Best coins for spot trading crypto Binance

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Meet the 7 ‘Best’ coins for spot trading Binance and avoid the risk of being liquidated. Also, learn the best conditions for trading setups.

Navigating the volatile crypto markets requires careful consideration and strategic choices. In this guide, I’ll delve into the world of spot trading on Binance, focusing on coins that have emerged from the Binance Launchpad platform. These coins are known for their unique blend of high liquidity and volatility, making them attractive options for traders seeking frequent opportunities.

I’ll explore the benefits of trading Binance Launchpad tokens, including liquidity advantages, trading fee discounts, and integration within the Binance ecosystem. Furthermore, I’ll provide insights into the essential criteria for selecting coins for spot trading, such as volatility, liquidity, trading volumes, and market depth. After all, spot trading crypto means reducing risk while benefitting from the volatile nature of the markets.

Finally, I’m not a financial advisor. This guide is meant for educational purposes only and covers my opinion as a frequent Binance user. Do your own research, before making any investments.

Best Coins For Spot Trading Binance

Below is a table representing data from some interesting coins launched by the Binance Launchpad platform. The reason why I focus especially on these coins is their high liquidity in combination with high volatility. Both elements are essential if you want to trade currencies on a regular basis.

🚀Launchpad TokenSymbol🏷️Price📈 24h Tr. Vol. (BNB)📉 30 Day Tr. Volatility📊Marketcap
PolygonMATIC$0.53614-21%$5,032,507,205
MultiversXEGLD$24.9959-21%$644,072,102
Axie InfinityAXS$4.50123-23%$638,158,346
The SandboxSAND$0.3059-24%$629,463,649
InjectiveINJ$6.81134-16%$574,982,452
Fetch.AIFET$0.2233521%$186,168,492
ArkhamARKM$0.481430-7%$78,185,599
A snapshot from Binance on 09/01/2023 with 24h BNB Volumes(MATIC/BNB, AXS/BNB, etc.)

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Why Trade Binance Launchpad Tokens?

Again, if you want to start spot trading Binance then you should consider the tokens that have been created with Binance Launchpad. For instance, you can trade on the USDT pair(e.g. AXS/USDT) or use BNB as a trading counterpart. In addition, below are the reasons why Binance Launchpad tokens are a good fit for crypto spot trading:

  • High Liquidity: Tokens launched on Binance Launchpad usually have good liquidity on the Binance exchange, making it easier to buy and sell them at competitive prices.
  • Trading Fee Discounts: Spot trading fees on Binance are about 0.1% per trade. On top of that, you have a fee discount of 25% when using BNB as the trading pair.
  • Binance Ecosystem Integration: Launchpad tokens are integrated into the Binance ecosystem, which means they can often be used for various purposes within Binance, such as trading, staking, lending, and more. This versatility can make them more valuable and useful.
  • Community and Hype: Launchpad projects often generate significant community interest and hype, which can lead to increased trading activity and volatility. For traders who thrive on market sentiment and news-driven trading, this can be an attractive feature.
Spot Trading Binance on INJ/BNB token pair

How To Define The Best Coins for Spot Trading Binance

Of course, it’s up to you to decide what kind of tokens you choose to trade on Binance. Moreover, with 350(+) different ‘altcoins’ and trading pairs there is plenty of choice. In general, to find the best coins for spot trading take into account the following:

  • Volatility – Volatility refers to the degree of price fluctuations that a cryptocurrency experiences over a specific period. High volatility means that the price can change rapidly, while low volatility implies more stable and predictable price movements.
  • Liquidity – Liquidity represents how easily an asset can be bought or sold without significantly affecting its price. High liquidity means there are many buyers and sellers in the market, making it easy to enter or exit a trade without causing major price changes.
  • Trading Volumes – High trading volumes indicate active participation in the market, which can be a sign of liquidity and interest. Traders often look for coins with substantial trading volume to ensure they can easily buy or sell their assets.
  • Market Depth – Market depth represents the level of supply and demand for a particular cryptocurrency at different price levels. It’s typically visualized as a depth chart showing buy orders (bids) and sell orders (asks) at various prices.
Market Depth chart on Binance orders book

7 Best Coins for Spot Trading Binance

Next, a deeper look into the several Binance Launchpad tokens mentioned earlier in this article. Again, if you want to trade more frequently(1 or more trades per day) it’s recommended to trade against the BNB pair. For instance, if you trade AXS/BNB pair, you get 25% off for every single trade.

On the other hand, for more volatility and potential gains, try the lower-cap coins like Arkham(ARKM) in combination with the USDT pair. Remember, with high volatility also comes high risk!

Coin 1: Polygon(MATIC)

In 2017, the Matic Network was founded as an IEO on Binance where investors could participate by selling BNB for MATIC. Later on, in 2021, the project members decided to scale up and rebrand to Polygon.

In short, Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more.

Related: How to Buy Polygon(MATIC) on Binance

At the time of writing, Polygon has a global 24-hour trading volume of around $243 million and is traded upon 100(+) exchanges. Besides, on Binance you can find the following(12!) trading pairs:

MATIC/ETHMATIC/USDTMATIC/TUSDMATIC/BUSD
MATIC/BNBMATIC/BTCMATIC/BIDRMATIC/BRL
MATIC/EURMATIC/GPBMATIC/RUBMATIC/TRY

Coin 2: MultiversX(EGLD)

In June 2019, there was an ICO on the Binance Launchpad where 5 billion EGLD tokens went for sale. Additionally, the ICO price per token was $0,000650 and the Elrond team raised a total of $3250000. In 2022, there was a total rebrand where Elrond introduced the MultiversX project.

