When you perform cryptocurrency transactions, you may be left with some crypto dust, or small amounts of leftover funds in your wallet. Learn what crypto dust is and what you can do with these trace amounts of crypto.
Everything you need to know about crypto dust, why it accumulates, and how to get rid of 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 crypto exchanges like Binance.US offer easy-to-use tools that allow customers to convert their dust to cryptocurrencies like BNB. In this article, learn what crypto dust is and what you can do with your leftover dust.
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 some 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.
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 or owners. 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.
What to do with crypto dust?
If you’re looking to “get rid of” or consolidate your crypto dust, some crypto platforms like Binance.US offer tools that allow you to easily consolidate and convert your dust to a single cryptocurrency. By doing so, you may be able to consolidate your dust to a more usable amount — so you can sell, transfer, or even stake your funds.
Binance.US allows you to convert small balances with a value under $20 to BNB. You can convert single or multiple qualifying balances to BNB in a few seconds. A small conversion fee applies.
Simply log in to your account, visit your Wallet page, and click “Convert Small Balances to BNB” to get started.
Looking forward to tidying up your crypto wallet? Once you've converted your crypto dust to BNB, don't forget to stake your BNB to earn up to 6.4% APY!
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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.