Let’s get real: when I first opened Binance, I saw words like Spot, Futures, and Margin and immediately wanted to close the app. It felt like walking into a gym where everyone already knew what they were doing.
So if you’re in the same boat, let me break it down — not as a trader, but as someone who’s figuring things out too.
Spot: My Starting Point
This is the simplest place to begin.
You buy a coin, you hold it. That’s it. Think of it like buying a T-shirt — you pay, you own it.
I started on Spot. Bought a few USDT worth of BTC and ETH. It felt safe. No leverage, no stress. Just buying at one price and hoping it goes up.
✅ Great for beginners
✅ No borrowing or interest
✅ You’re in full control
Futures: Where Things Get Wild
Futures trading lets you bet on whether a coin will go up or down — with leverage. That means you can trade with more money than you actually have.
It sounds exciting, but it’s also risky. I once turned $10 into $30 in minutes. Then lost it just as fast.
My advice? Learn chart basics first. And practice on testnet if you’re curious.
Margin: Borrowing to Trade
This one’s like Spot, but with a twist — you borrow money from Binance to increase your position.
You pay interest on borrowed funds, and if the market moves against you, your position can be liquidated.
I’ve personally avoided Margin. The idea of paying interest while risking loss? Not for me (yet).
What I Actually Use
Right now, Spot trading is my go-to. I dabble in small Futures positions (1x–2x leverage max), but only with money I can afford to lose.
No FOMO. No revenge trades. Just slow learning.
Follow @mythoughts — no hype, just thoughts.
#TrumpTariffs #myThoughtsOnCrypto