Hello Followers! 👋

We're sharing a practical, short guide on how to get started with Binance Spot Trading, the most fundamental operation for buying and selling crypto.

​🟱 Getting Started with Spot Trading (Steps to Start)

​Spot Trading is simply the act of buying or selling crypto at the current market price or a price you specify.

​Step 1: Select the Trading Pair

  • ​Go to the 'Trade' section of the Binance App.

  • ​Choose the Trading Pair for the coin you want to buy (e.g., BTC/USDT).

​Step 2: Choose the Order Typ

  • ​'Limit' Order: Allows you to buy/sell only when the price reaches a specific level you set. (You set the price manually)

  • ​'Market' Order: Allows you to buy/sell immediately at the current market price. (Choose this for the fastest execution)

Step 3: Set the Amount

  • ​Enter the amount of USDT you want to spend or the amount of BTC you want to sell. (e.g., Buy $50 worth)

​Step 4: Place the Order

  • ​Click 'Buy BTC' (or 'Sell BTC') to confirm the order. If it's a Limit Order, it will remain in the 'Open Orders' section until the price is reached.


    ​Crucial Tip: As a beginner, you should always start by buying small amounts to understand the market mechanics without risking too much capital.

    ​Question: Which Order Type (Limit, Market, Stop-Limit) do you use most often in Spot Trading, and why? Share your preferred method in the comments!

    #BinanceTutorial #SpotTrading. #CryptoTip #Beginnersguide