Spot trading is an investment that involves buying a good at the current market price and selling it when (if) its price rises in the future. This can be stocks, currencies, commodities, and, of course, cryptocurrencies. Spot trading in crypto takes place in hundreds of cryptocurrency exchanges like KuCoin or Bitget, where buyers place an order to buy specific coins like Solana or XRP. If the order matches the price expected by the sellers (spot price), a transaction occurs, and the particular cryptocurrency goes to the new owner. Of course, purchasers can pay for cryptocurrencies with dollars or their local currencies (FIAT) and also trade across several cryptocurrency pairs. It's very simple.