What to do with left over crypto?

I'm sure I'm not the only one with leftover tiny percentages of coins that I can't sell or trade because there are too small....

In my binance account for example, I have .00002 eth and a few other coins with miniscule amounts.

Anyone have ideas on how to make money off of this?

Maybe a cryptocharity wallet where ppl send their leftovers to?

Or a joint fund where people send to in return for percentage of ownership? not sure how that'd work. But there is definitely a money making business out there for utilizing people's crypto remnants. Drop some ideas below!

i am also looking for answers on this.

That's the elephant in the room.

Exchanges own a fortune in these small amounts. I read somewhere Bittrex owned several million dollars in these small fractions.

For many tokens they do not allow fractional transfers. So they end up having bits here and there.

What you can do is transfer a precise amount that adds up to a whole amount. Then transfer the whole amount out.

bartosimpsonio said:

What you can do is transfer a precise amount that adds up to a whole amount. Then transfer the whole amount out.

Click to expand...

This is all you can do with dust. Usually the tx fees will be more than the value so you can't send it.

OCD?

Sounds like me.

I will just delete the coin.

Salami slicing refers to a series of many small actions, often performed by clandestine means, that as an accumulated whole produces a much larger action or result that would be difficult or unlawful to perform all at once. The term is typically used pejoratively. Although salami slicing is often used to carry out illegal activities, it is only a strategy for gaining an advantage over time by accumulating it in small increments, so it can be used in legal ways as well.

An example of salami slicing, also known as penny shaving, is the fraudulent practice of stealing money repeatedly in extremely small quantities, usually by taking advantage of rounding to the nearest cent (or other monetary unit) in financial transactions. It would be done by always rounding down, and putting the fractions of a cent into another account. The idea is to make the change small enough that any single transaction will go undetected.

In information security, a salami attack is a series of minor attacks that together results in a larger attack. Computers are ideally suited to automating this type of attack.

In politics, the term salami tactics has been used since the 1940s to refer to a divide and conquer process of threats and alliances used to overcome opposition.

In academia, salami slicing refers to the practice of creating several short publications out of material that could have, perhaps more validly, been published as a single article in a journal or review. (See also least publishable unit).

https://en.wikipedia.org/wiki/Salami_slicing

PinguSpy said:

OCD?

Sounds like me.

I will just delete the coin.

Click to expand...

Noooooooooooooooooooooooooooooooooooooooooo

That hurts my heart

tb303 said:

This is all you can do with dust. Usually the tx fees will be more than the value so you can't send it.

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But big exchanges have millions of $ in these tiny fees. There is a single fee not matter how many dusts you send, so the exchanges can actually cash this by bundling all the small fees, while you can't due to what you mentioned.

It's really something nobody's talking about right now, but the exchanges are keeping all this money.

Idea copied from Pizza business Sketch from Saturday Night live

bartosimpsonio said:

But big exchanges have millions of $ in these tiny fees. There is a single fee not matter how many dusts you send, so the exchanges can actually cash this by bundling all the small fees, while you can't due to what you mentioned.

It's really something nobody's talking about right now, but the exchanges are keeping all this money.

Click to expand...

No ones talking about it because its been like this for years. 99%* of people stop caring about dust balances after a while but there's always the 1%* that would notice if their 0.0001 shit coin balance had disappeared over night. Its true they could easily do this as your balance on an exchange is nothing more than an IOU but they would have to sweep a lot of users to make it worthwhile.

There is also the issue that if the coin you have a dust balance suddenly pumps it stops being dust and becomes trade-able - it'll be fuck all but again someone would notice. Any exchange that gets caught taking money from peoples wallets is finished.

There are lots of ways an exchange can make shady money from people that their users wouldn't even notice. They don't need to go around stealing dust.

The real elephant is the amount of forks that go un-credited IMO.

* Made up number

you can used that for transaction fees just reserve it

I've noticed that on binance i always have coins left over when i sell but i never have it on other exchanges.

Binance said there were going to add a new 'dust' feature soon to allow people to liquidate tiny amounts of coins that are left. I'll try to find the link. If I recall correctly, you would turn it into BNB coins which then of course can be used to buy other coins.