🔹 What is Spot Trading? A Beginner's Guide to Spot Trading on Binance
In the world of cryptocurrencies, Spot Trading is one of the most popular and simplest forms of trading. If you are using the Binance platform, you are just a few simple steps away from starting your experience with this type of trading. Let's explore what Spot Trading is, how it works, and why it is the first choice for many traders.
✅ What is Spot Trading?
Spot Trading is the process of buying or selling cryptocurrencies directly at the current market price. Unlike futures contracts or margin trading, you actually own the assets after purchasing them. For example: if you buy 1 BTC in the spot market, you own that Bitcoin and can hold it, withdraw it, or trade it later.
⚙️ How Does Spot Trading Work on Binance?
1. Choose the trading pair: such as BTC/USDT or ETH/BUSD.
2. Specify the order type:
Market Order: Buy or sell immediately at the current market price.
Limit Order: Specify the price at which you want to buy or sell.
Stop-Limit Order: Execute an order when the price reaches a certain point.
Stop-Limit Order: Execute an order when the price reaches a certain point.
