What is spot trading?

Spot trading is similar to stocks. You can only buy up but not down, and there is no leverage trading. For example, if you buy spot BTC at a price of 40,000 USDT, when the BTC price rises to 45,000 USDT, you will make a profit of 5,000 USDT, which means that spot trading can only be profitable if the market rises. If the market goes down, you have to bear the risk of losing money.