Binance Dust – How to Exchange Small Crypto Assets into BNB

17th July 2021

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Binance Exchange Dust refers to a balance valued less than 0.001 BTC and is classed as a small balance. Most cryptocurrency exchanges will have a minimum trade requirement and these small balances are unable to be traded or transferred back to a wallet.

In this tutorial, I show you how to convert your small Crypto assets (also known as dust) into Binance’s BNB Tokens, which can be held or converted into your favorite cryptocurrency.

Table of Contents

Where does ‘DUST’ come from?

When trading on Binance exchange you can only trade whole Crypto coins as opposed to fractions of a coin. Once the trade has been confirmed Binance will take away their trading fees and this will cause you to have fractions of untradeable crypto. You may also receive fractions of coins via airdrops. Also holding the likes of NEO on an exchange will generate NEO GAS.

Why Should I Convert ‘Dust’?

Binance will now convert all your small crypto balances ‘DUST’ and convert them into BNB tokens for a small fee. You can either HODL or convert it into a cryptocurrency of your choosing, such as Bitcoin, Ethereum, etc.

Binance Dust BNB — Binance Conversion Fee

What is Binance?

Binance is an international multi-language cryptocurrency (digital asset) exchange service, founded in China by Changpeng Zhao. In July 2017, Binance raised $15 million dollars in an Initial Coin Offering (ICO) for its ERC20 BNB token.

BNB has since soared from about 10 cents at ICO to $10+, giving it a market capitalization of over $1 billion. Its 1.4 million transactions-per-second capability has attracted 6+ million users, making it the world’s largest crypto exchange. Binance’s trading volume is no longer dominated by China. Today, 38% of Binance’s users are in the U.S with its second-biggest market in Japan.