How to Swap Cryptocurrencies to Stablecoins on Binance?
Stablecoins are so essential for the crypto market, as they help in hedging risk. In this guide, we will explain to you how to swap stablecoins on Binance.
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
There’s FUD after the infrastructure bill, as Monday sees the biggest correction. Algorand, Litecoin, and Chainlink are down. Bitcoin dropped to below the 60K level mark and Ethereum is no better at the $4200 level. As an investor, you are freaking out. How to deal with this situation? Well, swapping to stable tokens to mitigate further losses makes sense. Even if you are at 20% profit or some losses, your position would remain safe. That’s why stablecoins are so essential for the crypto market. In this guide, we will explain to you how to swap stablecoins on Binance.
Easiest Way To Swap To Stablecoins on Binance
Step 1
Login to Binance
Step 2
Click on Trade, followed by convert.
Step 3
Choose the token you wish to convert to a stablecoin like Tether. For example, if I wish to liquidate my 0.20575985 ETH, I would get 863.49795931 USDT. Theconfirmation time is 5 seconds. If you max out, hit the refresh button to get a new quote.
Step 4
Post the swap, click on wallet then overview.
Step 5
Click on see all coins to check your USDT balance. Binance displays all the coins with their balance right after their name. If I had initiated the swap,863.49795931 USDT would have reflected. But I am a little bullish on ETH. You can do your own research and swap your positions. The crypto market is volatile but you have ways to hedge risks.
Benefits of using Stablecoins
Related articles
- Binance CEO Changpeng Zhao’s Net Worth Plummets by Over 80%: A Crypto Empire’s Decline
- Binance to Exit Russian Market: Will Cryptos CRASH Again?
- How Crypto Hedging Works and Top Strategies to Boost Your Portfolio?
- Top 5 Biggest Stablecoins by Market Capitalization in 2022
- Bitcoin News: 19,197 BTC Withdrawn from Binance – Market Impact and 2024 Predictions
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
May 1, 2022 3:03 PM
Top 5 Worst Performing Crypto of The Week 17
The crypto market has been witnessing a general decline for some days. In this article we will look into the top 5 worst performing crypto.
March 29, 2019 6:59 AM
C³ Crypto Conference 2019 Highlights
The C3 Crypto Conference 2019, the prominent crypto conference of Germany, took place on March 27th & 28th 2019 in Berlin. This year’s conference represented the highlight of the Berlin Blockchain Week 2019. Organized in Maritim hotel, the event brought […]
January 3, 2024 2:30 PM
What’s the Reason Behind the Current Market Dump? Insights from the Recent Matrixport Report
Explore the reasons behind the crypto market dump with insights from Matrixport's report on the SEC's Bitcoin ETF decision.
May 28, 2023 9:06 PM
China’s Potential Crypto Ban Lift Could Trigger Crypto Market Explosion?
Understanding the reasons behind these bans and examining the potential implications of lifting China's crypto market ban is crucial.
July 28, 2022 10:29 AM
Ethereum is BACK above $1,600! Will Ethereum reach $2,000 soon?
The crypto market gained more than 8% in the past 24 hours, as Ethereum gained more than 10%! Will Ethereum reach 2000 $ soon again?
May 21, 2022 11:21 AM
Top 3 Undervalued Crypto to BUY after the Crypto Crash
In this article, we're going to list the top 3 undervalued crypto with big potential once the market recovers and turn into an uptrend.
October 5, 2021 9:32 PM
Crypto Trading Or Crypto Investing?
Trader have always confused the trading and investing strategy. In this article, you will learn the notable differences between the strategies
May 20, 2021 5:45 PM
Why did Cryptocurrencies crash on May 19?
Given the volatility of crypto, there is some normal anxiety on the market, but a series of recent events led to a severe crypto crash.
August 22, 2019 9:55 AM
Samsung enters the Cryptocurrency market with Smart Pay
Samsung is intending to bet everything on Cryptocurrencies as they hope to consolidate it with their current installment framework Samsung Pay. Samsung Pay is said to represent around 80 percent of the piece of the pie of the portable installment […]
August 5, 2023 3:09 PM
Comprehensive Guide to Cryptocurrency Trading Bots
Delve into our comprehensive guide to cryptocurrency trading bots. Understand their importance, factors to consider when selecting a bot, and an in-depth analysis of top bots. Amplify your crypto trading potential.
