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🧠 What is Spot Trading? A simple explanation for beginners
🔰 Spot Trading is the simplest and most popular type of trading in the world of cryptocurrencies.
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✅ The idea is simple:
When you buy a cryptocurrency like Bitcoin BTC from a platform like Binance and hold it or sell it later when the price goes up — you are trading at the spot price.
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💡 A practical example:
You buy 1 Bitcoin for $60,000.
After a few days, the price rises to $65,000.
You sell the Bitcoin and make a profit of $5,000.
✔️ This is spot trading. There is no leverage, and there is no debt.
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🟢 The main features of spot trading:
1. Easy to understand – you don't need extensive experience or complicated tools.
2. No interest or debt – you only buy what you own.
3. Suitable for beginners – the best place to start learning to trade.
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🔴 But be careful:
If you buy a currency and its price drops, you may lose part of your capital.
So it’s important:
To learn how to read charts.
To have a clear plan.
Not to invest all your money at once.
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📌 How to start spot trading on Binance?
1. Open a Binance account from here: $BNB
2. Enable two-factor authentication (2FA) to secure your account.
3. Fund your account with USDT or other cryptocurrencies.
4. Go to the trading section > Spot.
5. Choose the currency, specify the amount, and click "Buy" #TrumpVsMusk
