Turning a stock position into bStocks: the order toggle and Token Conversion
If you bought TSLAB or NVDAB under Spot and are now looking for a button that turns it into a token, you can stop looking. It already is one. The switches on this page are for the other product: the stock itself, bought on the stock side of the platform.
Do you need this at all?
| Your situation | What to do |
|---|---|
| You bought a bStock under [Spot] > [bStocks] | Nothing. It is already the token |
| You are about to buy a stock under [Trade] > [Stock] | Route 1: switch on [Tokenize this order] before you buy |
| You already hold the stock | Route 2: [Token Conversion] in your wallet |
What changes when a stock becomes a bStock
Read this before you flip anything, because it is a change of product, not a change of wrapper. Binance describes the two sides quite differently.
| The stock | The bStock | |
|---|---|---|
| What you hold | Binance's stock trading FAQ says users are "the beneficial owners of the shares they purchase", held in custody by a partner brokerage | A tokenized security issued by BTech Holdings Limited; the FAQ says it does not make you a shareholder |
| Dividends | Cash dividends paid in USDC | No cash; the net amount is reinvested and your balance grows through the Multiplier |
| Voting | The bStocks FAQ sends anyone who needs a vote back to this side | None, per the bStocks FAQ |
| When it trades | Up to 24 hours a day, 5 days a week, for selected stocks | 24/7 on Spot |
| Leaving the platform | Only after the stock is fully removed from Binance, if another platform supports it (stock trading status FAQ) | Withdrawal to a BNB Smart Chain wallet, with restrictions |
Two more lines from the bStocks FAQ belong here: a bStock's price "may differ from the price of the underlying security", and "Neither SIPC nor FDIC coverage applies to bStocks." Whether the switch is worth it depends on which column matters more to you. If it is weekend trading or self-custody, the token gives you something the stock side doesn't. If it is dividends in cash or a vote, it takes something away. What bStocks are covers the token side in depth.
Route 1: tokenize at the order
This is for buying a stock and ending up with the bStock in one go. Binance's bStocks FAQ gives the button names; its Academy guide describes the same step as switching on the "token conversion option".
- Go to [Trade] > [Stock] and pick the stock. The Academy guide lists supported crypto for paying, for example USDC, USD1, USDT, U or BNB.
- Toggle on [Tokenize this order].
- Tap [Buy].
The FAQ's wording on what happens next is conditional: if the order is "accepted, executed, settled, and processed", the position is reflected as the matching bStock in your account, subject to eligibility checks, availability of the underlying security, market conditions, fees, taxes, withholding and rounding. It does not give a time.
To make this the default, go to [More settings] and toggle on [Tokenize all orders]. Every new order is then tokenized until you go back to [More settings] and switch it off. We'd leave the default off and use the per-order toggle, so a stock you meant to keep as a stock doesn't turn into a token by habit.
Route 2: convert a stock you already hold
If you already hold the stock, the Academy guide gives these steps:
- Go to your Binance wallet.
- Select the stock eligible for conversion in the asset tab.
- Click or tap [Token Conversion].
- Use the pencil icon to edit the amount.
- Review the confirmation pop-up and confirm.
Going back, bStock to stock, "follows the same steps", in the guide's words. The FAQ adds who is on the other side of this: the service is provided through Nest Trading Limited as dealer, subject to the bStocks Minting and Redemption Product Terms. That document, not the Academy page, is where the binding conditions live.
Note the phrase "eligible for conversion" in step 2. The guide doesn't say every stock on the platform can be converted, so if [Token Conversion] doesn't appear for one of your holdings, that may be the reason.
Cost, pauses and rounding
- Fee. The Academy guide says eligible users convert "at a 1:1 ratio with no conversion fees" (checked September 2026). Buying the stock before, or selling the bStock after, still has its own costs; what a US stock trade costs lists them.
- Pauses. The guide says the service is generally available 24/7 but may pause during corporate action processing or maintenance. The FAQ's table of what to expect for typical corporate actions is more specific: conversions are paused on a dividend ex-date and during stock splits and reverse splits.
- Rounding. Stocks on the platform are recorded to 9 decimal places and bStocks to 8. Anything beyond the 8th decimal can't be tokenized and stays with the issuer. The guide says this "does not represent a fee or charge". If a converted balance looks a hair smaller, this is why.
When the switch isn't there
- No [Tokenize this order] toggle. Check you are on [Trade] > [Stock], not Spot. If you are, eligibility is the likely reason: the FAQ says bStocks are for eligible users in permitted jurisdictions only, and never for US persons.
- You forgot the toggle. Route 2 exists for exactly this: convert the position after the order fills.
- [Token Conversion] is greyed out or missing. Look for a corporate action notice on that stock first. Binance says notice comes through in-app notification or the announcement page where practicable, and that advance notice isn't guaranteed in every case.
If you don't have an account yet, our sign-up to first US stock walkthrough starts from zero. Whether any of this is open to you still depends on your account's eligibility and the rules where you live.
Sources, read 26 September 2026: Binance, Frequently Asked Questions on bStocks (updated 28 July 2026); Binance Academy, What Are bStocks? (updated 29 June 2026); Binance, What Is Binance Stock Trading and How to Trade Stocks on Binance? (updated 13 September 2026). Cash dividends in USDC: Binance's Stocks Trading Corporate Actions FAQ (updated 2 June 2026). Transfers out of the stock side: What Is a Stock Trading Status? (1 June 2026). We have not used the conversion ourselves; the steps are as Binance describes them, and button names may differ in your app version.