What is crypto spot trading?

One of the basic trading methods to invest in cryptocurrencies is spot trading, in which traders buy assets with the hope of selling them at a higher price in the future. This article will discuss what spot trading is, crypto spot trading signals, how to do crypto spot trading and what are the risks of crypto spot trading.

What is a spot account?

Spot account This account can be best described as trading or active account. Coins that are on your Spot account balance can be used to make trades on LATOKEN platform. Why not have just one account?

What is spot trading and how does it work?

The base market, where crypto assets are instantaneously exchanged and settled, is known as a spot market, and trading in this market includes buying digital currencies like Bitcoin ( BTC) or other altcoins and hodling them until their value rises. It is called spot trading because the transactions are settled “on the spot.”

What is the order book in the crypto spot market?

While the buyers and sellers in the crypto spot market are self explanatory, the order book can be a bit more difficult to visualize without visiting a real crypto exchange. The order book is effectively the current buy and sell orders that are available for traders to take on an exchange.