What is this small balance?

Paying exchange fees in the trading currency itself (base asset) will result in the balance being broken down to decimal places.

Exchanges have specific rules for each currency and many do not accept orders with values with decimal places.

Example LINK/BTC:

• If in a trade you buy 14 LINK and pay the commission fee with LINK (base asset), it will result in a balance of 13.98 LINK (14 - 0.014 LINK).

• When exiting the position, the LINK rule dictates that decimal places can't be accounted for, and the balance available to close the position is 13 LINK.

• In addition to paying the commission fee in BTC, you were left with 0.98 LINK unsold and without counting it in your profit.

Results:

• 7% of your coins couldn't be sold to account for your profit.

• 0.98 LINK remains in your wallet.

Troubleshooting by exchange

• Binance
  • Frequently convert small balances into BNB.
  • Activate commissioning in BNB
    Binance: Using BNB to pay fees and earn 25% discounts
    
  • Sign up on Binance using our affiliate link and receive an additional 20% cashback in BNB on the commission of all your orders. Click here.
    
    
• Bybit
  • Frequently convert small balances into MNT.
    Bybit: convert small balance to MNT
    
    
• Kraken
  • The small balance problem does not occur for this exchange as the fees are charged by the "quote asset".
    
    
• Kucoin
  • The small balance problem does not occur for this exchange as the fees are charged by the "quote asset".
  • Frequently convert small balances into KCS.
    Kucoin: convert small balance to KCS
    
    
• OKX
  • Frequently convert small balances into OKB.
    OKX: convert small balance to OKB
    
    

Migrate to Binance and pay fees in BNB.

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