What is Spot Trading

Introduction

Spot trading offers a simple way to invest and trade. With crypto investing, your first experience will likely be a spot transaction in the spot market.

Spot markets exist across different asset classes, including cryptocurrencies, shares, commodities, and bonds. You're probably more familiar with spot markets and spot trading than you think. Some of the most popular markets, like the NASDAQ or NYSE, are spot markets.

What’s a spot market?

A spot market is a financial market open to the public where assets trade immediately. A buyer purchases an asset with fiat or another medium of exchange from a seller. Delivery of the asset is often immediate, but this depends on what’s being traded. Binance Spot is a feature that allows you to trade one crypto for another. To get started you need crypto in your account Follow this article for top-up your account 👉👉 click Go to trading page and on the trading page let's look at the two main options when trading on Binance

Spot Limit Market These are allows you to buy and sell crypto The market option gives you the ability to buy and sell crypto instantly for the current market price Market order purchase an asset at the market price. Limit Order purchases an asset at a set price.