Spot Account vs. Margin Account on Binance
Spot Account:
* Direct Buying and Selling: You buy and sell cryptocurrencies immediately, without the need for loans.
Bruno Roos
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What is the difference between Spot and Margin?
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🔹 Spot Trading: You buy and sell currencies with the balance you already have in your account. Simple and straightforward.
💰 Fee: Applied only when the order is executed (usually around 0.1%).
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🔹 Margin Trading: You can borrow money to make larger trades, increasing profits (or losses).
⚠️ Caution: In addition to the trading fee, you pay daily interest on the amount borrowed.
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🔎 About Fees:
Maker: When you create a limit order (usually lower fee).
Taker: When you accept an order already in the market.
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📌 Tip: If you cancel an order, you don't pay any fees!
🎯 Conclusion: If you are a beginner, start with Spot. Margin requires more experience because of the risks.
$BTC $SOL $DOGE
-
🔹 Spot Trading: You buy and sell currencies with the balance you already have in your account. Simple and straightforward.
💰 Fee: Applied only when the order is executed (usually around 0.1%).
-
🔹 Margin Trading: You can borrow money to make larger trades, increasing profits (or losses).
⚠️ Caution: In addition to the trading fee, you pay daily interest on the amount borrowed.
-
🔎 About Fees:
Maker: When you create a limit order (usually lower fee).
Taker: When you accept an order already in the market.
---
📌 Tip: If you cancel an order, you don't pay any fees!
🎯 Conclusion: If you are a beginner, start with Spot. Margin requires more experience because of the risks.
$BTC $SOL $DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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