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Learn to Trade on Binance with Less than 5 USDT using Conversion Features

Written by Editor, this article is based on the video titled “(💴 TRADE NA BINANCE COM MENOS DE 5 USDT – BINANCE CONVERT PREÇO LIMITE)” by Denny Torres.

Understanding Conversion Features in Binance

In the video, Denny Torres highlights a common issue faced by many Binance users: when they have less than 5 USDT and want to place a limit order but cannot. While there is an automatic conversion feature available, it uses the current exchange rate.

A New Conversion Method

Denny Torres introduces a new method that allows users to take advantage of this conversion without incurring any fees and still place limit orders below 5 USDT. This tip can save traders significant amounts of money.

How to Use the Binance Convert Feature

1. When you cannot place a Spot order due to insufficient funds, look for the “Binance Convert” option.
2. Choose between USDT and your preferred cryptocurrency (e.g., Matic).
3. Input the desired total value in Dollars.
4. Click on “Convert” to simulate the conversion or switch to the “Trade of Blocks” menu.
5. Select “Converter and Trade of Blocks,” then choose “Converter.”
6. Set your desired limit price instead of market price.

The Benefits of Binance Convert

• Allows users to place limit orders below 5 USDT without fees.
• Saves money for traders by providing a more cost-effective option.
• Can be found in the “Trade of Blocks” menu under “Converter and Trade of Blocks.”

Monitoring Orders

To check if an order has been executed, click on your Binance avatar and select the “Order History” option.

Conclusion

Denny Torres shares this valuable tip for Binance users who often face issues with placing limit orders due to insufficient funds. This feature can significantly benefit traders by allowing them to save money and make more strategic decisions.

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