How to Convert Small Balances to MNT on Bybit? (Dust Swap)

Dust Swap Overview

1. Dust Swap is a built-in feature on Bybit that automatically converts negligible token balances—commonly referred to as “dust”—into MNT, the platform’s native utility token.

2. These small balances typically result from partial fills, trading fee refunds, or leftover amounts after stop-market executions where rounding discrepancies occur.

3. The conversion occurs in batches at scheduled intervals and does not require manual initiation by the user.

4. Minimum dust thresholds vary per asset but generally start at values equivalent to less than $0.10 USD in market value.

5. Users cannot disable this function; it operates system-wide across all spot wallet sub-accounts linked to the main Bybit account.

Eligible Assets for Conversion

1. Over 120 tokens are currently supported for Dust Swap, including major altcoins like ADA, XRP, DOT, SOL, and stablecoin variants such as USDC and DAI.

2. Tokens must be listed on Bybit’s Spot Market and maintain active liquidity depth to qualify for inclusion in the program.

3. Newly listed assets undergo a 72-hour stabilization period before becoming eligible for automatic dust conversion.

4. Delisted or suspended tokens are excluded even if residual balances remain in the wallet.

5. MNT itself is never subject to dust conversion since it serves as the target asset for all swaps.

Conversion Mechanics and Timing

1. Dust Swap runs every 24 hours at 02:00 UTC, processing all qualifying balances accumulated during the prior cycle.

2. Exchange rates used in conversion are derived from Bybit’s internal price oracle, which aggregates real-time mid-prices from multiple liquidity providers.

3. No slippage protection or rate locking is applied—the final MNT amount reflects the exact oracle rate at execution time.

4. Converted MNT is credited directly to the user’s Spot Wallet without requiring confirmation or additional steps.

5. Transaction records appear under the “Wallet History” tab with the label “DUST SWAP” and include original token symbol, converted quantity, and resulting MNT amount.

Fees and Tax Implications

1. Bybit does not charge any explicit service fee for Dust Swap operations.

2. However, users may incur implicit costs due to bid-ask spread compression within the oracle pricing model.

3. Each conversion generates a taxable event in jurisdictions recognizing crypto disposals as capital gains triggers.

4. The cost basis for the newly acquired MNT is determined by the fair market value of the original dust asset at the moment of swap execution.

5. Historical swap data can be exported via Bybit’s API or CSV download tools for accounting reconciliation purposes.

Frequently Asked Questions

Q1. Can I choose to convert dust into USDT instead of MNT?No. Dust Swap exclusively converts eligible assets into MNT. There is no option to select an alternative destination token.

Q2. Why did my SHIB dust balance not convert even though it appeared in my wallet?SHIB was temporarily excluded from Dust Swap during periods of network congestion or when its market value dropped below the dynamic eligibility threshold set by Bybit’s risk engine.

Q3. Is there a minimum balance required before Dust Swap initiates?Yes. Balances must exceed the asset-specific dust floor, which ranges between 0.000001 and 100 units depending on volatility and liquidity metrics.

Q4. Do futures or margin wallet balances participate in Dust Swap?No. Only Spot Wallet balances are processed. Futures positions, isolated margin accounts, and funding wallets remain unaffected by this mechanism.