๐ฅWhat's the difference between Spot Trade and Futures Trade?"
๐ Spot Trade vs. Futures Trade: What's the Difference? ๐ค
When diving into the world of crypto trading, you'll often hear about spot trading and futures trading. Letโs break down the key differences between them! ๐
๐ธ Spot Trade:
What is it? Buying or selling an asset immediately at the current market price.
Settlement: Instant โ you own the actual crypto right away!
Best for: Beginners or long-term holders who want to actually possess the coins.
๐น Futures Trade:
What is it? A contract to buy or sell an asset at a later date for a pre-agreed price.
Settlement: At contract expiry or on-demand closing โ no immediate transfer of actual coins.
Best for: Experienced traders who want to speculate on price movements or hedge risk.
๐ก Key Takeaway:
๐ Spot trades = immediate ownership.
๐ Futures trades = contracts that allow you to bet on price direction, often using leverage.
Trade wisely! ๐$BNB