Hello everyone 
To do spot trading on Binance, you can use the "Convert" tool with a $0 fee (in market or in limit).
My question is why many traders to buy and sell use the spot trading (where there are buy, sell buttons and order book) with fees instead of using the "Convert" tool without fees?
Thanks
To do spot trading on Binance, you can use the "Convert" tool with a $0 fee (in market or in limit).
My question is why many traders to buy and sell use the spot trading (where there are buy, sell buttons and order book) with fees instead of using the "Convert" tool without fees?
Thanks
Every transaction in Binance has fees, unless you're using Binance coins such as BNB, BUSD then there is always be like hidden fees. If you try to review your transaction cost and history, you will be able to see it. The convert tool is very convenient when exchanging your small amount of coins for another coin and mainly Binance suggests and advertise that you would convert it to BNB without transaction cost.
Spot trading is ideal when you do analysis and have a preconceive price. You can set and demand what price you want to buy and sell. In spot trading, the volatility and liquidity of assets you are going to trade are crucial.