Spot trading 'survival guide' for the crypto circle: 5 major pitfalls newcomers must avoid, read this to lose less than 100,000! For those just entering the crypto world:
Thinking 'spot trading = guaranteed profit'?


Thinking 'buy and hold until the bull market wins'?
Wake up! The first time I bought coins, I lost half a month's milk tea money due to 'slippage', and the platform blocked my withdrawal for 3 days...
Today, I’ll expose the 'hidden rules' and 'deadly pitfalls' of spot trading, all real experiences that cost real money!

🔥 First, break the illusion: Spot trading ≠ no risk!

Contracts are 'all in on the gambling table' (liquidation to zero),
Spot trading is 'stockpiling food' (but food can get moldy or be eaten by rats…).


Essentially, 'using real money to exchange for coins, ownership belongs to you, but the exchange might pull the plug, and the coins will go to zero'.

🎯 Core rules of spot trading (newcomers must understand)

1. Trading pairs: Understand what 'XXX/USDT' means

  • For example, BTC/USDT → Use USDT to buy Bitcoin (USDT is a stablecoin, pegged to the US dollar).

  • In simple terms: exchange 'US dollars' for 'Bitcoin', earn the difference regardless of whether it goes up or down.

2. Order types: Market order ≈ 'giving away money'?

  • Market order: Execute immediately at the current price (suitable for rapid rises/falls, like when Bitcoin breaks 100,000, use it if you’re afraid of missing out).
    ❗️ Hidden pitfall: During high volatility, the execution price may be5% higher (buy) / 5% lower (sell) (slippage), equivalent to 'automatically paying transaction fees'!

  • Limit order: Set your own price, place an order and wait for execution (suitable for patiently waiting, for example, if you want to buy ETH at 30,000, just place an order at 30,000).

💣 3 major hidden pitfalls that 90% of newcomers fall into!

1. Slippage assassin: The invisible harvesting of market orders

Last time Bitcoin plunged sharply, I wanted to buy at market price, but the execution price was 8% higher than my limit order price!
It's like buying coins worth 100,000 and paying 8,000 yuan more in fees...


Strategy: Unless the market surges or crashes, prioritize using limit orders! 2. Withdrawals can be a nightmare: The platform might block your withdrawal of 10 BTC to your wallet?
The platform may require:

  • Prove the source of funds (salary? investment?);

  • Review for 3 days, or even directly freeze (especially for large withdrawals).


Strategy: Choose platforms with lenient withdrawal policies (like Binance / OKX), prioritize putting large assets in cold wallets (Ledger). 3. Minimum trading volume traps: Don’t be a fool thinking you can buy 0.0001 of a worthless coin?
Some platforms stipulate:

  • The minimum purchase for BTC is 0.001 (about 1000 yuan);

  • Small coins are riskier, for example, some coins require a minimum purchase of 100, directly locking up your funds!


Strategy: Before trading, check the 'minimum trading volume', don’t place orders blindly!

📈 3 simple ways to make money in spot trading (even beginners can copy)

1. Dollar-cost averaging strategy: Turn your salary into 'coins'

On payday every month, automatically deduct 500U to buy BTC/ETH (averaging costs, if it drops, happy to buy more, if it rises, just enjoy).
Principle: Time is more important than timing, suitable for those who are bullish on crypto in the long term.

2. Take profit and stop loss: Set the price correctly, sleep soundly

  • Take profit: For example, if BTC cost 30,000, set it to sell automatically at 50,000 (take profit and run, don’t be greedy);

  • Stop loss: Set it to sell automatically at 25,000 (cut losses before it hurts too much, don’t hold on).
    Tools: Use the 'conditional order' function in the exchange app to set the price directly, and the system will execute it automatically.

3. Stay away from scam coins: Poor liquidity = crash to zero

Last time I bought a small coin, it rose 50% and I wanted to sell, but found all the buy orders were 0...
In the end, I could only place a sell order at 0.1U, directly halving my investment!


Strategy: Only buy mainstream coins (BTC/ETH/BNB), don’t touch coins with low trading volume!

🔐 Ultimate safety rule: Exchanges can also run away!

  1. Don't keep all your coins on exchanges:
    If the exchange goes bankrupt or is investigated, your coins will drop to zero (refer to Mt. Gox, FTX collapse).
    Large assets must be withdrawn tocold wallets (Ledger/Trezor), keep the private keys yourself!

  2. Invest with spare cash! Don't go all in:
    Going all in with 'money for marriage' and 'money for buying a house'?
    If the coins rise, your partner is gone; if the coins drop, the house is gone...


Finally, I’ll give you a mantra:
Good at spot trading, rules + position + safety net!
Avoiding one pit is better than earning more than 90% of people~

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