Binance Tutorials
Binance Spot Trading Basics: Orders, Fees and Risk
An educational introduction to spot markets, order types and the checks that matter before placing a first trade.
Know what spot trading means
Spot trading generally involves buying or selling an asset without borrowing to create a leveraged position. The price can still move sharply and losses are possible.
Understand the order before sending it
A market order prioritises execution, while a limit order specifies a price. Review quantity, estimated cost, trading pair and any displayed warning before confirming.
Include total costs in the plan
Trading fees, spreads, conversion costs and withdrawal fees can all matter. A trade is not successful merely because the chart moved in the expected direction.