Futures and spot – let's figure out what each is for
🫠
Many beginners on Binance encounter these terms – spot and futures. At first glance, everything looks similar. But as soon as you try it – the feeling is completely different.
Today I will briefly and clearly explain the difference, the risks, and where to be more careful.
🟢 What is spot?
This is the basic level. You simply buy the coin, and it appears in your wallet. It's as simple as that.
Me and the chart. We are not relatives, but I am in the process 🙂
At first, it seems simple: the chart goes up — so the price is rising. Down — it's falling. Well, logical.
But when you start digging deeper — it feels like you're looking at chaos, not the price.
Personally, I had a feeling that this was a cardiogram before a heart attack 🙂
Gradually, I started to notice: especially much became clear after several purchases during moments of volatility (that's when the price jumps sharply up and down).
Honestly? There are no miracle pills. No words, no mantras, no techniques 'once and for all'. Because everyone has their own story. Their own fear. Their own experience, through which they once acquired this fear.
This is especially noticeable when a person first enters Binance. Even if they understand something, tension is read in their eyes: “What if I do something wrong and lose everything — without even understanding how?”
I’ve had an interest in crypto for a long time. However, along with this interest came fear. There’s a sea of information — you can just drown. And there wasn’t a single person nearby who could explain: where is the 'entry' and from which side to approach. Everything seemed complicated, tangled, somehow not mine.