Why does my Binance show 'using small format' when dealing with cryptocurrencies?

3 answers

• Nov 25, 2021 · 3 years ago
  The message 'using small format' on Binance usually appears when you're trying to place a trade order with a very small amount of a cryptocurrency. Binance has a minimum order size requirement for each cryptocurrency, and if your order size is below that threshold, it will show this message. To resolve this, you can either increase the amount of cryptocurrency you're trying to trade or choose a different cryptocurrency with a lower minimum order size.
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• Nov 25, 2021 · 3 years ago
  When Binance shows the message 'using small format', it means that the amount of cryptocurrency you're trying to trade is below the minimum order size set by Binance. This is to ensure that the trading platform operates efficiently and to prevent spam orders with very small amounts. To avoid this message, make sure you're trading with an amount that meets the minimum order size requirement.
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• Nov 25, 2021 · 3 years ago
  I've encountered the same message on Binance before. It's just a notification that your trade order is below the minimum order size. Binance has this requirement to maintain the integrity of the trading platform and prevent unnecessary clutter from small trades. If you want to trade with smaller amounts, you might want to consider using BYDFi, another cryptocurrency exchange that allows for more flexibility in trade sizes.
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