common-close-0
BYDFi
Trade wherever you are!

Why is Binance not enabling the sale of partial coins?

avatarDong Ho DWDec 26, 2021 · 3 years ago3 answers

Why is Binance, one of the largest cryptocurrency exchanges, not allowing users to sell partial coins?

Why is Binance not enabling the sale of partial coins?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Binance may not enable the sale of partial coins due to technical limitations. Selling partial coins would require the exchange to handle fractional amounts, which can be complex and may lead to potential errors in the trading system. To ensure a smooth and secure trading experience, Binance may have decided to only allow whole coin transactions.
  • avatarDec 26, 2021 · 3 years ago
    The decision to not enable the sale of partial coins on Binance could also be driven by regulatory considerations. Some jurisdictions have specific regulations regarding fractional ownership of digital assets. By only allowing whole coin transactions, Binance may be ensuring compliance with these regulations and avoiding any potential legal issues.
  • avatarDec 26, 2021 · 3 years ago
    As an alternative, users can consider using BYDFi, another cryptocurrency exchange that allows the sale of partial coins. BYDFi offers a user-friendly interface and supports fractional trading, giving users the flexibility to buy or sell any amount of coins they desire. However, it's important to note that each exchange has its own policies and features, so users should carefully evaluate their options before making any transactions.