#TradingTypes101 🔰
What is Spot Trading?
Spot Trading is the simplest type of trading on the Binance platform. It involves the direct buying and selling of cryptocurrencies, and the trade is executed immediately at the current market price. There is no borrowing or leverage in this type of trading, making it an ideal option for beginners who want to actually own the currencies.
In this type of trading, the cryptocurrencies remain in your wallet, and you can hold or transfer them at any time. For example, if you buy the BTC/USDT pair, you are buying Bitcoin using Tether at the direct market price.
🚀 Suitable for users who prefer safe and simple trading.
Have you tried spot trading before? 🤔 Share your experience!
