If you are new to cryptocurrency, one of the first platforms you will encounter is Binance. However, when you actually try to start trading, it can feel challenging.

In this article, we will guide you step by step on how to easily trade Binance spot on mobile apps and websites. This will be a great help to those who found terms like limit order and market order difficult.

Even for those who are using Binance for the first time, if you follow this article, you will clearly learn how to buy and sell Bitcoin in the spot market.

  • What is spot trading? It is a method of buying and selling assets instantly based on the current market price.

  • There are two types of orders: Limit and Market

  • Supported on both mobile app and website: proceed by selecting trading pairs in each interface → submitting orders → confirming execution.

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What is spot trading?

Spot Trading is a method of buying and selling assets based on the price at this moment (i.e., market price). It can be seen as trading "like cash, immediately buying and receiving".

  • Limit order: You set the price you want to trade. It will execute when the price is reached.

  • Market order: You trade at the current market price immediately. It is fast but slippage may occur.

For example, the BTC/USDT trading pair means buying and selling Bitcoin (BTC) for Tether (USDT).

How to trade spot on the Binance mobile app

STEP 1: Access the app and enter the 'Spot Trading' screen

  1. Log in to the Binance app

  2. Select [Trade] → [Spot] in the bottom menu

  3. Select trading pair

For example, when you enter BTC in the top search bar, various pairs like BTC/USDT, BTC/USDC, BTC/BNB appear. For example, the BTC/USDC trading pair means trading BTC for USDC.

STEP 2: Set order type

Once you enter the trading screen, on the left is the Buy button and on the right is the Sell button.

  1. [Limit]: Limit order

  2. [Market]: Market order

  3. Enter order

    1. Price: e.g., 64,590 USDC

    2. Quantity: e.g., 0.00038 BTC

    3. Total will be calculated automatically.

STEP 3: Submit order and confirm

  • Click the [Buy BTC] button to submit the order

  • Pending orders can be checked in [Open Orders]

  • Limit orders are executed when conditions are met

  • Market orders are executed immediately and do not remain in the order history

How to trade spot on the Binance website

STEP 1: Access the website → enter 'Spot Market'

  1. After logging into Binance, click [Trade] → [Spot] in the top menu

  2. Select the desired trading pair (e.g., BTC/USDC) on the left.

When you enter BTC in the search bar, various stablecoin pairs will be displayed. For example, you can choose BTC/USDC to buy and sell Bitcoin for USDC.

STEP 2: Set the order panel

Set the options in the order window at the bottom right:

  • [Limit] Limit: Enter the desired price directly

  • [Market] Market: executed at the current market price immediately

  • [Stop-limit] Stop limit: ordered at the limit price when conditions are met

After entering the price and quantity, you can also trade only part of your balance using the bar (%) below.

STEP 3: Submit order and confirm execution

  • Click [Buy BTC] to submit the order

  • Limit orders enter the order book and wait for execution

  • Once executed, the asset is automatically reflected in the spot wallet

Summary

Binance provides intuitive interfaces on both mobile app and website, allowing various methods of trading such as limit, market, and stop-limit orders.

It may feel difficult at first, but after repeating a few times, anyone can easily trade.
Always check assets, order types, trading pairs, etc., carefully before trading and approach with caution.

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