**🔥 Day 9: "What is Spot Trading"
*"Want to trade crypto without risk? Spot trading lets you OWN $BTC like digital gold—no interest, no leverage traps. Here's how it works:
Example:
You want to buy 0.01 $BTC , and the market price is $85,000. You place a spot buy order, and if it matches with a seller, the trade is done instantly. You now own that 0.01 $BTC in your spot wallet.
Key Terms:
Market Order: Buys/sells immediately at the best available price.
Limit Order: Sets a specific price you’re willing to buy/sell at.
Stop-Limit: A tool to help manage risk by triggering orders when certain prices are hit.
Why Use Spot Trading?
Simple to understand.
No borrowing or leverage involved.
Great for holding crypto long-term or making direct exchanges.
Tip: Always double-check the trading pair (like BTC/USDT or ETH/BUSD) and the current price before placing an order.
*"Do you prefer spot trading? Share your thoughts below!"*
*(Note: I'm still learning—correct me if I'm wrong!)*
Tomorrow Topic "The Hidden treasure of Binance" Expect what is that ?