Binance spot trading is the activity of buying or selling cryptocurrencies on the spot market at the current market price. This means you can buy or sell crypto assets and receive or pay the assets immediately.
On the other hand, Binance futures trading involves entering into a contract to buy or sell cryptocurrencies at a predetermined price on a specified future date. This allows traders to speculate on the price movements of cryptocurrencies without owning the actual assets.
In simple terms, spot trading is for immediate buying or selling of crypto assets, while futures trading is for making speculative trades based on future price movements.
