How to use the Binance Convert tool? (Zero-fee Swap)

Understanding Binance Convert Functionality

1. Binance Convert is an integrated on-chain tool accessible directly through the Binance web interface and mobile app without requiring users to navigate external decentralized applications.

2. It supports over 500 cryptocurrency pairs including stablecoin-to-stablecoin, major altcoin-to-BTC, and fiat-pegged token conversions.

3. The system operates using real-time aggregated liquidity from Binance’s internal order book and select market-making partners, ensuring tight spreads.

4. Users do not need to place limit or market orders—conversion executes instantly upon confirmation with a fixed rate locked for 10 seconds.

5. No KYC verification is required for conversions under $2,000 USD equivalent per transaction, though higher tiers may trigger identity checks based on jurisdictional policies.

Navigating the Conversion Interface

1. Log in to your Binance account and locate “Convert” under the “Trade” dropdown menu or via the quick-access toolbar on the homepage.

2. Select the source asset from the “From” field—options include BTC, ETH, USDT, BUSD, and dozens of ERC-20 and BEP-20 tokens.

3. Choose the destination asset in the “To” field; the interface automatically displays the estimated output amount and implied exchange rate.

4. Enter the amount to convert; the system recalculates output dynamically and highlights slippage thresholds if applicable.

5. Click “Convert Now” and confirm the transaction using your 2FA method—no wallet signature or gas fee prompt appears since execution occurs off-chain within Binance’s custody layer.

Zero-Fee Mechanics and Limitations

1. Binance absorbs all trading fees for Convert transactions, meaning users pay no explicit commission regardless of volume or pair.

2. The zero-fee structure applies only to standard conversions; leveraged or cross-margin conversions are excluded and subject to separate fee schedules.

3. Spread-based pricing replaces traditional maker/taker fees—this spread varies by liquidity depth and volatility but remains visible before confirmation.

4. Daily conversion limits are enforced per account tier: VIP0 users face a $50,000 daily cap, while VIP3+ accounts enjoy unlimited conversion volume.

5. Assets held in Binance Earn, Locked Staking, or Sub-Accounts cannot be converted directly—funds must first be moved to the main Spot Wallet.

Security and Settlement Behavior

1. Converted assets settle instantly into the user’s Spot Wallet with no blockchain confirmation delay—even for cross-chain swaps like ETH to BNB.

2. All conversions are atomic from the user’s perspective: either the full amount is credited or the transaction fails with no partial execution.

3. Binance retains full custody during conversion; private keys are never involved nor exposed, eliminating signing risks associated with self-custodial bridges.

4. Transaction history is permanently recorded in the “Convert History” tab with timestamps, hash references (where applicable), and rate details.

5. In cases of extreme market dislocation, Binance reserves the right to pause conversions for specific pairs without prior notice to preserve capital integrity.

Frequently Asked Questions

Q: Can I convert assets held in my Binance Savings account using Convert?A: No. Only assets in the Spot Wallet are eligible. You must redeem from Savings first, which may incur a short settlement delay depending on product type.

Q: Does Convert support NFTs or tokenized real-world assets?A: Not currently. The tool exclusively handles fungible cryptocurrencies and stablecoins listed on Binance’s Spot Market.

Q: Why does the estimated output change when I adjust the input amount?A: This reflects dynamic liquidity aggregation—the larger the size, the greater the impact on weighted average rate across available liquidity sources.

Q: Is there a minimum conversion amount?A: Yes. Minimums vary by asset—for example, 0.001 BTC, 0.01 ETH, or 1.00 USDT—but are always displayed before submission.