Binance Square

Sheryl Grosh AoYD

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Understanding the Binance Spot Trading ScreenIntroduction The image shows the Spot Trading section of the binance.com⁠� mobile application. Spot trading is one of the most common methods used in cryptocurrency exchanges where users buy or sell digital currencies instantly at the current market price. In this screen, the selected trading pair is BTC/USDT, which means users can trade Bitcoin against Tether. Main Features Visible on the Screen 1. Trading Pair – BTC/USDT At the top of the screen, the trading pair BTC/USDT is displayed. This indicates: BTC = Bitcoin USDT = Tether (a stablecoin linked to the US Dollar) Users can: Buy BTC using USDT Sell BTC and receive USDT The green percentage (+0.55%) shows that Bitcoin’s price has increased slightly. Buy and Sell Options The screen contains two important tabs: Buy – Used to purchase Bitcoin Sell – Used to sell Bitcoin Currently, the Buy option is selected. Order Type – Limit Order The order type shown is Limit. A limit order allows users to: Set a custom buying price Purchase only when the market reaches that price Example: If BTC price is 77,446 USDT but you want to buy at 77,000 USDT, you can place a limit order. Price and Amount Section Price (USDT) This is where users enter the price they want to buy Bitcoin at. Amount (BTC) This section is used to enter how much Bitcoin to buy. Total (USDT) Displays the total cost of the transaction. Market Order Book On the right side of the screen: Red numbers represent sell orders Green numbers represent buy orders The center green number shows the current market price of Bitcoin.

Understanding the Binance Spot Trading Screen

Introduction
The image shows the Spot Trading section of the binance.com⁠� mobile application. Spot trading is one of the most common methods used in cryptocurrency exchanges where users buy or sell digital currencies instantly at the current market price.
In this screen, the selected trading pair is BTC/USDT, which means users can trade Bitcoin against Tether.
Main Features Visible on the Screen
1. Trading Pair – BTC/USDT
At the top of the screen, the trading pair BTC/USDT is displayed. This indicates:
BTC = Bitcoin
USDT = Tether (a stablecoin linked to the US Dollar)
Users can:
Buy BTC using USDT
Sell BTC and receive USDT
The green percentage (+0.55%) shows that Bitcoin’s price has increased slightly.
Buy and Sell Options
The screen contains two important tabs:
Buy – Used to purchase Bitcoin
Sell – Used to sell Bitcoin
Currently, the Buy option is selected.
Order Type – Limit Order
The order type shown is Limit.
A limit order allows users to:
Set a custom buying price
Purchase only when the market reaches that price
Example: If BTC price is 77,446 USDT but you want to buy at 77,000 USDT, you can place a limit order.
Price and Amount Section
Price (USDT)
This is where users enter the price they want to buy Bitcoin at.
Amount (BTC)
This section is used to enter how much Bitcoin to buy.
Total (USDT)
Displays the total cost of the transaction.
Market Order Book
On the right side of the screen:
Red numbers represent sell orders
Green numbers represent buy orders
The center green number shows the current market price of Bitcoin.
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