June 14, 2022 2:08 PM
Top 5 reasons why the Crypto Market is Crashing – You may have missed these!
The crypto market crashed hard in 2022. However, there are many factors that contribute to this decline. Why is the crypto market crashing?
August 24, 2021 10:33 AM
What are long and short positions in cryptocurrencies?
The concept of long and short is simple and easy to understand. The basic principle behind Crypto Trading is necessary for every trader. Long and short
December 13, 2023 1:27 PM
Understanding the Recent Crypto Market Drop
Find out why the crypto market went down and then back up again, focusing on Bitcoin and Ethereum's quick bounce back.
April 17, 2022 12:05 PM
Top 5 Small Cap Crypto To Invest in April 2022
With the crypto market undergoing volatility, this article focuses on the top 5 small cap crypto that traders can purchase in the market.
January 10, 2022 2:23 PM
These 4 Famous Companies entered the Crypto World in 2021…Who will we See in 2022?
Let's take a look at 4 big crypto companies that have enriched the crypto market over the past year and embraced blockchain tech.
September 10, 2020 10:28 PM
The Crypto Market Is Bleeding! When Does The Bloodbath End?
As the saying goes: „the time to buy is when there’s blood in the streets.“ – Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family. What’s next for the crypto market, was that it…? For […]
December 30, 2019 2:22 PM
Ethereum Price Forecast 2020: Are Ethereum Coins worth it?
Ethereum is still, after Bitcoin, the undisputed number 2 of all cryptocurrencies. With an Ethereum price per coin of USD 136, Ethereum currently has a market capitalization of USD 14.8 billion. Ethereum price forecast – Ethereum has two major problems During […]
December 29, 2019 7:37 PM
Top 5 Cryptocurrency for Day Trading in 2019
We all know how trading works. Whatever cryptocurrency you buy at a certain price, you essentially sell it for more than that price to make a profit. Day trading can be considered as short-term trading where you hold the asset […]
August 23, 2023 7:40 AM
Bitcoin News: Whales on the Move- $59 Million Worth of Bitcoin Withdrawn from Binance!
Bitcoin, the pioneering cryptocurrency, has seen its share of ups and downs. Let's take a look at this Bitcoin news in more detail.
July 25, 2020 5:08 AM
Bitcoin Could Remain Behind if it Doesn’t Keep up With ETH
Bitcoin has been flat for the past three months. While many big investors have kept accumulating Bitcoin, the majority of traders and smaller investors are taking their money elsewhere. Grayscale, one of the biggest Bitcoin trust funds in the world […]
December 14, 2018 9:52 PM
Crypto News Of The Week In 5 Minutes
Blockchain and crypto world is full of innovations, assumptions and sometimes wildly wrong predictions. If you’ve missed the top stories of this week, this post provides a comprehensive look at the top crypto news that made headlines. A lot has […]
March 26, 2024 5:32 PM
BREAKING NEWS: KuCoin Crypto Exchange Accused of Multi-Billion Dollar Crime
The US government has leveled accusations against the cryptocurrency exchange KuCoin and its two founders, Chun Gan and Ke Tang.
February 28, 2024 1:24 PM
The Upcoming Crypto Super Thursday 2024: A Day of Launches, Rewards, and Excitement
As the crypto world gears up for what enthusiasts are dubbing "Crypto Super Thursday," anticipation is at an all-time high
February 26, 2024 7:15 AM
Top 3 Cryptos to Buy in March 2024
Here are three cryptos you can snag in March. Let's take a look at the top 3 cryptos to buy in March 2024.
December 10, 2023 3:04 PM
How to Earn Passive Crypto Income with Bitget Copy Trading
No need to stay on your screen and follow the markets to earn and trade. Here's how to earn passive crypto income with Bitget copy trading.
More from CryptoTicker