Normally, you will get dust coins in your exchanges wallet but when you are going to sell then clicking sell all will avoid any dust amount so you can get the complete wipe.
A few satoshis are not worth anything. Either you're going to lose those few satoshis by rounding it down or just leave it as it is.
Topic: Dust coin (Read 212 times)
Using wallets that do not enable you to control the address will increase the risk of dust.
Most wallets uses the combinations of inputs from each of your addresses to produce a change that isn't dust or if it is, then it would be consumed in the TX fees. Dust is non-standard anyways and it is quite unlikely that even with the current threshold that you will produce an output that would cost more to spend it.Normally, you will get dust coins in your exchanges wallet but when you are going to sell then clicking sell all will avoid any dust amount so you can get the complete wipe.
A few satoshis are not worth anything. Either you're going to lose those few satoshis by rounding it down or just leave it as it is.
You just told the same thing again and again for 3 times in a row and also it will help the newbies! 
Normally, you will get dust coins in your exchanges wallet but when you are going to sell then clicking sell all will avoid any dust amount so you can get the complete wipe.
Normally, you will get dust coins in your exchanges wallet but when you are going to sell then clicking sell all will avoid any dust amount so you can get the complete wipe.
It depends on the exchange. some exchange give reasonable dust token. exchanges like binance and kucoin. the rest gives nothing and they worth Nothing. i was lucky to sellout during the last bull run and made a little 100usd. the money has been utilize anyway for another token. i think Dust are rewards depending on the left over in your exchange wallet.
It is quite like that. I noticed this myself but I didn't bother to get it out after trading your coin/token to whatever crypto you exchanged it to. Unlike other exchanges where they accept even the smallest amount in trading and then you'll be left out with nothing. In other term, dust also refers to an amount where id sent to your wallet which is explained in post above.
It depends on the exchange. some exchange give reasonable dust token. exchanges like binance and kucoin. the rest gives nothing and they worth Nothing. i was lucky to sellout during the last bull run and made a little 100usd. the money has been utilize anyway for another token. i think Dust are rewards depending on the left over in your exchange wallet.
If we continue to use your definition, these dust coins are a problem as transaction fees will increase in the future:
Therefore, it is better to use currency control and send from a specific address.
- If you have 0.1 BTC and decide to leave a small amount in your wallet send 98% your next inputs will increase and the fees will increase.
- Leaving a small amount will reduce privacy because both transactions will be linked to each other.
- Using wallets that do not enable you to control the address will increase the risk of dust.
Therefore, it is better to use currency control and send from a specific address.
Lots of people will have been noticing small amount on coin remaing in there wallet after selling a coin in which most people don't really know what it is called. Small amount of coin always left in your wallet is called DUST COIN. These are small amount of coins which are always remaining in your wallet which are lower than the amount of coin in which you can sell.
I guess you are talking about leftovers on exchanges. If exchanges allow, like Binance, you can convert your leftovers to BNB, a few times per day.If you have leftovers in your non-custodial wallets, you can consolidate it. Consolidations should be done when transaction fee is cheap.
- Consolidate your small inputs! (for Bitcoin)
- Gasnow.org (it helps you to check Gas price on ETH network, and know which hours give you cheapest Gas price -- see in the table)
Dust attacks with dust coins are different, you can discover in that tutorial. @fillippone explains very carefully about it.
What you are describing is NOT a wallet or related to one. It is instead an account in a centralized database (probably Binance) and the fact that you can not sell the entire amount of coins you have in a cryptocurrency and are left with some small dust is a flaw in that centralized platform.
You could call it "dust" amounts but it is best referred to as Binance flawed remainder
You could call it "dust" amounts but it is best referred to as Binance flawed remainder
I think the dust attack is more like a psychological attack. Dust can be easily turned off in the electrum wallet. It's probably easier to analyze the blockchain to keep track of other wallets than to send dust to each user.
Although recently I have not seen information about such attacks
Although recently I have not seen information about such attacks
Yea, you're referring to dust attacks that de-anonymizes wallets whereas OP was just referring to "dust" amounts that are just a few cents worth of coins left on exchange wallets.
I think the dust attack is more like a psychological attack. Dust can be easily turned off in the electrum wallet. It's probably easier to analyze the blockchain to keep track of other wallets than to send dust to each user.
Although recently I have not seen information about such attacks
Although recently I have not seen information about such attacks
Transacting and trading are not the only source of dust, there's also a dust attack thing, especially on this forum when people who mentioned their address or members of signature campaigns get sent a tiny amount of satoshis to "tag" their address for some purpose. It's important to learn about coin control and use it to avoid spending this dust, because it would mean that the attacker succeeded at learning about other addresses under user's control.
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Talking about custodial wallet and dust is widely a wrong idea.
After selling a coin in your wallet, there is always small amount of the coin remaining in your wallet which can't be traded, but in binance exchange you can convert the coin into Binance coin(BNB).
This is not really true. At least not for all exchanges. In binance and other exchange, you may have left little fund all the time when you trade (depends on amount and order which matches your order), there are exchanges which allow to sell even small amount. And leave no balance at all.
