Spot Trading can be one of the simplest ways to invest in crypto and many people will get started through Spot Trading without even realizing that they are doing it. It is even possible to get good at spot trading in crypto markets without knowing the definition of the term.
But what is spot trading, and why is Crypto spot trading such a common thing compared to other methods of trading?
An Intro to Spot Trading in Crypto
Spot trading is all about buying and selling assets directly. Transactions are based on assets that you actually own - there is no such thing as credit or IOUs - and the assets are exchanged almost instantly. In a nutshell, this is the absolute base form of crypto trading as a whole.
Crypto spot trading mostly happens in spot markets, which can either be public exchanges or agreements between both parties in private. Spot trading through official spot market sites is often safer, but any option can work as long as both spot trading partners are trustworthy.
If you are just starting out with trading crypto, then you should expect spot trading to be your starting point. A new crypto trader can easily learn how spot trading works within a matter of days, giving them an easy way to buy and sell crypto in the market.
Is Spot Trading the Default?
Spot trading is often seen as the most basic form of trading for a reason. It is simple, quick, direct, and does not usually involve any over-complicated gimmicks that would make it hard to tell what is going on. This makes it the best place to get started with crypto trading, especially as a brand-new crypto owner with no trading experience.
Remember that trading is a very complex thing, even if you follow the simplest trading methods. There will be times when a platform offers a feature that you do not understand or short language is used that you have not gotten used to yet. The best way to learn spot trading is to try doing a couple yourself or watching others handle their own spot trading first. (read more: https://coinpass.com/en/blog/academy/what-is-spot-trading-in-crypto)…
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