#TradingOperation

My spot trading operation on binance exchange.

Spot trading on the Binance exchange refers to buying and selling cryptocurrencies for immediate settlement — in other words, the transaction occurs "on the spot." Here’s a step-by-step guide on how I do spot trading on Binance:

1. Deposit Funds

I always deposit USDT, via peer to peer

2. I Go to the Spot Trading Interface

Navigate to [Trade] > [Spot].

3. Choose a Trading Pair mostly BNB/USDT

4. I Select the Order Type

There are several types of spot orders:

Market Order – Buy/sell immediately at the best current price.

Limit Order – Set your desired price; the order executes only if the market hits it.

Stop-Limit / Stop-Market – Used for triggering trades once a certain price level is reached.

5. Enter Order Details

Set the amount of crypto I want to buy or sell.

I Confirm the price

I Click to Buy or Sell.

6. Order Execution and Balance Update

Market orders execute instantly.

Limit orders may take time, depending on market conditions.

Once executed, my wallet balance updates accordingly.

🔹 Example: Buying BNB with USDT

Suppose BTC is trading at $60,000, and I want to buy 0.01 BNB

I go to BMB/USDT market.

Choose Market Order.

Input 0.01 BNB

Click Buy BTC.

My account now holds 0.01 BNB, and my USDT balance is reduced.