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After you have registered on the exchange (link for the Ukrainian site) and got to the main page, you will most likely have a lot of questions and at first glance everything will be complicated. But this is only at first glance, in fact the system is quite simple and in this article we will explain in simple words what a spot is, what futures are, what the difference between them is and what is right for you!

What is spot trading?

Spot trading is one of the main and basic types of trade. With the help of spot trading you can buy and sell cryptocurrency (Bitcoin, Ethereum, Cardano, etc.). By buying cryptocurrency on the spot market, you are the direct owner and have the full right to dispose of these cryptocurrencies at your own discretion. If you need an example from real life, it is completely identical to buying real estate.

This type of trading is quite good for investors, or long-term position traders. That is, those market participants who open transactions are quite rare.

The screenshot above shows the trading terminals of the ByBit and Binance exchanges. The interface of both programs is quite similar to each other. In order to buy or sell cryptocurrency on the spot market, you need to go to the Trade section.

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