Dust is what remains in your personal wallet if you had say 1 BTC and spent 0.99999521 of it, which leaves you with a practically useless amount of 0.00000479 BTC called "dust". What remains on exchanges isn't really the dust we usually talk about on the forum, because trading happens off-chain. So when you "leave dust" on an exchange, it's only "dust" on the exchange, not on the blockhain itself.
Well... You're making very broad assumptions, you're generalizing quite a bit and it's not all completely true...
If you're keeping your funds on binance, and using them as a custodial wallet, it seems to be true some millisats are usually left over, and these can indeed be exchanged for BNB.
HOWEVER, keeping your funds on an exchange is one of the worst things you can do... Really... The advice you give should be: don't keep your funds on an exchange...
If you did your homework, and you're using a non-custodial wallet (so your funds are a lot safer than they are on binance), most non-custodial wallets won't even allow you to create transactions with a dust output. If you create a transaction with a dust output, it probably won't even relay properly.
Most newbies that use a decent wallet won't run into any problems with dust outputs untill they start tinkering with wallets... So, it might be a good idear to edit your post to make it very clear that any advice you're giving is for binance only, and keeping your funds on an exchange is not a good idear?
Thanks but I don't really mean keeping coin in the exchange what I mean is after trading a coin. Everybody knows that keeping funds in your exchange is really a bad idea but you can definitely buy and sell coins there and there is always a little amount always remaining after selling a coin. If you're keeping your funds on binance, and using them as a custodial wallet, it seems to be true some millisats are usually left over, and these can indeed be exchanged for BNB.
HOWEVER, keeping your funds on an exchange is one of the worst things you can do... Really... The advice you give should be: don't keep your funds on an exchange...
If you did your homework, and you're using a non-custodial wallet (so your funds are a lot safer than they are on binance), most non-custodial wallets won't even allow you to create transactions with a dust output. If you create a transaction with a dust output, it probably won't even relay properly.
Most newbies that use a decent wallet won't run into any problems with dust outputs untill they start tinkering with wallets... So, it might be a good idear to edit your post to make it very clear that any advice you're giving is for binance only, and keeping your funds on an exchange is not a good idear?
Lots of people will have been noticing small amount on coin remaing in there wallet after selling a coin in which most people don't really know what it is called. Small amount of coin always left in your wallet is called DUST COIN. These are small amount of coins which are always remaining in your wallet which are lower than the amount of coin in which you can sell. After selling a coin in your wallet, there is always small amount of the coin remaining in your wallet which can't be traded, but in binance exchange you can convert the coin into Binance coin(BNB). I believe this will really help a lot of people especially the newbies entering crypto world to know what the little amount of coin remaining in their wallet is called.
If you are referring to an exchange-based wallet then yes Binance allows you to convert crypto dust left due to trading into BNB every six hours and the same is also possible on Kucoin for KCS. I am not sure about any other exchange. Almost all CEX have this problem of DUST getting accumulated those that have their native coins allow their users to convert their wallet dust.
Well, another important thing is that it is highly wrong to keep your cryptocurrency on an exchange wallet always keep them in a non-custodial wallet.
Well... You're making very broad assumptions, you're generalizing quite a bit and it's not all completely true...
If you're keeping your funds on binance, and using them as a custodial wallet, it seems to be true some millisats are usually left over, and these can indeed be exchanged for BNB.
HOWEVER, keeping your funds on an exchange is one of the worst things you can do... Really... The advice you give should be: don't keep your funds on an exchange...
If you did your homework, and you're using a non-custodial wallet (so your funds are a lot safer than they are on binance), most non-custodial wallets won't even allow you to create transactions with a dust output. If you create a transaction with a dust output, it probably won't even relay properly.
Most newbies that use a decent wallet won't run into any problems with dust outputs untill they start tinkering with wallets... So, it might be a good idear to edit your post to make it very clear that any advice you're giving is for binance only, and keeping your funds on an exchange is not a good idear?
If you're keeping your funds on binance, and using them as a custodial wallet, it seems to be true some millisats are usually left over, and these can indeed be exchanged for BNB.
HOWEVER, keeping your funds on an exchange is one of the worst things you can do... Really... The advice you give should be: don't keep your funds on an exchange...
If you did your homework, and you're using a non-custodial wallet (so your funds are a lot safer than they are on binance), most non-custodial wallets won't even allow you to create transactions with a dust output. If you create a transaction with a dust output, it probably won't even relay properly.
Most newbies that use a decent wallet won't run into any problems with dust outputs untill they start tinkering with wallets... So, it might be a good idear to edit your post to make it very clear that any advice you're giving is for binance only, and keeping your funds on an exchange is not a good idear?
Lots of people will have been noticing small amount on coin remaing in there wallet after selling a coin in which most people don't really know what it is called. Small amount of coin always left in your wallet is called DUST COIN. These are small amount of coins which are always remaining in your wallet which are lower than the amount of coin in which you can sell. After selling a coin in your wallet, there is always small amount of the coin remaining in your wallet which can't be traded. I believe this will really help a lot of people especially the newbies entering crypto world to know what the little amount of coin remaining in their wallet is called.
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