#OrderTypes101
The difference between Token Voucher and Spot Trading on the Binance platform is due to the purpose and method of use:
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🌟 First: Token Voucher
What is it?
A Token Voucher is a reward offered to you by Binance (often as part of promotions or competitions like Learn & Earn or referrals). This voucher contains a specific amount of cryptocurrency (such as USDT, BNB, or BTC).
Characteristics:
Received as a "voucher" and not as direct funds.
You need to redeem the voucher to receive the currency in your spot wallet.
Usually valid for a limited time (e.g., 7 days).
Cannot be traded before redemption.
Where to find it?
Through: Profile > Reward Center > Vouchers
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📈 Second: Spot Trading
What is it?
It is a traditional method of buying and selling cryptocurrencies directly at the current market price.
Characteristics:
Trades are executed immediately at the market price.
You can buy/sell currencies like BTC, ETH, or USDT against each other.
The resulting currencies from the trade are directly added to your spot wallet.
Not related to vouchers or rewards.
Example:
If you buy 0.1 BTC for 7000 USDT in spot trading, 7000 USDT will be deducted from your wallet and 0.1 BTC will be added.
