you can learn everything about binance and crypto in the next few minutes we'll be going through the steps on how to trade crypto on binance spot. Binance spot is a feature that allows you to trade one crypto for another to get started you will need to have crypto in your account.
Go to wallet, fiat, and spot. Now here you can see all the crypto available in your account. I know look at that balance what you are looking at here isn't actually a real trading environment I don't actually have over 400 million in crypto we created this environment to teach you guys at home how to use binance features and about finance features.
we'll be trading BnB for eth first up we'll go to bnb and click on trade here you'll see all the options that you can trade with BnB.select eth on the trading page let's look at the two main options when trading on binance spot limit and market.
limit orders allow you to buy and sell crypto when it's at a specific price that you have chosen. This option can enable you to buy when the price is lower and to sell when the price is higher even if you're not online. the market option gives you the ability to buy and sell crypto instantly for the current market price here are two basic examples of when you would use a limit and market order i would use a limit order if the price of eth is high and i would like to buy it at a lower price without having to check in daily what the price is once the price hits my chosen buy price the order will go through automatically by using a limit order i'm basically telling other traders on binance that i want to buy eth for let's say three thousand dollars for example then i just have to wait for another trader to want to sell me eth at that price i would use a market order if i think the price of eth is low and i want to buy quickly before it goes up again let's quickly go through the difference between a market order and a limit order market order purchases an asset at the market price falls immediately manual except for stock market orders limit order purchases an asset at a set price or better falls only at the limit orders price or better can be set in advance.
Now we will go through the steps on buying eth with bnb using a market order we're going to click on market we're going to go to cell bnb we're going to sell to bnb for east at the market price you're gonna click sell bnb just as simple as that you can trade on buy an end spot there are links in the description below where you can learn more about finance spot trading and the different options available to you.
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