What this error means
When your bot tries to place a buy or sell order on Binance, but the amount is too small for Binance to process, you will see the error "Formatted output is too low."
Why this happens
This usually happens when you have a small leftover position (dust) in your portfolio — an amount too small to sell at market value.
What you can do
Use Binance's Convert dust to BNB feature. Log in to your Binance account and convert small leftover balances into BNB.
Merge the position with another position of the same cryptocurrency to bring it above the minimum order size.
Use Walletscrubber to automatically clean up dust positions in your portfolio.
Verify it's fixed
After cleaning up the dust position, check your bot's log. If the error no longer appears, the issue is resolved.
Error log example
04/08/2024 10:48:17 AM ERROR Formatted output for THETA (139880395) is too low or lower than the minimum order amount. Please try to merge positions or use the walletscrubber.
04/08/2024 10:47:59 AM INFO Position: 139880395 amount: 409.4 greater than balance: 0.06618449