Malik Saqib Zargar

Spot trading refers to the immediate purchase or sale of an asset (like Bitcoin). In the context of Bitcoin or cryptocurrency, spot trading involves buying or selling the actual cryptocurrency at the current market price. Here's a breakdown of how spot trading works in more details 

Features of Spot Trading :

Immediate Settlement:When you trade in the spot market, the transaction is completed immediately.

Market Price:The price at which you buy or sell is the current market price, known as the spot price. This price is determined by the supply and demand of the asset at that moment.

Ownership:Once you purchase Bitcoin in a spot market, you immediately own the asset. 

No Leverage:Spot trading typically doesn’t involve leverage. This means you're trading with the funds you actually have, reducing the risk of massive losses.

No Expiry:Spot transactions don’t have an expiration date. Once you buy $BTC , you hold it until you decide to sell.

#TradeStory #BTCTrade

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#RamadanGiveaway I am excited to share my progress of Ramadan even Binance is celebrating Ramadan with an exciting event. This special occasion offers users a chance to participate in various promotions, including trading competitions, giveaways, and rewards and win up to $5000 By engaging in these activities, users can earn exclusive prizes, such as crypto tokens and vouchers. The event aims to bring the Binance community together while promoting the spirit of giving during this holy month. Whether you’re a seasoned trader or a newcomer, there’s something for everyone, including discounts on trading fees and unique opportunities to learn more about crypto. Don’t miss the chance to be part of this festive season with Binance, where faith and finance come together. Keep an eye on their official channels for event details, timelines, and how you can participate!