MultiversX has been upgraded to a high-throughput blockchain network where POW was removed and POS(Proof-of-Stake) has been introduced. At the moment, MultiversX can process 30k transactions per second in combination with very low fees. Also, spot trading EGLD on Binance can be done in the following pairs:

EGLD/ETHEGLD/USDTEGLD/BUSDEGLD/BNB
EGLD/BTCEGLD/EUREGLD/RON

Related: How to buy MultiversX coins on Binance in 3 Steps

Coin 3: Axie Infinity(AXS)

The Axie Infinity project was the 17th successful launch on the Binance Launchpad. This token sale was done in a lottery format where investors could share their BNB balances to be able to participate.

All in all, of a total of 270,000,000 AXS coins, 29,700,000 went for sale at this launch.

In short, Axie Infinity is a Pokemon-inspired play-to-earn metaverse game created on the Ethereum and Binance blockchain. Players can gather, grow, breed, and battle digital creatures known as Axies. Additionally, players can use the AXS token to buy or sell items(NFTs) in the game. Spot trading on Binance can be done with the following trading pairs:

AXS/ETHAXS/USDTAXS/BUSDAXS/BNB
AXS/BTCAXS/TRY

Related: how to buy Axie Infinity(AXS) on Binance(In 3 Steps)

Coin 4: The Sandbox(SAND)

The Sandbox is a play-to-earn game that combines blockchain technology, DeFi, and NFTs in a 3D metaverse. Its virtual world allows players to create and customize their games and digital assets with free design tools.

Particularly, the SAND token is the native token of The Sandbox. It is used as the basis of all transactions and interactions in the game. SAND can be earned through playing games and contests in this blockchain-based game.

At the time of writing the Sandbox project has a total market cap of $630 million and is traded among 100(+) exchanges worldwide. Finally, for trading this token on Binance you have the following trading pairs:

SAND/ETHSAND/USDTSAND/BUSDSAND/BNB
SAND/BTCSAND/TRY

Coin 5: Injective(INJ)

The Injective Protocol project was the 16th launchpad project on Binance. In October 2020, 9,000,000 INJ tokens had been allocated to the launchpad platform. Additionally, the initial token price was $0,40 per token, whereas nowadays the token price is at $6.80 a stunning 2500% profit(!).

Related: Guide: How To Trade Injective Protocol(INJ)

In short, Injective is an open, interoperable smart contracts-enabled blockchain optimized for DeFi applications. Moreover, DeFi applications run autonomously on the blockchain where you can connect to them with a Web3 wallet(e.g. MetaMask). The protocol focuses mainly on finance solutions and trading. For spot trading this coin, you have the following trading pairs:

INJ/TRYINJ/USDTINJ/BUSDINJ/BNB
INJ/BTC


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Coin 6: Fetch.AI(FET)

Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. The FET token is Ethereum compatible(ERC-20) and has been added to many exchanges on a global scale(100+).

At the time of writing, the project has a total market cap of $186 million and a coin price of $0,22. You can trade this coin on Binance with the following pairs:

FET/ETHFET/USDTFET/BUSDFET/BNB
FET/BTCFET/TRY

Coin 7: Arkham(ARKM)

Last in the list of best coins for spot trading Binance is Arkham. This token sale took place in July this year(2023) and the project has already been 10(x) since then. Consequently, the initial token sale was set at $0,05 per token and a few months later the ARKM token is trading at $0,48.

In short, Arkham is a blockchain analysis tool with tons of useful features and visualizations that will allow you to keep track of wallets, and transfers and make deep investigations. Arkham advertises itself as the world’s first on-chain intelligence exchange.

In addition, Arkham has managed to successfully deanonymize the blockchain. You can search for addresses, search by ENS name, filter in/out exchanges, lending protocols, etc. You can spy on whales, investigate scams, and track VC investments. Below are the trading pairs on Binance:

ARKM/TUSDARKM/USDTARKM/RUBARKM/BNB
ARKM/BTCARKM/TRY

Final Thoughts

Is spot trading Binance Launchpad tokens beneficial? These tokens offer enticing opportunities with high liquidity, trading fee discounts, and integration into the Binance ecosystem. However, it’s crucial to consider your crypto spot trading strategy carefully. For those who thrive on volatility and can manage risk, lower-cap coins like Arkham (ARKM) may provide substantial gains. Conversely, more established options like Polygon (MATIC) offer stability and versatility with numerous trading pairs.

Ultimately, the best coins for spot trading on Binance depend on your risk appetite and trading preferences. Keep an eye on market dynamics, as cryptocurrency landscapes evolve rapidly. Always conduct thorough research and stay informed to make informed decisions in the dynamic world of crypto spot trading.

👉Open a free account on Binance

FAQ – Best Coins For Spot Trading Binance

What is the Fee Rate For Spot Trading on Binance?

The fee rate for spot trading on Binance typically starts at 0.1% per trade for regular users. However, users can reduce their trading fees by using Binance Coin (BNB) as the trading pair, which provides a 25% fee discount.

Additionally, Binance offers a tiered fee structure based on users’ trading volumes, with higher trading volumes resulting in lower fees. Traders can check their specific fee rates and tier level on the Binance platform under the “Account” section for accurate and up-to-date information.

Is Binance Spot Trading Better?

Spot trading on Binance is generally considered less risky than trading derivatives or futures contracts. With spot trading traders are not exposed to the same level of leverage and potential for liquidation.


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