💰 Must-read for cryptocurrency beginners! Complete analysis of spot trading rules, here comes the pitfall guide! ✨ If you're new to the cryptocurrency market, you must understand these rules for spot trading! Otherwise, you might get cut unexpectedly 😭 Today, I have compiled an extremely detailed spot trading guide for everyone, feel free to save it and read it slowly~ ---

1️⃣ What is spot trading? ✅ Simply put: buying coins with real money (for example, buying BTC with USDT), once bought, it's yours, and you can hold it for the long term, unlike contracts which have liquidation risks. ✅ Suitable crowd: those who do not want to engage in high-risk contracts and prefer to hoard coins and take a long-term view.

2️⃣ Basic rules of spot trading 🔹 Trading pairs: For example, BTC/USDT means buying Bitcoin with USDT. 🔹 Types of orders: - Limit order: Set your price and wait for the order to be filled (suitable for those who are not in a hurry). - Market order: Execute immediately at the current market price (suitable for quick buying and selling). 🔹 Transaction fees: Generally around 0.1%, some platforms offer discounts (for example, when paying with platform coins).

3️⃣ Must-watch pitfalls! 🚨 Slippage: When the market is highly volatile, market orders may execute at higher/lower prices, it's recommended to use limit orders! 🚨 Withdrawal rules: Some platforms require review for withdrawals, especially for large amounts, confirm in advance! 🚨 Minimum transaction volume: For example, you need to buy at least 0.001 Bitcoin, don't make silly input mistakes!

4️⃣ Tips for spot trading 📌 Dollar-cost averaging strategy: Invest a fixed amount each month to average costs, suitable for those who are optimistic about a particular coin in the long term. 📌 Take profit and stop loss: Set sell prices in advance to avoid greedy or panic actions. 📌 Pay attention to liquidity: Coins with very low trading volumes can be easily dumped, try to choose mainstream coins (like BTC/ETH, etc.).

5️⃣ Safety reminder:

🔐 Do not go ALL IN! The cryptocurrency market is highly volatile, investing spare money is the safest way.

🔐 Withdraw to wallet: It is recommended to store large assets in a cold wallet (like Ledger), do not keep everything on the exchange.

💡 Summary: Spot trading is less risky than contracts, but you must understand the rules and control your positions! If you don't understand, feel free to follow me.

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$BTC$USDT