Spot trading involves a direct exchange between buyers and sellers, with the traded assets delivered immediately or within a relatively short time frame. It's the easiest and most popular way to trade in the crypto market.
Advantages of spot trading
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Asset Ownership: Spot trading provides real ownership of the cryptocurrency you buy, allowing you to use it however you like.
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Ease: The process of spot trading is straightforward, making it friendly for novice traders.
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No expiry for spot trades: Unlike futures or options, spot trades do not have a set expiry date, so you don't have to worry about when to sell.
Risks of spot trading
- Market Volatility: Cryptocurrency prices can fluctuate wildly, which could lead to losing your capital.
Crypto Exchanges Supporting Spot Trading
- Kucoin (Popular exchange, operating since 2017. In our opinion, Kucoin is the crypto exchange with the most user-friendly interface we have ever seen.).
- Bitmart (Founded in 2017, BitMart has grown to become a prominent global cryptocurrency exchange, offering services to more than 9 million users across over 180 countries.).
- Deepcoin (Deepcoin, a cryptocurrency exchange founded in 2018 and headquartered in Singapore, has become popular among 10 million users worldwide.).
- LBank (LBank has gained popularity worldwide, particularly in Asia and Europe.).
