Author｜Sangbi District Shi Editorial Team
Release｜2026/11/09
Update｜2026/11/10

Binance spot trading involves using one asset on hand to buy or sell another asset. Taking BTC/USDT as an example, when buying, you spend USDT to get BTC, and when you sell, you hand over BTC in exchange for USDT. For the first operation, you can first understand the trading pair and order type, then complete a purchase, confirm the actual transaction quantity, and finally practice checking or canceling unfulfilled orders.

Further reading:What is Binance? 2026 Binance Exchange Introduction, Registration and Usage Tutorial

What should I prepare before starting Binance Spot?

First complete the required identity verification for your account and prepare the required assets for trading. If you want to use BTC/USDT to buy BTC, you must have available USDT. Taiwanese users can first prepare funds through the supported currency buying or crypto asset deposit channels, and then proceed to the spot page to operate.

After entering the transaction page, check the "Available/Avbl" amount and source of funds. Binance official app tutorial explains that when applicable, the source can include spot, funds and financial accounts, and users can also select the source account. If the asset is not included in the available amount, first check the source settings, the account where the asset is located, and whether it is occupied by other entrustments, and then follow the transfer or fund adjustment functions provided on the screen.

Further reading:Binance Deposit Tutorial: 2026 Taiwan Coin Purchase, USDT Transfer and Account Inquiry

What is BTC/USDT? Understand the trading pair first

BTC/USDT The BTC on the left is the asset to be bought and sold, and the USDT on the right is the quotation unit. Assume that the screen shows that 1 BTC is 100,000 USDT, which means that the price quoted for buying and selling 1 BTC is approximately 100,000 USDT. You can buy less than 1 coin, but each trading pair has rules such as minimum amount and quantity accuracy.

"Buy BTC" means spending USDT in exchange for BTC. "Selling BTC" means exchanging BTC for USDT. If you want to finally receive Taiwan dollars from the bank, you must then complete it through the supported Taiwan dollar transaction and withdrawal channels.

How to choose between market order and limit order?

How to complete an order? What appropriate operation requirements should be filled in when placing an order? Market order (Market) is matched with the current transactable price in the order book, and may be executed in batches. The purchase and sale quantity, or the total amount field supported by the screen is to be completed based on the current quotation. Limit order (Limit) is only matched at the specified price or better price. The limit price and quantity are clearly willing to accept the price, and are willing to wait for the transaction.

The latest transaction price is the transaction price that has just occurred. After sending a market order, the actual average price depends on what orders are available when your order is executed. If a limit buy order is set higher than the tradable selling price, it may be filled immediately. To determine whether it is a Maker or a Taker, it depends on whether the order remains on the book first to provide liquidity.

Binance App Spot Coin Buying Tutorial

The following is a demonstration of the "Trade → Spot" path in the official document. The interface text may be adjusted depending on the language and version. The prices and amounts in this article are all calculation examples.

The first step is to choose BTC/USDT and buy

Log in to the App, open "Trading" and select "Spot" to search for BTC/USDT. After checking the trading pair, select "Buy" to view available USDT.

The second step is to buy with a market order.

Select "Market Price", and if the "Total" field is provided on the screen, you can fill in the USDT you want to spend, for example, 100 USDT. Check the direction, assets and amount before sending "Buy BTC".

Assuming that the actual average price of the entire transaction is exactly 100,000 USDT per BTC, 100 USDT can buy 0.001 BTC before deducting transaction fees. After the transaction is completed, go to the transaction record to check the average price, actual BTC received and fees.

The third step is to use a limit order to set the price.

If you want to wait until BTC drops to 95,000 USDT per coin before buying, select "Limit Price", fill in the price of 95,000, the quantity of 0.001 BTC, and the commission amount is 95 USDT. After verification, send the order and go to "Current Orders/Unfulfilled Orders (Open Orders)" to check the status.

After the price meets the conditions, there need to be enough counterparty orders to complete the transaction. It may be a one-time deal, a partial deal, or continue to wait.

How to sell Binance spot?

Return to the same trading pair BTC/USDT, switch to "Sell", select market price or limit price, and then fill in the amount of BTC to be sold. The direction of buying and selling assets needs to be reconfirmed.

