#NFTMarketWatch
📘 What is Spot Trading on Binance? – A Simplified Guide for Beginners
Are you new to the world of cryptocurrencies? 🤔
Do you want to buy and sell currencies easily without getting into the complexities of contracts or leverage?
Then you should start with Spot Trading.
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🔹 What is Spot Trading?
Spot Trading is simply buying or selling a cryptocurrency at the current market price, and executing the transaction immediately.
🔮Example:
If you buy 1 BNB for 240 USDT, the amount will be deducted immediately and the currency will be transferred to your wallet.
🚫 No leverage
🚫 No borrowing
✅ You actually own the currency
