You know the difference between Digital Gold (BTC) and Digital Dollar (USDT). Now, how do you exchange them within Binance without complications?
Here are the 3 key steps using the "Convert" function, which is the easiest option to avoid mistakes:
๐ ๏ธ Step by Step:
Enter your Binance App: In the main menu, look for the button that says "Convert" (it is usually in the shortcut or in the Trade section).
Choose your coins:
If you want to secure profits: Select BTC above and USDT below.
If you want to buy the offer: Select USDT above and BTC below.
Confirm and youโre done!: Check the exchange rate, click "Convert" and your coins will appear instantly in your Spot wallet.
๐ก When to make the change?
From BTC to USDT: When you feel that the price has risen enough and you want to "freeze" your profit in dollars. โ๏ธ
From USDT to BTC: When you see that the price of Bitcoin drops and you want to buy cheaper to accumulate. ๐
โ ๏ธ Security Tip:
Before converting, always make sure to have your funds in the Spot Wallet or in the Funds Wallet. The process is free and has no hidden fees in the Convert option!
Have you already made your first exchange or do you still have questions about the fees? Leave your question below and I'll help you. ๐
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