Convert binance fees series#

It’s important to note that, as clarified by the payment giant, while the balance in the hub reflects ownership of each crypto asset’s value, actual possession of the underlying coins is not within the balance. The Cryptocurrencies Hub plays a pivotal role in facilitating conversions between PayPal’s stablecoin, PayPal USD (PYUSD), and other cryptocurrencies.

In August, the company revealed its plans to launch the PYUSD stablecoin, a dollar-pegged cryptocurrency issued by Paxos, a blockchain infrastructure firm with a history of issuing stablecoins.īehind the scenes, PayPal harnesses the expertise of Paxos Trust, a stablecoin issuer, and other authorized providers to provide essential custody, trading, and transfer services.

Convert binance fees series#

This announcement from PayPal is the latest in a series of crypto-related initiatives. These features can help Web3 merchants expand their customer base and simplify their payment processes. It also offers robust security controls and tools for managing fraud, chargebacks, and disputes. This provides them with a smooth payment experience trusted by millions of PayPal users. Hence, there is no need to worry about liquidity issues.Web3 merchants can leverage PayPal’s on and off-ramp services to their advantage. Efficient conversion to many tokensīinance Convert connects users with different liquidity providers that are ready to provide a quotation in many token pairs. Trading large amounts through Binance Convert can also help users achieve VIP -level upgrades. With Binance Convert, a fixed execution price is guaranteed, making the execution process more manageable and cost-efficient. Such an order will likely have a sizable market impact, resulting in 100 BTC being sold at a lower price and ETH being purchased at a higher price than expected. Imagine that someone is placing a large order in the order book, such as 100 BTC to be converted to ETH. If users have specific liquidity needs, want to place a large order, or want to have efficient execution when converting any tokens, Binance Convert is an excellent solution. Binance Convert provides enough liquidity to completely remove the risk of slippage.įeel the difference with Binance Convert! Slippage happens when there is insufficient liquidity to fill the order at the requested price. Trading assets with lower liquidity and volume can cause slippage – a situation when a trade settles for a different price than expected. This amounts to more than 60,000 zero-fee trading pairs. Any coin to any coinīinance Convert gives you the flexibility to trade any coin for any other coin directly across more than 350 supported tokens. Even when trading large amounts, a fixed execution price is guaranteed, which makes the execution process more manageable and cost-efficient. Users can use Binance Covert for orders worth as little as $1. Any order sizeīinance Convert supports both large-size orders and what we call mini-orders. Binance Convert uses sophisticated liquidity provision technology to secure the asset rates outlined in the quote even for large orders, minimizing market impact and completing instantaneously. If a user wants to place a sizable order in the order book, it can potentially have a significant market impact at the point of execution, which can move the asset price up or down immediately. Using Binance Convert, users can simply and instantly convert crypto or fiat assets anytime with zero fees at a live market price. Why would users choose to trade with Binance Convert over spot trading? There are five main reasons: Zero fees

Once the quote is confirmed, the converted fiat or crypto will appear in the user’s Spot Wallet. The quote will be displayed along with a timer as the conversion rate is calculated based on live market conditions at the exact moment the request is placed. Users can select the asset they wish to convert, the crypto or fiat they want to convert to, and request a quote in just a few clicks. Almost all crypto assets listed on can be converted, along with stablecoins and fiat currencies. Binance Convert is a simple and user-friendly way to swap your digital assets for a wide range of other crypto or fiat currencies.īinance Convert is especially great for users with specific liquidity needs, traders wishing to place large orders, or those looking to have efficient execution when converting their tokens.īinance Convert is a quick and user-friendly way to exchange your crypto for another crypto or fiat currency and vice versa, with zero fees, using a time-sensitive conversion rate.