Different platforms give it different names but the bottom line is several CEXs have a feature to convert crypto ‘dust’ into their native token.
For reference, by crypto ‘dust’, they mean amounts of crypto that are so small they can’t converted or exchanged. So we’re generally talking about pennies, or even fractions of pennies.
Among others, crypto.com, Binance, Kraken and KuCoin have this feature.
With Kraken, it allows you to convert into USDC. With Binance, the amount it considers ‘dust’ is around $5 or less.
This feature is useful because it allows you to reuse and recycle dust left from transactions. Sometimes you’re left with pennies because even if you select ‘MAX’ or ‘100%’ when you perform an operation, perhaps a withdrawal or whatever else, you can still be left with some dust because the price changes constantly.
Coinbase doesn’t have this feature, but why? Coinbase has its own blockchain now, called Base, so why not implement a feature allowing you to convert crypto dust to ETH on Base, or perhaps USDC on Base?
It’d be useful.
The main image for this article was created with perplexity.ai
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