What is ‘Dust’ (Odd Coin)?

In the field of cryptocurrency, the term ‘dust’ refers to a very small number of coins or tokens. This amount is so small that it is often forgotten or not paid attention to by users. Bitcoin, which can be divided into 100 million satoshis, means 1 satoshi is equivalent to 0.00000001 bitcoin. In fact, bitcoin volumes smaller than a few hundred satoshis can already be considered ‘dust’. These volumes are often smaller than the costs required to trade them between wallets.

When looking at retail coins on an exchange, it is used to refer to the small portion of cryptocurrency left over from transactions. Most exchanges will set a minimum requirement for transactions, and these funds will no longer be tradable.

However, Binance allows users to convert those retail coins into Binance coins (BNB).

How to convert

To convert to BNB, point to your Fund and click Balances.

On the Balances page - Click on the “Convert to BNB” tab

Here you can see the coins that are allowed to be converted into BNB. The requirement for each redeemable coin is to have a balance of less than 0.001 BTC.

You can convert as many coins as you want at once, the estimated amount of BNB will be displayed on the screen.

Please keep in mind that the amount of BNB converted is only an estimate as the amount of converted BNB you will receive will be calculated based on the exact market price at the time you click on the ‘Convert to BNB’ button.

Once clicked, a confirmation window will appear.

After deciding to convert, press the 'Confirm' button, then the completed transaction confirmation screen will appear.

This conversion can only be done once every 24 hours.

You can check your conversion history by clicking on the ‘Conversion History’ button.

Note: Delisted coins cannot be redeemed.

The converted BNB will appear in your account once the process is complete.