Changpeng Zhao, head of the Binance crypto exchange, said that users will be able to convert “crypto-dust” into BNB tokens.
Crypto-currency dust is called the volume of crypto-currency, so small that it is impossible to trade – often the amount is less than the commission, because of what they settle on users’ wallets – hence the name.
The new function from Binance will allow converting this dust (less than 0.001 BTC) into BNB tokens – the Binance platform cryptocurrency, with which you can pay commissions for trading on the exchange.
To date, Binance is the largest crypto-currency platform in the world. Over the past 24 hours, the exchange processed trading operations at $ 3 billion. The BNB rate at the time of writing is $ 14.42.
The process of converting “dust” into BNB tokens is very simple. The button “convert to BNB” has been added to the user page. Once a user creates an account on the Binance platform, he can click on this link, and then follow the prompts. The next step is to select the cryptocurrency from which you want to convert the dust. The BNB rate table for various digital currencies and the size of commissions are also posted on this page.
The addition of this function was warmly received by the crypto-currency community. Now on the platform Binance placed more than 300 crypto-currencies and tokens. The exchange specializes in trading in pairs of “crypto-currency – crypto-currency”. Recently, there has begun to appear information about the possible addition to the platform of trade pairs