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User Benefit Feature: Convert Small Balance to BMX Tutorial

Dear BitMart users,

 

We're excited to bring you an exclusive new feature that enhances your experience on BitMart!

You can now easily convert small balances in your account into BMX, transforming those tiny amounts into something valuable and useful. 

 

What is a Small Balance?

A small balance is any amount in your spot account that falls below the lesser of these two values (excluding BMX): 

  1. The minimum trading amount multiplied by the USDT exchange rate
  2. The minimum trading volume in USDT

 

Eligibility Criteria:

  1. Balances estimated below 0.00000001 BMX cannot be converted.
  2. Tokens that are not listed, delisted, have deposits or withdrawals disabled, have all trading pairs suspended, or lack a conversion rate are not eligible.
  3. Tokens must comply with our risk control policies.

 

This feature is designed to maximize user benefits and ensure no balance goes to waste. Start converting your small balances today and enjoy the full potential of BMX on BitMart!

 

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We currently have TWO methods to convert small balances to BMX, one is from the website, and the other one is using our BitMart App.

 

Method 1: The Website 

  1. Use your browser to visit [BitMart Login] (https://www.bitmart.com/login/en) to sign in to your BitMart account. If you do not have a BitMart account, register via [BitMart Register](https://www.bitmart.com/register/en).

  1. Go to the BitMart homepage. Move the cursor to "balance" (top-right corner), then you will see a drop-down menu. Click “Spot”.

  1. Select "Convert Small Balance to BMX"

  1. Choose the coin(s) you want to convert (multiple selections are allowed)

 

  1. Click the “Convert” button at the bottom right

 

  1. Verify the amount of BMX to be converted and the fee, then click “Confirm” to confirm the conversion

  1. Conversion completed

 

Method 2:  APP

  1. Open BitMart app.
  2. Tap the "balance" icon at the bottom right.

  1. In the top navigation bar, select “Spot”.

  1. Select "Convert Small Balance to BMX"

  1. Choose the coin(s) you want to convert (multiple selections are allowed)

  1. Click the “Convert” button at the bottom right

 

  1. Verify the amount of BMX to be converted and the fee, then click “Confirm” to confirm the conversion

  1. Conversion completed

 

Conversion Rules

  1. The conversion feature is available to all logged-in KYC1 users.
  2. Only small balance in the spot account can be converted. Balance in other accounts need to be transferred to the spot account first.
  3. The conversion does not go through spot trading but is done via direct exchange rate conversion.
  4. For tokens with direct rates against USDT, USDC, BTC, or ETH, those rates will be used. For other tokens, USDT will serve as an intermediate step to determine the BMX conversion rate.
  5. Upon successful conversion, BMX will be credited to your spot account.
  6. Users can perform one small asset conversion per day (UTC 00:00-24:00). Each conversion is capped at a total equivalent of 20 USDT.
  7. If the token price fluctuates by 5% or more during the conversion process, the operation will be halted.
  8. A 2% service fee will be applied to all conversions, deducted in BMX upon successful conversion.

 

 

If you have further questions, please contact our customer support by submitting a customer support ticket in our support center.

 

 

 

BitMart Team

June 19, 2024

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