I’m using Kucoin with a DCA bot that has $5 orders. I’ve noticed I’ve got a lot of small balances for each traded coin, just a few cents. But one balance is $5. FTM. How?
I take 5 USDT and buy more of the small balance coin and then sell all of them for USDT again.
For getting rid of dust that’s under the minimum what @GoodTryer said is exactly right.
For minimizing the amount of dust, depending on your situation. If it’s a combo, enable the dust reduction under experimental settings, I can’t remember if it can be done on kucoin, maybe not.
If you are paying in KCS, go to the exchanges page and click on “ignore fees”, that will sell the exact amount it bought without trying to account for fees.
If the above doesn’t apply to you, then it’s a rounding issue. $5 of FTM is possible if you had dozens on deals on it. Dust can be 0.01-0.05 $ per deal, so the more you do the more dust you will have.
I just cleared the leftovers from my Binance account by going to Assets/Spot, and clicking “Convert”.
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