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Spot Vs. Convert

Binance

Cryptocoins Exchanges / Binance 139 Views

Hello guys im new to buying and selling, from the title I have to ask what the difference is between spot and convert in binance. I at present have bitcoin and waiting for worth to increase, I understand that once I sell in spot, I would have to wait for somebody to buy my bitcoin, if in that timeframe the worth drops, then I might lose a bit of money. But when I outright transformed my BTC to USDT, then i will not lose cash proper? In that case, then what is using spot? And why would I exploit spot if I might simply convert my BTC immediately?


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