Binance Flash Exchange is a feature provided by the Binance platform that allows users to easily exchange one cryptocurrency for another. Let's take a look at how to use Binance Flash Exchange!
1. Visit Binance Flash Exchange: Log in to your personal Binance account and select the [Flash Exchange and Block Trade] product under the [Trading] menu at the top.
2. Select cryptocurrency: Select the cryptocurrency you want to exchange and receive.
You can use funds in your personal [Spot] and [Funds] accounts. If the balance is zero, you need to top up funds to your personal Binance account first.
By default, the exchange transaction will be executed as a market order, i.e. the exchange will be executed immediately at the best available price.
3. Enter the amount: Enter the amount of cryptocurrency you want to exchange.
4. Preview the exchange result: Click "Preview Exchange Result" to view the current exchange rate and the amount of cryptocurrency you will receive. The quote is automatically updated every 8 seconds.
5. Exchange: If you accept this offer, click [Exchange] to complete the transaction.
Limit Order
The above example uses a market order, which means that the exchange transaction is executed immediately at the best available price.
If you are not in a hurry to exchange, but want to set a specified price, you can place a limit order so that the exchange transaction will only be executed when the market price reaches the limit price you specify.
In the following example, the exchange transaction will only be executed if the market price of BTC drops from 65,860 USDT to 65,800 USDT.
