To trade spot on Binance, you first need an account. If you don't have one, you can register on Binance. If you prefer mobile, you can also download the Binance APP — both registration and trading can be done on your phone.
What Is Spot Trading?
Spot trading is essentially a straightforward exchange — you pay USDT to buy BTC, and the BTC is yours, sitting in your spot account. Unlike futures, spot trading has no leverage — what you buy is what you get, and there's no risk of liquidation.
How to Buy Cryptocurrency
Step 1: Deposit or Buy USDT
Before trading, you need USDT (a stablecoin). You can buy it through C2C or deposit it from another platform.
Step 2: Go to the Trading Page
Open the APP, tap "Trade" at the bottom — the default view is the spot trading interface. You can search for the coin you want to trade at the top, such as BTC.
Step 3: Place a Buy Order
At the bottom of the trading page, select the "Buy" tab. You'll see several order types:
- Limit Order: You set the price, and the trade only executes when the market reaches that price
- Market Order: Executes immediately at the current market price — the fastest option
Beginners are recommended to start with market orders — simple and straightforward. Enter the USDT amount you want to spend and tap "Buy BTC."
Step 4: Confirm the Order
The system will show a confirmation window. Verify the coin, quantity, and price are correct, then confirm. After execution, the coins you purchased will appear in your spot account.
How to Sell Cryptocurrency
Selling works similarly to buying. On the trading page, switch to the "Sell" tab, select a market or limit order, enter the quantity you want to sell, and confirm. After selling, you'll receive USDT.
Practical Tips
- Start with a small amount: Don't invest too much on your first trade — get familiar with the process first
- Pay attention to trading pairs: Make sure you've selected the correct pair, such as BTC/USDT
- Check the fees: The default spot trading fee is 0.1%, and using BNB to pay fees gets you a discount
- Set take-profit and stop-loss: Even with spot trading, price swings can be significant — set your sell prices in advance
Where to Check Orders
After execution, you can view your history on the "Orders" page. If a limit order hasn't been filled yet, it'll appear in "Open Orders," where you can cancel it at any time.
Spot trading is the most fundamental form of trading. Once you've got the hang of it, exploring other strategies becomes much easier.