Key points

Maximize the advanced features of Binance Convert, like Convert Recurring, and earn while you wait with Limit orders and TP/SL orders.

Build positions steadily using Convert Recurring. Schedule regular investments at your preferred time interval.

Put your idle funds to work earning rewards on assets set aside for Limit orders.

Automate profit-taking and risk management with the integrated TP/SL orders in Convert.

Discover the latest update from Binance Convert. You can now apply a dollar-cost averaging strategy using recurring orders, earn rewards on the assets reserved for a Limit order, and automate exits with Take Profit and Stop-Loss (TP/SL) orders.

It's the same clean experience but with more precision where it matters. Navigate the crypto market with confidence, without the complexity of charts or order books.

What is Binance Convert?

New to Convert? Here's a quick rundown of our simplest trading product.

Binance Convert simplifies crypto trading with an easy menu for beginners. By design, it's light on features for those who prefer a straightforward experience. You only need 3 steps to make a trade:

Choose the assets you want to trade; start with as little as 0.01 USD.

Get a real-time quote with the current rate.

Review the quote and confirm the trade.

Our latest update adds a range of advanced controls without turning Convert into a full trading terminal. First, let's see how you can optimize your investment strategy with recurring orders.

Easily average with Convert Recurring

"Time in the market beats timing the market." Instead of trying to predict when prices will rise or fall, many investors prefer to invest small amounts regularly.

This strategy is called dollar-cost averaging (DCA), a straightforward technique that helps you build a position gradually and reduce the impact of timing errors.

With Convert Recurring, DCA is easy to schedule and follow. See what you can do with Convert Recurring:

Maximum execution period: Choose how long your plan lasts (weeks or months) so you never "set and forget" outside your comfort zone.

Limit price ranges: Execute only within the price ranges you define. Your entry prices stay aligned with your strategy and risk tolerance.

Maximum investment: Set the total amount you want to allocate to your recurring plan

Test it out with the Convert Recurring Plan simulator

Before trading with real money, test your plan with the Convert Recurring Plan simulator.

The simulator projects costs, potential PnL ranges, and how each setup would perform over time. Compare scenarios in detail: weekly vs. monthly, wide vs. tight price ranges, high vs. low limits. Adjust the parameters to fit your goals and risk tolerance.

Earn while you wait with Convert's Limit orders

Traditional Limit orders typically lock up your funds until the target price is reached. Now you can have those assets earn yields at the same time.

When placing a Limit order in Convert, you can choose for the reserved assets to earn APR rewards through Earn Flexible:

Assets are held in your Earn wallet and continue generating rewards while your Limit order is active.

If the order is executed, the system automatically redeems only the necessary amount from your Earn wallet to execute the trade.

If you cancel the order or it expires, your assets remain in your Earn wallet and continue generating yields until you decide to redeem them or use them in another product.

This way, you don't have to choose between locking up funds for a trade and growing them with our passive reward products.

Introducing Take Profit and Stop-Loss for instant orders in Convert

Once you have a position, monitoring price movements all the time isn't practical for most. That's where Take Profit (TP) and Stop-Loss (SL) come in.

With TP/SL orders integrated into Convert's instant orders, you can plan ahead. Choose a target price for Take Profit and a Stop-Loss price to minimize risk if the trade goes south.

The most important thing: TP/SL orders take the emotion out of trading. Instead of worrying about every price movement, you set the profit you want to take and the loss you're willing to accept.

How to create a TP/SL order in Binance Convert

Setting up your first TP/SL in Convert is straightforward:

Step 1: Activate advanced settings for TP/SL by following these steps:

Step 2: Enter the Take Profit price for the system to automatically take profits and the Stop-Loss price to close the position.

Step 3: Preview the quote and confirm the trade if you're satisfied with the rate.

👉 Set up your first TP/SL order in Binance Convert

Binance Convert: More precision, same simplicity

Everything we present integrates seamlessly into the Convert experience. As always, there are no charts, order books, or technical indicators for you to master.

Open Convert today and try creating a TP/SL on your next trade, or set up a recurring plan and simulate it. If you prefer Limit orders in Convert, activate Earn Flexible to earn rewards while waiting for your order to fill.#BinanceSquareTalks #WallStreetNews