🛒 What is Binance Spot Market?
In the "Spot" market, you purchase the actual asset. When you buy Bitcoin on Spot, the BTC is yours and goes directly into your wallet. You can hold it (HODL), transfer it to an external wallet, or use it in other services.
💡 Why trade on Spot?
Real Ownership: You own the coins. If the price drops, you still have the same amount of coins (unlike futures contracts, where there's a risk of liquidation).
The biggest risk is the asset's depreciation, but you won't lose your position due to insufficient margin.
Ideal for beginners. It's the classic "buy low, sell high" strategy.
⚙️ How to get started with Binance Spot?
Make sure you have balance in your Spot Wallet (if you're in Financing, transfer internally as shown in the previous post).
You exchange one currency for another. Example: BTC/USDT (sell USDT to buy BTC).
Buy instantly at the current market price.
Limit Order: You set the exact price you want to pay. The purchase only occurs if the market reaches that value.
Strategic Tip: The Spot market is excellent for DCA (Dollar Cost Averaging) strategies, where you buy small amounts regularly to reduce volatility risk.
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