To understand this, let's give a simple example. There were people walking around the streets, always carrying paper money, and they were looking for clients to whom they could sell their money at an exchange rate higher than their purchase price. They were buying and selling instantly - On Spot
➡️ You sell euros and in return you get a dollar in your hand and go home.
Meaning that payment and receipt are made instantly, with real money. This is the spot market, the place where financial digital currencies are traded instantly
↪️ In digital currencies on spot markets, you have the freedom to exchange some currencies for other currencies. For example, if you need Ethereum (ETH) and have Tether (USDT) to buy, you simply go to the spot market and place a trade on the ETH/USDT pair.
Spot trading is one of the easiest to understand ways to trade cryptocurrencies.
Buy at the bottom during a bear market and sell in a bull market. The most important thing in this is your knowledge of the market, technical analysis, and patience.
