#SpotVSFuturesStrategy

The difference between spot contracts and futures contracts in the Binance Wallet is simple and clear:

⦁ Spot contracts: Buy and sell cryptocurrencies directly at the current market price. They become yours immediately and can be withdrawn or held whenever you want.

⦁ Futures contracts: Buy or sell contracts that predict the future price of a currency, without actually owning the currency. You can use leverage (meaning you can gain or lose more than your original capital).

Simply put: Spot contracts are direct and immediate ownership, while futures contracts are speculation on the future price with greater profit or loss potential.

Want to know which one is right for you or how to get started? 🚀

Spot contracts on Binance mean buying or selling cryptocurrencies directly at the current market price. The assets become yours immediately and can be withdrawn or held whenever you want. Futures contracts are agreements to buy or sell a specific asset at a specified price on a future date. You don't actually own the asset, but rather trade based on price predictions. You can use leverage to achieve greater profits or incur greater losses.

Spot contracts are suitable for direct investment or quick hedging, while futures contracts are suitable for speculation and long-term hedging, but they carry higher risks due to future price fluctuations.

Want to know which one is right for you or how to get started? 🚀$BNB