How do I make a spot trade on Binance?

Spot trading on Binance is a simple process once you've signed up for a Binance account. Let's take a look at Binance's exchange view and explore how to make a spot trade. You can find the Spot trading platform by hovering over [Trade] and clicking [Spot] on the Binance homepage.

How to buy Crypto on Binance?

On Binance, you can buy crypto on the spot market instantly; it involves instant delivery in the market on a particular date. The fee for instant buy/sell is 0.5% per transaction instead of a 0.1% fee per slide for spot trades. The main feature of a spot market is real-time pricing—all the prices you see on the market update instantly.

How much BUSD will I get from Binance?

Binance will deliver the BUSD in no time. Once the operation is done, you will receive $2,000 BUSD. Spot trading is one of the most common and straightforward ways to trade. It’s beneficial for newbie traders. Although the spot market is simple to use, it is always helpful to be aware of its benefits, drawbacks, and potential risks.

Why is Binance so popular?

Binance is an extremely popular cryptocurrency exchange and token. Its success is fueled by speed, low fees, and sheer number of transactions. If a lot of people are using a platform, that means it’s easy to find buyers and sellers for the currency you’re after - known as liquidity. ByMatt Hussey Jan 22, 2019Jul 10, 2019 4 min read