Converting small balances

Holdings left over from trading can end up too small to do anything with — worth less than the smallest conversion the exchange will price. Converting small balances gathers those together and converts them into one asset you choose, in a single step.

Which balances qualify

A balance qualifies when what it is currently worth is below the minimum conversion amount. That is not a second threshold: it is the same minimum an ordinary conversion is refused under, read from the same place, so a balance qualifies here exactly when Convert will not take it on its own. The screen states the figure in force when you open it.

Balances that cannot be converted are listed separately with the reason — no market into the asset you chose, no current price, funds already committed elsewhere, or too little left after the fee to receive anything. Those are left exactly as they are.

The fee

This one does carry a fee, and it is a charge rather than a spread: each balance is priced straight off the order book with nothing added to the price, and the fee is taken out of what you receive. The screen states the rate and the amount you will receive before you confirm, and the rate that applied is recorded against the conversion, so a later change to it never rewrites what you were charged.

How often

Small balances can be converted once every 24 hours. If you have converted recently, the screen says when you can do it again.

Where to find it, and where it shows up

The entry sits on your portfolio, beside your balances. Afterwards each converted balance appears in History under Trades, marked Small balances, and its fee column carries the amount that was actually charged — as does its Ledger row, which is typed Small balances rather than as an ordinary trade. If nothing could be converted, nothing is charged and your balances are untouched.

• Converting one asset into another
• How Convert is priced