Good-Guy
VIP Contributor
I am planning to start trading on Binance for the first time and I do not know anything about how the platform works. I have heard about spot trading, but I am not sure how to start it. Recenlt, when I logged into my Binance account, I saw something like "Convert And OTC Portal". I am really not sure what it means and I have never heard or read about it before. However, as far as my assumption is concerned, I think this feature is all about converting the coin you deposited into some other coin. For example, if you deposited, Bitcoin, you can convert it to Ethereum. Am I right? Is this what it means? If I convert the deposited coin to some other coin, would I be trading straight away? Is Binance that straightforward?