When stepping into the world of crypto trading, one of the first things you will encounter is spot trading. It’s the most basic — and also one of the most important — types of trading available on Binance.
In this article, I’ll explain what spot trading is, how it works, and how you can get started today.
What is Spot Trading?
Spot trading simply means buying or selling cryptocurrencies at the current market price, and you immediately receive the asset.
You own the crypto directly after the trade — no borrowing, no leverage.
For example:
If you buy 1 $BTC at $94,000, you now own that Bitcoin in your Binance spot wallet.
Now you can sell your $BTC at your own price, you receive USDT (or another crypto) instantly.
Key point:
You must have enough funds in your account to buy or sell. There is no borrowing involved.
How to Start Spot Trading on Binance
Starting spot trading on Binance is simple. Here's a step-by-step guide:
1. Create and Verify Your Binance Account
Complete identity verification (KYC) to unlock all trading features.
2. Deposit Funds
You can deposit crypto or fiat (like USD) into your Binance wallet.
3. Go to the Spot Market
Click on [Trade] → [Spot] on the Binance app or website.
4. Choose a Trading Pair
Example: BTC/USDT or ETH/BUSD.
5. Place an Order
You can place a Market Order (buys/sells instantly at the best price) or a Limit Order (you set the price you want).
6. Confirm and Hold
After buying, your assets appear in your
Spot Wallet instantly.
Quick Tips for Spot Traders
Always check fees: Binance has very low trading fees, but it’s good to be aware.
Don’t chase pumps: Buy with a plan, not with emotions.
Use stop-limit orders: Protect yourself from sudden market drops.
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Conclusion
Spot trading is the safest way to start your crypto journey.
You own real crypto assets without borrowing or adding extra risk.
As I continue my 100 Days of Learning Binance and Trade, spot trading will be one of the key skills to master!
Every day we learn,
we trade smarter.
#100DaysChallenge #whatisSpotTrading
