Binance Spot Trading: The Basics Explained

What is Spot Trading?

Spot trading is the most straightforward form of crypto trading. You buy or sell cryptocurrencies at the current market price and the transaction is settled “on the spot.”

How It Works on Binance:

Binance’s Spot Trading platform allows users to trade hundreds of crypto pairs (like BTC/USDT, ETH/BUSD). You can place three types of orders:

• Market Order: Buy/sell instantly at the best available price.

• Limit Order: Set a specific price at which you want to buy/sell.

• Stop-Limit Order: Useful for automating trades and managing risk.

Why Use It?

• Easy for beginners

• Transparent pricing

• Full ownership of your assets

Tips:

• Always double-check your order type.

• Use the depth chart to understand market sentiment.

• Combine with Binance’s TradingView charts for deeper analysis#TariffPause