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Author Topic: How To Trade Crypto On Binance App - 'Spot Trading'  (Read 14 times)

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How To Trade Crypto On Binance App - 'Spot Trading'
« on: March 17, 2021, 03:27:59 pm »

HOW TO TRADE 'SPOT' ON BINANCE APP

Log in to the Binance App, click on [Trade] to go to the spot trading page.

Here is the trading page interface.

1.Market and Trading pairs.

2.Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.

3.Sell/Buy order book.

4.Buy/Sell Cryptocurrency.

5.Open orders.

You can use "Limit order" to buy BNB.

Insert 0.002 BTC for the price.Select 100% for the quantity.Once the market price of BNB reaches 0.002 BTC, the “Limit” order will be completed, and you will have 1 BNB in your spot wallet.

You can follow the same steps to sell BNB.

NOTE:

The default order type is called a limit order. But if traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, traders could make a transaction instantly at the current market price.If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, then you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed.The percentage shown below the BNB Amount box refers to the amount of BTC you wish to use to buy BNB.Put the amount and buy crypto.

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