And what is the "spot" on Binance?

The "spot" is the simplest way to buy or sell these cryptocurrencies on Binance. It's like going to the market and buying a kilo of tomatoes: you pay the price that is at that moment, you get your tomatoes, and that's it. No tricks or complications. On Binance, in the "spot", you choose how much cryptocurrency you want (like Bitcoin or Ethereum), pay the price that is right at that instant, and that cryptocurrency becomes yours. No debts or promises to pay later!

An example to make it clearSuppose you have 1000 pesos and you want to buy Bitcoin. On Binance, you see that Bitcoin is at 500 pesos for a piece (because Bitcoin is expensive, it is bought in pieces!). In the "spot", you use your 1000 pesos, buy two pieces of Bitcoin, and they are yours. If later the price rises to 600 pesos per piece and you sell, you gain 200 pesos! But if it drops, then you lose a little. It's like buying and selling something at a flea market, but on the internet.#SPOTCALL🔥🔥🔥 #SpotTrader $XRP