Before starting to trade crypto seriously, it is important to understand the types of trading available. It's like choosing the right tools before building a house, if you choose wrong, the result can be messy. Let's briefly discuss what Spot trading is.
Spot Trading
What is it?
Spot Trading is when you buy or sell crypto and own it immediately. For example, you buy 1 ETH at the current market price, and it goes directly into your wallet.
When to use it?
· Suitable for beginners.
· Used for medium to long-term investments.
· Can be a way to learn about the market without the pressure of debt.
Advantages:
· Simple and transparent.
· You truly own the asset.
· Lower risk compared to other types.
Risks:
· Cannot profit from price declines.
· Potential profit is smaller without leverage.