Assume that the previous market price purchase received 0.000999 BTC after deduction of fees, and then you choose to sell 0.00099 BTC, and this amount complies with the current order rules of the trading pair. If the entire transaction is completed at 110,000 USDT per coin, the selling amount will be 108.9 USDT. If a 0.1% fee rate applies to this sale, and the fee is deducted from the USDT received, the actual amount received after deducting 0.1089 USDT is 108.7911 USDT. There is an additional 0.000009 BTC remaining in the account. This fractional balance may not be sold individually due to quantity precision or minimum transaction amount. This is a demonstration of sales and fees. Actual results are subject to transaction records.

Further reading:Binance Withdrawal Tutorial: 2026 Withdrawal, Exchange of Taiwan Dollars and Bank Withdrawal Process

How to check the transaction, cancel the order or modify the pending order?

The page can confirm what current orders/unfilled orders are still waiting for, the completed quantity and remaining quantity, the completion, cancellation and other status of orders (Order History), the actual transaction price, quantity, time and fees charged.

If the limit order is still waiting, you can choose to cancel it in the current order. For orders that have been partially filled, the remaining unfilled portion will be cancelled, and previously completed transactions will still remain. Some interfaces also provide the ability to modify the price and quantity of uncompleted limit orders, confirm the number of transactions that have been completed before modifying, and the remaining orders after modification.

According to Binance's official "Modify Uncompleted Limit Order" tutorial, after modifying the price or quantity through this process, the original order number (Order ID) will be canceled and a new order number will be created; if the balance is insufficient, the order will be cancelled. Therefore, after modification, you should re-check the current orders, historical orders and transaction records to confirm whether the new order was successfully established, the remaining quantity and the previous transaction results, and avoid using the original order number to judge the status.

For example, if you entrust to buy 0.01 BTC, 0.004 BTC has been sold. After cancellation, the 0.004 BTC has still been bought, and the remaining 0.006 BTC will stop waiting.

How are Binance spot fees calculated?

As of this writing, the general user Maker/Taker rates in Binance’s standard crypto asset spot rate table are 0.1%/0.1%, and the applicable BNB deduction discount is 25%. Other rates may apply for certain trading pair promotions, different quoted assets and account levels.

If a purchase receives 0.001 BTC before deduction, the applicable rate is 0.1%, and the fee is deducted from the BTC received, the fee is 0.000001 BTC, and the actual receipt is 0.000999 BTC. If BNB is used for deduction, it will be charged in BNB according to applicable rules. The actual deduction currency and amount can be confirmed in the transaction record.

Further reading:How are Binance fees calculated? 2026 Spot, Contract, Withdrawal and BNB Discount Tutorial

Binance Spot Trading Risks

Spot asset prices will fluctuate, and the average price of market orders may also slip due to the order amount and market depth. When using it for the first time, you can familiarize yourself with the process by using a small amount that meets the minimum transaction limit. While assets are placed on the exchange, account verification and login permissions must also be properly managed.

If you use a stop-limit order (Stop-limit) later, you must clearly distinguish between the trigger price and the limit price. A limit order will be generated only after the triggering conditions are met, and the transaction may still not be completed during fast market conditions.

Binance Spot FAQ

Why can’t I buy USDT on the spot page even though I have USDT in my account?

First check the available balance and source account, and then check whether there are other unfilled orders occupying funds. If the balance is sufficient, then check the minimum order amount, quantity accuracy and trading pair status. "Trading Parameters" can be viewed in the spot menu of the Binance App.

What is the minimum price to buy on Binance Spot?

The minimum order amount and quantity accuracy depend on the trading pair. You can check it on the trading parameters page of the trading pair, and you can also pay attention to the system's amount prompt before sending.

Can a limit order be canceled before it is executed?

Orders that are still waiting can be canceled. If the transaction has been partially completed, only the remaining part will be cancelled. You can check historical orders and transaction records at the same time to confirm how much has been completed.

official sources

*This article was compiled by the Sangbi District Editorial Team based on official information and public information. The content is for information and educational purposes only and does not constitute investment advice. *

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