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Author Topic: How i can get low number of coins from binnance  (Read 122 times)
theobserverr (OP)
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April 19, 2018, 10:37:44 AM
 #1

Hi all,

i have small remains of various coins in binnance but they r so small i can not exchange them .

Does anyone know what to do?

Thx.
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pooya87
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April 19, 2018, 11:00:05 AM
 #2

unfortunately there isn't much you can do about it because you are limited by the trading rules of the platform (https://support.binance.com/hc/en-us/articles/115000594711-Trading-Rule) which is 0.001BTC worth of altcoins or nearly $8 with current rate and if you have less than that value then maybe it is not worth selling it!

the only workaround that i can think of is to transfer those coins to another exchange which allows lower order sizes. i believe cryptopia still allows such small orders and has most coins. but make sure that the withdrawal fees of those altcoins are not higher than your balance and also make sure the wallets on both exchanges are operational.

.
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max2607
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April 19, 2018, 12:26:32 PM
 #3

unfortunately there isn't much you can do about it because you are limited by the trading rules of the platform (https://support.binance.com/hc/en-us/articles/115000594711-Trading-Rule) which is 0.001BTC worth of altcoins or nearly $8 with current rate and if you have less than that value then maybe it is not worth selling it!

the only workaround that i can think of is to transfer those coins to another exchange which allows lower order sizes. i believe cryptopia still allows such small orders and has most coins. but make sure that the withdrawal fees of those altcoins are not higher than your balance and also make sure the wallets on both exchanges are operational.
It won't be worth doing that the fees of both the exchanges will suck up most of his altcoins and having the coins on binance is probably the worst situation there fees is so high for most of the altcoins

What he can do instead is buy those coins from exchanges like shapeshift and directly transfer it to binance (keep in mind the minimum trade rule) and then you can sell it off
theobserverr (OP)
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April 20, 2018, 02:47:03 AM
 #4

Thank you for your answers but as i trade different coins (buy sell) the amount of the remains is starting to be considerable. It is very weird that there is no option to do something with themm
hoanghai101296
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April 20, 2018, 03:31:13 AM
 #5

Hi all,

i have small remains of various coins in binnance but they r so small i can not exchange them .

Does anyone know what to do?

Thx.
Buy BnB (Binance) when you trade other currencies, the fee will be deducted by BnB coins
pooya87
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April 20, 2018, 04:22:10 AM
 #6

unfortunately there isn't much you can do about it because you are limited by the trading rules of the platform (https://support.binance.com/hc/en-us/articles/115000594711-Trading-Rule) which is 0.001BTC worth of altcoins or nearly $8 with current rate and if you have less than that value then maybe it is not worth selling it!

the only workaround that i can think of is to transfer those coins to another exchange which allows lower order sizes. i believe cryptopia still allows such small orders and has most coins. but make sure that the withdrawal fees of those altcoins are not higher than your balance and also make sure the wallets on both exchanges are operational.
It won't be worth doing that the fees of both the exchanges will suck up most of his altcoins and having the coins on binance is probably the worst situation there fees is so high for most of the altcoins

What he can do instead is buy those coins from exchanges like shapeshift and directly transfer it to binance (keep in mind the minimum trade rule) and then you can sell it off

if he wants to buy more coins to cover the difference then i don't see any reason for using another place to buy them such as shapeshift. he can simply place a buy order at a lower price to buy the difference inside Binance itself and them place a sell order at a little higher price to sell all that he got. this is better because you can buy near support for instance and  you set the price but buying from ShapeShift you will have to pay a higher price that they give you.

this is a little risky though because of the price fluctuations and the fact that some coins don't have the volume needed for you to fill an order fast!

.
.BLACKJACK ♠ FUN.
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████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
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░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
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