Spot Trading on Binance is simply buying and selling cryptocurrencies for immediate delivery. In other words, when you make a spot trading transaction, you are buying or selling the digital asset directly at the current available price. The asset is delivered and exchanged immediately between the seller and the buyer.

Here are the key points about spot trading on Binance:

* Ownership of the asset: When you buy a cryptocurrency in spot trading, you become the actual owner of that asset, and it appears in your spot wallet on Binance.

* Current price: Transactions are executed at the current market price, or you can place limit orders at a price you want.

* Simple and straightforward: It is considered the simplest type of trading as it relies on the principle of buying at a low price and selling at a high price (or the opposite to profit from price drops, although this is less common in spot cryptocurrency trading).

* No virtual leverage: Generally, spot trading does not involve the use of leverage directly (unlike margin trading or futures). You trade with the capital available in your wallet.