03-09-2020, 05:44 AM
How to clean the dust in your Coinbase Pro and retail accounts (a howto)
<!-- SC_OFF --><div class="md"><p>I've found it frustrating that the smallest lot to buy or sell on many coins for Coinbase Pro is either 1.0 or 0.1. This leaves me with lots of dust in my coinbase accounts (balance below 0.10) and hadn't settled on a easy way to clear it. Binance has a nice "sweep dust" feature, but coinbase is lacking.</p> <p>So here's how I did it. For <em>EACH</em> coin that you have dust in, do the following. Assuming you want to sweep it all to BTC.</p> <ol> <li>Determine the USD value of this coins dust using <a href="https://coinmarketcap.com/converter/">CMC calculator</a></li> <li>If it's worth than $0.10, you can probably skip to step [7]</li> <li>If it's less than $0.15 or so, you'll need to buy a bit more</li> <li>Go to the ???-BTC or ???-USDC pair and try to buy 0.000000001 worth of coin</li> <li>The error message will tell you the <strong><em>SMALLEST</em></strong> amount you can buy</li> <li>Buy the smallest amount till you have more than $0.15 worth of that coin</li> <li>Click "Withdraw" and withdraw that coin to the coinbase (retail) option</li> <li>Log into coinbase (retail) and select "Trade"</li> <li>Pick your coin and choose to "Convert" to BTC</li> <li>Expect fees to be between 2% and 4%</li> </ol> <p>After your done with all your dust, click "Deposit" on Coinbase Pro and choose "BTC - From coinbase.com". Now you've converted all your dust to BTC.</p> <p>If you live outside the US and have a Binance account, you can change things up a bit and do the following:</p> <ol> <li>Send all your dust balances to binance (may need to buy some to meet min withdraw size)</li> <li>In binance choose to convert all dust to BNB (between 0.10% and 0.50 % fee)</li> <li>Use FixedFloat to convert your BNB to BTC or (better) BTC-LN.</li> </ol> <p>Only dust I have left is DIA and ETH. And that's only because the balance is below 0.00000001.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've found it frustrating that the smallest lot to buy or sell on many coins for Coinbase Pro is either 1.0 or 0.1. This leaves me with lots of dust in my coinbase accounts (balance below 0.10) and hadn't settled on a easy way to clear it. Binance has a nice "sweep dust" feature, but coinbase is lacking.</p> <p>So here's how I did it. For <em>EACH</em> coin that you have dust in, do the following. Assuming you want to sweep it all to BTC.</p> <ol> <li>Determine the USD value of this coins dust using <a href="https://coinmarketcap.com/converter/">CMC calculator</a></li> <li>If it's worth than $0.10, you can probably skip to step [7]</li> <li>If it's less than $0.15 or so, you'll need to buy a bit more</li> <li>Go to the ???-BTC or ???-USDC pair and try to buy 0.000000001 worth of coin</li> <li>The error message will tell you the <strong><em>SMALLEST</em></strong> amount you can buy</li> <li>Buy the smallest amount till you have more than $0.15 worth of that coin</li> <li>Click "Withdraw" and withdraw that coin to the coinbase (retail) option</li> <li>Log into coinbase (retail) and select "Trade"</li> <li>Pick your coin and choose to "Convert" to BTC</li> <li>Expect fees to be between 2% and 4%</li> </ol> <p>After your done with all your dust, click "Deposit" on Coinbase Pro and choose "BTC - From coinbase.com". Now you've converted all your dust to BTC.</p> <p>If you live outside the US and have a Binance account, you can change things up a bit and do the following:</p> <ol> <li>Send all your dust balances to binance (may need to buy some to meet min withdraw size)</li> <li>In binance choose to convert all dust to BNB (between 0.10% and 0.50 % fee)</li> <li>Use FixedFloat to convert your BNB to BTC or (better) BTC-LN.</li> </ol> <p>Only dust I have left is DIA and ETH. And that's only because the balance is below 0.00000001.</p> </div><!-- SC_ON --> Kind Regards R