What is spot trading?
Spot trading means buying a coin with USDT and owning it right away, then selling it later. There's no borrowing or leverage. You can still lose money if the price falls.
Steps
- 1
You pay USDT and receive the coin in your exchange account.
- 2
The coin's value moves with its price.
- 3
When you sell, the difference between buy and sell price, minus fees, is your profit or loss.
Good to know
- A coin's price can fall a lot and may never recover.