Definition: Easy Buy/Sell Function

The Easy Buy/Sell function on Binance TH is a streamlined feature designed to simplify the process of converting cryptocurrencies quickly and conveniently. It enables users to convert between different cryptocurrencies to Thai Baht currency with ease, bypassing the complexities typically associated with traditional trading platforms like the Spot market.

Key Features and Benefits:

1. User-Friendly Interface:

The function is accessible directly from your Binance TH account, offering a straightforward user interface that guides you through the conversion process step-by-step.

2. Currency Flexibility:

You can convert from Thai Baht currency (THB) to cryptocurrencies (e.g., USDT,BTC, ETH).

3. Instant Execution:

Transactions are executed instantly upon confirmation, providing immediate access to the converted cryptocurrency in your wallet.

4. Transparent Pricing:

You can review the current conversion rate and the estimated amount of cryptocurrency you will receive before confirming the transaction. The function also includes information on the Inverse Price, which denotes the reciprocal value relative to the chosen currency pair.

Note:

"Inverse Price" refers to the reciprocal relationship between two cryptocurrencies or digital assets. Specifically, it indicates the price of one asset in terms of another. For instance, if we know the standard price of 1 Thai Baht (THB) in USDT (Tether), the inverse price would be the value of 1 USDT in THB. This calculation is essential for traders and investors to understand the relative value of assets when converting between them.

Example:

Suppose the current market rate for Thai Baht (THB) is ฿30.00 per 1 USDT (Tether). To find the inverse price, we calculate how much 1 USDT is worth in THB:

- The standard price of 1 baht per 1 USDT is dividing 1 baht by 30.00, which equals 0.03333333 USDT.

- Inverse Price: 1 USDT is equal to 30.00 THB.

5. No Trading Expertise Required:

Unlike traditional trading, the Easy Buy/Sell function does not require in-depth knowledge of market analysis or order types. It simplifies the process for both novice and experienced users.

The Easy Buy/Sell function enhances user convenience by providing a hassle-free way to convert cryptocurrencies without the complexities of traditional trading. If you are looking to convert THB to crypto, this feature ensures a seamless experience with transparent pricing and immediate execution.

Start using the Easy Buy/Sell function on Binance TH today to simplify your cryptocurrency conversions and manage your digital assets effortlessly. Click

To learn how to use Easy Buy/Sell, click here.