Binance offers "Quick Buy" and "Convert" as two convenient features that let users quickly buy/sell and swap cryptocurrency without understanding complex trading interfaces.
1. Quick Buy
Overview
A one-click crypto purchase feature for beginners. Buy directly with CNY through supported payment methods.
Supported Tokens
BTC, ETH, BNB, SOL, XRP, DOGE, USDT, and many more.
Supported Payment Methods (Mainland)
Bank card transfer, Alipay (sometimes), C2C matching (auto-matched merchants).
Steps
Step 1: APP home -> "Quick Buy." Step 2: "I want to buy" -> Select token (e.g., BTC) -> Enter CNY amount. Step 3: Choose payment method, compare quotes. Step 4: Review quote (10-30 second validity). Step 5: Complete payment. Step 6: Wait for delivery (5-15 min).
Quick Sell
Same page -> "I want to sell" -> Select token -> Enter amount -> Choose receiving method -> Confirm.
2. Convert Function
Overview
Instant crypto-to-crypto swap. System provides a quote; confirm for immediate delivery.
Advantages
Zero fees, instant settlement, simple operation, hundreds of supported pairs, no minimum trade limits.
Steps
Step 1: Trade -> Convert. Step 2: Select "From" token (e.g., USDT) and "To" token (e.g., BTC). Step 3: Enter amount in either field. Step 4: Preview quote (5-10 second validity). Step 5: Confirm swap, instant delivery.
Examples
1000 USDT -> ~0.0143 BTC. 0.01 BTC -> ~0.19 ETH.
Small Asset Conversion
Assets -> Small Asset Conversion -> Check tokens -> One-click convert to BNB. Cleans up fragmented small balances.
3. Comparison: Quick Buy vs Convert vs Spot Trading
| Feature | Quick Buy | Convert | Spot Trading |
|---|---|---|---|
| Purpose | Fiat <-> Crypto | Crypto <-> Crypto | Crypto <-> Crypto |
| CNY Support | Yes | No | No |
| Fees | Included in quote | Zero (spread included) | 0.1% |
| Difficulty | Simple | Simple | Moderate |
| Speed | Depends on merchant | Instant | Depends on market |
| Price Control | No | No | Yes (limit orders) |
| Best For | Deposits/Withdrawals | Quick swaps | Precise trading |
When to Use Quick Buy
First CNY purchase, small temporary needs, avoid C2C details, quick sell to CNY.
When to Use Convert
Switch between cryptos, clean up small assets, avoid order book waiting, urgent need.
When to Use Spot Trading
Large trades (better prices), precise price control, advanced order types, frequent trading.
4. Fee Analysis
Quick Buy: ~1%-3% included in quote (merchant premium + service + payment channel). Convert: "Zero fee" but ~0.1%-0.5% spread. Very small for major pairs. Cost Example (1000 USDT of BTC): Quick Buy ~1%-3%, C2C+Spot ~0.4%-1.1%, Convert (with USDT) ~0.1%-0.5%.
Conclusion: Convert is cheapest with existing USDT; C2C+Spot is best from CNY.
5. FAQ
Q1: Quick Buy fiat support? Mainland users mainly CNY. Other currencies supported but not accessible. Q2: Convert limits? Per-pair minimums and maximums shown on page. Q3: Convert failure? Quote expired, insufficient balance, excessive volatility, maintenance. Retry. Q4: Where do Quick Buy tokens go? Funding account. Transfer to spot for trading. Q5: Can Convert set target price? No, instant quote only. Use spot limit orders for price targeting. Q6: Convert vs spot pricing? Very close for major pairs (<0.1% difference). Wider for illiquid small tokens.
6. Tips
Tip 1: Large amounts on spot, small amounts on Convert. ~500 USDT threshold. Tip 2: Avoid Convert during high volatility (wider spreads). Use spot instead. Tip 3: Regularly use Small Asset Conversion to clean up dust. Tip 4: Compare Quick Buy quotes across payment methods for best deal.
7. Summary
Quick Buy handles fiat deposits/withdrawals. Convert handles crypto-to-crypto swaps. Together they cover most daily needs for beginners. As experience grows, transition to spot trading for better prices.