What happens to my cryptocurrency on Binance when I sell it?

3 answers

• May 18, 2022 · 3 years ago
  When you sell your cryptocurrency on Binance, it doesn't disappear from your account. Instead, it is converted into the currency you choose to sell it for. For example, if you sell Bitcoin for USDT, your Bitcoin will be converted into USDT and the corresponding amount will be credited to your account. You can then choose to withdraw the funds or use them for further trading.
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• May 18, 2022 · 3 years ago
  When you sell your cryptocurrency on Binance, it undergoes a process called liquidation. This means that your cryptocurrency is sold on the exchange at the current market price. The funds from the sale are then credited to your account in the form of the currency you sold it for. You can choose to withdraw the funds or keep them in your account for future trading.
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• May 18, 2022 · 3 years ago
  When you sell your cryptocurrency on Binance, the transaction is processed by BYDFi, the official partner of Binance. Your cryptocurrency is converted into the currency you choose to sell it for, and the funds are credited to your account. You can then withdraw the funds or use them for trading on Binance. BYDFi ensures a secure and efficient transaction process for Binance users.
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