What is Dust?
“Dust” is the term given to small holdings of a particular asset. These holdings are often too small to trade given trading pair minimums and clients can remain stuck with these balances.
By opting into dust conversion, VALR will attempt to free up these balances by converting all dust into a single currency: USDC.
How does it work?
To opt into dust conversion, you need to click on the dust conversion button on your Wallets page and accept the disclaimer. You can opt out at any time by clicking the same button.
How to opt in from the VALR website:
How to opt in from the VALR app:
Important:
- Dust conversion takes your dust and gives you back USDC into the subaccount which held the dust.
- This is done at a fair mark price determined by the system including a 1% spread. This spread will be reviewed and may changed from time to time.
- Dust conversion applies to all currencies that are currently tradeable on VALR. This list may be reviewed. You cannot specify which currencies are opted in.
- If Pro Trading is enabled on a currency, the maximum cutoff for dust conversion is 0.6 USDC per currency. If only simple Buy & Sell is enabled, the maximum cutoff is 2 USDC per currency. Amounts below these cutoffs will be eligible for dust conversion. The cutoffs will be reviewed and changed from time to time if required.
- When you opt in, dust might not be converted immediately. We will convert dust once every 24 hour period automatically.
- Dust conversion is turned on/off for all subaccounts and the main account at the same time. You cannot opt in/out on a single subaccount without opting in/out all accounts
- Dust conversion only applies to balances that are available i.e. are not reserved for trade, reserved as collateral, lent or otherwise utilised. Should you have dust available but have other balances in that currency that are reserved, we will not convert the dust. This does not apply to On-Chain Earn, Variable Earn and Steady Returns i.e. your rewards from these products may be dust converted even while you have an active allocation.
For more information, please see our Terms of Service here
If you experience any issues or require further assistance, please contact our Support team here