3. Spot Trading on Binance
Spot trading is a form of buying/selling cryptocurrency at the current market price (spot price) or setting a specific price (limit order). Steps to perform:
Access the Spot interface: Log in to Binance, go to Trading > Spot.
Select trading pair: Choose the currency pair you want to trade, for example BTC/USDT (BTC is the base asset, USDT is the quote asset).
Choose order type:
Market Order: Buy/sell immediately at the current market price. Enter the amount you want to buy/sell and click Buy or Sell.
Limit Order: Set a specific price you want to buy/sell at. For example, if you want to buy BTC at a lower price than the current price, enter the price and amount, then click Buy BTC. The order will be executed when the market price reaches the level you set.
Stop-Limit Order: Used to set stop-loss (Stop Loss) or take profit (Take Profit) orders. Enter the trigger price.