Spot trading is the most fundamental form of cryptocurrency trading -- simply buying and selling directly. Register on Binance to start spot trading, and download the Binance APP to trade on the go.
What Is Spot Trading
Spot trading is exchanging one asset for another -- for example, buying BTC with USDT, or selling ETH for USDT. The coins you buy are actually stored in your wallet and can be withdrawn at any time.
How to Conduct Spot Trading
- Open the Binance APP and tap "Trade" at the bottom
- Select "Spot" mode
- Enter the coin you want to trade in the search box
- Select a trading pair (e.g., BTC/USDT)
- Choose Buy or Sell on the trading panel
- Enter the price and quantity, then confirm the order
Order Type Explanations
- Market order: Executes immediately at the current best market price
- Limit order: Sets a price and automatically executes when the market reaches it
- Stop order: Sets a trigger price for loss control
Trading Interface Guide
The K-line chart at the top shows price movement. The order book in the middle shows current pending orders. The trading panel at the bottom is where you place orders.
Tips for Beginners
Start trading with a small amount to get familiar. Use market orders first to learn the process, then try limit orders and other advanced features as you gain experience.