How to Convert Cryptocurrencies With No Fees Using Binance Convert

2022-12-01

Main Takeaways

  • You can convert cryptocurrencies and digital fiat currencies on Binance using Binance Convert.

  • Binance Convert offers an easier and faster method of conversion, with no fees.

  • It also allows you to convert your digital fiat currencies to crypto after deposit and vice versa for withdrawal.

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Did you know there’s a way to convert your deposited digital fiat currency or cryptocurrency to any cryptocurrency of your choice, with no fees?

This article will show you how to convert between cryptocurrencies and digital fiat currencies more quickly and easily — and with zero fees.

Step 1: On the Binance app home page, click “Convert”.

If you can’t find this on your home page, click “More” to access the full app service page. Once on this page, you can find “Convert” in the “Trade” section.

Step 2: You will be directed to the “Convert” page. You can convert your crypto using a market (instant) or limit order. Before you proceed, ensure that the crypto you want to convert is currently in your Spot wallet.

To convert from one cryptocurrency to another, select the correct cryptocurrency in the “From” and “To” sections respectively. You can also view the minimum and maximum quantity of each cryptocurrency you are allowed to convert.

Enter the quantity of cryptocurrency you want to convert in the “From” section and click “Preview Conversion”.

Step 3: Next, you will see a pop-up containing a summary of your transaction. If all the details are in order, click the “Convert” button before the countdown expires to confirm the conversion.

Step 4: You should be redirected to this page containing details about your transaction and confirm the conversion. You can go back to the home page by clicking “Back Home”. You can also view your conversion history by clicking “View History”.

You will be directed to the Convert section of the Transaction History page, where you can view the details of your previous conversions.

Once on this page, you can find “P2P” in the “Trade” section.

Using this method of converting cryptocurrencies on Binance, you can convert your NGN (or any digital fiat currency) after depositing to any cryptocurrency of your choice. You can also convert cryptocurrency back to your local digital fiat currency whenever you want to make a withdrawal — all with no fees.

Now that you know how to convert your cryptocurrencies easily and at no cost, you deposit into your Binance account using your local digital fiat currency and convert to any crypto of your choice. For Nigerians, this article will show you how to deposit and withdraw on Binance via Cashlink.

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