Binance Exchange Adds “Convert Dust” Feature

The world's largest cryptocurrency exchange, Binance, which trades more than $3 billion per day, announced a policy change in response to complaints from users that coin fragments in their accounts could not be used or converted. The exchange will now allow its clients to convert dust.

Dust is a fragment of a coin that remains on the user’s account after the sale, that is, the value of the token fragment is less than one. Binance does not allow its users to sell coins in parts.

Since the value of a part of a coin may be less than the transaction fee, dust often settles in the account and nothing can be done with it. Binance customers were dissatisfied with this state of affairs, because dust accumulated over a long period of time can amount to quite significant amounts.

Previously, it was possible to exchange coin fragments for the exchange's native token Binance Coin, but only if such a fragment had a BNB trading pair, and if its value was not less than 0.01.

Binance exchange addressed the issue of dust accumulation by lowering the indicator required to sell a coin fragment and adding a special button on the platform for this purpose. According to the company's announcement, a "Convert to BNB" option has been added to the toolbar at the top of the screen. The cost of a coin fragment required to convert dust is now between 0 and 0.001 bitcoin (approximately $8.7 USD), and the coin fragment must be denominated in an exchange-traded token.

According to https://www.financemagnates.com