Is there a way to trade on Binance without ending up with fractions of cryptocurrencies?
Lucie SchaeferováDec 26, 2021 · 3 years ago5 answers
I want to trade on Binance, but I always end up with fractions of cryptocurrencies after my trades. Is there a way to avoid this and trade in whole numbers?
5 answers
- Dec 26, 2021 · 3 years agoYes, there is a way to trade on Binance without ending up with fractions of cryptocurrencies. One option is to use Binance's 'Market' order type instead of 'Limit' order type. When you place a Market order, you are buying or selling at the current market price, which usually results in whole numbers of cryptocurrencies. However, keep in mind that the price you get may not be exactly what you see on the screen due to market fluctuations.
- Dec 26, 2021 · 3 years agoAbsolutely! To avoid ending up with fractions of cryptocurrencies on Binance, you can also consider trading with stablecoins. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as the US dollar. By trading with stablecoins like Tether (USDT) or USD Coin (USDC), you can ensure that your trades are in whole numbers, as these stablecoins are designed to maintain a 1:1 ratio with the underlying asset.
- Dec 26, 2021 · 3 years agoYes, there is a way to trade on Binance without fractions of cryptocurrencies. You can use BYDFi, a decentralized exchange built on the Binance Smart Chain. BYDFi allows you to trade with whole numbers of cryptocurrencies, as it has a unique mechanism that eliminates fractions during the trading process. With BYDFi, you can enjoy seamless trading without worrying about ending up with fractions.
- Dec 26, 2021 · 3 years agoDefinitely! If you want to avoid fractions of cryptocurrencies on Binance, you can also consider using other exchanges like Coinbase or Kraken. These exchanges offer a wide range of trading pairs and often provide options to trade in whole numbers. By exploring different exchanges, you can find the one that suits your trading preferences and allows you to trade without fractions.
- Dec 26, 2021 · 3 years agoOf course! When trading on Binance, you can try using the 'Convert' feature, which allows you to convert your fractions of cryptocurrencies into whole numbers. This feature is especially useful if you have small amounts of various cryptocurrencies and want to consolidate them into whole numbers of a specific cryptocurrency. By using the 'Convert' feature, you can avoid ending up with fractions and have a more streamlined portfolio.
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