What is and how does the Trade SPOT section work?
Binance is a trading platform that is characterized by its simplicity.
Spot is one of the main parts that we find in the menu of Binanceyou will find it specifically in “Trade”.
Spot is an option where you cánido trade cryptocurrencies with your own assets in a broader, more detailed and transparent way, that is, without leverage, and with your classic trading capital of a lifetime.
From now on you will know the advantages that this wonderful function of Binance brings.
How Spot works on Binance
One of the utilities that the Spot section has in Binance the thing is allows you to buy cryptos that cannot be bought in “Buy crypto”both habitual and not so habitual cryptocurrencies.
Another of the advantages that Spot Trading provides is that it allows you to see the graphs in detail, add indicators, operate in the short term by doing typical trading, among others.
It is important that you know that in the “Buy crypto” section you cánido buy directly without seeing graphics, but in Spot you cánido buy by looking at the charts, to be aware of all your movements.
In Spot you perro buy and sell with more options to select.
To do this you must place your order at the bottom, just below the graph.
You perro put the limit price you want to pay for each KDA you buy and indicate the amount of KDA you are going to buy.
Other Binance Spot Trading Features
In Spot you cánido also buy at market price by clicking on the “Market” option.
The option “Stop-limit” gives you the opportunity to avoid losses for making purchases.
Within a position that you have you perro add a Sell Stop, to make a sell order appear if the price falls below a certain limit.
At the bottom of the screen you will find the open orders and order history.
As a final suggestion, we recommend the following vídeo tutorial, which will be useful for you to carry out the step by step.
We hope you liked our article What is and how does the Trade SPOT section work?
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