Spot trading is just like buying things in everyday life; you pay and receive the goods at the same time. If I spend 6000 USDT to buy one Bitcoin, then I truly own that Bitcoin. I can transfer it to my own wallet or gift it to someone else.

The advantage of spot trading is that the coins you buy belong to you, and regardless of price fluctuations, the quantity of coins you hold will not change. The disadvantage is that you can only profit if the coin price rises. If the coin price falls, you can only sell to cut losses or hold onto the coins with a calm attitude.

Key point: Spot trading can only be profitable through buying low and selling high.