Everything you need to know about crypto dust, why it accumulates, and how to convert it.
Have you checked your crypto wallet or balance recently? Did you notice some leftover funds in your account that are too small to sell or transfer? You may have some “crypto dust” in your account. Don’t worry, crypto dust is normal.
Some cryptocurrency platforms, such as Binance.US, provide user-friendly tools that enable customers to easily convert and consolidate their crypto dust to a cryptocurrency of their choice.
In this article, we will cover what crypto dust is and what you can do with the leftover dust in your Binance.US account.
What is crypto dust?
Crypto dust refers to trace amounts of cryptocurrencies in your wallet that have negligible value. Like the name suggests, crypto dust typically consists of funds that are leftover from trades or transactions.
Similar to a cash transaction where you may receive a few pennies as part of your change, you may not know how to manage or spend your dust. Because of its low value, dust is not easily transferred or sold. As a result, crypto holders may accumulate sizable amounts of dust as they conduct trades and transactions over time.
What to do with crypto dust on Binance.US
If you’re looking to clean up your crypto dust, some crypto platforms, such as Binance.US, offer tools that enable you to easily convert it into a single cryptocurrency of your choice. By doing so, you may be able to consolidate your dust to a more usable amount in order to sell, transfer, or stake your funds.
On Binance.US, you can convert small balances with a value under $20 to BTC, BNB, ETH, or USD.
To do so, simply download the latest version of the Binance.US mobile app, or log in using a web browser to get started. You can convert a single balance or multiple qualifying balances in a few seconds. A small spread applies when you use the Convert Small Balances feature.
For step-by-step instructions, refer to our guide on How to Convert Small Balances and Crypto Dust to BTC, ETH, BNB or USD.
I don’t recognize where my crypto dust came from. Should I be worried?
If you notice some crypto dust in your wallet that you don’t recognize, or you haven’t made any transactions or trades that may result in crypto dust, you may be affected by something called “dusting”, also known as a “dusting attack”.
During a dusting attack, a third party will send crypto dust to your wallet address and, oftentimes, thousands of other addresses, in order to track the transaction activity of wallets that receive the crypto dust.
Third parties conduct dusting attacks to analyze the targeted wallets in an attempt to link anonymous wallets to the identity of their real-world owner(s). These owner(s) may then be subject to phishing attacks or other attempts to contact targets for nefarious purposes.
Not all dusting attacks are malicious — some third parties will attempt to advertise their projects by including a message in the memo tag of their transaction.
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The information provided in this announcement is for informational purposes only, and it does not constitute an endorsement of any digital asset or services discussed herein, or investment, financial, or trading advice. Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.