- Users can convert the cryptocurrency they currently own into another crypto.
- To purchase crypto on the Binance Lite edition of the app is through Binance Convert.
Binance has expanded Binance Convert to include Terra Classic (LUNC) and Terra Classic USD (USTC). Users can now exchange LUNC and USTC for free against BTC, BUSD, USDT, and any other supported tokens through Binance Convert.
Users can quickly convert the cryptocurrency they currently own into another cryptocurrency using the Binance Convert service. The main way to purchase cryptocurrency on the Binance Lite edition of the app is through Binance Convert, which also powers the Convert feature of the Binance app.
To start it, Visit the Binance website, click Trade, then choose Binance Convert from the pop-up menu begin. In the second step,there is the option of entering either the number of tokens you want to use or obtain. The price quote for the transaction will subsequently appear in the third stage. In the click Convert option there is the cryptocurrency that is purchased in the Spot Wallet .
Tax Burn for LUNC and USTC
Last week, two prominent cryptocurrency trading platforms, KuCoin and Gate.io, declared their support for the 1.2% tax burn proposal put up by the Terra Classic (LUNC) community. All on-chain exchanges between wallets and smart contracts, including those using LUNC and USTC, will be subject to the proposed 1.2% Fee Parameter Change.
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