What steps should I take to avoid having fractions of digital currencies when conducting trades on Binance?

7 answers

• Jan 05, 2022 · 3 years ago
  One way to avoid having fractions of digital currencies when trading on Binance is to use the 'Market' order type instead of the '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 digital currencies. However, keep in mind that the market price can fluctuate, so you may not always get the exact whole number you desire.
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• Jan 05, 2022 · 3 years ago
  To avoid fractions of digital currencies on Binance, you can also consider trading with larger amounts. For example, if you want to buy 1 Bitcoin, you can place an order for 1.1 Bitcoin instead. This way, even if there are fractions left after the trade, it will still be a negligible amount. Just make sure to adjust the quantity accordingly based on the current market price.
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• Jan 05, 2022 · 3 years ago
  When conducting trades on Binance, you can use the 'Convert to Market Order' feature to avoid fractions of digital currencies. This feature allows you to convert your existing 'Limit' order into a 'Market' order, ensuring that you trade in whole numbers. However, please note that this feature is only available for certain trading pairs.
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• Jan 05, 2022 · 3 years ago
  If you want to avoid fractions of digital currencies when trading on Binance, you can also consider using the BYDFi exchange. BYDFi offers a feature called 'Fractional Trading' which allows you to trade with fractions of digital currencies. This way, you can trade with any desired quantity without worrying about fractions. However, please note that BYDFi may have different trading pairs and fees compared to Binance.
  41984
• Jan 05, 2022 · 3 years ago
  Another way to avoid fractions of digital currencies on Binance is to carefully select the trading pairs you trade with. Some trading pairs may have lower liquidity, resulting in fractions of digital currencies. By choosing trading pairs with higher liquidity, you increase the chances of trading in whole numbers.
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• Jan 05, 2022 · 3 years ago
  To avoid fractions of digital currencies when trading on Binance, you can also consider using the 'Convert to Market Order' feature. This feature allows you to convert your existing 'Limit' order into a 'Market' order, ensuring that you trade in whole numbers. However, please note that this feature is only available for certain trading pairs.
  34450
• Jan 05, 2022 · 3 years ago
  If you want to avoid fractions of digital currencies when trading on Binance, you can also consider using the 'Round Down' feature. This feature allows you to round down the quantity of digital currencies you want to trade, ensuring that you trade in whole numbers. However, please note that this feature is only available for certain trading pairs.
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