Corrections

UPDATED 2026-05-20

This page is a public log of every correction we have made to CryptoCompass content. Anywhere we cite specific numbers, timestamps or official sources, we run a quarterly spot-check, plus we re-verify on demand when a reader emails us about a possible error. Each entry below shows the old text, the new text, the date and the reason — so you can see exactly what we changed and why.

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▮ Correction log

2026-05-20 · Convert fee-trap section strengthened

Affected article: Exchange Convert / Quick Convert comparison module plus the "common beginner traps" section.

Old text: Binance Convert is a beginner-friendly quick swap, no fee.

New text: Binance Convert displays no "fee" line in the UI, but the real cost is folded into the quoted rate as a spread — when we compared the BTC→USDT Convert quote against the Spot order-book match at the same moment, Convert was roughly 0.05%–0.20% more expensive than Spot. Acceptable for small one-off swaps; do not treat it as "zero fee" for frequent or large amounts.

Reason: The original wording ("no fee") was technically correct as Binance presents it, but seriously misleading. While doing our 9-exchange Convert comparison we found the spread cost hidden in the quoted rate by cross-checking against Spot. A reader also emailed that 100 USDT Convert returned less BTC than a same-moment Spot order. The new wording exposes the spread mechanism, gives our measured range, and explicitly cautions high-frequency users.

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⚠️ Numbers, dates and official policies can change at any time. Always re-check the exchange's official page before making any concrete decisions.