📈 What is Spot Trading? And why should you start today on Binance!
In the world of cryptocurrencies, trading styles vary based on objectives and experience. But if you're looking for a simple, straightforward, and relatively safe way to enter the market, then Spot Trading is your ideal choice.
🔍 What is Spot Trading?
Spot Trading is the process of buying and selling cryptocurrencies at the current market price, known as the "spot price" or "instant price." When you execute a spot transaction, the currency is delivered immediately, meaning you own the asset right after purchasing it.
A simple example: If you buy 1 BNB at a price of $240, this amount will be deducted from your balance and the BNB will be added directly to your wallet.
