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What Is Spot Trading ||

samin1 - 2024-03-09 08:23:39





Assalamu Alaikum











How are you all today in this post we will talk about trading. We all know how important trading is in cryptocurrency. By trading people have got a lot of profit and also by trading people have faced a lot of loss. Today I will share something from my experience. In today's post I will talk about spot trading. So let's start talking. See spot trading is a very simple process. If you can learn spot trading well then you can trade very well. To do spot trading you need to download an exchanger first. For this you can take Binance. You can trade very easily on Binance.


![Screenshot_2024-03-09-13-50-56-874_com.binance.dev.jpg](https://cdn.steemitimages.com/DQmXVgEPR3FRdmpMXwxt4AQGZuPfr3tMey4WWrcoRUXy39E/Screenshot_2024-03-09-13-50-56-874_com.binance.dev.jpg)

So after coming to Binance you will go to your wallet here. And after going to wallet, you will get an option named spot here. You can put dollars there if you want. And with these dollars we will buy and sell. So here I think it is better to buy usdt. Because usdt is a stable coin.



![Screenshot_2024-03-09-13-51-11-975_com.binance.dev.jpg](https://cdn.steemitimages.com/DQmYCEHQ2fdwwEyzVXnkyg4sfvob7b7GVUSGdqttRuEXBy8/Screenshot_2024-03-09-13-51-11-975_com.binance.dev.jpg)

So then we will get an option named Market and go there. So after going to the market we will get all kinds of coins here. So we will select the preferred coins from these coins. Then you can now buy sell with buy order.



![Screenshot_2024-03-09-13-51-24-213_com.binance.dev.jpg](https://cdn.steemitimages.com/DQmdbCJYaS6L8wnKiufSFuqcAht3kHymFPwqsSTMZ1BTnqG/Screenshot_2024-03-09-13-51-24-213_com.binance.dev.jpg)

Suppose you want to buy a coin at a certain price, then you give this price, then if someone wants to buy it, then it will be bought, then in this way you can buy and sell. Again when it comes at a good price you can buy it. So friends, this was today's post. Looking at the new post? Thank you everyone.