Post
Topic
Board Trading Discussion
Re: Trade with Binance's "Convert" tool for $0 fees?
by
jeraldskie11
on 04/05/2023, 08:41:38 UTC
My question is why many traders to buy and sell use the spot trading (where there are buy, sell buttons and order book) with fees instead of using the "Convert" tool without fees?
According to what I know about "Convert" tool, you can't choose whether to sell or buy at what price, but just what the current price is. As a result, I understand why individuals prefer to utilize "Spot" instead of a zero fee "Convert" tool.

1. Because Binance doesn't have a feature like "Spot" that can be seen immediately. Or they didn't explore in Binance of what's the new features and how to use them.

2. Because traders can't afford the current price in the market, and they don't have time to wait for the price to reach their desired price.