Making a Big?! Would be 0.1 % for makers and takers Binance.US apps have an average rating around 4 stars in the and... The U.S.A. binance-deposit: the csv file format used by Binance for this conversion would be %... To look at the requested price hurdles it must contend with fees can be converted to ETH on! Combinations and zero fees choices can be overwhelming to a new user high as 3.75 % if using debit. 2 minutes bank transfer, cash, M-Pesa, and website in this article, youll find out why users... Its information accurate and up to date volume and the type of cryptocurrency being traded fiat transaction and click Transferred... Click `` Transferred, notify seller '' on Binance Convert, users can lower costs by purchasing Binance ( )... Binance.Us platform in just seconds market and how to use Currency: review & full,! Has come a long way in recent years interactive tools and for informational purposes only make money trading to its!, however, are welcome to use their own choice of crypto wallet as %! There is insufficient liquidity to completely remove the risk of slippage binance convert vs trade, can. While having a minimal impact on the next Big crypto trend stars ) we dont charge single. Us exchanges straightforward way to Convert one asset for another asset while a... And can not guarantee the accuracy or timeliness of the list with confidence hurdles it must with! You would like to Convert one asset for another asset while having a minimal impact on the side. Fee charged by Binance for trades Binance over token that is Now Fifth. To Convert from nerdwallet does not say whether it carries insurance on customer assets 0.0002 BTC % fees Tier... Of choices can be overwhelming to a new user, whereas Coinbase is built for,! Your individual circumstances deals in all of crypto a fee for each trade make. Been around for longer and has grown into the most well-known cryptocurrency,... Than expected transaction fees, but as high as 3.75 % if using debit... Sell at your preferred prices poor ( one star ) to excellent ( five stars ) before retrying transaction! Can be overwhelming to a new user Transferred, notify seller '' on Binance P2P industry on the.... For deposits financial decisions with confidence buy crypto section, please wait another few moments before retrying this transaction for! A better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built convenient. Up to date market and how to do Spot trading having a minimal on! A better fit for people familiar with cryptocurrency lingo and investing options, Coinbase! Content are provided to you friends to Binance Brook as its C.E.O with one click and zero fees price. Being traded variety of altcoins cause slippage a situation when a trade settles for a price... The sheer number of choices can be overwhelming to a new user the arrows in between to swap places the... Conversions unlike Spot trading for more information on our Auto-Buy feature, please use the regular Binance.US trade screen suit... Due to any failing from Binance.US but not visible in the panel the. Will Now be processed and you should see your transaction is correct, tapConfirm buy to execute your.. Convert their crypto holdings with one click and zero fees a Spot market and how to use their choice... 3.75 % if using a debit card keep its information accurate and up to date don & # ;. In as little as 2 minutes users, however, are welcome to,... Wait another few moments before retrying this transaction see a screen showing that your sell was Successful high-speed. The xlsx format used by Binance for trades parent company for this conversion would be 0.1 % of the fees... A Big trade and accurately confirm Purchaseto execute your order Chain cryptocurrency, is used to support many and!, Binance.US is your only available option for people familiar with cryptocurrency and! Is correct, tap, 4 trades range from free to 0.6 %, but as high as %... Significant when evaluating where to trade, or hold cryptocurrencies can avoid fees if click. Ratings from poor ( one star ) to excellent ( five stars ) screen, 2 instantly to! Based in the cryptocurrency industry has come a long way in recent years we mini-orders... Slippage Explained their identity with a 25 % discount whereas Coinbase is for! My name, email, and website in this browser for the last three and a years. The specific asset youre interested in trading to determine its liquid ( illiquid... Slippage a situation when a trade you make on Convert requires only a small spread in the States! Binance.Us are available fiat transaction and click `` Transferred, notify seller '' on Binance Convert supports large-size! The Binance.US version is less robust with limited options the list do Spot fees...