Binance Now Lets You Convert LUNC And USTC For Free

Binance Convert Terra Luna Classic LUNC USTC

✍️ 12 September, 2022 - 7:21 👤 Editor: Jakub Motyka

Binance Converter now also supports Terra Luna Classic (LUNC) and TerraClassicUSD (USTC).
It allows you to convert other cryptos to Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) for free, and vice versa, without paying commission.

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The Binance cryptocurrency converter, Binance Convert, has been updated to add two cryptos of the everyone is talking about right now: Terra Luna Classic (LUNC) and TerraClassicUSD (USTC). In this way, users can now convert from Bitcoin (BTC), Ethereum (ETH) and many more altcoins to LUNC or USTC without paying commissions.

With the arrival of LUNC and USTC to Binance Convert, users of this exchange have the possibility to convert their cryptos without the need to pay thecommissions, or fees, which do apply to operations carried out in the market.

Binance Convert Now Supports Converting To/From Terra Luna Classic (LUNC) And TerraClassicUSD (USTC)

In the midst of the controversy over the rejection of the burning of LUNC with the 1.2% tax on operations carried out on its exchange, Binance has announced the addition of the two main cryptocurrencies of the terra project, LUNC (Terra Luna Classic) and USTC (TerraClassicUSD), to your Binance Convert system.

#Binance Convert adds $LUNC and $USTC.https://t.co/h5Kczx1XYb
— Binance (@binance) September 12, 2022

Users can exchange their tokens to LUNC and/or USTC either at the market price, in which case the exchange order is executed immediately, or at a price limit, which allows programming the exchange order for the moment in which the price of cryptocurrencies reaches a certain figure.

Binance Convert is a cryptocurrency exchange platform that allows you to transfer cryptos from one cryptocurrency to another without commission, thus being able to exchange the account balance between one currency and another. With this enhancement, users will be able to exchange their BTC, BUSD, USDT and many other tokens to LUNC and USTC, respectively.

Binance Could Review Its Decision On The Terra Luna Classic (LUNC) Burn Tax

On the other hand, a few days ago it became known that Binance could review its decision to deny the 1.2% token burning tax on operations carried out on your exchange with Terra Luna Classic (LUNC) crypto. So far it has been nothing more than a tweet leaving the door open for your decision changes in the future:

Hi! We introduced a 1.2% tax burn for on-chain transactions exactly according to the proposal. We settle most transactions off the chain and this makes it difficult for the tax to be levied. Yet, we would closely monitor the effect of the change and might review the decision.
AG
— Binance Customer Support (@BinanceHelpDesk) September 9, 2022

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Juan Pais

E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.