How To Change Ltc To Eth On Binance

Whether yous are a retail crypto user in a hurry to exchange one token for another or a large-scale trader who seeks out the best rates without affecting the markets, Binance Catechumen is for you. I northward this article, we volition walk you through some of the benefits of Binance Catechumen, likewise as a brusk recap of our existing features.

How Binance Convert Drives More Crypto Deals

We recently launched Binance Convert , a new service where y'all can transform the cryptocurrency you hold into another cryptocurrency, in a matter of seconds. Binance Convert likewise powers the Convert function of the Binance app and is the main option for buying crypto on the app'south Binance Lite mode.

With its easy-to-use interface fifty-fifty for crypto beginners, Binance Catechumen has played a central role in getting more people into crypto. Binance Catechumen'southward active users grew 144% between January and February, and this growing group of users was behind a whopping 216% increase in trading volume on the service in a affair of ane month.

Binance Convert has also fabricated it possible for crypto users to buy the token they want at a moment'southward notice, which is crucial when you desire to react quickly to trends in the crypto space. When DOGE surged on Jan. 29, following a Reddit-fueled ownership frenzy, Binance Catechumen saw a 618% increment in DOGE trade volumes compared to daily averages. On the same mean solar day, when Tesla CEO Elon Musk showtime explicitly expressed his back up for Bitcoin via Twitter, Binance Convert recorded a 272% increase in average BTC volumes .

Year to date, the most popular tokens on Binance Convert are BTC, ETH, BNB, ADA, XRP, DOT, DOGE, LTC, LINK, and VET. Hither's a video showing you lot how to utilise Binance Convert:

Advantages of Binance Convert

Binance Convert provides several benefits to every kind of crypto trader, from beginner to expert:

1. Easy to Use. Binance Convert is user-friendly even for new users, particularly compared to spot exchange trading. You only need to learn how to enter the amount you want in the transaction and to preview the quote given.

two. Instant Settlement. With our OTC Portal, there's no need to wait for the order book to fill out or for bids to become filled to complete the transaction. This is convenient for beginners who just want a simple way to buy crypto, as well every bit experts who want to execute their moves equally fast every bit possible.

iii. Support for Several Token Pairs. There are thousands of token combinations that you can make on Binance Convert, some of which are not even amidst the trading pairs on the Binance spot exchange. This gives users more flexibility regarding how they desire to convert their tokens from one class to some other.

4. Privacy. As trades are settled straight into users' Binance accounts, there is no blockchain transaction or 3rd-party entities needed, and users will take the aforementioned top-notch security provided throughout the entire Binance substitution.

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How to Use Binance Catechumen

It takes just iv simple steps, all of which can be completed in seconds, to complete a crypto deal on Binance Convert.

Stride 1: Go to Binance Catechumen .

- On the Binance website, go to Merchandise on the top left part of the homepage, then choose Convert.

- On the Binance app, go to Trades (the middle option on the lesser part of your screen), then choose Convert at the height left part of your screen (for the default version of the app) or on the pop-upwards that shows up (for Binance Lite).

Step 2: Select the token y'all have and the token you want to buy. You tin choose to enter the number of tokens you want to apply (at the summit part) or the number of tokens you want to proceeds (at the bottom function).

Stride iii: Click Preview Conversion . You will then come across the price quote for the transaction you're considering. You have 5 seconds to approve the quote shown to you and fulfill the deal. If the 5 seconds expire, click Refresh to get a new rate.

Step four: Click Convert . The transaction takes less than a second, and you'll see the crypto you bought in your Spot Wallet.

Utilise Binance Convert Today