Binance Trading vs Conversion: What's the Difference?

CANVA

#Binance is one of the best crypto exchange which allows with many facilities to its users especially when it comes to trading.

It's one of the best platform that charges with least fees commission and also fast and convenient.

Many traders are confused about the difference between trading and conversion. In this post I will try to cover about this confusion and will share my knowledge about what is trading and how conversion works.

The process of both are almost same, in trading what you do is that you buy with the stable coin any of the cryptocurrency and sell back.

While conversion does the same process where you convert your stable coin to any altcoin and then that altcoin back to stable coin.

With trading you can't trade with almost every crypto coin but in conversion you can convert any of your crypto coin to any other coin.

You may have read about conversion rules that there are no fee charges if you convert but still there is a huge gap which you will see during the conversion.

This is the insider profit for the exchanges.

They charge their fees and take their benefits of the facility they provided to the user that is conversion.

According to my calculation, when you do trading, the fee commission on both sides is around 0.2% in Binance.

but with the conversion you will be charged around 0.25% which is much more than trading, therefore in conversion you will have to give more commission fees as compared to trading but they have provided with the better facility that is you can convert any of your altcoin to other coin and that's its amazing part.

I hope this post will be informative to you guys.

THANK YOU!