PRO-TIP: Do not trust the CONVERT feature on exchanges. Using the BINANCE COVERT function WILL cost more than a MARKET BUY.

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PRO-TIP: Do not trust the CONVERT feature on exchanges. Using the BINANCE COVERT function WILL cost more than a MARKET BUY.

I've been using the Binance convert function to buy QNT using BUSD. For the past 6 weeks, once per week, I used the convert to buy some sweet sweet QNT, as I thought it simply works the same as If I went on the pair and market bought – makes sense to me. Today, I found that when I compared the market buy order price vs convert I was actually buying QNT at ~1% more than the ask price (taking into account order size)… I'm pretty cheesed to not have checked earlier on, but happy to know this now.

QUESTION EVERYTHING

submitted by /u/Tkldsphincter
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