I really don't have an option if I am a muslim, spot.

What is the difference? 📉📈 Between spot trading and currency conversion on Binance? 💥🎯

Which is more profitable?✅️

🔹 Spot Trading:

Buy and sell cryptocurrencies directly on the market based on bid and ask prices.

You can set the buy or sell price you want.

Best for short-term profits if you follow the market regularly.

🔹 Convert:

Convert cryptocurrency to another directly without going through the open market.

Quick and easy for beginners or if you are looking for a hassle-free process.

Relies on spot prices, but fees may be slightly higher compared to spot trading.

🔑 Which is more profitable?

Spot trading may offer greater profit opportunities if you follow the market and take advantage of price changes.

Conversion is easier, but it is not the best option if you are focused on making profits strategically.

✍️ Advice: If you are a beginner or want speed, use conversion. If you are looking to take advantage of price changes, try spot trading.

💡 Invest smart and always keep an eye on fees!