Spot Trading with Binance
The simpest way to trade trusted cryptocurrencies
Why Spot Trading?
Spot trading is the simplest way for people to start trading on Binance — regardless of how experienced they are. Whether it’s your first time buying or selling a cryptocurrency or you’re a veteran trader, Spot trading is straightforward and easy to use.
Advantages of Spot Trading
Start your first trade with these easy steps.
Simple to use
You can easily add funds to your wallet, find a cryptocurrency you’re interested in trading, and make a trade. You don’t need to be a crypto expert to Spot trade on Binance.
Low fees
Benefit from low fees when Spot trading on Binance, featuring competitive trading fees across a wide range of cryptocurrency token pairs.
Get started!
As soon as you’ve verified your account, you can upgrade it to become a Binance Pro user for free and start Spot trading. You can learn more about Spot trading on Binance Academy.
What are Spot Trading Bots?
Trading Bots
Binance Spot Trading Bots are designed to automate the process of buying and selling cryptocurrencies on the Spot market. The bots can execute trades based on predefined parameters and strategies. Currently Binance Spot Trading Bots include Spot Grid, Spot DCA, and Rebalancing Bot.
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Frequently Asked Questions
Why am I being charged different transaction fees?
The fees charged are based on your VIP Tier and our ongoing promotions.
Why was my limit order not filled?
There is no guarantee your limit order will be executed. If the market price never reaches the limit price, your trade will remain unfilled in the order book.
In addition, if the market reaches the limit price you have set but there's insufficient liquidity in the order book to complete your order, your limit order may not be executed.
Orders in the order book are filled in the same chronological order in which they were placed and there are likely other users who have placed orders ahead of you.
Why was my order filled at a higher / lower price than my limit price?
The limit order is executed at the limit price or better. A limit order allows your order to be filled at a better price if it is available on the order book, not a guaranteed fixed price.
Why am I not able to place a trade at a much lower or higher price than the current market price for buying and selling?
At Binance, we offer a competitive order book with users in mind. As such, all orders placed must be within 20% to 500% of the current market price; this is only applicable to crypto pairs. For fiat to stablecoin trading pairs (e.g., USDT/TRY) orders must be within 80% to 120% of the current market price.
What is the difference between trade history and order history? I have placed only one order but I see multiple entries in my trade history.
Trade history represents the historical record of actual transactions. Only filled orders are shown in this section, but do note that multiple trades may be required to have a single order filled. Order history is a record of your orders and shows filled and unfilled orders within a given period.
How can I view my token history?
To view your token history, you’ll need to go to your wallet page and select an asset to view. This will allow you to view details according to different filters, including Deposit & Withdrawal, Convert, Buy & Sell, Earn, and Distribution. Alternatively, you may refer to this FAQ page on how to generate your statements.
What is the maximum number of open orders I can have in Spot trading?
You may have up to 200 open limit orders. For advanced order types, such as stop-limit, trailing stop, and OCO orders, you can have up to five open orders. Do note that these orders do not enter the order book until the market price reaches the activation price.
Click here for more Spot Trading FAQs.
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Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.