#which-is-best-platform?
✅ Spot Trading or
✅ Future Trading
🔥 Spot trading is a worldwide popular and les Risky platform. People who join for trading, they join spot first. After getting so many experiences about a specific coin, they wish to join future trading to increase income.
🤔But which is really better to continue????
➡️ Maximum number of people in the world likes #SpotTrading. Spot trading in crypto refers to buying and selling cryptos for immediate settlement, as opposed to trading derivatives or futures contracts. It is the most common type of trading in the crypto market today that beginners like to work with. In spot trading, buyers and sellers agree on the current market price of a particular crypto asset, and the transaction is settled in real-time, with the asset being transferred from the seller’s wallet to the buyer’s wallet.
One of the advantages of spot trading is that it allows traders to hold actual crypto assets, which can be transferred to their own wallets and held for the long term. This isn’t the case when it comes to futures or any other type of derivatives trading, where the trader only holds the contract and not the underlying asset. Additionally, spot trading is generally considered #less-risky than trading derivatives or futures contracts, as traders are not exposed to the same level of leverage and potential for liquidation.
➡️ Futures trading in crypto involves the buying and selling of contracts that obligate the buyer or seller to purchase or sell a crypto asset at a predetermined price and date in the future. This means that traders can speculate on the price of the asset without actually owning it. Futures trading in crypto is typically done on centralized exchanges, with the most common crypto futures contract being the perpetual contract, which has no expiration date. It is a more risky trading platform.
✅Recommendation: I personally don’t recommend future trading as it is a part of betting and it is also prohibited in #ISLAM
