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Binance official website registration link: Binance
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Spot Trading
Spot trading refers to the exchange of currencies. Usually, the way to make a profit is to buy low and sell high, such as buying bnb at 300 and selling at 400.
The spot trading method is relatively simple. Click on the transaction at the bottom of the app homepage, select the currency you need to trade, and buy or sell.
Spot Trading Zone Buying and Selling Tutorial
(1) Funds transferred to the trading account
(2) Buy or sell
Spot trading refers to the buying and selling of currencies. For example, if you hold USDT, you can use USDT to buy BTC. The profit of spot trading is to buy low and sell high. For example, if you buy BTC at 60,000 and sell BTC at 70,000, then without considering the handling fee, the profit of trading one BTC is 10,000USD.
Buying means buying BTC with USDT, and selling means selling BTC to get USDT. If you need to exchange USDT for BTC, you can choose to buy.
Spot Fee Algorithm
The profit model of spot trading is to buy low and sell high to gain profits
For example, in the screenshot above, if you buy a bnb at a price of 430u, you need to pay 430u.
If I sell a bnb and the commission price is 460, then I will get 460u after the transaction, and the difference of 30u is the profit, without considering the buying and selling fees.
The transaction fee will be deducted from the assets you receive. For example, if you buy ETH/USDT, the transaction fee is paid in ETH. If you sell ETH/USDT, the transaction fee is paid in USDT. For example: You place an order to buy 10 ETH at a price of 3,452.55 USDT per share: transaction fee = 10 ETH * 0.1% = 0.01 ETH or you place an order to sell 10 ETH at a price of 3,452.55 USDT per share: transaction fee = (10 ETH * 3,452.55 USDT) * 0.1% = 34.5255 USDT
Finally, don’t forget to use the referral code, use the referral code YISPALEX to get a 20% reduction in handling fees!
https://www.binance.com/zh-CN/join?ref=YISPALEX
