What is the Spot Wallet on Binance?
The Spot Wallet is the heart of your account on Binance. It is where your cryptocurrencies are available for immediate use — whether to sell, withdraw, send, or trade.
When you buy a crypto (like $BTC , E$ETH , or USDT), it goes straight to the Spot.
This wallet allows you to:
Buy and sell crypto in real time.
Transfer to other wallets, people, or exchanges.
Withdraw funds to your bank account (after converting to local currency).
Easily convert between different cryptos.
Important:
The Spot does not earn interest by itself — it is meant for transactions, not for passive investment.
Before withdrawing or trading, check if your crypto is in it (some are in other wallets, like Earn or Funding).
Helpful tip:
If your crypto is in another area (like Earn or P2P), transfer it to the Spot first to be able to move it.
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